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") .
Global Stock markets have fallen sharply as concerns grow over the spread of China's deadly flu-like virus. Hong Kong and mainland shares were the hardest hit. China's Shanghai Composite fell by the most in eight months and the Hang Seng in Hong Kong tumbled below 28,000. However, US shares have recovered after the World Health Organisation tried to calm fears over the deadly coronavirus.
The European Central Bank has left interest rates in the eurozone unchanged and launched a strategic review into its monetary policy, after once again failing to reach its inflation target of 2%.
US Treasury Secretary Steven Mnuchin has told teenage environmentalist Greta Thunberg to go away and study economics before lecturing investors. He said her call for investors to divest fossil fuels showed a lack of understanding about the economy and jobs.
On today’s Money Talk we’re joined by Gavin Parry of Parry International Trading and Tariq Dennison at GFM Asset Management. On the phone from Sydney with the view from Australia is Toby Lawson of Societe Generale.
24/01/2020 - 8:08am Business and Market Discussion
Gavin Parry, Managing Director at Parry International Trading says it's too early to buy following this week's sharp falls in Hong Kong and mainland stock markets.
Tariq Dennison, Portfolio Manager at GFM highlighted that it will take at least six months to get comprehensive economic data about the impact of the Wuhan coronavirus.
24/01/2020 - 8:24am View from Australia
The US Federal Reserve has cut interest rates by 25bps as anticipated but the FOMC is divided on further action later this year. President Trump criticised the decision tweeting that the Fed had shown “no guts, no sense and no vision.” The Hong Kong Monetary Authority has followed suit and cut its base lending rate by 25bps to 2.25%.
Joshua Wong and other Hong Kong activists have told a US congressional hearing that Beijing was eroding the city’s autonomy and it was unable to understand or govern a free society. He urged the US to reassess Hong Kong’s special trade status. US Lawmakers are considering enacting the Hong Kong Human Rights and Democracy Act, which would allow sanctions on Chinese officials and require annual assessments of whether the city is sufficiently autonomous from Beijing to continue its special trading status. House speaker Nancy Pelosi says Congress will move swiftly to pass the act.
On today’s Money Talk, analysing the Fed’s interest rate decision are Enzio von Pfeil from St. James’s Place and Samuel Faveur of Mandarin Capital. Providing the view from Taiwan is Political Risk Consultant, Ross Feingold.
19/09/2019 - 8:08 Business and Market Discussions
Enzio von Pfeil, Private Wealth Adviser at St. James’s Place, says that President Trump will blame the Fed if the economy is not performing well and he loses in the upcoming presidential election.
Samuel Faveur, CEO and Founder of Mandarin Capital, comments that the Fed's decision to cut interest rates by 25bps makes sense and is in line with the economic data which show signs of a slowdown in the US economy.
19/09/2019 - 8:24 View from Taiwan
Taiwan-based Political Risk Consultant Ross Feingold says that the Hong Kong Human Rights and Democracy Act is gaining support among both Democrats and Republicans in the US Congress, and that the bill is very likely to pass. Mr. Feingold adds that if Hong Kong loses its special trade status, the cost of doing business here will rise.