Finance and Economy
Brent crude oil is struggling to stay above US$60 while WTI crude oil has already gone below that level. It’s a matter of time before this psychology level is tested. When the Brent couldn’t hold above US$60 a barrel anymore, all hell will break loose. It took Brent 42 days to skyrocket from US$62 to […]
... written on Feb 15 2018In December 2017, about 6 months after China automaker Geely agreed to acquire 49.9% stake in Malaysia home-grown but ailing carmaker Proton, 28 top Proton dealers were taken on a trip to visit Zhejiang Geely Holding Group Co Ltd in China. The 28 Proton’s top sales and service centre owners were both impressed and flabbergasted […]
... written on Feb 12 2018What do number 666, 1175 and 1032 numbers have in common? They’re obviously nice number for punters wishing to strike jackpot at 4D betting outlets. As the Chinese Lunar New Year is around the corner, perhaps placing a small bet on those numbers isn’t a bad idea after all. But in the U.S. stock markets, […]
... written on Feb 09 2018The Friday-Monday stock markets crash should serve a reminder to investors and speculators about the basic fundamental of investing – whatever goes up must comes down – eventually. As experts and economists are now locking horns debating whether the stocks have seen the worst of it, or this could be just the beginning, another commodity […]
... written on Feb 08 2018Where is Donald Trump when we need him the most (*grin*)? Shouldn’t he take credit for the market plunge, the same way he bragged about a bull run under his watch? Obviously even the U.S. president couldn’t stop a flash crash, as what happened on Black Monday. After Friday’s 666 points crash, Monday saw Dow […]
... written on Feb 06 2018The last time the DJIA (Dow Jones Industrial Average) posted a drop of more than 600 points was June 24, 2016, the day after the Brexit vote. So when the U.S. stocks dropped 665.75 points on Friday, there were tons of panicked faces. But generally people were quite calm as if the devilish 666-point plunge […]
... written on Feb 04 2018If you want to do business in China, learn to not only respect the Chinese culture but also recognize the Middle Kingdom’s sovereignty. Foreign companies are learning the hard way that making money in China comes with a price-tag. From user data to military installation, Beijing will get what it wants or else doing business […]
... written on Feb 02 2018For the first time since 1970 – almost 50 years – the United States can loudly tell Saudi Arabia that Americans will never be taken hostage by the Arabs – again. In November 2017, the U.S. oil production rose to 10.038 million barrels a day, 4% more than the previous month. That milestone is slightly […]
... written on Feb 01 2018As the U.S. Treasury Department announced on Monday that it expects to borrow US$441 billion in the current January-March quarter, the largest amount in 8 years, more bad news comes in. The DJIA (Dow Jones Industrial Average) plunged 177.23 points, its biggest drop of 2018 after the 10-year treasury yield shot higher above 2.7% to reach its […]
... written on Jan 30 2018He was the famous billionaire currency trader who broke the Bank of England and made US$1 billion in 1992. But he was also a strong supporter of Hillary Clinton who eventually lost US$1 billion when the stock market skyrocketed after Donald Trump’s stunning victory. He is, of course, the legendary currency speculator, investor, philanthropist, political […]
... written on Jan 26 2018
