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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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March 19th, 2021 by financetwitter
Managing the losing trades is the most critical step in the Forex market. Being a new trader, you might not have the emotional stability to deal with series of losing trades. You will become emotional and try silly things to recover the losses. At times, such actions will help you to cover up the lo [...]
March 18th, 2021 by financetwitter
As U.S. Secretary of State Antony Blinken sought to use his first trip abroad to shore up Asian alliances on Wednesday, he blasted China for using “coercion and aggression” in the South China Sea. Washington accused Beijing of trying to bully neighbours with competing interest. His visit to Japa [...]
March 17th, 2021 by financetwitter
The increase of penalty for any breach of the SOPs (standard operating procedures) under the current lockdown - from RM1,000 to RM10,000 - might be just some loose change to Prime Minister Muhyiddin and his super bloated Cabinet of 72 ministers and deputy ministers. But to the ordinary people on the [...]
March 16th, 2021 by financetwitter
If the year 2020 was a bad year where everyone was waiting for Coronavirus vaccine, this year isn't that much difference, despite the vaccines within reach. As a start, the so-called "best vaccines" with highest efficacy produced by Western countries have been snapped up by rich nations, often many [...]
March 15th, 2021 by financetwitter
Democratic Action Party (DAP) won 42 seats in the Parliament in the May 2018 General Election. Today, those seats remain unchanged. National Trust Party (Amanah) captured 11 seats and it too still maintains its MPs. The People's Justice Party (PKR), on the other hand, had grabbed the lion's share - [...]
March 13th, 2021 by financetwitter
Claiming fake news, Trump declared on Nov 2020 that "he won" the 2020 Presidential Election. Yet, two months later, he started packing and it was game over. Was it Trump, who spread fake news himself about winning the election, when the so-called fake news that he had lost turned out to be real news [...]
March 12th, 2021 by financetwitter
Close to a dozen European countries have suspended the Coronavirus vaccine developed by AstraZeneca and the University of Oxford following reports of severe blood clots in some people who have received doses. Yesterday (Thursday, 11 March), Denmark, Norway and Iceland announced they will temporarily [...]
March 11th, 2021 by financetwitter
Everyone would be eager to follow Muhyiddin Yassin and his entourage to Saudi Arabia for obvious reason. A free trip to the kingdom of the Custodian of the Two Holy Mosques would provide not only an opportunity to visit the Kaabah and other Islamic places, but also to perform "Umrah". So, why didn't [...]
March 10th, 2021 by financetwitter
Karma is a bitch, as the saying goes. Now that Pakatan Harapan (PH) coalition has reverted to its previous role as the Opposition, thanks to traitors like Muhyiddin Yassin and Azmin Ali, the pressure is on the ruling Perikatan Nasional (PN) government to retain its power. And it appears the backdoor [...]
March 9th, 2021 by financetwitter
Bahrain has already introduced it. The United States and the United Kingdom are still considering it, while the European Union is working on it. Yes, travellers will soon have to add a new item to their travel list, without which they may not be allowed to fly. Besides air ticket, money and passport [...]
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