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") .
The latest economic data from China shows an economy that is continuing to decelerate and weakness spreading across many sectors. Retail sales growth equalled the joint weakest in 16 years. Overall fixed-asset investment saw the weakest growth since 1998.
China says the trade war with the US should be ended by removing tariffs. A Ministry of Commerce spokesman said yesterday, “the trade war was begun with adding tariffs, and should be ended by cancelling these additional tariffs. This is an important condition for both sides to reach an agreement.”
Alibaba has filed its plans for a secondary stock offering in Hong Kong. The e-commerce giant will issue 500 million new shares at the end of November raising around US$13 billion.
Hong Kong employers are stepping up efforts to ensure the safety of their staff in the city following four days of confrontations between office workers and the police in the central business district. Several international firms are making arrangements for staff to work from home.
On today’s Money Talk we’re joined by Kenny Wen at Everbright Sun Hung Kai and Pete Sweeney of Reuters Breakingviews. With this week’s view from Australia is Toby Lawson from Societe Generale Australia.
15/11/2019 - 8:07 Business and Market Discussions
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai, expresses concern over rising consumer price inflation on the mainland and comments that the CPI may hit 4% in November and reach 5% by Chinese New Year, hurting consumers' purchasing power.
Pete Sweeney, Asia Editor of Reuters Breakingviews, sees Alibaba’s choice of Hong Kong for its secondary listing as a vote of confidence in the SAR.
15/11/2019 - 8:24 View From Australia
New European Commission President, Ursula von der Leyen, has unveiled her new executive team. Irishman Phil Hogan has been named as the EU's new trade commissioner and will be the bloc’s chief trade negotiator. Margrethe Vestager, the EU’s competition commissioner, has been given an expanded role in charge of regulating US tech companies and she has been told to be robust with dealing with rivals including China and the US.
Carlos Tavares, the head of the PSA Group, the car company that owns Vauxhall has called a no-deal Brexit a “head-on train crash” and says the company will halt investment in the UK while the outcome remains uncertain.
Food price inflation surged on the mainland in August, but producer prices have fallen at the fastest pace in three years. Food prices rose 10% y/y, boosted by the price of pork which jumped almost 47%.
Internet giant Alibaba has started a new era after chairman Jack Ma stepped down from the firm he founded in his apartment in 1999. Daniel Zhang, Alibaba's chief executive, replaces him as executive chairman.
Our panel of guests on today’s Money Talk consists of Stewart Aldcroft, Chairman of CitiTrust, Will Denyer, US Economist at Gavekal and in Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
11/09/2019 - Business and Market Discussions / View from US
Stewart Aldcroft, Chairman of CitiTrust, shares Fitch’s pessimism about global economic growth and says China will be worried if GDP drops below 6%.
Will Denyer, US Economist at Gavekal, says China is trying to stimulate the business sector but without also inflating the property market.
RTHK’s International Economics Correspondent, Barry Wood, thinks uncertainly over tariffs is the main reason for the slowdown in the global economy.