Currencies
Donald Trump was frustrated not only because China was manipulating their currency so that Americans buy more cheaper Chinese products, but also because billions of US dollar earned by such unfair trade are being used to purchase American companies. While the Yankees had invaded China as part of Eight-Nation Alliance in 1900, the Chinese is […]
... written on May 12 2017Two years ago, ICBC, the largest and most valuable bank in the world by total assets and market capitalization, was planning to open a clearing bank in Russia for trade settlements in Yuan (Renminbi) and Rubles. ICBC’s business involvement include electricity, mining, chemical, oil and gas, telecommunication, retail, machinery and metallurgy sector in Russia. […]
... written on Apr 03 2017After spending his pocket money to the tune of billions of Euros, bad boy Alexis Tsipras is coming home to ask for more. Only this time, his father Francois Hollande is out of job while his mother Angela Merkel could be joining his daddy. Yes, the infamous Greece debt crisis is back, making a full […]
... written on Feb 14 2017One of the reasons why China is awesomely strong has to do with its huge foreign exchange reserves. Armed with the world’s biggest forex reserves, no speculator, including the legendary George Soros, dares to attack the Chinese Yuan / Renminbi. It’s the same reason a jealous President Donald Trump wanted to slap a 45% tariff […]
... written on Feb 07 2017Look around you. Do you think your job is secured until your retirement? Do you know of anyone who was retrenched and still couldn’t find a job? Do you think jobs are getting scarcer? If you believe jobs haven’t been growing as fast as new graduates joining the job market, you’re not alone. There’re merger, […]
... written on Jan 18 2017What is left after one has all the money they need? In the case of incoming President Donald Trump who has ego as big as Boeing 757-200, the answer is “power”. Not ordinary power where he can fire and hire as in his TV-reality show “The Apprentice”, but the real power as the President of […]
... written on Jan 17 2017First, they thought Donald Trump couldn’t possibly win the presidency. When Donald finally wins beyond polls’ expectation, they thought Trump’s tough rhetoric wouldn’t last. Now, the Mexicans are dead worried about Trump. Mexico government is panicking as Ford Motor Co. cancels its plan to build a US$1.6 billion auto manufacturing plant in San Luis Potosi. […]
... written on Jan 05 2017Ringgit has been staying around 4.48 to a US dollar for quite some time. Today, it finally breaches 4.49 and was trading as low as 4.4965 to a dollar. What does this tell you? It means the 4.50 resistance level is cracking and once this level is broken, the 4.50 will become the new support […]
... written on Jan 03 2017Malaysia is perhaps the only Muslim-country in the world that has a great blueprint to “halalize” everything, except its currency note. A Saudi wannabe, the country had declared Jihad (holy war) on Cadbury over pork-laced chocolate, which turned out to be a false allegation. It had launched the first halal airline – Rayani Air – […]
... written on Jan 03 2017The year 2016 is coming to its end, and clearly it hasn’t been a boring year. As the year of the Monkey, 2016 has brought many mischievous stories – from mass robbery, molest, rape and sexual assault in Cologne, to cheap crude oil, to global terrorist attacks, to 1MDB Ponzi Scheme, to unexpected British’s Brexit […]
... written on Dec 29 2016
