Finance and Economy
United States registered a sterling GDP growth of 4.1% in the second quarter, arguable its best since 2014. The number matched expectations from economists. Four years ago, Obama saw 4.9% rise in gross domestic product in the third quarter of 2014. Besides the good news, the U.S. Commerce Department revised its first-quarter reading up from 2% […]
... written on Jul 29 2018Investors didn’t see this coming. They called it unprecedented. They were caught with their pants down, so much so that they actually said Facebook didn’t need to give such a weak guidance. Do they expect Facebook to lie? Yes, Facebook warned investors of weakening revenue for the second half of the year, and its stock […]
... written on Jul 26 2018Generally, the people of Hong Kong – Hong Kongers – have a perception that their former lord, United Kingdom or Britain, is the good guy while China the bad guy. They prefer to be ruled by the British Empire than the Chinese Communist Party. Given a second chance, the Hong Kongers would gladly be a […]
... written on Jul 25 2018Beijing’s unusual silence over Donald Trump’s latest US$505 billion trade war threat has been mind-boggling. Has President Trump pressed the right button and was right when he declared that trade wars were good and easy to win? It appears so, judging by the lack of retaliation from the Chinese after Trump’s massive US$505 billion tariffs […]
... written on Jul 23 2018A new earning season is here and it will be stretching across July all the reports will inform investment decisions before October. The question is, what do we expect in this season and how will they impact on day to day business decisions? Also, is everyone ready for big surprises that are likely to get […]
... written on Jul 23 2018Straits Times news media, the mouthpiece of the Government of Singapore, has suddenly fallen in love with the Malaysian new government. Ever since the collapse of the old Najib regime, the Singapore media has shown unusual fetishes for Mahathir administration. The media has increasingly demonstrated that they are being fed insider information by intelligence agency. […]
... written on Jul 23 2018While dirty money or money laundering scheme can be easily made legitimate, the same cannot be said about money plundered or stolen via corruption – especially by politicians. In other words, it’s easier for drug dealers to launder their drug money than politicians to legitimatize their ill-gotten money. The biggest difference between them is the amount of money […]
... written on Jul 21 2018Earlier this month, the United States imposed tariffs on US$34 billion worth of Chinese imports. President Trump it was a punishment for Chinese theft of IP (intellectual property) and other unfair trade practices. Amusingly, Trump warned China not to retaliate. Immediately on the same day, China did exactly that – slapping taxes on the same […]
... written on Jul 21 2018There were two big declines in crude prices – last week and on Monday – despite analysts forecast of a decline of 3.622 million barrels in U.S. inventories for the week through July 13. Turns out, a surprise crude oil oversupply of 629,000 barrels in U.S. crude stockpiles occurred, as reported by the American Petroleum […]
... written on Jul 18 2018UMNO, the Malay nationalist party which was defeated in the most shocking and humiliating way one can ever imagine, is in self-denial and self-destruction mode. That’s quite sad considering it had been in power for 61 years since independence in 1957. Although many think UMNO deserves to perish for good, the fact remains it is […]
... written on Jul 16 2018
