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
The European Union's anti-trust commission has launched an investigation into Amazon regarding suspicions that the online retailer misuses "sensitive data" from independent retailers who sell on the company's site. Anti-trust commissioner Margrethe Vestager said Amazon has a dual role as a retailer selling products on its site and a marketplace where independent traders can sell directly to consumers. When providing a marketplace, she says Amazon appears to collect and use competitively sensitive data about sellers, their products and transactions.
Project Dragonfly, Google's controversial plan to launch a censored search engine in China has been "terminated", Karan Bhatia told the US Senate Judiciary Committee. Work on the project was reported to have ceased late last year but rumours that it remained active persisted.
The Federal Reserve’s Beige Book showed economic activity in the US “continued to expand at a modest pace” and the outlook is for “continued modest growth, despite widespread concerns about the negative impact of trade-related uncertainty”.
On today’s Money Talk we’re joined by Enzio von Pfeil from St. James’s Place and Sunil Kashyap of the Bank of Nova Scotia. Providing the view from Singapore is Justin Kendrick of Ingenia Consultants.In the second half of the programme we talk about the Hong Kong Stock Exchange’s ESG Reporting Guide consultation, which closes tomorrow, with Pat Dwyer and Fiona Donnelly from The Purpose Business. We also look at frontier markets with Ruchir Desai, Fund Manager at Asia Frontier Investments.
18/07/2019 - 8:00-8:20 Market Discussion
Sunil Kashyap, Managing Director of the Bank of Nova Scotia says that the amount of Chinese capital flowing overseas has been reduced and China is diversifying its foreign holdings.
Enzio von Pfeil, Private Wealth Advisor from St. James’s Place believes that US consumers are paying the cost of increased tariffs on Chinese goods.
18/07/2019 - 8:20-8:30 View from Singapore
18/07/2019 - 8:30-8:45 ESG Reporting Guide consultation
Pat Dwyer, Founder and Director of The Purpose Business says that the current consultation paper on ESG reporting guidelines puts the responsibility on company boards to meet the requirements.
Fiona Donnelly, Co-Founder and Business Development Lead from The Purpose Business says that it will be mandatory for listed company to disclose KPIs on ESG.