Commodities
PAS President Abdul Hadi Awang’s tongue has gotten so severely tangled due to excessive lying that he could not keep track which lie is supposed to cover which lie. Fortunately, he has the ultimate WMD (weapon of mass distraction) – Islam. When he could not twist and turn anymore, he will flash the religion to […]
... written on Mar 10 2019Russian Ambassador to the United Nations, Vassily Nebenzia, revealed on Tuesday (Feb 26) that the United States is preparing to overthrow the stubborn Venezuelan President Nicolas Maduro – through military intervention. Speaking at the U.N. Security Council meeting, Russia warned that the country’s sovereignty should be respected. On the same day, Nikolai Patrushev, secretary […]
... written on Feb 27 2019The Dow Jones posted its ninth consecutive week of advances, its longest weekly winning streak in nearly 24 years. This was the first time the DJIA (Dow Jones Industrial Average) index crossed 26,000 points since November 9, and the nine straight week gains marked the longest streak since a 10-week run between March and May […]
... written on Feb 23 2019Last month, the IMF (International Monetary Fund) lowered its global economic growth forecast for this year (2019) from 3.7% to 3.5%. Now, the organisation has a new warning – prepares for an economic storm. Speaking at the World Government Summit in Dubai, the IMF Managing Director Christine Lagarde said – “We see an economy that […]
... written on Feb 11 2019Finally, the much overdue price reduction of fuel is here. While Americans enjoyed gasoline as low as US$1.49 a gallon or RM1.63 a litre, Malaysians had to pay RM2.20 a litre for RON95. Effective 12.01am Saturday (Jan 5), RON95 and RON97 will see a reduction of 27 sen from RM2.20 per litre to RM1.93 per […]
... written on Jan 05 2019There were 21 states at the end of November which had joined the US$1.99 club – where at least 1 station sells fuel at less than two bucks a gallon. Today, the number of states have jumped to 31. In essence, American drivers in these 31 states pay US$1.99 or less for a gallon or […]
... written on Dec 23 2018International benchmark Brent crude oil broke the US$60 support level to about US$55. The American WTI, meanwhile, plunged below the US$52 psychological level to US$46 a barrel. If the U.S. crude futures contract continues to drop, we may see the oil breach the US$40 before the year end. In essence, the global oil prices are […]
... written on Dec 20 2018How will the economy be in 2019? Most analysts, economists, bankers and even speculators have the following forecasts – slowdown, bearish, uncertainty and even recession. Even if the world could avoid a recession next year, it will eventually come the subsequent year in 2020. Those who believe in the 10-year cycle, however, think the 2019 […]
... written on Dec 18 2018Three years ago, China and Israel reached a milestone in infrastructure cooperation. A deal was signed to allow a Chinese company to run Israel’s largest port city – Haifa – for 25 years starting from 2021. The Shanghai International Port (Group) Co Ltd (SIPG) won the bid to build the new port which will be […]
... written on Dec 18 2018Donald Trump is perhaps the best U.S. president Americans have ever voted for who wanted to “Make America Great Again”. One of his projects is to fix the U.S. trade deficit with China. Americans have every reason to be angry with the Chinese. They have stolen U.S. technology and secrets, even robbed millions of American […]
... written on Dec 15 2018
