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") .
Yields on global sovereign debt have fallen further in Monday trading as fears increase over a global economic slowdown. However, on Wall Street US stocks have stabilised following a sharp selloff in Asian equities yesterday.
The South China Morning Post is reporting that Cathay Pacific has agreed a deal to acquire budget airline HK Express from debt-ridden Chinese conglomerate HNA Group. The announcement, which is set for today, will leave Cathay in control of three of Hong Kong’s four airlines.
European plane maker Airbus has sold 300 aircraft to China Aviation Supplies in a deal worth €30bn. It includes 290 Airbus A320 planes and 10 A350.
Apple has announced a suite of new products in a change of direction that will extend its reach in entertainment, financial services, news and videogames and reduce its dependency on the iPhone. It will launch a video streaming venture to take on the likes of Netflix and a video game subscription service. Apple also announced that it’s launching its own credit card, Apple Card, in the US in the summer.
On today's Money Talk, we’re joined by Connie Bolland, Founder of Economic Research Analysis, and Mark Michelson, Chairman of the Asia CEO Forum. Providing the weekly view from Japan is Marcel Thieliant, Senior Japan Economist at Capital Economics.
26/03/2019 - 8:08 Business and Market Discussions
Commenting on US concerns over what they claim is increasing Chinese interference in Hong Kong's affairs, Connie Bolland, Founder & Chief Economist of Economic Research Analysis, says that HK is still a place where people can talk and act freely, and Ms. Bolland is not worried that HK's special customs status in trading with the US will be lost.
Mark Michelson, Chairman of Asia CEO Forum at IMA Asia, comments that it is wrong to compare the Greater Bay Area with Silicon Valley and Wall Street. He says the "one country, three systems" in terms of law and free flow of information within the GBA is the key factor in the development.
26/03/2019 - 8:25 View from Japan
President Donald Trump has cancelled his trip to the World Economic Forum in Davos, Switzerland later this month, as the US government shutdown enters its 20th day, and close to the longest on record. Federal Reserve chairman Jerome Powell warned yesterday that the shutdown could soon start to take its toll on the US economy. He also reiterated the FOMC’s intention to be patient about raising interest rates.
The spectre of deflation is rearing its head once again on the mainland. Factory gate inflation, as measured by the Producer Price Index hit the lowest level in over 2 years. The drop from November’s reading was the biggest fall in the PPI in seven years. Consumer Price inflation also came in lower than expected and hit a six-month low.
China’s Ministry of Commerce has released a statement on the latest round of US-China trade talks which ended a day later than expected on Wednesday. Mainland officials said the talks were deep and extensive and established a foundation for the resolution of each other’s concerns.
On today’s Money Talk, Francis Lun of GEO Securities and Stephen Wong from The Chinese University of Hong Kong, review the day’s business and finance headlines. Providing the view from Australia is Toby Lawson at Societe Generale Australia.
11/01/2019 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities, expects the trade war to reduce Chinese economic growth to 5% or below.
Stephen Wong, Adjunct Lecturer of CUHK's Global Political Economy Master Programme, is concerned about the unhealthy and unsustainable consequences of the stimulus measures enacted by the mainland government to uphold the 6% growth target. However Mr. Wong expects that the Chinese government is willing to pay the price.
11/01/2019 - 8:24 View from Australia