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") .
The People’s Bank of China has cut interest rates by 10 basis points on Rmb200bn (US$28.6bn) of loans offered via its medium-term lending facility. Apple has warned that it won’t meet its quarterly revenue forecast because of constrained supply around the world of its iPhones and lower Chinese demand as a result of the coronavirus outbreak. Japan's economy suffered its worst quarterly contraction in more than five years at the end of 2019. The nation's annualised GDP in the fourth quarter fell by a much steeper than expected 6.3%, the second worst GDP print since the financial crisis. Singapore and Thailand have both downgraded their forecasts for 2020 economic growth. Singapore’s Finance Minister Heng Swee Keat is expected to announce the largest budget deficit in two decades in his annual budget today. On today's Money Talk, we’re joined by Quentin Webb from the Wall Street Journal and James McCormack at Fitch Ratings. With the view from Japan is Nick Smith of CLSA.
18/02/2020 - 8:08am Business and Market Discussion
Quentin Webb, Asia Markets Editor at the Wall Street Journal says the COVID-19 coronavirus epidemic could be a double blow to Japan's weakening economy, increasing the likelihood of a recession.
James McCormack, Managing Director and Global Head of Sovereign & Supranational Ratings at Fitch Ratings, expects Thailand to pump more fiscal stimulus into the economy as a response to the impact of the COVID-19 coronavirus on the country's tourism sector.
18/02/2020 - 8:23am View from Japan
Hong Kong Exchanges and Clearing has made a surprise £32bn bid to purchase the London Stock Exchange Group. The merger offer amounts to a 23% premium to the LSE's closing price on Tuesday. However, HKEX said the offer is only valid if LSE abandons its plans to purchase data provider Refinitiv. It said in a statement that combining the two exchanges would bring together "the largest and most significant financial centres in Asia and Europe". CEO Charles Li said the deal would "redefine global capital markets for decades to come".
Donald Trump has renewed his attack on the Federal Reserve, calling for the “boneheads” at the central bank to cut rates to zero or less so that the US can refinance debt and lengthen maturities.
President Trump has said he will delay by two weeks the increase of tariffs on US$250bn of Chinese good as a "gesture of goodwill."China has issued its exemption list excluding 16 types of US goods from additional tariffs on September 17. The items on the lists will not be subject to the additional tariffs imposed by China as countermeasures to US Section 301 measures but doesn't include corn, soybeans and pork.
On today’s Money Talk we’re joined by Enzio von Pfeil from St. James’s Place and Andrew Freris of Ecognosis Advisory. Providing the view from South Korea is Peter Kim at Mirae Asset Daewoo.
12/09/2019 - 8.08am Business and Market Discussions
12/09/2019 - 8.23 am View from South Korea