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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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May 18th, 2021 by financetwitter
Singapore has reported a total of 38 Coronavirus new cases as of noon today (May 18), including 11 imported cases. Of the 27 community cases, 16 were linked to previous cases or clusters while 11 were unlinked. The country has managed to bring down the daily cases to double digits since August 2010, [...]
May 17th, 2021 by financetwitter
Four years ago, in his attempt to score some cheap political brownie points, then-Defence Minister Hishammuddin Hussein opened his big mouth and proposed something incredibly silly. The cousin of then-Prime Minister Najib Razak, the world's biggest crook, announced that the Malaysian Armed Forces we [...]
May 15th, 2021 by financetwitter
Supporters of Perikatan Nasional coalition have a very peculiar habit of defending the indefensible backdoor government. They do not talk facts and figures. Worse, they would twist and spin even though it does not make any sense. When they fail to argue with you, they would threaten to jail you for [...]
May 13th, 2021 by financetwitter
Weeks ago, as India saw its daily Coronavirus cases skyrocket to more than 250,000, the country received 300,000 Rapid Antibody Test Kits from the Chinese city of Guangzhou. Those test kits, which produce results in just 15 minutes and work on blood samples rather than nasal swabs, were quickly air [...]
May 11th, 2021 by financetwitter
People who thought the now-collapsed Pakatan Harapan was a hopeless U-turn government are now kicking themselves really hard. And people who believed "Sleeping Beauty" Abdullah Ahmad Badawi was out of touch with reality on the ground are now having a second thought. Even former Prime Minister Najib [...]
May 9th, 2021 by financetwitter
Daily Coronavirus new cases hit 4,519 on Saturday after Friday's 4,498, which was then a three-month high. And you can bet your last dollar that very soon the record of 5,728 new infections recorded on January 30 will be broken. For those who believe the government has been suppressing the statistic [...]
May 7th, 2021 by financetwitter
Prime Minister Muhyiddin, as usual, is keeping his elegant silence even after a week since the explosive scandal of Home Minister Hamzah Zainuddin interfering with the promotion and transfer of senior police officers. The fact that it was the outgoing Inspector-General of Police (IGP) Abdul Hamid Ba [...]
May 6th, 2021 by financetwitter
Relations between China and Australia have taken a twist for the worse when Beijing unexpectedly announced that the key economic dialogue with Canberra has been "suspended indefinitely". The decision, made by the National Development and Reform Commission (NDRC), China’s top economic planner, saw [...]
May 5th, 2021 by financetwitter
As predicted, the backdoor government of Muhyiddin has announced yet another half-baked lockdown - MCO 3.0. While people did not expect much from the clueless regime, they were flabbergasted at the deteriorating competency of the ministers involved. Even primary school students could do a better job [...]
May 3rd, 2021 by financetwitter
China and India are the two largest countries in terms of population size. China, the world's most populous nation with 1.44 billion, has just slightly more people than India's 1.39 billion. But on May 1, when most of the world celebrated International Workers' Day, also known as Labour Day, both [...]
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