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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Oil prices have surged following the drone attack on two Saudi Arabian oil facilities over the weekend, which have halved the kingdom’s oil producing capabilities and knocked out more than 5% of the world’s supply. Brent crude oil jumped 20% at one point but trimmed gains after President Donald Trump authorised a release of oil supplies from the US Strategic Petroleum Reserve to help stabilize markets.
Credit rating agency Moody’s has cut its outlook for Hong Kong's credit rating to negative from stable but maintained its current rating. Moody's said the change in outlook reflects the increasing risk of "an erosion in the strength of Hong Kong's institutions" amid the protests.
Norman Chan, chief executive of the Hong Kong Monetary Authority, said yesterday there was no evidence of capital flight due to the protests and Hong Kong’s reserves are big enough to withstand any attack by short sellers on the territory’s financial system.
Industrial output growth in China has fallen to the lowest level since 2002, rising 4.4% y/y in August. Retail sales and fixed-asset investment also missed expectations. Premier Li Keqiang warned that maintaining growth of 6% or more would be "very difficult."
On today’s Money Talk, we’re joined by Connie Bolland of Economic Research Analysis and Brad Gibson from Alliance Bernstein. Providing the view from Japan is Naoyuki Yoshino of the Asian Development Bank Institute.
17/09/2019 - 8.08am Business and Market Discussions
Connie Bolland, founder and chief economist of Economic Research Analysis, thinks the surging oil price poses a significant problem to the global economy in the short term as Saudi Arabia is the world’s biggest exporter.
Though Moody’s has cut its outlook for Hong Kong's credit rating, Brad Gibson from Alliance Bernstein says Hong Kong’s corporates and institutions access to the capital markets remains fully open.
17/09/2019 - 8.23 am View from Japan
On today's Money Talk, analysing the business news headlines from around the globe are Tariq Dennison, Portfolio Manager at GFM Asset Management, and Nitin Dialdas, Chief Investment Officer at Mandarin Capital. Providing this week's view from Taiwan is Political Risk Consultant Ross Feingold.
23/05/2019 - 8:10 Business and Market Discussions
Tariq Dennison, Portfolio Manager at GFM Asset Management, expects that the US and China will probably reach a trade deal in the next 12 months, since President Trump will want to have something finalised before the 2020 US election.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital, comments that the manufacturing sector is under stress in the US-China trade dispute, but on the services side the US is still benefiting from Chinese investment and tourism, and therefore should try not to upset China too much.
23/05/2019 - 8:24 View from Taiwan