Investing & Trading
Former U.S. contractor Edward Snowden was right after all when he revealed his refusal to use Apple’s iPhone. It isn’t secure at all as Apple would like you to believe. For 6 weeks, the Government of the United States was at war with Silicon Valley giant Apple over cracking an iPhone belonging to terrorist Syed […]
... written on Mar 29 2016There were some cheers when crude oil prices started moving north from below US$30 a barrel. It didn’t go any further than US$40 a barrel and has now retreated to below the figure. Nevertheless, nobody believes it could skyrocket at the same momentum it had tumbled though. And Moody’s isn’t impressed despite the jump from […]
... written on Mar 16 2016There’s nothing much to elaborate here. The title of this article is self-explanatory. The Wall Street Journal’s latest bombshell is to tell all and sundry two things. First, someone from the Bank Negara Malaysia (Malaysia Central Bank) is super pissed that a “wolf” is about to be appointed as the most powerful person in the […]
... written on Mar 13 2016During its peak, the Daesh (ISIL, ISIS, Islamic State) was the world’s wealthiest terror group. When it captured the city of Mosul, the group was flushed with 500 billion dinars (US$452 million; £320 million; RM1.86 billion) kept in the Iraqi city’s central bank. They were also reportedly made off with a large amount of gold […]
... written on Mar 03 2016Warren Buffett has just published his latest annual letter to shareholders. Why should you care, you may ask yourself. After all, you didn’t own and perhaps will never own Berkshire Hathaway stock. At roughly US$200,000 (£144,434; RM842,568) a share, perhaps it’s impossible for you to afford even “one share” of the company. Still, you […]
... written on Feb 29 2016China has been hitting the news for the wrong reasons – economic slowdown, stock market meltdown, corruption crackdown, and billionaires’ disappearance. However, like its factories, the country assembly lines are producing billionaires faster than any other countries, including United States. Now, China has more billionaires than America. According to China-based wealth research firm – Hurun […]
... written on Feb 25 2016Oil prices, both Brent and WTI, are above US$30 a barrel today. The price fluctuations, nevertheless, have been extremely volatile. Thankfully it hasn’t breached below US$20 a barrel. It would be a total chaos if the price goes below that level. But shall we conclude the worst is over on oil apocalypse? Not so fast. […]
... written on Feb 18 2016HSBC is still undecided if they should move headquarters to Hong Kong, after months of meeting, brainstorming and consideration. The Europe’s largest lender, however, has decided something for the year 2016 – to freeze hiring and salaries – globally. An email sent to HSBC employees on Friday detailing the latest cost-cutting has apparently leaked to […]
... written on Feb 01 2016During the 1997-98 Asian Financial Crisis, then-Prime Minister Mahathir Mohamad went berserk and accused everyone except himself for bankrupting corporations in Malaysia. He tried to bailout his cronies, including his own eldest son Mirzan Mahathir’s Konsortium Perkapalan Bhd which had accumulated RM1.6 billion in debt. But there wasn’t enough money to go around. Outrages, Mahathir […]
... written on Jan 27 2016He’s worth a staggering US$24.5 billion (£17.23 billion; RM106.37 billion) based on Forbes’ estimation. He survived the Nazi-occupation of Hungary and fled the regime as a refugee for 15-years hence he has a soft spot for refugees currently flocking to the European Union. He worked as a railway porter and waiter in London before becoming […]
... written on Jan 22 2016
