Finance and Economy
Turkish President Recep Tayyip Erdogan has named his son-in-law as the country’s finance minister after being sworn in to another five-year term, and the financial markets aren’t impressed. The country’s stock market and currency Lira fell after Berat Albayrak was named as Turkey’s Finance Minister on Monday. And it isn’t hard to understand why. […]
... written on Jul 10 2018Trump is perhaps one of the luckiest U.S. presidents. He gets to nominate a judge to the U.S. Supreme Court – twice. And he has nominated 53-year-old Brett Kavanaugh to replace retiring Justice Anthony Kennedy, who often sided with his liberal colleagues on issues such as abortion and LGBT rights. Kavanaugh’s nomination will definitely strengthen […]
... written on Jul 10 2018He was appointed to overseeing the United Kingdom’s exit from the European Union. Yet, his boss – Prime Minister Theresa May – was such a weak leader that she was willing to sellout the nation in order not to offend the EU. Brexit Secretary David Davis has dropped a bombshell – quitting the May government […]
... written on Jul 09 2018Get ready for a spike in crude oil prices. Shortly after the U.S. State reaffirmed the Trump administration’s goal of reducing Iran’s oil exports to zero by November 4th, Iranian President Hassan Rouhani warned Tehran could retaliate – by disrupting oil shipments to neighbouring countries. Although Iran didn’t elaborate on such plans, it isn’t hard to […]
... written on Jul 06 2018Shahrir Samad, once the invincible UMNO warlord of Johor Bahru, was grilled for 7 hours by MACC (Malaysian Anti-Corruption Commission) two days ago. When he emerged from the MACC office, he was surprised to learn that his boss, ex-prime minister Najib Razak, had been arrested. Obviously, it wasn’t a walk in the park being questioned […]
... written on Jul 06 2018European Union (EU) had a trade surplus of 120 billion Euros (US$139.6 billion) with the U.S. in 2017. The most exported product from the EU to the U.S. is cars. Hence, Trump doesn’t need to become a rocket scientist to know where to hit the Europe. When the U.S. president threatened to target European cars with […]
... written on Jul 05 2018Najib, the son of Malaysia’s much respected second Prime Minister Abdul Razak Hussein, has just been charged with 3 (three) criminal breach of trust (CBT) under Section 409 of the Penal Code in connection with the transfer of RM42 million to his private bank account from former 1MDB subsidiary SRC International Sdn Bhd. The […]
... written on Jul 04 2018The best day is finally here for millions of Malaysians who are getting impatient over the freedom enjoyed by former Prime Minister Najib Razak since he was toppled at the 14th general election on May 9. For years, the despicable Najib evaded the law by virtue of him being the most powerful man in the […]
... written on Jul 03 2018She was Malaysia’s Central Bank (Bank Negara) Governor from 2000 to 2016, and was the first woman in the prestigious position. In 2009, Global Finance named her as one of the world’s best central bank chiefs. On 20 May 2011, Bloomberg chose her as one of top four nominees to head the prestigious International Monetary Fund (IMF). However, […]
... written on Jul 03 2018President Donald Trump had walked away from the Paris climate agreement. His administration had also announced the U.S. was leaving the United Nations’ Human Rights Council. If you think those were the craziest decision a United States president had ever made, think again. There’s no limit as to what the 45th President of the United States […]
... written on Jul 01 2018
