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In a move widely anticipated by Wall Street, the Federal Reserve unanimously raised its benchmark interest rate by a quarter percentage point – with a possibility of one more increase in the cards before year-end. Effectively, the rate hike moves the central bank’s target range on the overnight
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For months, many investors had viewed the 4.5% yield on the benchmark 10-year note as an attractive point to step in and buy bonds. But as yields surged through that level, market participants adjusted their view and opinion. Analysts and economists then believed that the 10-year yield was headi
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On the day the United States remembered the terrorist attacks 25 years ago, Malaysia was almost hit by a huge explosion on September 11 – a sudden release of Najib Razak from jail. Currently in Kajang Prison, Najib was scheduled to complete his term only on Aug 23, 2028 after securing a part
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Brent, the international benchmark, jumped above US$99 a barrel on Tuesday (Sept 8) - the highest since July - after Iran-backed Houthi militants in Yemen conducted strikes on energy infrastructure in Saudi Arabia. The oil prices also jumped as a result of retaliation from the U.S. that d
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Don’t criticize UMNO-Malays as we need their votes in the next general election - Anwar Ibrahim told Anthony Loke Siew Fook, the secretary-general of Democratic Action Party (DAP) who gladly obliged after Anwar-led Pakatan Harapan (PH) coalition formed a unity government with UMNO-led Barisan Nas
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Donald Trump hails “historic” deal for the U.S. to control 65 billion barrels of Venezuela's oil, which critics slammed as a deal made at “gunpoint”. Of course, the U.S. has denied that the energy deal, which the U.S. president bragged as “the biggest oil deal in world history”, is an e
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Despite approval rating hitting 32%, Donald Trump’s worry isn’t about re-election or the Iran war. Instead, the U.S. president, whose second-term has seen the Dow Jones, S&P 500 and Nasdaq rallied 57%, 70%, and 142% respectively, is deeply worried about a stock market crash. After all, he h
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A day before former human resources minister M Saravanan was charged on Friday (August 28) with receiving bribes amounting to RM1.097 million to approve foreign worker quotas, he publicly trumpeted how he had written to Prime Minister Anwar Ibrahim on Wednesday about what he called the Malaysian An
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Everybody from teachers to retirees joined South Korea’s stock market frenzy, betting prices would rise forever. Samsung Elecronics share price was up by 320% in June 2026 – a staggering jump from October 2025. In the same period of nine months, SK Hynix jumped by 710%. KOSPI Composite Index sk
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Wall Street's massive data edge is evaporating. The elite technology that once required a multi-million-dollar quantitative setup, dedicated server rooms, and teams of PhD mathematicians is now sitting on consumer laptops. This isn't about magical market forecasting or finding a flawless crystal ba
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July 25th, 2021 by financetwitter
With a daily vaccination rate of 507,050 doses recorded on Thursday (July 22), Prime Minister Muhyiddin Yassin did not waste any time in taking credits. After all, with plunging popularity due to his mishandling of Covid-19 pandemic and mismanagement of the economy, it would be foolish to let go of [...]
July 23rd, 2021 by financetwitter
Australia has officially complained to the World Trade Organisation (WTO) last month that China's huge slap - as high as 218.4% tariff - on the country's wine industry has done "serious harm". Trade Minister Dan Tehan had even offered a hilarious reason. He said Australia was forced to file the disp [...]
July 22nd, 2021 by financetwitter
Hundreds of Muslims, mostly migrant workers and refugees, had formed a huge crowd outside a "surau" in Taman Pelangi, Juru, Bukit Mertajam, on Tuesday morning (July 20). While there's nothing wrong with holding Aidiladha prayers, there were two issues with the event. First, they were doing it on a r [...]
July 20th, 2021 by financetwitter
Using electro-magnetic force, a maglev train "levitates" above the track with no contact between body and rail. The term "maglev" itself is derived from "magnetic levitation". Some engineers called it the floating trains. These trains basically float over guideways using the basic principles of magn [...]
July 19th, 2021 by financetwitter
May 29, 2021 was one of the biggest turning points in Malaysia. It was the day the country recorded a whopping 9,020 daily Covid-19 cases in the past 24-hour period, then the highest infections since the Coronavirus outbreak last year. And it was because of the infections that Prime Minister Muhyidd [...]
July 18th, 2021 by financetwitter
Ahead of the end of lockdown restrictions in England on Monday (July 19), the government of Boris Johnson declared that it had hit its target of offering every adult in the country a Covid-19 vaccine. Popularly known as the Freedom Day, British Prime Minister Johnson has adopted a "big bang approach [...]
July 16th, 2021 by financetwitter
When the police announced last year that the crime rate almost halved (dropped 49.1% from March 18 to May 5, 2020), it wasn't hard to believe the authorities. After all, it's not rocket science that when people were confined to homes during the first MCO 1.0 lockdown, with the government's financial [...]
July 15th, 2021 by financetwitter
In 2017, scientists and researchers wanted to develop a single vaccine against all types of Coronavirus. However, the ambitious proposal was given a low priority at the National Institute of Allergy and Infectious Diseases (NIAID). That's because at the time, no one had proven a vaccine could stop e [...]
July 13th, 2021 by financetwitter
Two days ago, once-celebrity Health Director-General Dr Noor Hisham Abdullah said the Health Ministry expected the country's daily Covid-19 to stabilize and show a decline in the next one to two weeks' time. It was Sunday (July 11) when he made his statement, the day Malaysia reported 9,105 infectio [...]
July 12th, 2021 by financetwitter
Does the clueless and incompetent Muhyiddin government know what it is doing after more than 15 months fighting the Covid-19 pandemic? Malaysia is the only country in the world that has declared an emergency as well as locking up the Parliament under the pretext of fighting Coronavirus, but fails ev [...]
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