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") .
Shares in the IPO for Saudi Aramco have been priced at 32 riyals (US$8.53) each, the top end of the share price range offered to investors. It’s the world's biggest IPO, raising US$25.6bn and valuing the state-owned oil producer at US$1.7tn.
The Reserve Bank of India has surprised markets by leaving interest rates on hold at 5.15%. Investors had expected the central bank to lower its key interest rate after India's economic growth fell to 4.5% in September, the slowest pace in more than six years.
Japan's government has announced a 26 trillion yen (US$239 billion) stimulus package to try and boost the economy. The package is equivalent to 4.5% of GDP.
Australian exports fell 5% in October because of lower commodity prices and the country’s trade surplus shrank by a third. Retail sales were flat defying economists' expectations for a 0.3% gain.
Our guests on today’s Money Talk are Francis Lun of GEO Securities and Andrew Sullivan at Pearl Bridge Partners. On the phone from Sydney is Toby Lawson from Societe Generale Australia.
06/12/2019 - 8.07am Business and Market Discussions
Francis Lun, CEO of GEO Securities said that China cannot afford another round of tariffs imposed on its exports as it will further damage China’s economy, so he anticipates trade talks with the US to continue.
Andrew Sullivan, Director of Pearl Bridge Partners (PBP) comments that the latest relief measures announced by Hong Kong’s Financial Secretary won’t help the economy as they don’t deal with the underlying causes of the protests.
06/12/2019 - 8.25am View from Australia
President Trump and Xi Jinping have agreed to hold an “extended” meeting at the G20 summit in Osaka next week. Chinese state media reported that President Xi told Mr. Trump that economic & trade disputes should be solved through dialogue and the key is to show consideration to each other’s legitimate concerns.
The White House explored the legality of demoting Federal Reserve Chairman Jerome Powell in February, according to reports in the US media. The move would have meant stripping Mr. Powell of his chairmanship, leaving him as one out of seven Fed board governors.
Hong Kong’s Chief Executive Carrie Lam made a televised apology to the people of Hong Kong yesterday for her handling of the controversial extradition bill. However, she refused to resign or confirm the withdrawal of the bill from Legco, two of the key demands of protestors.
On today’s Money Talk we’re joined by Stewart Aldcroft of CitiTrust, Mark Michelson of the Asia CEO Forum and on the phone from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
19/06/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, is optimistic about the meeting between Presidents Trump and Xi at the G20 Summit, saying that both sides are still talking and exploring opportunities.
Mark Michelson, Chairman, Asia CEO Forum at IMA Asia, comments that Hong Kong CE Carrie Lam’s refusal to completely withdraw the extradition bill only fuels people's anger.
RTHK’s International Economics Correspondent Barry Wood expects that President Trump will not actually demote Fed Chair Jerome Powell, since the act will be against the law, and will also rattle global markets.