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") .
The Hong Kong government will launch a special HK$30 billion relief fund. The funds will be used to provide one-off cash injections to industries hit hard by the coronavirus such as retail, leisure and tourism and to fight the spread of the Covid-19 virus. China’s State Council has announced that all medium, small and micro-sized businesses will not need to make contributions to employees’ old-age pension, unemployment and workplace safety insurance plans from February to June, in order to minimise job losses from the coronavirus outbreak. The Federal Reserve sees the US economic outlook remaining favourable and sees no reason to alter interest rates. The minutes of January’s FOMC meeting show policy makers agreeing to leave interest rates in a range of 1.5 to 1.75% “for a time” to support business investment and a recovery in the labour market. On today’s Money Talk we’re joined by Enzio von Pfeil from St. James’s Place and Jack Siu of Credit Suisse. With the view from Taiwan is Political Risk Consultant, Ross Feingold.
20/02/2020 - 8:08am Business and Market Discussion
Enzio von Pfeil, Associate Partner & Private Wealth Adviser at James's Place highlights that the ongoing COVID-19 coronavirus epidemic remains a random factor rather than a trend factor, as a slowdown in the world's economy started at the end of 2018.
Jack Siu, Director & Senior Investment Strategist for Asia Pacific at Credit Suisse expects the opening of some factories to send a positive signal to investors and bring a quick rebound to China's economy.
20/02/2020 - 8:25am View from Taiwan
The US House of Representatives will start an impeachment inquiry into President Trump over allegations that he withheld aid from Ukraine unless it investigated a political rival. It’s the first such investigation since the chamber impeached Bill Clinton in 1998.
President Trump has criticized China for pursuing an unfair economic model in a speech at the United Nations. Speaking to delegates he said China had failed to implement promised reforms, uses heavy state subsidies, engages in product dumping and forced technology transfers and steals intellectual property. He also challenged Beijing to live up to its promises to Hong Kong made in the Sino-British Joint Declaration.
London Stock Exchange CEO, David Schwimmer, speaking at a conference in London, said he doubts whether Hong Kong has a competitive position in the future and sees Shanghai as the financial hub of China. HKEX’s CEO, Charles Li, speaking at the same conference said, “now is the time to create a global exchange,” given there is US$27 trillion in the Chinese banking system that “needs to be deployed.”
On today’s Money Talk our guests are David Roche of Independent Strategy, Steve Wang from CITIC CLSA and on the phone from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
25/09/2019 - 8:09 Business and Market Discussions
David Roche, President and Global Strategist of Independent Strategy, anticipates that there will be a global recession, and in the markets the first casualty will be equities.
Steve Wang, Senior Credit Analyst from CITIC CLSA, says that US bond yields were backing up excessively earlier this month and he advises investors to go back in to Treasuries.
RTHK’s International Economics Correspondent Barry Wood says that despite weakening consumer confidence, the US economy is still performing well.