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
Stocks in the US and Europe have plunged after further warning signals of an impending recession appeared in the bond markets and disappointing economic data from China and Germany. In the US and UK, the yield on ten-year government bonds dropped below that of two-year debt for the first time since the global financial crisis. The yield on the 30-year Treasury bond fell to a record low. President Trump slammed the Federal Reserve and its Chairman Jerome Powell as “clueless.”
In China, industrial output rose at the slowest rate in 17 years. Retail sales grew by 7.6%, the slowest pace since April.
Hong Kong airport has resumed operations after two days of chaos which saw hundreds of flights cancelled and protesters clash with riot police on Tuesday. The Airport Authority said it had obtained a temporary injunction banning protesters from entering certain areas. As some protestors held up banners apologising for the violence, China’s Hong Kong and Macau Affairs Office in Beijing called the behaviour at the airport no different to terrorism and said it must be severely punished. President Trump suggested a personal meeting with Xi Jinping to help resolve the crisis “humanely.”
On today’s Money Talk we’re joined by Louis Kuijs from Oxford Economics and Louisa Fok of Bank of Singapore. We get a view from India with Rikesh Mirchandani at Ocean City Capital Advisors. In the second half of the programme we see how ready Hong Kong is for virtual banking with James Lloyd at EY. We also catch up on the latest developments in Exchange Traded Funds with David Lai of Premia Partners.
15/08/2019 - 8:09 Business & Market Discussions
Louis Kuijs, Head of Asia Economics at Oxford Economics, comments that the yield curve inversions are not totally indicative of an impending recession because some of the key trigger points are being excluded.
Louisa Fok, China Equity Strategist from the Bank of Singapore, comments that the US-China trade tensions will undoubtedly have an impact on Hong Kong’s economy, and the SAR's competitiveness over other regional cities will depend on how its economic structure evolves.
15/08/2019 - 8:25 View from India
15/08/2019 - 8:35 Tech: Virtual Banks in HK
James Lloyd, Asia-Pacific FinTech Leader at EY, points out that licensing of new virtual banks is not sufficient in itself in creating new product offerings in the market, and that the introduction of the Faster Payment System is a good example of technological infrastructure that can enable new Fintech propositions to come to the market.
15/08/2019 - 8:47 Exchange-Traded Fund
David Lai, Partner & Co-Chief Investment Officer of Premia Partners, advises investors to manage their risks by diversifying their portfolios amid the uncertainties of the US-China trade dispute and the recent poor performance of the Hang Seng Index. Mr. Lai says that investors may consider putting money to uncorrelated markets like Vietnam, where there is a rising middle class and has the potential to be benefited from the trade war.