Investing & Trading
President Donald Trump couldn’t hide his frustration anymore. The stock market sell-off will wipe out his only achievement as his government is officially shut down over funding. The U.S. shutdown could stretch into January, 2019. But the president’s biggest worry is the stock market meltdown, which could spell an economy slowdown and subsequently a recession. […]
... written on Dec 24 2018There were 21 states at the end of November which had joined the US$1.99 club – where at least 1 station sells fuel at less than two bucks a gallon. Today, the number of states have jumped to 31. In essence, American drivers in these 31 states pay US$1.99 or less for a gallon or […]
... written on Dec 23 2018International benchmark Brent crude oil broke the US$60 support level to about US$55. The American WTI, meanwhile, plunged below the US$52 psychological level to US$46 a barrel. If the U.S. crude futures contract continues to drop, we may see the oil breach the US$40 before the year end. In essence, the global oil prices are […]
... written on Dec 20 2018How will the economy be in 2019? Most analysts, economists, bankers and even speculators have the following forecasts – slowdown, bearish, uncertainty and even recession. Even if the world could avoid a recession next year, it will eventually come the subsequent year in 2020. Those who believe in the 10-year cycle, however, think the 2019 […]
... written on Dec 18 2018Three years ago, China and Israel reached a milestone in infrastructure cooperation. A deal was signed to allow a Chinese company to run Israel’s largest port city – Haifa – for 25 years starting from 2021. The Shanghai International Port (Group) Co Ltd (SIPG) won the bid to build the new port which will be […]
... written on Dec 18 2018Donald Trump is perhaps the best U.S. president Americans have ever voted for who wanted to “Make America Great Again”. One of his projects is to fix the U.S. trade deficit with China. Americans have every reason to be angry with the Chinese. They have stolen U.S. technology and secrets, even robbed millions of American […]
... written on Dec 15 2018Those who live in glass houses should not throw stones, says a popular Western proverb. But as trade war between the United States and China escalates, the business world was shocked at the arrest of Huawei’s CFO (chief financial officer), Sabrina Meng Wanzhou, in Vancouver, Canada, while she was transferring flights in the country. […]
... written on Dec 13 2018Get your popcorn and Coke ready. The party has just begun. If you believe the police’s final estimate of the recent anti-ICERD turnout at 55,000, then there were only 55,000 gullible Malays who believed UMNO and PAS leaders. But if you believe Zahid Hamidi’s claim of 500,000 rally-goers, then there were half a million of […]
... written on Dec 12 2018When Prime Minister Shinzo Abe visits Beijing in October to mark the 40th anniversary of the Treaty of Peace and Friendship between the two countries, it appeared that Japan and China have put aside territorial disputes in the East China Sea as part of a new effort to improve ties. But all those efforts are about to […]
... written on Dec 12 2018Qatar’s Energy Minister Saad al-Kaabi dropped a bombshell on Monday (Dec 3) – Doha would leave OPEC on January 1, 2019. Clearly, it was a big news, considering that the small kingdom has been an official OPEC member since 1961. The timing of the announcement was suspicious – just days before OPEC and its allies are scheduled […]
... written on Dec 04 2018
