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") .
Hong Kong Chief Executive Carrie Lam will deliver her 2019 policy address later today with a focus on measures to address the territory’s housing shortage. The address comes as the latest business survey from the American Chamber of Commerce finds almost half of the respondents are pessimistic about Hong Kong’s long-term future.
Nine of Hong Kong’s biggest banks will meet with the Hong Kong Monetary Authority today to discuss how to help small and medium enterprises survive the economic downturn in the territory.
Overnight the US House of Representatives passed the bipartisan Hong Kong Human Rights and Democracy Act, which would require an annual review of whether the territory is sufficiently autonomous from the mainland to justify continuing its special trading and customs status.
The IMF says the global economy is growing at its slowest pace since the financial crisis and warned of a “precarious” economic situation. The fund said world growth would hit just 3% this year because of trade disputes, Brexit uncertainty and other geopolitical crises.
We’re joined on today’s Money Talk by Stewart Aldcroft of CitiTrust, Alex Frew Mcmillan from Dragonfly Media and RTHK’s International Economics Correspondent, Barry Wood.
16/10/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, believes that Brexit will bring Germany, Spain and France into recession.
Alex Frew Mcmillan, Writer at Dragonfly Media, says the US annual review on Hong Kong's special trading and customs status - as required by the Hong Kong Human Rights and Democracy Act - is just a symbolic gesture which means that the US is watching.
RTHK’s International Economics Correspondent Barry Wood comments that the “Phase 1” US-China trade deal is the first step and it helps deescalate tensions between the two countries.
The European Central Bank has announced its biggest package of monetary stimulus in three years. In Mario Draghi’s last meeting as President of the central bank, the ECB cut its deposit rate by 10bps to minus 50bps and restarted quantitative easing to boost eurozone growth. In a contentious move, the ECB said it will buy 20 billion euros of bonds a month from November, for as long as necessary to hit its 2% inflation target. President Trump responded by accusing the ECB of depreciating the euro and urging the Fed to respond next week.
Investors in London and Hong Kong and the board of the London Stock Exchange have given a cool response to the proposal by Hong Kong Exchanges and Clearing to merge with the London Stock Exchange Group. The board of the LSE described the offer from HKEX as “unsolicited, preliminary and highly conditional”. HKEx is reported to be open to sweetening its £32bn offer by considering a higher element of cash in the deal.
Donald Trump says he will think about an interim trade deal with China. The US administration is considering offering a limited trade agreement to Beijing to delay or roll back some US tariffs in exchange for commitments from China on intellectual property and buying US farm produce.
On today’s Money Talk we’re joined by Francis Lun of GEO Securities and Kenny Wen from Everbright Sun Hung Kai. Providing the view from Australia is Toby Lawson at Societe Generale Australia.
13/09/2019 - 8.08am Business and Market Discussions
Francis Lun, CEO of GEO Securities doubts if the UK government would allow HKEx, under Chinese influence, to take over the London Stock Exchange, a key part of their financial industry.
Kenny Wen, Wealth Management Strategist of Everbright Sun Hung Kai says, the US government has many weapons to frustrate China, including environmental issues, labour rights and intellectual property.
13/09/2019 - 8.23 am View from Australia