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
The World Trade Organization has slashed its forecast for global trade growth by more than half this year, warning that the slowdown could hit living standards and jobs. The WTO said it expected trade volumes to grow by 1.2% in 2019, down from its previous prediction of 2.6% made in April. The organisation also cut its forecast for global economic growth this year from 2.6% to 2.3%.
Manufacturing activity in the US has hit a 10-year low. Exports, new orders and employment all contracted amid the worsening US-China trade war.
Japan has raised it sales tax for the first time in five years. The rate was hiked from 8% to 10% yesterday despite fears over the weak economy.
On today’s Money Talk we’re joined by Stewart Aldcroft from CitiTrust, Peter Churchouse of Portwood Capital and RTHK’s International Economics Correspondent, Barry Wood.
02/10/2019 - 8:08 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, says he is positive about the UK leaving the EU with a deal and he expects that Brexit will happen by the end of October.
Peter Churchouse, Founder of Portwood Capital, comments that politicians have been making the global economy worse and relying on central banks to come to the rescue by lowering interest rates.
RTHK’s International Economics Correspondent Barry Wood sees further reductions in global GDP projections coming up because of slowing trade brought about by the US-China dispute.