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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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February 20th, 2021 by financetwitter
Immediately after independent Malaysian news portal MalaysiaKini was found guilty of contempt and fined RM500,000 by Federal Court, the country's highest court, the online news portal swung into action - seeking public's help to raise the money. The exorbitant fines must be paid within 3 working day [...]
February 18th, 2021 by financetwitter
As expected, Rosmah Mansor, the despicable wife of disgraced Najib Razak was ordered today by the High Court to defend herself in corruption involving a RM1.25 billion project for the supply of electricity to 369 rural schools in Sarawak. And there's a good reason why she burst into tears. She was [...]
February 17th, 2021 by financetwitter
Treasury Wine Estates is the world's largest listed winemaker with total revenue of A$2.88 billion in 2019. The Australian company, with a market value of US$7.32 billion, operates in Australia and New Zealand, the Americas, Asia, Europe, Middle East and Africa. Headquartered in Melbourne, Treasure [...]
February 15th, 2021 by financetwitter
One of the funniest skills possessed by Malaysian prime ministers is their perception that they can insult peoples' intelligence, especially the minority ethnic. In early 2013, a few months before the 13th General Election, PM Najib Razak dressed in a red Chinese costume and was beating the drum lik [...]
February 13th, 2021 by financetwitter
Finance Minister Zafrul Abdul Aziz previously said that he expected the Malaysian economy to shrink by 4.5% in 2020, despite the Coronavirus pandemic. To paint a rosy picture, the government had even said at one point that the economic growth would be just -3.5%. As usual, the clueless finance minis [...]
February 10th, 2021 by financetwitter
South Africa has recorded almost 1.5 million Coronavirus cases and more than 46,000 deaths since the pandemic began. And it has bought 1.5 million doses of vaccine from British pharmaceutical AstraZeneca for healthcare workers. The vaccination is scheduled to start this week, when the country sudden [...]
February 9th, 2021 by financetwitter
Oops! The backdoor government did it again. And it's fun to read how the pro-Perikatan Nasional supporters squirm with yet another double standards adopted by the Muhyiddin Yassin government. After the initial excitement for a Malay-Muslim government, more and more Malays have realized - to their ho [...]
February 8th, 2021 by financetwitter
It's the same old pathetic drama that has been used for more than 60 years. First, the government would take away something from you using some of the silliest excuses or justifications. Then, upon public backlash, which they had anticipated, they would return it to you and voila, people would appla [...]
February 6th, 2021 by financetwitter
The "Reunion Dinner" takes place on Chinese New Year's Eve, which falls on Feb 11 this year. This is the most important day in the 16 days of the festival. The Chinese community looks forward very serious to this day. Even if they have to work on this particular day, they will rush for the dinner - [...]
February 5th, 2021 by financetwitter
In early January, 2021, Indonesian scientists have developed a simpler way to detect Coronavirus in less than 2 minutes. Meet "GeNose" C-19, a breathalyzer device that uses artificial intelligence (AI) in the form of an "electronic nose to smell" Covid-19. The test is like a dog sniffing for element [...]
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