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 from 8 a.m. to 8.30 a.m. every weekday morning 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 "MoneytalkR3") .
President Trump said overnight that March 1 is not a "magical date" for a China trade deal, sending US stocks to their session highs. Trade talks between the US and China have resumed in Washington and Chinese Vice Premier Liu He will meet with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday and Friday.
Germany’s interior ministry said yesterday that the country was not planning to shut any firm out of its 5G network but instead would ensure the security of its networks is guaranteed, even from a producer that may not be trustworthy. The news comes as a blow to the US which had been working to persuade its allies to shut Chinese telecoms firm Huawei out of their domestic infrastructure.
Our panel of guests this morning to provide expert analysis on some of the day’s top business stories consists of Stewart Aldcroft of CitiTrust, Marc Franklin from Conning Asia Pacific and RTHK’s International Economics Correspondent Barry Wood.
20/02/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, comments that the Greater Bay Area will be an excellent development if the market barriers and challenges that Hong Kong companies face in doing businesses on the mainland could be removed.
Marc Franklin, Senior Portfolio Manager at Conning Asia Pacific, expects that the Fed will implement one more rate hike this year, but says the Fed is now market dependent and has damaged its credibility.
RTHK’s International Economics Correspondent Barry Wood says that President Trump is looking to avoid raising tariffs on Chinese goods from March 1.
Hong Kong’s Secretary for Commerce and Economic Development, Edward Yau, says the proposed new US tariffs on Chinese goods will hit Hong Kong hard with almost half the Chinese exports going to the US via Hong Kong being affected. He said that a second round of tariffs would affect about HK$130 billion worth of Chinese exports to the US via Hong Kong – about 2.2% of the city’s total exports.
The IMF has warned that the global expansion has plateaued and become less balanced because of rising trade tensions. The Fund says that Donald Trump’s imposition of tariffs on imports could knock almost 15% off global growth by 2020.
In the latest economic data, China’s economy softened a little in the second quarter but was still above the government’s target of around 6.5% growth. US consumer spending rose for the fifth month in a row last month.
Joining this morning’s panel discussion are Wendy Liu from Nomura and Jack Siu of Credit Suisse. Providing the view from Japan is Nick Smith from CLSA in Tokyo. After 8:30, we’ll explore the latest developments in robotics with Eden Lu and Mark Mak founders of Roborn Dynamics. In this week’s emerging markets segment we shall discuss Indonesia with Vasuki Shastry, Asia House Board Member & Author of "Resurgent Indonesia: From Crisis to Confidence".
17/07/2018 - 8:09 Business and Market Discussion
Wendy Liu, Head of China Equity Research & Chief Equity Strategist for Greater China at Nomura International, says the Mainland economy is doing well and the slowdown so far is minimal.
Jack Siu, Director & Senior Investment Strategist for Asia Pacific from Credit Suisse, is confident that the China government can maintain its GDP growth target, and he expects the growth rate will be 6.5% by the end of the year.
17/07/2018 - 8:25 View From Japan
17/07/2018 - 8:35 Tech Report : Robotics
17/07/2018 - 8:46 Emerging Markets Update : Indonesia