Currencies
China announced on Tuesday that its 2015’s economy grew 6.9%, matching economists and analysts’ expectation. The problem is nobody believes the Beijing-endorsed figures. That wasn’t the real economy – argue investor, economist, analyst and specialist. China has simply cooked a number that people wanted to see and hear. Instead, they believe China’s National Bureau of […]
... written on Jan 20 2016First, the good news – China didn’t use the word “devaluation” like it did back in August 2015. The bad news – China secretly devalues its Yuan / Renminbi and as a result everything you could think of – stock markets, currency exchange and even oil prices – is going haywire. China’s central bank […]
... written on Jan 07 2016According to Chinese astrology, 2016 is the Year of the Fire Monkey where the Lunar New Year or Chinese Spring Festival will be celebrated on Feb. 8, 2016. Technically, it is still the Year of the Sheep until Feb. 7, 2016. But it seems the mischievous monkey couldn’t wait and has started playing with fire. If […]
... written on Jan 04 2016If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared while another shot down; the year 2015 is definitely the year of Prime Minister Najib Razak. The prime minister’s multi-billion dollar scandals easily eclipse any other financial scandals one could imagine in the history of the country, including Mahathir’s. […]
... written on Dec 29 2015Many think Germany is Europe’s hardest working country and Japan is the champion in Asia while Americans work the longest hour in both North and South America continents. After all, these countries are the wealthiest. Surprisingly, all three of them do not even qualify for the top-10 most hardworking countries on planet Earth. The […]
... written on Dec 29 2015Christmas is just around the corner and stock markets have already started its yearly window dressing. Now is perhaps the best time for you to take some money off the table, if your portfolio is making good money. However, there’s one very prosperous country in ASEAN which disallows people from celebrating Christmas. Oil-rich Brunei has […]
... written on Dec 23 2015Finally, Federal Reserve Chair Janet Yellen found her spine when she raises rates for the first time since 2006. For as long as one can remember, she has been accused of delaying interest rate hikes – deliberately – to protect big boss President Obama so that businesses could be stretched for survival and unemployment kept […]
... written on Dec 17 2015On 3rd Dec, 2014, gasoline was selling as low as US$1.98 in the United States. An Oncue Express station in Oklahoma City was selling the gasoline for US$1.99 a gallon, the first one to drop below US$2 in the U.S. since July 30, 2010. That was roughly about £1.27 or RM6.86 a gallon (3.785 litres). In terms of […]
... written on Dec 13 2015Five months ago, China did the unthinkable – “Yuan Devaluation“. President Xi Jinping was facing multiple problems back then. The Chinese stock market crashed 30% within 3-weeks. His enemy, former leader Jiang Zemin, was plotting against him by systematically selling shares in an attempt to further depress the stock market. China’s economy was virtually going […]
... written on Dec 10 2015Effective today, Oct 20th, Xiaomi Malaysia has increased prices on its products. Thanks to the local currency – Ringgit – which has been the worst performer amongst the emerging market, losing 20% since early of the year, Xiaomi fans have no choice but to pay more for the Chinese Apple products. Here’re 6 (six) Mi […]
... written on Oct 20 2015
