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.
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