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") .
President Trump has lauded the Phase 1 US-China trade deal as “one of the greatest trade deals ever made.” He tweeted that the deal was “also good for China and our long-term relationship. US$250 billion will be coming back to our country, and we are now in a great position for a Phase Two start. There has never been anything like this in U.S. history.”
Vice Premier Liu He said China has little interest in immediately starting talks on a phase two deal with the US. He said, “we might get nothing if we rush to a second job before the first one is properly done. I don’t think it's a wise choice to impatiently launch new stages of talks."
Microsoft has promised to remove "all of the carbon" from the environment that it has emitted since the company was founded in 1975. Chief executive Satya Nadella said he wants to achieve the goal by 2050. And the company will become carbon negative by 2030, removing more carbon from the environment than it emits.
On today’s Money Talk we’re joined by Francis Lun of GEO Securities and Peter Churchouse of Portwood Capital. On the phone from Sydney with the view from Australia is Toby Lawson at Societe Generale Australia.
17/01/2020 - 8:09am Business and Market Discussion
Francis Lun, CEO of GEO Securities highlights that despite its technological advancement, China still lacks behind in microchip technologies, something that still makes it over-reliant on the US.
Peter Churchouse, Founder of Portwood Capital says that in spite of the unrest in Hong Kong, residential housing transactions hit a 12-year high in 2019.
17/01/2020 - 8:24am View from Australia
Two major oil facilities in Saudi Arabia, including the world's largest, have been hit in a drone attack. The attacks have reduced Saudi’s crude oil production by 5.7 million barrels a day, about half the kingdom's output. Saudi Arabia produces 10% of the world's crude oil and the 50% reduction has sent oil prices soaring over 13% in Asian trading this morning.
The board of the London Stock Exchange Group has unanimously rejected Hong Kong Exchanges and Clearing’s £32bn merger offer and says it sees “no merit in further engagement” on the matter. In a strongly worded letter to the Hong Kong Exchange, the LSE questioned the ownership structure of HKEX and its relationship with the Hong Kong government and said the Shanghai Stock Exchange was its “preferred” partner to unlock the opportunities in mainland China.
A fifteenth weekend of protests have left a trail of destruction and violence across Hong Kong with Admiralty and Wan Chai MTR stations vandalised. Yesterday, Hong Kong International Airport said it suffered a 12.4% fall in passengers in August, the biggest decline in a decade.
On today’s Money Talk, we have with us Alex Wong of Ample Capital and Dickie Wong from Kingston Securities. Providing our weekly view from the mainland is Brock Silvers at Kaiyuan Capital in Beijing.
16/09/2019 - 8.08am Business and Market Discussions
Alex Wong, Director of Asset Management, Ample Capital says the London Stock Exchange’s business model is more diversified compared to HKEx as only 40% of its revenue is driven by transaction volume, while HKEx hasn’t expanded to include other businesses.
Dickie Wong, Head of Research at Kingston Securities, sees little upside for Hong Kong stocks and thinks the spike in oil prices will hold back share prices.
16/09/2019 - 8.23 am View from China