Investing & Trading
HSBC is still undecided if they should move headquarters to Hong Kong, after months of meeting, brainstorming and consideration. The Europe’s largest lender, however, has decided something for the year 2016 – to freeze hiring and salaries – globally. An email sent to HSBC employees on Friday detailing the latest cost-cutting has apparently leaked to […]
... written on Feb 01 2016During the 1997-98 Asian Financial Crisis, then-Prime Minister Mahathir Mohamad went berserk and accused everyone except himself for bankrupting corporations in Malaysia. He tried to bailout his cronies, including his own eldest son Mirzan Mahathir’s Konsortium Perkapalan Bhd which had accumulated RM1.6 billion in debt. But there wasn’t enough money to go around. Outrages, Mahathir […]
... written on Jan 27 2016He’s worth a staggering US$24.5 billion (£17.23 billion; RM106.37 billion) based on Forbes’ estimation. He survived the Nazi-occupation of Hungary and fled the regime as a refugee for 15-years hence he has a soft spot for refugees currently flocking to the European Union. He worked as a railway porter and waiter in London before becoming […]
... written on Jan 22 2016China announced on Tuesday that its 2015’s economy grew 6.9%, matching economists and analysts’ expectation. The problem is nobody believes the Beijing-endorsed figures. That wasn’t the real economy – argue investor, economist, analyst and specialist. China has simply cooked a number that people wanted to see and hear. Instead, they believe China’s National Bureau of […]
... written on Jan 20 2016Are you in the oil and gas (O&G) industry? If you’re, then you should know that your job is on the line. Once a prestigious job where the pay, bonus and perks were the envy of your schoolmates, jobs with giant O&G company aren’t that secure anymore. British BP announced plans on Tuesday to slash […]
... written on Jan 13 2016David Bowie, the legendary British rocker, died Sunday after an 18-month battle with cancer. Aged 69, he died 2-day after his birthday, when his album “Blackstar” was released. Bowie’s son, Duncan Jones, tweeted to confirm the news. His new album includes the song “Lazarus,” which begins with the words – “Look up here, I’m in heaven.” If […]
... written on Jan 12 2016Gas at US$2 was what people were screaming and hoping for last year. Today, the average price of gasoline in the United States is below US$2 a gallon, or US$1.967 / gallon to be precise. While some Americans, depending on their geographical location, are rejoicing over the lower gasoline price, some are betting and praying […]
... written on Jan 11 2016First, the good news – China didn’t use the word “devaluation” like it did back in August 2015. The bad news – China secretly devalues its Yuan / Renminbi and as a result everything you could think of – stock markets, currency exchange and even oil prices – is going haywire. China’s central bank […]
... written on Jan 07 2016According to Chinese astrology, 2016 is the Year of the Fire Monkey where the Lunar New Year or Chinese Spring Festival will be celebrated on Feb. 8, 2016. Technically, it is still the Year of the Sheep until Feb. 7, 2016. But it seems the mischievous monkey couldn’t wait and has started playing with fire. If […]
... written on Jan 04 2016For the first time in 40 years, a ship loaded with U.S. crude oil set sail for foreign shores Thursday. The mission: to sell the black gold to an international trading company Vitol Group, a Dutch oil-trading powerhouse. The Bahamian oil tanker – Theo T – departed from the Port of Corpus Christi, about 160 miles […]
... written on Jan 04 2016
