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Business and Market Discussions / Latest on Oil

2019-09-20

Business and Market Discussions / Latest on Oil

2019-09-20
The Chief Executive of the Hong Kong Monetary Authority, Norman Chan, warned yesterday that the Hong Kong economy faces additional headwinds because of three months of protests and predicted that the territory’s economy contracted in the third quarter.

President Trump’s China Advisor, Michael Pillsbury, said the US is ready to escalate the trade war if a deal isn’t agreed soon. He said tariffs on Chinese goods could go to 50% or 100%.

The Bank of England has kept interest rates on hold at 0.75%, in its last meeting before the UK is due to leave the EU but signalled that prolonged Brexit uncertainty could hurt economic growth and keep interest rates lower for longer.



The Bank of Japan held overnight interest rates at minus 0.1% but has called for a review of the economy and inflation at its next meeting in October and expressed concern that inflation was moving further away from its 2% target.

Our guests on today’s Money Talk are Ronald Wan at Partners Financial Holdings and Iris Pang from ING Wholesale Banking. We’re also going to look at the latest news from Saudi Arabia and the outlook for the oil price with Vandana Hari, Founder of Vanda Insights.

Money Talk

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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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