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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Hong Kong’s Chief Executive Carrie Lam said she and other top officials are ready to reach out to the community and talk to people directly in an effort to bring an end to 11 weeks of protests in the territory. However, a vice-convenor for the Civil Human Rights Front, the organiser of Sunday’s peaceful mass rally rejected Mrs. Lam’s offer saying, “she doesn’t see Hong Kong citizens as stakeholders in the society, so what do we expect her to talk about in a platform for dialogue.” Protestors are urging an economic boycott to force the government to listen to their demands, saying they will cut their personal spending and boycott businesses seen as pro-Beijing.
President Trump says he is considering a new payroll tax cut to boost the US economy. However, he said a recession was very far away.
On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust, Tariq Dennison at GFM Asset Management and RTHK’s International Economics Correspondent, Barry Wood. After 8:30, we preview the Jackson Hole symposium and the clamour for even lower interest rates from central banks with Mitul Kotecha, Senior Emerging Market Strategist at TD Securities. We also discuss the role of the media in the Hong Kong protests with Jonathan Wright, Global Managing Director at Dow Jones.
21/08/2019 - 8:09 Business & Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, comments that Hong Kong's CE Carrie Lam should step away from any direct involvement in the dialogue with the people, and let Chief Secretary Matthew Cheung lead the discussions, which would see more willingness from the public.
RTHK’s International Economics Correspondent Barry Wood says that President Trump is getting more interested in what's happening in Hong Kong, but regrets linking the protests with the trade negotiations with China.
Tariq Dennison, Portfolio Manager at GFM Asset Management, comments that since the US economy is less capital-dependent than it's ever been, the US should not join the Eurozone and Japan in issuing 30-year bonds at 0%.
21/08/2019 - 8:33 Global Markets
21/08/2019 - 8:47 HK Protests - Role of Media
Hong Kong International Airport cancelled all departures after 4 p.m. yesterday, as thousands of anti-government protesters occupied the terminal and caused disruption. Authorities also cancelled incoming flights except for those that were already headed to Hong Kong. The cancellations led to thousands of travellers stranded and roads leading to the airport were paralysed with heavy traffic.
Cathay Pacific has warned staff that they could be fired if they "support or participate in illegal protests". CEO Rupert Hogg said that the airline was obliged to comply with the new rules set out by the Civil Aviation Administration of China. On Friday, the regulator ordered Cathay to submit a list of the identities of staff working on flights to the mainland or passing through its airspace. It warned any staff members involved in illegal protests would be banned from such flights.
South Korea has said it will take Japan off its favoured trade partners' list. The move is in retaliation to Tokyo’s decision earlier this month to do the same to South Korea. Industry Minister Sung Yun-mo said Japan would be placed on a newly created restrictive trade list instead.
On today’s Money Talk are Connie Bolland of Economic Research Analysis and Brad Gibson at Alliance Bernstein. Providing the view from Japan is Marcel Thieliant from Capital Economics. After 8:30, we meet with Angela Chow, Founder & CEO of the Cachet Group. We also take our weekly look at personal finance matters with David Kneebone, General Manager of the Investor and Financial Education Council.
13/08/2019 - 8:09 Business & Market Discussions
Connie Bolland, Founder & Chief Economist of Economic Research Analysis, says that the local tourism industry was in a downturn before the recent unrest in Hong Kong started, and she disagrees that the local economic situation is worse than the SARS outbreak in 2003.
Brad Gibson, Co-head of Asia Pacific Fixed Income at Alliance Bernstein, comments that US treasury yields look relatively compelling compared with other global markets, but the US bond market will still see more stress.
13/08/2019 - 8:25 View from Japan
13/08/2019 - 8:34 CEO - Cachet Group
13/08/2019 - 8:47 Personal Finance