Government
One day after the Russian central bank dramatically raised its key interest rate to 17% from 10.5%, Apple today halted online sales of its products in the country due to “extreme” Ruble fluctuations. The latest stunt by Putin administration didn’t work. In fact, the whopping 650-points increase in interest rate only worsen the situation. The Ruble simply […]
... written on Dec 17 2014Russia is in deep trouble. Vladimir Putin administration is in deep shit. And the country is in panic mode, judging by a surprise announcement just before 1:00 a.m. in Moscow. The Russian central bank unexpectedly raises its key interest rate to 17% from 10.5%, effective today. The move was the largest single increase since 1998, when Russian rates […]
... written on Dec 16 2014Six months ago in June, Crude Oil WTI was traded at above US$105 a barrel. In case you’re wondering, WTI (West Texas Intermediate), is the benchmark for Texas light sweet oil. About 6-months later today, the same crude oil is trading at US$57.50 (as of time this article is being drafted), losing more than 45% […]
... written on Dec 15 2014Denmark is one of the top countries to retire. We suppose you already knew that. Denmark also consistently tops international rankings as the happiest nation in the world. And the reason why the Danes are so happy has something to do with the genes, as revealed by the University of Warwick recently. In a nutshell, […]
... written on Dec 12 2014Soon, courier services will be out of business and their employees will be out of job. That’s because Amazon, U.S. largest Internet-based company, will deploy thousands of drones in delivery service. Amazon announced proposals for a drone delivery service called Amazon Prime Air in December 2013. The company’s supremo – Jeff Bezos – wants to […]
... written on Dec 10 2014Everyone was hoping for it to happen, but certain governments were praying it won’t materialise. We’re talking about global crude oil prices. The subject on petrol or gasoline is definitely going to dominate the news until it stabilises. It could make or break a country’s economy, especially when the country depends very much on petroleum […]
... written on Dec 05 2014Remember how Malaysian prime minister Najib Razak praised the ISIL / ISIS barbarians to the sky not many moons ago? Well, fortunately for him, he didn’t sign up as one of thousands of foreign jihadists in Syria. We’re not talking about PM Najib not getting his reward – 72 virgins in heaven – in an […]
... written on Dec 03 2014Does Mobile Air ring a bell? No? How about Jover Chew? Jover who? Never mind, how about Singapore Sim Lim Square? Ahh, the notorious electronic goods and services centre which even Singapore authorities have problem cleaning up, or rather refuse to clean up, ever since its establishment in 1987. Sim Lim Square, or simply SLS, is […]
... written on Dec 02 2014Some important commodities are being whacked as we enter the month of December. Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, resulting in the glittering metal tumbled more than 2% at one point to US$1,142.90 per ounce. Copper also fell to as low as $6,230.75, breaching below its March low to hit its […]
... written on Dec 01 2014Mahathir Mohamad told UMNO delegates to be brave and openly criticise PM Najib Razak. But when he was the Malaysian prime minister from 1981 – 2003, anybody who criticised him would be dealt severely. Abdullah Badawi told UMNO delegates to manage the country fairly for the advancement of all races. But do you know that during […]
... written on Nov 28 2014
