Investing & Trading
About a week ago, Russian parliament gave “preliminary approval” to legislation that would allow prosecutors to declare foreign and international organizations “undesirable” in Russia and shut them down. Now, it’s official, after President Vladimir Putin signed the bill into law yesterday (May 23). In a nutshell, Putin administration can shut down your businesses whenever they […]
... written on May 24 2015Wall Street, the world’s largest stock exchange, is where you need to visit at least once in your lifetime to feel and experience the true meaning of money making. Every day, hundreds of billions of dollars changes hands. It could be due to this powerful influence that Ahmed Mohammed got inspired. Ahmed, a food cart […]
... written on May 21 2015Up to today, many still think that HSBC is actually a bank which is Chinese-owned, Hong Kong-based, located and headquartered in the small but prosperous financial city. After all, HSBC refers to “HongKong and Shanghai Banking Corporation”. Well, it’s HQ was based in Hong Kong until 1993 before the bank decided to abandon Hong Kong […]
... written on May 20 2015What do these big names have in common – Dato Dr Warren Eu, Lt. General Athiwat Soonpan, Datuk Raymond Chan Boon Siew, Datuk Daniel Tay, Dato Nazifuddin (second son of Prime Minister Najib Razak)? They’re all involved in uFun Group (directly or indirectly), a supposedly superbly successful company with more than 10 offices worldwide and members […]
... written on May 15 2015Oil is back!! Oil is going bonkers!! Oil is going through the roof!! West Texas Intermediate (WTI) keeps hitting new high almost everyday since mid-April this year. From the low of US$42 a barrel, it’s now trading at US$60.86 a barrel. That’s roughly 43% rally in less than 2-months. Still, nobody dares to say the […]
... written on May 06 2015McDonald’s is in trouble, as far as investors and consumers are concerned. Wall Street isn’t lovin’ McDonald’s latest turnaround effort, while consumers aren’t lovin’ McDonald’s boring food. Its shares closed down 1.7% at US$96.13 a pop on Monday. Two months into the job, CEO Steve Easterbrook admits the “urgent” need to “reset” the business. Such […]
... written on May 05 2015Who would have thought Twitter’s quarterly earnings result could leaked, on its own platform? Twitter’s earnings for the first-quarter of the year was bad, but not as horrible as how it was leaked earlier than it’s supposed to be, when Selebrity, a company that provides financial intelligence service, tweeted the results at 3:07 p.m. ET, […]
... written on Apr 29 2015Navinder Singh Sarao was a 36-year-old British futures trader, just like any other traders trying to make money. But the Brunel University graduate is now spending his weekend in British jail after failing to up his £5 million (US$7.6 million, RM27.1 million) bail bond. He was arrested this week at the modest suburban semi in […]
... written on Apr 26 2015Low-profile tycoon Syed Mokhtar Al-Bukhary, the man closely tied to Malaysia dominant political party UMNO, and one of many cronies aligned to influential former prime minister Mahathir Mohamad, is offering about 1.5 billion shares in Malakoff Corp, a subsidiary of MMC Corp, in exchange for RM1.80 a share. If fully subscribed, the 1,521,740,000 IPO shares […]
... written on Apr 22 2015He co-founded PayPal and sold it to eBay for a cool US$180 million profit. He could have retired rich and young (he was 32 then) but he needs to save the world. Elon Musk, the boss and architect of SpaceX, Telsa Motors and SolarCity is often compared to Tony Stark, the genius engineer played by […]
... written on Mar 31 2015
