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 every weekday morning 8 to 8:30 a.m. 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") .
Federal Reserve Chairman Jerome Powell said he saw little reason to change interest rates next month despite coming under pressure from Donald Trump to cut them into negative territory. He told US lawmakers that current monetary policy was appropriate providing the economy remains on its current path.
A third consecutive day of protests in Hong Kong led to further transportation disruption on the roads and MTR network yesterday. 250 bank branches across the city closed for the whole day. Link Reit said it’s discussing rent relief for tenants at 10 of its malls who have been hard hit by the unrest.
The Wall Street Journal is reporting that trade talks between the US and China have hit further snags. Mr. Trump said previously that China has agreed to buy up to $50 billion in US agricultural products annually, but China is reluctant to commit to a firm figure in the agreement.
14/11/2019 - 8:08 Business and Market Discussions
Commenting on the US-China trade negotiations, Enzio von Pfeil, Associate Partner & Private Wealth Adviser at St. James’s Place, says that China is reluctant to agree a phase 1 trade deal without more concessions from the US.
John Schofield, Executive Director of Apastron Investment, says that the ECB has proven that cutting interest rates into negative territory doesn’t necessarily boost the economy.
14/11/2019 - 8:23 AmCham Women of Influence Awards
Cathy Lui, the Young Achiever of the Year of AmCham Hong Kong’s Women of Influence Awards and the CEO of OPER Technology, comments on the challenges of being a female entrepreneur in an environment where men dominate the business sector and women are expected to to work harder to show their capabilities.
Violent clashes between police and protestors demonstrating against the proposed Hong Kong extradition law shut down parts of the financial district yesterday with a number of banks closing branches in Admiralty and making flexible work arrangements. Several hundred small businesses and shops closed for the day in support for the protestors. The speaker of the US House of Representatives, Nancy Pelosi, said, the US could review Hong Kong’s special status saying, “if it passes, the Congress has no choice but to reassess whether Hong Kong is ‘sufficiently autonomous’ under the ‘one country, two systems’ framework.”
President Trump said there’s no specific deadline to get a trade deal agreed with China to avoid tariffs of 25% being imposed on an additional US$300bn worth of goods from the country. He warned though that he could take “additional steps” on Mexico in 45 days.
Consumer prices in China rose at the fastest pace in 15 months last month boosted by higher pork prices, following an outbreak of African swine fever. The consumer price index rose 2.7% year-on-year but pork prices surged over 18%.
On today’s Money Talk we’re joined by Enzio von Pfeil of St. James’s Place and Andrew Freris of Ecognosis Advisory. Providing the view from South Korea is Peter Kim from Mirae Asset Daewoo in Seoul.
13/06/2019 - 8:09 Business and Market Discussions
Enzio von Pfeil, Private Wealth Adviser at St. James’s Place, says since the handover, the HK government has shown a singular lack of vision – one whose chickens now are coming home to roost.
Andrew Freris, CEO of Ecognosis Advisory, comments that the Chinese authorities are not concerned that inflation is picking up.
13/06/2019 - 8:26 View from South Korea