Currencies
Zuckerberg has finally apologised after the Cambridge Analytica scandal erased tens of billions of dollars from his company’s market capitalization. But the defiant billionaire did so only after he was criticised for his failure to apologize in his initial admission in a Facebook post that he “made mistakes” and would “do” more to protect users’ […]
... written on Mar 24 2018From June 2018 Google will ban all online adverts that promote cryptocurrencies and any related content. In the recent announcement, which follows similar action that Facebook took earlier in the year, Google’s other platforms such as YouTube and third-party websites will all be covered by the ban. For cryptocurrency businesses and investors, this is a […]
... written on Mar 22 2018As the U.S. Treasury Department announced on Monday that it expects to borrow US$441 billion in the current January-March quarter, the largest amount in 8 years, more bad news comes in. The DJIA (Dow Jones Industrial Average) plunged 177.23 points, its biggest drop of 2018 after the 10-year treasury yield shot higher above 2.7% to reach its […]
... written on Jan 30 2018He was the famous billionaire currency trader who broke the Bank of England and made US$1 billion in 1992. But he was also a strong supporter of Hillary Clinton who eventually lost US$1 billion when the stock market skyrocketed after Donald Trump’s stunning victory. He is, of course, the legendary currency speculator, investor, philanthropist, political […]
... written on Jan 26 2018If you’re not an American, chances are you would notice your local currency suddenly skyrockets. Keep calm and stop celebrating because it has nothing to do with a sudden boost in your country’s economy. Instead, the US dollar has suddenly plunged to a 3-year low and its biggest 1-day drop in 10 months simply because […]
... written on Jan 25 2018You may not like his big mouth. You may not like his provocative tweets. You may not like his funny hairstyle. Heck, you may not even like that he has a gorgeous wife. But by now, it’s hard to deny that Donald Trump is good for business. For close to a year, the U.S. president […]
... written on Dec 27 2017China is today the world’s biggest economy. But the Middle Kingdom didn’t transform itself into a wealthy nation overnight without lifting a finger. It had been invaded and colonised by various empires – from Mongolia to Manchuria, Russia, United States, Britain, France, Italy, Germany and Japan. Amazingly, the Chinese didn’t perish but emerge stronger over […]
... written on Nov 27 2017What does Malaysian Mahathir Mohamad, Filipino Ferdinand Marcos, Egyptian Hosni Mubarak, Indonesian Suharto and now Zimbabwean Robert Mugabe has in common? They were all once dictators who ruled with iron fist without regards to basic human rights. More importantly they were highly corrupted dictators who get to retire – fabulously rich. Mahathir retired after […]
... written on Nov 24 2017Angela Merkel was a very unhappy woman on Sunday, and who could blame her. In spite of winning the federal elections on September 2017, her chance to become the German Chancellor for the fourth term has hit the wall, for now. While it was a victory, her CDU-CSU (Christian Democratic Union-Christian Social Union) alliance received […]
... written on Nov 20 2017U.S. stocks closed lower Wednesday – both Dow and S&P 500 – suffered their biggest one-day percentage drops since September. The Dow fell 138.19 points while the S&P 500 lost 14.25 points. That wasn’t too bad considering both plunges were less than 1%. But the issue here is they crashed primarily due to a sudden […]
... written on Nov 16 2017
