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") .
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 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.