Commodities
Seismic stations in Sweden, Norway and Finland registered two explosions on Monday (Sept 26). One of the explosions registered a magnitude of 2.3. Seismologists immediately knew it was not an earthquake, but undersea detonations. It was followed by a series of unusual leaks on two natural gas pipelines running from Russia under the Baltic Sea […]
... written on Sep 28 2022For many years, military superpower the U.S. has been focusing on counter-terrorism. The rise of the dragon, however, has seen the Department of Defence shifted its resources to China. In fact, U.S. President Joe Biden admitted that the “reckless and hasty” withdrawal of U.S. forces in Afghanistan was done to allow Washington to shift its […]
... written on Sep 27 2022Walmart is the world’s largest company in terms of revenue. In the fiscal year ended January 31, 2022, the American multinational retail corporation’s revenue amounted to a whopping US$572.8 billion worldwide. That’s “half a trillion” in annual revenue from a retail giant that operates a chain of grocery stores, hypermarkets and discount department stores. […]
... written on Sep 21 2022The first step in determining whether a precious metals company is legit is to verify their credentials. Some scammers may use convincing claims such as credibility, experience, and other investors’ previous investments. They may also claim limited supply and little risk. In addition, they may offer financing arrangements that require a small down payment, a […]
... written on Sep 21 2022India is the world’s top rice exporter, accounting for 41% of the global rice trade. Its total rice exports in the world last year (2021) reached 21.5 million tonnes – more than the total shipment from the next four biggest exporters – Thailand, Vietnam, Pakistan and the United States – combined. Rice is the staple […]
... written on Sep 20 2022During the 1997-98 Asian Financial Crisis, Ringgit dropped like a rock. In fact, the crisis the swept Southeast Asian countries into currency chaos had forced the Malaysian currency to depreciate by about 80%, from RM2.50 to RM4.50 per US dollar. At its worst level, the currency plunged to a record RM4.885 per dollar in 1998, […]
... written on Sep 15 2022Ringgit has finally dropped 4.50 to a US dollar on Wednesday (Sept 7) – the lowest since January 1998, during the Asian Financial Crisis. The Malaysia currency plunged as much as 4.5038 before staging a rebound to 4.5017. As feared, once it breached the psychological 4.50 level, it would be difficult to return to previous […]
... written on Sep 08 2022It’s one thing to express full solidarity with Ukraine and pledged to continue offering strong political, financial and humanitarian assistance. It’s another thing altogether to condemn Russia and bragged to continue imposing hard-hitting sanctions. The 27-nation leaders of European Union love to talk about solidarity that binds their countries together. But when even Bloomberg […]
... written on Sep 06 2022Artemis I mission to orbit the moon has failed again. For the second time this week, NASA was forced to cancel the launch on Saturday (Sept 3) after another fuel leak. The rocket was supposed to go off on Monday, but was postponed to Saturay due to liquid hydrogen leaks. NASA engineers had tried to […]
... written on Sep 04 2022Energy crisis created by the Russia-Ukraine conflict isn’t over, even though the crude oil prices have dropped to below US$100 a barrel. The wishful thinking that sanctions imposed on Russia could cripple and defeat the Kremlin has boomeranged on the Western nations instead. The impact, either direct or indirect, is so bad that the West […]
... written on Sep 01 2022
