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Malaysian authorities are facing a scandal over debts allegedly exceeding US$1 billion (euro750 million) incurred by the country’s main port authority, sparking concerns about a possible government bailout – reported AP. The fact that this scandal, which could be the biggest bailout since Badawi took over the premiership in 2003, caught the headline from external […]
... written on Aug 21 2007While most investors were cracking their head on what should be their next step in the current mini economic crisis in U.S., one person is grinning with smile. Such crisis actually presents an opportunity for those who are contrarian in their investment methodology. But such method is not for everyone, at least not for those […]
... written on Aug 21 2007Kuala Lumpur Stock Exchange saw some “bargain hunting” today and there’s a reason I used that word. Analysts have been using “bargain hunting” as a mean to tell you to buy some, probably 20% of what you would normally buy in a “normal” day. And it normally associated with the period after the stock markets […]
... written on Aug 20 2007With the exception of China, almost all the stock markets worldwide depend very much on U.S. Wall Street. The Wall Street in turns depends on the internal American’s economy data of which depends on one person who set the tune of the financial pulse. This person is said to be more powerful than the President […]
... written on Aug 20 2007Slightly more than 12 hours a go, FinanceTwitter blogged that the investors should “Get Ready for Asian Black Friday” as the U.S.’s Countrywide Financial Corp decision to borrowed $11.5 billion from a group of 40 banks would be used as the scape-goat by investors to further punish the stock markets. And looking at the steep […]
... written on Aug 17 2007More bad news hitting the Wall Street again on Thursday. Countrywide Financial Corp., the nation’s largest mortgage lender said it had borrowed $11.5 billion from a group of 40 banks to fund loans in a move that shows just how deep the lending crisis has become – reported AP. Countrywide shares fell $5.14, or more […]
... written on Aug 16 2007This is not something new but rather to re-confirm the market’s expectation of the next subsequent steps to be taken by EPF (Employees Provident Fund) after it successfully or forcefully acquired Rashid Hussain Bhd (KLSE: RHB, stock-code 1309) of which its jewel in the form of RHB Bank attracted numerous players, both local and abroad. […]
... written on Aug 16 2007Asian stocks tumbled today, Thursday, heading for their biggest daily fall since the attacks on the United States in September 2001, as persistent fears about a global credit squeeze sapped investor appetite for risky assets. The latest scare was set off by worries that Countrywide Financial, the largest U.S. mortgage lender, could face bankruptcy if […]
... written on Aug 16 2007The plan and proposal by the Securities Commission (SC) to introduce new rules that will make it mandatory for companies to choose from a select group of accounting firms when they submit rescue plans and initial public offerings (IPOs) would be a positive move to instill confidence lost from the recent accounting irregularities. However the […]
... written on Aug 16 2007Sometimes thing will never change for the better if the cancer-cells never removed. Worst still when a national-status company couldn’t recognize the basic flaw in its designing methodology and production. Days before the country’s 50th Independence celebration, Proton Holdings Bhd (KLSE: PROTON, stock-code 5304) today launched the so-called new model, Proton Persona. But somehow I […]
... written on Aug 15 2007
