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") .
Moody’s has cut Hong Kong’s credit rating on increasing concerns over the performance of the SAR government. The agency reduced Hong Kong’s rating by one notch to Aa3 from Aa2, saying the government’s “slow” and ineffective response to seven months of protests has prompted it to reassess Hong Kong’s institutional strengths and governance.
21/01/2020 - 8:08am Business and Market Discussion
Connie Bolland, Founder and Chief Economist at Economic Research Analysis says that Moody's downgrading of Hong Kong's credit rating by one notch should prompt the government to counter economic disparities and respond to public discontent.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital highlighted that strong exposure to the property market remains the main risk faced by Hong Kong banks, particularly in times of uncertainty.
21/01/2020 - 8:24am View from Japan
US fourth quarter earnings season has kicked off with America’s largest bank, JPMorgan Chase, reporting a record profit on the back of improved trading revenues. Citigroup also reported a strong set of fourth-quarter earnings, but scandal hit Wells Fargo had another disappointing quarter. Hong Kong Chief Executive Carrie Lam has announced a HK$10bn a year package of relief measures targeted at the elderly and the poor. The government will also consider rental controls. Ahead of the expected signing of the phase 1 trade deal later today, trade data from the mainland state customs show China's export growth slowed to a three-year low in 2019. On today’s Money Talk our international panel of guests include David Roche of Independent Strategy, Michelle Lam at Societe Generale and RTHK’s International Economics Correspondent, Barry Wood.
15/01/2020 - 8:09am Business and Market Discussion
Michelle Lam, Greater China Economist at Societe Generale sees last month's trade data as a "positive surprise" signalling a potential turnaround in the mainland economy after a year of decline.
David Roche, President & Global Strategist at Independent Strategy says that the relief measures announced by Hong Kong CE Carrie Lam amount to 0.3% of GDP and will make little difference to the economy.
Barry Wood, RTHK's International Economics Correspondent, says that maintaining current tariffs until after the US elections could disappoint China and raise questions about the genuineness of the phase 1 trade deal.