Currencies
Finally, PM Anwar Ibrahim has agreed to settle the 25-year feud with Mahathir – in court. His former boss, Mahathir, was the longest serving prime minister of Malaysia – ruling with iron-fist for 22 years (1981-2003) during which his deputy Anwar was sacked in 1998 over corruption and sodomy charges, accusations condemned internationally as politically […]
... written on Apr 18 2023For the last 100 years since the U.S. dollar replaced the British pound sterling as an international reserve currency, the United States has become the world superpower after the First World War (1914-1918). Coincidentally, the dollar as we know it today was actually first printed in 1914 after the Federal Reserve Bank was created under […]
... written on Apr 02 2023From “no limits” partnership announced by China and Russia in February 2022 to the latest pledge to drive something that hasn’t been seen by the civilization in 100 years, the West is very concerned. Thanks to the United States’ strategic errors – and arrogance – Beijing and Moscow are now closer than ever, driven by […]
... written on Mar 24 2023Silicon 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 2022
