Commodities
By-elections for Rompin and Permatang Pauh have come and gone. As expected, both winners and losers claimed they didn’t lose, literally speaking. Barisan Nasional “Taikors” who retains Rompin seat said the results are positive to them. Pakatan Rakyat “Taikors” who retains Permatang Pauh seat said the results means Malaysian Tsunami is coming. Nobody admits that the results […]
... written on May 09 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 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 2015When you were told to get ready for US$30 a barrel of oil price 4-months ago (December 2014), you probably had freaked out. By last month, however, you might have had laughed off the idea, since the crude oil (WTI) rallied from roughly US$44 to US$54 a barrel. Today, you may kick yourself, if you […]
... written on Mar 16 2015What’s the first thing that comes to mind when Venezuela is mentioned? Well, Miss Universe, of course. Pageants are such a serious business that it’s part of Venezuelan lives. But there’s something much bigger and serious than beautiful women in Venezuela – OIL. For the past many months, people have been talking about how low […]
... written on Feb 06 2015Superman was kinda bored so he just started flying around looking for something to do. He’s flying over Wonder Woman’s house and sees her bedroom window is open, with the gorgeous girl lying on her bed naked. He thinks to himself “I’m faster than a speeding bullet, I could fly down there, take care of […]
... written on Feb 04 2015Thanks to America and Saudi Arabia, Malaysians especially the Chinese have something to cheer during the coming Chinese New Year festival this month. Effective February 1, prices for fuel have been reduced by 21 sen to RM1.70 a litre (RON 95), 11 sen to RM2.00 a litre (RON 97) and 23 sen to RM1.70 a […]
... written on Feb 02 2015As we have promised, there would be more bitching and grumbling about global oil prices ever since Russia got itself deeper and deeper into an economic meltdown. Christmas will not be pretty and fun in Kremlin this year. Under Vladimir Putin’s instruction, Russian central bank has been propping up local currency Ruble in order to […]
... written on Dec 23 2014
