Commodities
Thanks to America and Saudi Arabia, Malaysians especially the Chinese have something to cheer during the coming Chinese New Year festival this month. Effective February 1, prices for fuel have been reduced by 21 sen to RM1.70 a litre (RON 95), 11 sen to RM2.00 a litre (RON 97) and 23 sen to RM1.70 a […]
... written on Feb 02 2015As we have promised, there would be more bitching and grumbling about global oil prices ever since Russia got itself deeper and deeper into an economic meltdown. Christmas will not be pretty and fun in Kremlin this year. Under Vladimir Putin’s instruction, Russian central bank has been propping up local currency Ruble in order to […]
... written on Dec 23 2014Six months ago in June, Crude Oil WTI was traded at above US$105 a barrel. In case you’re wondering, WTI (West Texas Intermediate), is the benchmark for Texas light sweet oil. About 6-months later today, the same crude oil is trading at US$57.50 (as of time this article is being drafted), losing more than 45% […]
... written on Dec 15 2014Starbucks Corp., the world’s largest coffee-shop chain has a new objective – to double food revenue to more than US$4 billion (£2.5 billion; RM13.8 billion) in the next 5-years. And how does it plan to do it? Interestingly, it plans to expand its lunch offerings with new menu – beer, wine and more stores. The […]
... written on Dec 05 2014Everyone was hoping for it to happen, but certain governments were praying it won’t materialise. We’re talking about global crude oil prices. The subject on petrol or gasoline is definitely going to dominate the news until it stabilises. It could make or break a country’s economy, especially when the country depends very much on petroleum […]
... written on Dec 05 2014Some important commodities are being whacked as we enter the month of December. Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, resulting in the glittering metal tumbled more than 2% at one point to US$1,142.90 per ounce. Copper also fell to as low as $6,230.75, breaching below its March low to hit its […]
... written on Dec 01 2014Najib administration has done the unthinkable – to scrap the fuel subsidy of RON95 petrol and diesel altogether. Starting next month, December, the prices of RON95 petrol and diesel will be based on a managed float system. Note that this is based on “managed” and not “freely” float system. Thus, unlike in U.S. where one […]
... written on Nov 24 2014Yesterday, we wrote about the happy and sad consequences as a result of US dollar bull run. Americans are cheering a stronger dollar for a simple reason that their purchasing power will be higher. It will cost them lesser for a vacation in Paris or Bangkok, for example. Since Americans don’t believe in saving, they […]
... written on Nov 05 2014The Chinese are known to be skillful businessmen. They love money the most, on top of family and education for kids. But the Chinese’s presence are all over the globe, thanks to thousands of years of migration. So from which part of the world can we find the top Chinese businessmen? You don’t have to […]
... written on Oct 26 2014Legendary hedge fund manager George Soros has been buying and selling like crazy as of July 2014. George Soros, through his privately held investment management firm – Soros Fund Management – was buying TEVA, EQT, YPF, EGN, CZR while at the same time selling Google, Boeing, Microsoft and Harman International Industries. Besides Warren Buffett, the […]
... written on Aug 17 2014
