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.
President Trump and Xi Jinping have agreed to hold an “extended” meeting at the G20 summit in Osaka next week. Chinese state media reported that President Xi told Mr. Trump that economic & trade disputes should be solved through dialogue and the key is to show consideration to each other’s legitimate concerns.
The White House explored the legality of demoting Federal Reserve Chairman Jerome Powell in February, according to reports in the US media. The move would have meant stripping Mr. Powell of his chairmanship, leaving him as one out of seven Fed board governors.
Hong Kong’s Chief Executive Carrie Lam made a televised apology to the people of Hong Kong yesterday for her handling of the controversial extradition bill. However, she refused to resign or confirm the withdrawal of the bill from Legco, two of the key demands of protestors.
On today’s Money Talk we’re joined by Stewart Aldcroft of CitiTrust, Mark Michelson of the Asia CEO Forum and on the phone from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
19/06/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, is optimistic about the meeting between Presidents Trump and Xi at the G20 Summit, saying that both sides are still talking and exploring opportunities.
Mark Michelson, Chairman, Asia CEO Forum at IMA Asia, comments that Hong Kong CE Carrie Lam’s refusal to completely withdraw the extradition bill only fuels people's anger.
RTHK’s International Economics Correspondent Barry Wood expects that President Trump will not actually demote Fed Chair Jerome Powell, since the act will be against the law, and will also rattle global markets.