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
Ahead of the signing of the Phase 1 trade deal, expected tomorrow, the United States will remove China from its list of countries considered currency manipulators. The decision comes more than five months after the Treasury formally made the designation.
Hong Kong Chief Executive Carrie Lam said yesterday that the city’s financial strengths remain intact despite months of pro-democracy protests. She said she was confident that the SAR would heal its divisions and see a “flourishing” economy once again.Hong Kong’s government has unveiled a HK$10.64 billion plan to bail out the financially strapped Ocean Park. The expansion plan will create seven zones and 20 new attractions over the next seven years based on nature and conservation.
China's car sales fell 8.2% in 2019 according to the China Association of Automobile Manufacturers. NEV sales dropped 4% last year. And Ford said its China sales fell for the third year in a row in 2019, dropping to less than half of what it sold at its peak in 2016.
On today’s Money Talk we’re joined by Connie Bolland at Economic Research Analysis and Ian Hui from JP Morgan Asset Management. On the phone from Tokyo with the view from Japan is journalist & author, William Pesek.
14/01/2020 - 8:10am Business and Market Discussions
Connie Bolland, Founder and Chief Economist at Economic Research Analysis, highlighted that although the first phase of the trade agreement may provide some relief to both sides, uncertainty will remain high as the US is yet to announce its long term plans.
Ian Hui, Global Market Strategist at JP Morgan Asset Management thinks that despite the ongoing unrest, Hong Kong as a financial centre still remains valuable to both China and the world.
14/01/2020 - 8:24am View from Japan