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 (Mon - Thu 8 to 9 a.m.; Fri 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") .
HSBC and Standard Chartered have broken their silence on the 11 weeks of anti-government protests that have rocked Hong Kong. Yesterday, the two banks took out newspaper adverts in Chinese in the local press condemning the violence in the territory and calling for a peaceful resolution to the political unrest. Yesterday, Cathay Pacific warned staff that their social media content would be heavily scrutinised, and said posts expressing support for the protests could fall foul of mainland China’s aviation authority’s strict new policy being forced on the airline.
Activity in America’s factory sector has contracted for the first time in a decade. The IHS Markit’s US manufacturing purchasing managers’ index dropped to 49.9 in August.
Joining today’s Money Talk are Francis Lun of GEO Securities and Kenny Wen at Everbright Sun Hung Kai. Also with us is Michael Every from Rabobank.
23/08/2019 - 8:09 Business and Market Discussions
Francis Lun, CEO of GEO Securities, comments that the ongoing demonstrations have caused a loss of confidence in Hong Kong, especially in the property, tourism and retail sectors.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai, says that the global economic slowdown will further damage Hong Kong’s banking industry.
23/08/2019 - 8:24 Fed Minutes & Jackson Hole
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