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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Boris Johnson has been elected the new leader of the UK conservative party. He will be the country's next Prime Minister after Theresa May resigns later today. Speaking after beating rival Jeremy Hunt, he vowed to "deliver Brexit, unite the country and defeat Jeremy Corbyn."
Hong Kong lawmaker Regina Ip says the SAR government should hand out HK$8,000 cash to all residents to boost retail and alleviate people’s concerns over the extradition bill protests. She says the recent protests over the extradition bill have seriously affected grass roots.
The International Monetary Fund has cut its growth forecasts for the global economy for 2019 and next year. It predicts growth of 3.2% this year, down from its April forecast of 3.3%.
On today’s Money Talk are Stewart Aldcroft of CitiTrust, Alex Frew Mcmillan, from Dragonfly Media and on the phone from Washington D.C., RTHK’s International Economics Correspondent Barry Wood. After 8:30, we discuss the impact the new UK Prime Minister could have on the Brexit process and its implication for business and trade with John Bruce of the British Chamber of Commerce in Hong Kong. We also discuss the steps Hong Kong businesses should take considering the extradition bill protests with Steve Vickers, CEO of Steve Vickers and Associates.
24/07/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust does not agree with Regina Ip's idea for the government to hand out $8000 to all residents to boost retail sales but instead proposes that the government develop better education, housing and democracy.
Alex Frew Mcmillan, writer at Dragonfly Media says British companies have to prepare facing uncertainties in the level of tariffs, the weakened pound and impacts of Brexit.
RTHK’s International Economics Correspondent Barry Wood comments that the IMF’s forecast of 2.6% economic growth in the US in 2019 is an increase from its previous estimate and the US economy does not need an interest rate cut.
24/07/2019 - 8:34 Brexit & New UK PM
John Bruce, Chairman of the Scottish Business Group at the British Chamber of Commerce in Hong Kong believes that the new leader of Conservative Party, Boris Johnson, has not demonstrated the capacity to deal with the serious issues he is facing. Mr. Bruce adds that a 'no deal Brexit' will provide further uncertainties for businesses.
24/07/2019 - 8:48 Economic Impact of HK Protests
Consumer price inflation in the US increased by the most in a year and a half last month. Core consumer prices rose 0.3% in June and by 2.1% on an annual basis.
Minutes from the ECB’s last Governing Council meeting in June showed members in “broad agreement” that the bank should be “ready and prepared” to launch new stimulus measures, because of “heightened uncertainty” over the EU economy. Money markets are pricing in an 80% chance of a cut in the ECB’s deposit rate this month or in September.
France has approved a new digital services tax which will make a levy of 3% of the sales made in the country by large technology companies such as Google and Facebook. The Trump administration has ordered an inquiry into the move, which could result in retaliatory tariffs on French goods.
On today’s Money Talk we’re joined by Francis Lun of GEO Securities and Kenny Wen at Everbright Sun Hung Kai. Providing the view from down under is Toby Lawson from Societe Generale Australia.
12/07/2019 - 8.08am Business and Market Discussions
Francis Lun, CEO of GEO Securities thinks that the protests in Hong Kong will have a big impact on the city’s economy.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai expects a quarter point rate cut from the Fed in July but the US central bank needs to dampen market expectations for further cuts.
12/07/2019 - 8.23 am View from Australia