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") .
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.
Consumer price inflation in the US increased by the most in a year and a half last month. Core consumer prices rose 0.3% in June and by 2.1% on an annual basis.
Minutes from the ECB’s last Governing Council meeting in June showed members in “broad agreement” that the bank should be “ready and prepared” to launch new stimulus measures, because of “heightened uncertainty” over the EU economy. Money markets are pricing in an 80% chance of a cut in the ECB’s deposit rate this month or in September.
France has approved a new digital services tax which will make a levy of 3% of the sales made in the country by large technology companies such as Google and Facebook. The Trump administration has ordered an inquiry into the move, which could result in retaliatory tariffs on French goods.
On today’s Money Talk we’re joined by Francis Lun of GEO Securities and Kenny Wen at Everbright Sun Hung Kai. Providing the view from down under is Toby Lawson from Societe Generale Australia.
12/07/2019 - 8.08am Business and Market Discussions
Francis Lun, CEO of GEO Securities thinks that the protests in Hong Kong will have a big impact on the city’s economy.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai expects a quarter point rate cut from the Fed in July but the US central bank needs to dampen market expectations for further cuts.
12/07/2019 - 8.23 am View from Australia