Peter Lewis: A fast moving and topical business and finance show.
A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live from 8 a.m. to 8.30 a.m. every weekday morning on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
The Hong Kong General Chamber of Commerce has strongly condemned Sunday’s violence following a day of protest against the extradition bill. The chamber said the situation is raising concerns both locally and internationally about Hong Kong's commitment to the Basic Law and the rule of law. It called on the government to formally withdraw the bill “to show good faith” and set up an independent commission of inquiry into the tensions. Meanwhile, Donald Trump said that President Xi Jinping had acted responsibly in his handling of the Hong Kong protests, which Mr. Trump described as “relatively nonviolent.”
The Shanghai Stock Exchange's new Nasdaq-style technology board, the Star Market, launched yesterday morning with enormous gains for the first 25 companies to list. By the close, price gains ranged from 84% to 400% above their initial offering prices.
US negotiators led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin look set to fly to Beijing next week for the first face-to-face talks since President Xi and Donald Trump agreed to restart negotiations at the G20 summit last month.
A decision on whether Chinese telecoms firm Huawei should be excluded from the rollout of 5G mobile phone networks in the UK has been postponed. British Culture Secretary Jeremy Wright said the US ban on its companies from dealing with Huawei could have a potential impact on the future availability and reliability of Huawei's products.
President Trump has announced that a two-year agreement has been reached with Congress to raise America’s $22bn borrowing limit, which would remove the threat of a dangerous debt default in the coming months.
On today’s Money Talk we’re joined by Connie Bolland of Economic Research Analysis and Nitin Dialdas from Mandarin Capital. With the view from Japan is Naoyuki Yoshino of the Asian Development Bank Institute. After 8:30, we talk to Reeve Kwan, Co-Founder of Gogovan. We’ll also get an update on the outlook for the entertainment and media sector in Hong Kong and on the mainland with Wilson Chow at PwC.
23/07/2019 - 8:08 Business and Market Discussions
Connie Bolland, Founder & Chief Economist at Economic Research Analysis, comments that the development of the tech sector on the mainland is a priority because of the trade dispute with the US.
Nitin Dialdas, Chief Investment Officer from Mandarin Capital, says if the violence caused by the controversial extradition bill continues, it will cause more widespread economic damage to Hong Kong.
23/07/2019 - 8:24 View from Japan
23/07/2019 - 8:34 CEO - GoGoVan
23/07/2019 - 8:48 HK Entertainment & Media Outlook
Calls are growing in Hong Kong for a general strike tomorrow, the day of the second reading of the extradition bill. Local van-hailing company CALL4VAN announced it would cease operations for the day and called for other local businesses and workers to join them. The call was heeded by more than 50 other companies including department store AbouThai which announced that all its 13 stores will close on Wednesday.
Donald Trump has warned Xi Jinping that additional tariffs of 25% on US$300bn of goods will be levied immediately if the Chinese President doesn’t meet him at the G20 summit in Osaka later this month. Mr. Trump said in an interview with CNBC that he believed their countries' differences could be worked out very quickly but if Mr Xi didn’t show up then “the best deal we can have is 25% on $600bn.”
President Trump has also accused the Federal Reserve of being “very disruptive” to the US for not cutting interest rates. He said China devalues its currency putting them at “tremendous competitive advantage but we don’t have that advantage because we have a Fed that doesn’t lower interest rates.”
Joining today’s Money Talk are Nitin Dialdas of Mandarin Capital and David Roche at Independent Strategy. Providing the view from Japan is Nick Smith from CLSA in Tokyo.
11/06/2019 - 8:09 Business and Market Discussions
Nitin Dialdas, Chief Investment Officer of Mandarin Capital, comments that President Trump’s tariffs will hurt the US economy ultimately.
David Roche, President and Global Strategist at Independent Strategy, expects that the Hong Kong extradition bill will affect the local economy and investor confidence.
11/06/2019 - 8:25 View from Japan