Finance and Economy
Top oil producers Saudi Arabia and Russia made a joint statement at the G20 summit in China on Monday aimed at stabilizing crude prices. The joint statement was signed by Russian Energy Minister Alexander Novak and Saudi Energy Minister Khalid al-Falih. That alone should convince you to invest in oil immediately. Have you done that? […]
... written on Sep 06 2016During the Low Yat Crisis last year, Prime Minister Najib Razak almost made his dad proud. Like his father’s 1969 bloody racial riots, Malaysia was on a brink of its second racial riot. A phone theft involving 2 young Malays quickly turned into a mini racial riot when hundreds more Malays, instigated by thugs under […]
... written on Sep 03 2016SpacesX – founded by PayPal and Tesla tycoon Elon Musk – saw its Falcon 9 rocket went up in an epic fireball, just like one of those you watched in a James Bond movie. Ironically, Musk (the wizard who inspired the Iron Man movie) tweeted on Wednesday about improvements on Tesla Motors’ Autopilot System. The […]
... written on Sep 02 2016Mexico President Enrique Peña Nieto should not have had invited Donald Trump to Mexico City for a closed-door meeting. Peña Nieto wanted to invite Hillary Clinton but to extend an invitation only to Clinton without one to Trump would tantamount to playing with fire. After all, nobody can guarantee that Trump will not win the […]
... written on Sep 01 2016When China set up a new bank – Asian Infrastructure Investment Bank (AIIB) – less than 2 years ago, world superpower United States wasn’t happy about it. The creation of AIIB on 24 October 2014 in Beijing – aims to support the building of infrastructure in the Asia-Pacific region – was seen as rival to World Bank […]
... written on Sep 01 2016Apple has been ordered to pay up to €13 billion (US$14.5 billion; £11 billion; RM58.8 billion) in back taxes, plus interest, to Ireland after the European antitrust regulators ruled that a special scheme hatched between Apple (stock-code: AAPL) and the Irish tax authorities to route profits through Ireland was considered illegal state aid. The commission said Ireland’s […]
... written on Aug 30 2016After more than 2 months Britons voted to leave European Union for real, there’re still tons of people who couldn’t accept the reality. Those who had initially prepared to scream “I told you so” in anticipation of a global economy meltdown due to Brexit are still waiting for the sky to fall. Clearly, they have […]
... written on Aug 30 2016Worth a staggering US$31.8 billion, Li Ka-shing is the World’s No. 20 richest man on planet Earth, according to Forbes. Although he’s just two notches away from comrade Wang Jianlin, whose wealth is at US$34.4 billion, Mr. Li is still Hong Kong’s richest man. The high school drop-out is also called “Superman” because of his […]
... written on Aug 24 2016Soros doubled his bet against the S&P 500, and owned 2.1 million put options on the SPDR S&P 500 ETF. That was according to the U.S. regulatory filings 13-F back in the first quarter of 2016. In the same filings with the U.S. Securities and Exchange Commission shown on Monday, the billionaire bought another 1.9 million […]
... written on Aug 16 2016United States presidential election 2016 is not merely about Donald Trump calling Hillary Clinton of having a “short-circuit in the brain” or Clinton accusing Trump of being unfit to become a president. Regardless of who gets elected to the White House, it would impact American business owners and individuals, one way or another. According […]
... written on Aug 13 2016
