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") .
Global Stock markets have fallen sharply as concerns grow over the spread of China's deadly flu-like virus. Hong Kong and mainland shares were the hardest hit. China's Shanghai Composite fell by the most in eight months and the Hang Seng in Hong Kong tumbled below 28,000. However, US shares have recovered after the World Health Organisation tried to calm fears over the deadly coronavirus.
The European Central Bank has left interest rates in the eurozone unchanged and launched a strategic review into its monetary policy, after once again failing to reach its inflation target of 2%.
US Treasury Secretary Steven Mnuchin has told teenage environmentalist Greta Thunberg to go away and study economics before lecturing investors. He said her call for investors to divest fossil fuels showed a lack of understanding about the economy and jobs.
On today’s Money Talk we’re joined by Gavin Parry of Parry International Trading and Tariq Dennison at GFM Asset Management. On the phone from Sydney with the view from Australia is Toby Lawson of Societe Generale.
24/01/2020 - 8:08am Business and Market Discussion
Gavin Parry, Managing Director at Parry International Trading says it's too early to buy following this week's sharp falls in Hong Kong and mainland stock markets.
Tariq Dennison, Portfolio Manager at GFM highlighted that it will take at least six months to get comprehensive economic data about the impact of the Wuhan coronavirus.
24/01/2020 - 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