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") .
Hong Kong police have warned that the city is “on the brink of total collapse” after a second day of transport chaos across Hong Kong yesterday and violent clashes between police and protestors. There was further disruption in the Central Business District Tuesday lunchtime as around 1,000 office workers poured onto the streets to express their support for the anti-government demonstrations and to protest alleged police brutality.
President Trump said a preliminary trade pact between the US and China may be near. However, speaking at the Economic Club of New York he accused China of being “cheaters” and taking advantage of the US and warned he will raise tariffs on Chinese goods if a deal doesn’t materialise.
On today’s Money Talk, we’re joined by Patrick Bennett from the Canadian Imperial Bank of Commerce, Alex Frew Mcmillan at Dragonfly Media and RTHK’s International Economics Correspondent, Barry Wood.
13/11/2019 - 8:08 Business and Market Discussions
Patrick Bennett, Macro Strategist from the Canadian Imperial Bank of Commerce, says that even if the US and China agree a phase 1 trade deal, it will not bring an end to the tensions between the two countries and existing tariffs may remain in place for a while.
Alex Frew Mcmillan, Writer at Dragonfly Media, comments that China’s policy makers are hesitant in giving too much stimulus to the market despite the slowing economy.
RTHK’s International Economics Correspondent Barry Wood says that the situation in Hong Kong is getting more attention in the US, but the Senate is putting the Hong Kong Human Rights and Democracy Act on hold, waiting for President Trump to sign a trade deal with China first.
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