Money Talk

Money Talk

Type:AudioLanguage:EnglishCategories:NewsStatus:On going Description: 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 from 8 a.m. to 8.30 a.m. every weekday morning 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, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .

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Business and Market Discussions / View from Australia 00:29:00 2018-12-14

Peter Lewis

08:43 (2 hours ago)

to Angie, Angie, me, Joseph, James

The European Central Bank has confirmed it will end its asset purchase programme which it introduced in 2015 to stimulate the eurozone economy. It also said it would keep interest rates on hold. ECB President Mario Draghi said that the balance of risks to the Eurozone economy is shifting to the downside.
In other central bank inaction, The Swiss National Bank and the central banks of Norway and the Philippines all left interest rates on hold at their monetary policy meetings. People’s Bank of China Governor Yi Gang said yesterday that China’s economy is facing increasing downward pressure, and monetary policy will continue to be supportive. In its latest policy move, the mainland government will further reduce the tax burden of venture capitalists and angel investors starting January 1.

The US has posted the biggest November budget deficit on record as total government spending came in twice as much as revenue. Last month’s deficit was $205 billion, a 48% increase from the shortfall a year earlier.
On today’s Money Talk, Dickie Wong of Kingston Securities and Michael Chang from Core Securities, provide their analysis. With the view from Australia is Toby Lawson at Societe Generale Australia.