Finance and Economy
The Big Mac index was invented by “The Economist” in 1986 as a creative way of measuring purchasing power parity (PPP) between two currencies. Using McDonald’s Big Mac hamburger as the index, it provides a fun way of telling if a currency is undervalued or otherwise. For example, the average price of a Big Mac […]
... written on May 13 2015With Russia still struggling after the collapse of oil prices, Putin administration needs to keep his people happy while feeding his expanding military forces. Although the oil prices have recovered ever since, it’s still too far away from the peak of US$110 a barrel. Putin wants his people to forget about the economic problem – […]
... written on May 12 2015By-elections for Rompin and Permatang Pauh have come and gone. As expected, both winners and losers claimed they didn’t lose, literally speaking. Barisan Nasional “Taikors” who retains Rompin seat said the results are positive to them. Pakatan Rakyat “Taikors” who retains Permatang Pauh seat said the results means Malaysian Tsunami is coming. Nobody admits that the results […]
... written on May 09 2015The rivalry between Barcelona’s Lionel Messi and Real Madrid’s Cristiano Ronaldo has dominated the back-page headlines across the world for as long as soccer fans can remember. Both players are regarded as the best players of all time in the world of soccer. They are so good that you can bet your last penny that each of them will […]
... written on May 07 2015Oil is back!! Oil is going bonkers!! Oil is going through the roof!! West Texas Intermediate (WTI) keeps hitting new high almost everyday since mid-April this year. From the low of US$42 a barrel, it’s now trading at US$60.86 a barrel. That’s roughly 43% rally in less than 2-months. Still, nobody dares to say the […]
... written on May 06 2015McDonald’s is in trouble, as far as investors and consumers are concerned. Wall Street isn’t lovin’ McDonald’s latest turnaround effort, while consumers aren’t lovin’ McDonald’s boring food. Its shares closed down 1.7% at US$96.13 a pop on Monday. Two months into the job, CEO Steve Easterbrook admits the “urgent” need to “reset” the business. Such […]
... written on May 05 2015Freddie Gray, a 25-year-old African American, was taken into custody by the Baltimore Police Department for possession of a switchblade. He died in police custody a week after being arrested. Claimed to be in good health at the time of his arrest, Mr Freddie later sustained injuries to his spine and larynx. Six police officers have been suspended (with pay) […]
... written on Apr 30 2015Who would have thought Twitter’s quarterly earnings result could leaked, on its own platform? Twitter’s earnings for the first-quarter of the year was bad, but not as horrible as how it was leaked earlier than it’s supposed to be, when Selebrity, a company that provides financial intelligence service, tweeted the results at 3:07 p.m. ET, […]
... written on Apr 29 2015Nepal’s death toll from a Saturday’s magnitude 7.8 earthquake has jumped to more than 3,729 with official figure for the injured stands at 6,944 (and counting). UNICEF estimates close to a million children have been “severely affected” by the disaster. The earthquake, the worst in the country since 1934 when 10,000 died, has made hundreds […]
... written on Apr 27 2015Navinder Singh Sarao was a 36-year-old British futures trader, just like any other traders trying to make money. But the Brunel University graduate is now spending his weekend in British jail after failing to up his £5 million (US$7.6 million, RM27.1 million) bail bond. He was arrested this week at the modest suburban semi in […]
... written on Apr 26 2015
