Commodities
Najib son of Razak will soon learn a painful lesson. The Malaysian prime minister will learn the real meaning of “a bird in hand is worth two in the bush”. He should have had honoured the deal that his administration made with IWC-CREC (Iskandar Waterfront Holdings-China Railway Engineering Corp) consortium and let the 1MDB scandal […]
... written on Jun 25 2017Acting as a Saudi Arabia’s middleman, Kuwait has presented a 13-point list to Qatar in order to end the diplomatic crisis. But the demands are insanely extreme that if Qatar agrees, it would be as good as surrendering the small kingdom’s sovereignty to the big bully Saudi. Perhaps that’s what Saudi tries to do – […]
... written on Jun 23 2017As predicted by technical charts, oil is toast, as the crude sank more than 2% on Tuesday. West Texas Intermediate (WTI) crude oil futures ended Tuesday’s session at US$43.23, down 97 cents, the weakest settlement since Sept. 16. At US$43 a barrel, that would be its 9-month closing low, not to mention the lowest of the year […]
... written on Jun 21 2017With the price of West Texas Intermediate (WTI) crude trading at below US$45 a barrel, OPEC has gone bonkers all over the Middle East. That’s because the oil is less than two bucks away from US$42, a very critical support level. The commodity had tried breaching that level slightly more than a month ago on […]
... written on Jun 15 2017American drivers are set to reap unexpected savings for the summer vacation – cheaper gas. On Wednesday, oil made a huge plunge after a report indicated that supply was outpacing demand. The price of West Texas Intermediate (WTI) crude, considered the U.S. benchmark, fell 5%, or US$2.47 a barrel, to US$45.72, mirroring a similar plunge […]
... written on Jun 08 2017When two rich spoilt brats have nothing better to do, they will start fighting over lamest thing, such as who has the most friends or who has the most beautiful girlfriend. In the case of oil-rich Saudi Arabia, who had just rewarded anti-Muslim Trump with US$350 billion deals to buy U.S.’ friendship, they couldn’t wait […]
... written on Jun 07 2017All hell breaks loose when President Donald Trump announced the United States is withdrawing from the Paris Climate Agreement, one of former President Barack Obama’s remaining legacies. Almost immediately, Obama slams Trump, arguing that it is America’s loss, not other nations, for pulling out of the agreement. Mr. Trump’s decision to abandon the landmark […]
... written on Jun 03 2017Celebrity Victoria Beckham is said to own as many as 100 of such branded bags, which is believed to be worth £1.5 million (US$1.9 million; RM8.3 million). She was perhaps the first celebrity to own the mega-expensive Hermès Birkin Himalayan crocodile handbag, before Kim Kardashian follows the footstep. Other celebrities – Pamela Anderson, Lady Gaga, Catherine Zeta-Jones, Julia Roberts […]
... written on Jun 01 2017Do you know that May 22 is also known as “Bitcoin Pizza Day”? It was the date where Laszlo Hanyecz, a programmer, successfully traded his 10,000 units of digital currency bitcoin (BTC) for 2 Papa John’s pizzas. He posted on a bitcoin forum page – “I just want to report that I successfully traded 10,000 […]
... written on May 23 2017Facing the inevitable, Hong Kong’s Cathay Pacific Airways has finally executed the last thing every employee wants – retrenchment. Close to 600 jobs, its biggest in 20 years, are to be cut thanks to a combination of complacency, arrogance and mismanagement. Under the excuse of “challenging business environment”, the airline announced the humiliating restructuring. […]
... written on May 22 2017
