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 police have warned that the city is “on the brink of total collapse” after a second day of transport chaos across Hong Kong yesterday and violent clashes between police and protestors. There was further disruption in the Central Business District Tuesday lunchtime as around 1,000 office workers poured onto the streets to express their support for the anti-government demonstrations and to protest alleged police brutality.
President Trump said a preliminary trade pact between the US and China may be near. However, speaking at the Economic Club of New York he accused China of being “cheaters” and taking advantage of the US and warned he will raise tariffs on Chinese goods if a deal doesn’t materialise.
On today’s Money Talk, we’re joined by Patrick Bennett from the Canadian Imperial Bank of Commerce, Alex Frew Mcmillan at Dragonfly Media and RTHK’s International Economics Correspondent, Barry Wood.
13/11/2019 - 8:08 Business and Market Discussions
Patrick Bennett, Macro Strategist from the Canadian Imperial Bank of Commerce, says that even if the US and China agree a phase 1 trade deal, it will not bring an end to the tensions between the two countries and existing tariffs may remain in place for a while.
Alex Frew Mcmillan, Writer at Dragonfly Media, comments that China’s policy makers are hesitant in giving too much stimulus to the market despite the slowing economy.
RTHK’s International Economics Correspondent Barry Wood says that the situation in Hong Kong is getting more attention in the US, but the Senate is putting the Hong Kong Human Rights and Democracy Act on hold, waiting for President Trump to sign a trade deal with China first.
Federal Reserve Chairman Jerome Powell has indicated that an interest rate cut could be on the way later this month. Speaking before the US Congress he said, “uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the US economic outlook,” and business investment across the US has slowed “notably.”
Consumer price inflation on the mainland rose 2.7% in June, the same as the previous month, despite a continuing surge in food prices. The price of fruit in China has jumped almost 43% since a year ago. Pork prices, which have been hit by an outbreak of deadly African swine fever, rose 3.6% m/m and 21.1% y/y, the fastest rise in three years. Producer price inflation saw zero increase y/y, ending almost three years of uninterrupted growth.
On Thursday’s Money Talk, we’re joined by Enzio von Pfeil, Private Wealth Adviser at St. James’s Place. Wei Zhou, Founder of China Creation Ventures and a speaker at this year’s RISE Tech Conference in Hong Kong, will tell us about venture capital on the mainland. Finally, the view from Taiwan is provided by political risk consultant, Ross Feingold.
11/07/2019 - Business and Market Discussions
11/07/2019 - Wei Zhou: China Creation Ventures
11/07/2019 - View from Taiwan