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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
There was violence and chaos across Hong Kong yesterday as protesters disrupted the transportation network in support of a general strike and clashed with police. Teargas was fired in the central business district, a rarity during working hours. The editor of the Global Times warned that Chinese soldiers can go into Hong Kong to provide support at any time. The Hang Seng index plunged 2.6%, its biggest fall in three months.
Singles Day, China’s annual shopping and entertainment extravaganza has set a new record. An estimated half a billion shoppers spent a total of US$38.4 billion on Alibaba’s platforms during the 24 hours.
China’s Jingye Group has agreed in principle to buy British Steel for £70m, safeguarding up to 4,000 jobs in the UK. British Steel has only been kept running since it went into liquidation in May by loan guarantees from the UK government.
On today’s Money Talk, we’re joined by Connie Bolland of Economic Research Analysis and Andrew Sullivan from Pearl Bridge Partners.
12/11/2019 - 8:08 Business and Market Discussions
Connie Bolland, Founder & Chief Economist of Economic Research Analysis, says the Hong Kong unemployment rate will go up and small and medium-sized enterprises will suffer amid the ongoing protests.
Andrew Sullivan, Director of Pearl Bridge Partners, comments that the SAR government has disappointed expectations by not coming up with solutions to deal with the current social unrest.
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