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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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April 1st, 2021 by financetwitter
A week ago, U.S. President Joe Biden said he would prevent China from passing the United States to become the most powerful country in the world. It doesn't matter that history has proven that China had never invaded or colonized other countries or territories, unlike the European colonialism or the [...]
March 31st, 2021 by financetwitter
Something must be wrong on Monday when CDC Director Dr. Rochelle Walensky went off script and made an emotional plea to Americans amid fears of a fourth wave. Speaking during a White House briefing Dr. Walensky said - "We have so much to look forward to, so much promise and potential of where we ar [...]
March 31st, 2021 by financetwitter
Managing an international business has become quite complicated over the past year due to the world pandemic. Businesses are faced with the challenges of travel and movement, as well as importing and exporting goods at a timely pace. Here are some of the best ways to keep your international business [...]
March 29th, 2021 by financetwitter
Ahmad Zahid Hamidi, the president of the United Malays National Organisation (UMNO), has spoken - the party will not work with opposition leader Anwar Ibrahim, Democratic Action Party (DAP) or Parti Pribumi Bersatu Malaysia (Bersatu or PPBM) in the next general election. He declared - "There are no [...]
March 26th, 2021 by financetwitter
On Friday (March 26), China's Ministry of Commerce announced that import duties between 116.2% and 218.4% will be imposed on Australian wines effective Sunday (March 28). The massive tariffs arrived after the ministry concluded that domestic wine industry had been hurt by the dumping of cheap Aussie [...]
March 25th, 2021 by financetwitter
If you boycott Xinjiang cotton, we'll boycott you - said an internet user. That angry Chinese consumer is just one of 1.4 billion consumers in China who has started a nationwide boycott of Swedish fashion giant H&M. However, the attack against the world's second-largest clothing retailer was fir [...]
March 24th, 2021 by financetwitter
On 10 Nov, 2011, IBM Corp revealed it would invest RM1 billion over a six-year period to build its Global Delivery Centre (GDC) in Cyberjaya. Ramanathan Sathiamutty, managing director for IBM Malaysia, reportedly said the new centre was expected to create 3,000 jobs to service its clients around [...]
March 23rd, 2021 by financetwitter
On Monday (March 22), the United States, United Kingdom, European Union and Canada imposed sanctions on some Chinese officials for human rights abuses in Xinjiang region. The move was part of a coordinated action against Beijing by the U.S. and its allies under newly crowned U.S. President Joe Bid [...]
March 22nd, 2021 by financetwitter
By now, it's safe to say that the fragile and desperate backdoor government of Perikatan Nasional under Muhyiddin regime will most likely lift the current interstate travel restriction in May. This is to allow the Malay Muslims in the country to return to their hometown, otherwise known as "balik ka [...]
March 19th, 2021 by financetwitter
Steven Jenkins should realize that Bruce Lee was born in San Francisco back in 1940. Even though the martial art master died close to 50 years ago, the 39-year-old racist Jenkins should be aware that Chinese-Americans are not necessarily easy meat. When he tried to attack an 76-year-old Chinese gran [...]
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