Currencies
Silicon Valley Bank (SVB) said on Wednesday (March 8) that it would like to raise some funds – US$2.2 billion to be precise. Investors as well as venture capitalists were surprised that the bank – 16th biggest in the United States, with US$209 billion in assets – suddenly needed so much money. Within 48 hours, […]
... written on Mar 13 2023Many had never imagined Anwar Ibrahim would finally become the 10th Prime Minister of Malaysia last month. After all, he had been PM-in-waiting for 24 years – since 1998 when he was stunningly sacked by then-PM Mahathir Mohamad. In total, Anwar was persecuted with three prison sentences and 11 years in jail before walked free […]
... written on Dec 26 2022Prime Minister Anwar Ibrahim was scheduled to unveil his highly anticipated cabinet at 5pm on Friday (Dec 2). Media have been well prepared for the press conference. The PM, having met the Yang di-Pertuan Agong (King) for nearly an hour in the morning, had arrived at the administrative capital of Putrajaya – Perdana Putra – […]
... written on Dec 04 2022After the U.S. and Europe imposed sanctions on Russia over Ukraine invasion, it triggered a massive devaluation of the country’s currency – ruble. Russians lined up at ATMs to withdraw their money. The Bank of Russia immediately hiked the interest rates to 20% to slow the withdrawal, as the ruble plunged 30% against the US […]
... written on Nov 30 2022Just recently, it became known that Apple has removed the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading applications from its App Store. The MetaTrader 4/5 trading platform is one of the most popular in the OTC segment. Multifunctional platforms from MetaTrader are a powerful tool for traders to work on any financial market, […]
... written on Nov 26 2022Desktop trading platforms are still popular, and traders are unlikely to abandon them soon. But times are changing, and it is more important than ever for an investor to respond quickly to all opportunities, take advantage of opportunities and chances, and not lose any perspective. That is why it is essential that access to the […]
... written on Nov 10 2022History will record how opposition Pakatan Harapan stunningly defeated the ruling Barisan Nasional (BN) government in the 2018 General Election. For the first time in history, the corrupt UMNO-led BN coalition lost power after 61 years of one-party rule. And for the first time in history, a former prime minister – Najib Razak – was […]
... written on Nov 04 2022Next month’s polls will be the second time the general election is being held during the monsoon season. The last time it was held in November was in 1999. At that time, Prime Minister Mahathir Mohamad deliberately called an early election to coincide with the rainy season to discourage Malays, angered by the sacking of […]
... written on Nov 02 2022As the world’s reserve currency, the U.S. dollar is the king of the financial world. However, the American government abuses the currency hegemony as a primary tool to advance its geopolitical interests to the extent of arm-twisting the rise of other nations. Not only Russia’s US$630 billion in foreign reserves were frozen, the world has […]
... written on Oct 27 2022She used to talk big during the contest for the job. Wannabe Prime Minister Liz Truss said that she was ready to use nuclear weapons, even though it would mean global annihilation, winning applause from Tory party members. She was, of course, trying to project strength when challenged with a hypothetical situation facing Russia’s threat […]
... written on Oct 22 2022
