Finance and Economy
Stocks dropped like a rock on Monday after China made good on its promise to retaliate – raising taxes on U.S. goods, largely agricultural products. The tariff increase to 25% from 10% on US$60 billion worth of U.S. goods, although smaller in value as compared to Trump’s US$200 billion, was enough to cause damage to […]
... written on May 14 2019Don’t underestimate the power of Trump’s tweets. The U.S. president has shown how the world superpower can destroy the world, or global stock markets to be precise, without launching nuclear missiles. His 102-word tweets erased close to US$2 trillion of the equity markets worldwide after indicating he will hike duties on US$200 billion worth of […]
... written on May 12 2019Stock markets across the world were flabbergasted by President Donald Trump’s tweets on Sunday. Known as the most powerful man on the planet, largely due to the U.S. military power, the post of the U.S. president has brought a new meaning under Trump administration. The U.S. president could easily bring down global stock markets from […]
... written on May 10 2019Huawei’s CFO (Chief Financial Officer), Sabrina Meng Wanzhou, appears to be preparing for a long legal fight against extradition to the United States. The princess of Huawei is ready to move from her C$5 million (US$3.7 million; £2.8 million; RM15.4 million) six-bedroom house to her newly renovated C$13 million (US$9.6 million; £7.4 million; RM40 million) […]
... written on May 10 2019How much do you think coffee house Starbucks is willing to pay for an advertisement worth a staggering US$2.3 billion? Fortunately to the Seattle-based coffee company that operates over 30,000 chains worldwide, it was free advertising over the last few days – thanks to “The Last of the Starks” – the fourth episode of “Game […]
... written on May 08 2019Johor Crown Prince Tunku Ismail Sultan Ibrahim should have kept his mouth shut and let the 93-year-old Mahathir completes his premiership. It would be easier to intimidate PM-in-waiting Anwar Ibrahim than PM Mahathir Mohamad, the old political “war horse”. The junior should know that the old man thrives when challenged, especially from the monarchy. […]
... written on May 07 2019The American stock market has been enjoying its bull run, the longest on record, as the risk of recession begins to dissipate. Investors were relieved that the US-China trade war was about to end – until today. The U.S. market benchmark index – S&P 500 – has gained about 309% since bottoming out at 676.53 […]
... written on May 06 2019For a while, people found comfort in Sultan Ibrahim of Johor as the monarch stepped forward to become the hero against tyrants like PM Najib Razak and extreme organizations like JAKIM. Before the notorious Jakim could strike, the sultan had declared that Christmas festival can be celebrated. During the Red Shirts rally, the sultan ordered (Johorean) racists […]
... written on May 05 2019Indonesia is the world’s fourth largest country by population, the third biggest democracy and the largest Muslim nation. Its population is estimated to hit 269 million this year. That’s 5 million more people than 2 years ago. Yet, the island of Java, where the capital of Jakarta is located, is where the majority of Indonesians live – a whopping 57% or more […]
... written on May 03 2019Bill Gates and Warren Buffett are good buddies. Both are billionaires – Gates is the world’s second richest man (Forbes: US$101.7 billion) while Buffett the third richest man (Forbes: US$89.2 billion). Although Gates owns just over 1% of shares in Microsoft, the software company he founded with Paul Allen in 1975, he remains a board […]
... written on May 01 2019
