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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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October 25th, 2020 by financetwitter
At the 17th annual meeting of the Valdai Discussion Club, Russian President Vladimir Putin said a Russia-China military alliance could be forged, but for now, there is no need. Speaking during a video conference on Thursday, Putin's suggestion is a concept similar to the western military alliance NA [...]
October 23rd, 2020 by financetwitter
A week ago, we published an article about how backdoor Prime Minister Muhyiddin Yassin, in his last resort to cling to power, may use Coronavirus as an excuse to suspend the Parliament to enable him to rule with absolute power (read here). Today (Oct 23), Muhyiddin rushed to Kuantan, Pahang, to meet [...]
October 22nd, 2020 by financetwitter
The IMF has painted a gloomier picture for Asia. On Wednesday (Oct 21), the International Monetary Fund revealed Asia’s economic contraction this year will be worse than previously thought. In its latest Regional Economic Outlook report for Asia and Pacific, the IMF predicts the region's economy [...]
October 21st, 2020 by financetwitter
With just hours before a sudden "government order" goes into effect on Oct 22 for all managerial and supervisory employees to work from home, the already confusing movement control order (CMCO) 2.0 has gotten even more confused. The new condition appears to be introduced hastily on top of the CMCO 2 [...]
October 20th, 2020 by financetwitter
We had said this before and we'll repeat again - Coronavirus cases will breach the 1,000 figure very soon and more people will die. And the blood is on backdoor Prime Minister Muhyiddin Yassin's hands. The statistics and data don't lie. In fact, due to his lust for power, Muhyiddin is responsible fo [...]
October 19th, 2020 by financetwitter
The Thanksgiving holiday is around the corner. Dr. Anthony Fauci, the top US infectious-disease expert, said Americans must "sacrifice" it if they hope to prevent another surge of Covid-19 cases. The White House Coronavirus advisor said during an interview with CBS News that his kids won’t be c [...]
October 17th, 2020 by financetwitter
A junior secondary school student was happy that the weekend has finally arrived. She wanted to join her parents for a short shopping trip to a nearby supermarket. After all, the school is closed and she was tired being trapped at home attending online classes. To her horror, her parents said she ca [...]
October 17th, 2020 by financetwitter
Australia's economy officially plunged into recession in September after it registered two consecutive quarters of negative growth. Its GDP (gross domestic product) shrank 7% in the April-to-June quarter compared to the previous three months. Not only this is Australia's first recession in nearly 30 [...]
October 16th, 2020 by financetwitter
Backdoor Prime Minister Muhyiddin Yassin is incredibly panicked. His blue-eyed boy, gay Senior Minister Azmin Ali, and Home Minister Hamzah Zainudin are running around like a headless chicken. They finally realized that opposition leader Anwar Ibrahim was not bluffing and has the majority Member of [...]
October 15th, 2020 by financetwitter
If you think an effective vaccine for Covid-19 will be available before Christmas this year, you would be disappointed. Unless you don't mind trying Russian-developed vaccine - "Sputnik V" - which is already available, a United States FDA-approved vaccine won't happen until next year. The virus is s [...]
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