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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 1st, 2021 by financetwitter
Backdoor Prime Minister Muhyiddin Yassin appears to be ready to announce yet another half-baked MCO lockdown next week. Mr Muhyiddin, or his real name Mahiaddin, said the government is reviewing the movement control order (MCO) as the Coronavirus daily new cases jump to above 3,000, despite declarin [...]
May 1st, 2021 by financetwitter
We will remember 2020 as the year that turned the whole world upside down. When in March that year the globe got immersed in the first wave of the pandemic, stock markets collapsed. Compared to the beginning of 2020, the S&P 500 index lost 30% of its price, while the WTI price dropped to negativ [...]
April 30th, 2021 by financetwitter
Ministers or politicians who think the worst is over and this year will be the end of Coronavirus pandemic are either naive or clueless about science. The worst part is when some high-ranking officials of Ministry of Health help an incompetent government to hide and manipulate data of Covid-19 cases [...]
April 29th, 2021 by financetwitter
Last month (March 26), China's Ministry of Commerce officially announced that import duties between 116.2% and 218.4% will be imposed on Australian wines. The ministry concluded that domestic wine industry had been hurt by the dumping of cheap Aussie wine. To make matters worse, Beijing decided that [...]
April 28th, 2021 by financetwitter
As American colleges struggle financially due to declining enrolments during the Coronavirus pandemic, the Biden administration finally decided on Monday to ease travel restrictions on Chinese and other international students into the United States. Chinese students, whose academic programs begin on [...]
April 27th, 2021 by financetwitter
In the 2018 General Election, UMNO-led Barisan Nasional (BN) won only 8 state seats while PAS grabbed a whopping 37 seats in Kelantan. Opposition Pakatan Harapan was totally wiped out. After learning that PAS had won big, Mohd Hafeez, a 42-year-old diehard Parti Islam Se-Malaysia (PAS) supporter ki [...]
April 26th, 2021 by financetwitter
Even at its peak in September 2020, new cases of Coronavirus in India had never hit above 100,000. And for the next 6 months, it appeared the country had managed to flatten the curve when new cases were reduced to about 10,000 a day. In comparison, the U.S. new daily cases hit 3 times that of India [...]
April 23rd, 2021 by financetwitter
Rich countries, including the U.S., U.K., EU, Japan, Norway, Canada, Australia and Switzerland, have been actively blocking a proposal to boost the global production of Covid-19 vaccines. The proposal, which was jointly submitted by India and South Africa in October 2020, would temporarily waive int [...]
April 22nd, 2021 by financetwitter
When the Chinese government left planeloads of $2 million worth of Australian lobster to rot on a Shanghai tarmac last November, it was a signal that the hostility between both countries could only get worse. The shipments had experienced Customs clearance delays because the Chinese authorities were [...]
April 21st, 2021 by financetwitter
When backdoor Prime Minister Muhyiddin Yassin visited the Ramadan bazaar in Putrajaya a couple of days ago, an embarrassing incident had happened. But the government-controlled news media did not or refused to report it for obvious reason. How could they publish a humiliating episode, which occurred [...]
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