Commodities
Australia was hoping that by signing the China-backed Regional Comprehensive Economic Partnership (RCEP) deal on Sunday, it will automatically fix, or at least improve the country’s strained relations with China. If only it was so easy. It would take more than an insignificant deal like RCEP, of which the direct economic benefits are limited, to […]
... written on Nov 19 2020Australia’s economy, already plunged into recession in September – its first recession in 30 years since 1991 – continues to register bad news. And it has nothing to do with Covid-19 pandemic. Rather, it’s a self-inflicted economic backlash after Canberra deliberately campaigned for an international inquiry into the origins of the Coronavirus in April which […]
... written on Nov 04 2020Crude oil prices dropped below zero for the first time in history on April 20, 2020. Many were scratching their head in disbelief as the U.S. oil prices turned negative. Others were amused as they watched the deepest fall in demand for the “black gold” in 25 years. It’s not everyday you get to watch crude […]
... written on Nov 02 2020Australia’s economy officially plunged into recession in September after it registered two consecutive quarters of negative growth. Its GDP (gross domestic product) shrank 7% in the April-to-June quarter compared to the previous three months. Not only this is Australia’s first recession in nearly 30 years (since 1991), but also the deepest since the Great Depression […]
... written on Oct 17 2020The name Zhong Shanshan rarely rings a bell in mainland China, let alone in the world. But when Jack Ma is mentioned, almost everyone knows the billionaire who founded Alibaba. Others like Tencent founder Pony Ma is also a recognizable name. But as of Wednesday, Jack Ma was no longer the wealthiest man in China. […]
... written on Sep 25 2020There are several avenues on how you can grow your money. For instance, you can save funds in a bank wherein your money will earn a meager amount, but you can use this as your emergency fund. There is also the option for you to get life insurance wherein your money will not only grow, […]
... written on Sep 22 2020The announcement that about 1.2 million innocent consumers would need to wait for a minimum 4 days before a water supply resume have left many frustrated – and tempers were flaring up on the social media. The water disruption, which began on Sept 3, affected 1,292 areas in Kuala Lumpur, Petaling, Klang, Shah Alam, Kuala […]
... written on Sep 06 2020On Tuesday (August 18), the S&P 500 closed at a record 3,389.78 points – higher than the previous record of 3,386.15 recorded on February 19, 2020. The benchmark plunged from the Feb’s all-time high to a low of 2,237.40 on March 23, effectively losing 33.9% thanks to the Coronavirus pandemic. It entered a bear market […]
... written on Aug 19 2020As early as August 2017, some 9 months before the May 2018 General Election which saw the stunning defeat of the Barisan Nasional government for the first time in 61 years, then-Opposition Warisan party led by Shafie Apdal promised to abolish “Sabah Communal Land Title” – if they win the election in Sabah. But then-Chief […]
... written on Aug 14 2020The DAX is continuing to rebound in the wake of the economic destruction cased by the spread of the COVID-19 Pandemic. Strong monetary policy from the European Central bank in conjunction with robust fiscal policy has buoyed riskier assets. Since declining by 40% in March, the DAX has rebounded slightly more than 51%, and is […]
... written on Jul 24 2020
