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") .
Hong Kong Chief Executive Carrie Lam will deliver her 2019 policy address later today with a focus on measures to address the territory’s housing shortage. The address comes as the latest business survey from the American Chamber of Commerce finds almost half of the respondents are pessimistic about Hong Kong’s long-term future.
Nine of Hong Kong’s biggest banks will meet with the Hong Kong Monetary Authority today to discuss how to help small and medium enterprises survive the economic downturn in the territory.
Overnight the US House of Representatives passed the bipartisan Hong Kong Human Rights and Democracy Act, which would require an annual review of whether the territory is sufficiently autonomous from the mainland to justify continuing its special trading and customs status.
The IMF says the global economy is growing at its slowest pace since the financial crisis and warned of a “precarious” economic situation. The fund said world growth would hit just 3% this year because of trade disputes, Brexit uncertainty and other geopolitical crises.
We’re joined on today’s Money Talk by Stewart Aldcroft of CitiTrust, Alex Frew Mcmillan from Dragonfly Media and RTHK’s International Economics Correspondent, Barry Wood.
16/10/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, believes that Brexit will bring Germany, Spain and France into recession.
Alex Frew Mcmillan, Writer at Dragonfly Media, says the US annual review on Hong Kong's special trading and customs status - as required by the Hong Kong Human Rights and Democracy Act - is just a symbolic gesture which means that the US is watching.
RTHK’s International Economics Correspondent Barry Wood comments that the “Phase 1” US-China trade deal is the first step and it helps deescalate tensions between the two countries.
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