Crisis
In what appears to be the next level of retaliation against the Government of Canada over the arrest of Huawei’s CFO (chief financial officer), Sabrina Meng Wanzhou, the Chinese may have already decided what to do with Robert Lloyd Schellenberg, a Canadian citizen on charges of drug smuggling. Although information is sketchy, it’s highly possible […]
... written on Dec 27 2018Crude oil has a new buddy – the S&P 500. Less than 2 months after the oil entered the bear market territory on Nov 8, the S&P 500 – the American stock market index based on the market capitalizations of 500 large companies – joins the club on Christmas Eve. On Monday, just before the […]
... written on Dec 26 2018President 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 2018Fireman Muhammad Adib Mohd Kassim has died from injuries sustained during the riot at the Sri Maha Mariamman temple in Subang Jaya last month. Since then, the ethnic Malays have been demanding that P. Waytha Moorthy, National Unity and Social Well-being Minister, be fired. The Indian community, on the other hand, is defending the minister. […]
... written on Dec 24 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 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 2018PTPTN – National Higher Education Fund Corporation – is supposed to be a noble plan to extend loans to help students pursuing tertiary education in Malaysia. It was formed in 1997 during the Mahathir 1.0 era. Now that Mahathir 2.0 has returned as the prime minister for the second time, the PTPTN has become a […]
... written on Dec 07 2018Canadian authorities have arrested Huawei’s CFO (chief financial officer), Sabrina Meng Wanzhou, in Vancouver while she was transferring flights in the country. Sabrina, a leading contender to succeed her father, Huawei’s founder Ren Zhengfei, was arrested on Dec 1 as she is facing extradition to the United States – according to the Canadian Department of […]
... written on Dec 06 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 2018Dow Jones Industrial Average (DJIA) futures skyrocketed 463 points after the world’s two biggest economies – United States and China – agreed to a ceasefire on their bilateral trade war at the G-20 summit in Argentina. Stocks in Asia, as do commodities like oil and copper, also jumped higher on hopes a possible new China-U.S. […]
... written on Dec 03 2018
