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") .
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 World Trade Organization has slashed its forecast for global trade growth by more than half this year, warning that the slowdown could hit living standards and jobs. The WTO said it expected trade volumes to grow by 1.2% in 2019, down from its previous prediction of 2.6% made in April. The organisation also cut its forecast for global economic growth this year from 2.6% to 2.3%.
Manufacturing activity in the US has hit a 10-year low. Exports, new orders and employment all contracted amid the worsening US-China trade war.
Japan has raised it sales tax for the first time in five years. The rate was hiked from 8% to 10% yesterday despite fears over the weak economy.
On today’s Money Talk we’re joined by Stewart Aldcroft from CitiTrust, Peter Churchouse of Portwood Capital and RTHK’s International Economics Correspondent, Barry Wood.
02/10/2019 - 8:08 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, says he is positive about the UK leaving the EU with a deal and he expects that Brexit will happen by the end of October.
Peter Churchouse, Founder of Portwood Capital, comments that politicians have been making the global economy worse and relying on central banks to come to the rescue by lowering interest rates.
RTHK’s International Economics Correspondent Barry Wood sees further reductions in global GDP projections coming up because of slowing trade brought about by the US-China dispute.