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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 14th, 2020 by financetwitter
Anwar Ibrahim's meeting with King Sultan Abdullah today has created more questions than answers. Earlier on September 23, the opposition leader called a press conference and made an explosive announcement - he had in his possession the majority Member of Parliaments required to topple the backdoor g [...]
October 12th, 2020 by financetwitter
Working from home may sound like a great idea, especially during the present Coronavirus climate. To employees or workers, they could avoid the commute, get more sleep, be more productive and live a happier and more balance work-life. To employers or companies, they could cut office space, save on o [...]
October 12th, 2020 by financetwitter
You know the time is really bad when new stalls spring up like mushrooms in your neighbourhood. The sight of stalls selling "nasi lemak", fruits, homemade buns and cakes, cookies, and even face masks by the road side to earn some extra money could only mean one thing - people were struggling to make [...]
October 9th, 2020 by financetwitter
China-U.S. relations over the next four years will depend on the outcome of the coming November presidential election, which is less than 30 days away. Therefore, whether the American voters realize it or not, they will not only decide the next president of the U.S., but also the future of China-US [...]
October 9th, 2020 by financetwitter
Opposition leader Anwar Ibrahim has finally secured an audience with the Malaysia's monarch next Tuesday (Oct 13). Known as the Yang di-Pertuan Agong, King Sultan Abdullah has made the right decision, not that he has any choice, by not dragging his feet anymore. The matter needs a resolution after h [...]
October 7th, 2020 by financetwitter
Facing a backlash for creating a new wave - Third Wave - of Coronavirus infections, Muhyiddin Yassin was forced to do some damage control. His speechwriter must have thought the backdoor prime minister could once again hoodwink the simple-minded and ignorant Malay voters by flashing his trademark "A [...]
October 6th, 2020 by financetwitter
If you think the current Coronavirus infections are bad, wait until you hear the "best estimates" from WHO. Mike Ryan, the World Health Organization's emergency operations chief, told the global agency's executive board on Monday - "Our current best estimates tell us that about 10% of the global pop [...]
October 5th, 2020 by financetwitter
When opposition leader Anwar Ibrahim claimed on September 23 that he has in his possession the majority Member of Parliaments required to topple the backdoor government of Prime Minister Muhyiddin Yassin, not everyone took the threat seriously. After all, Mr. Anwar had cried wolf before - about 12 y [...]
October 4th, 2020 by financetwitter
Trump, 74, and first lady Melania Trump, 50, have both tested positive for Covid-19. A feverish and fatigued President Trump was flown to a military hospital - Walter Reed National Military Medical Center - on Friday night where he is being given Remdesivir therapy. Now there's concern that the Whit [...]
October 2nd, 2020 by financetwitter
Since he was sworn in as the 8th Prime Minister of Malaysia on March 1, Muhyiddin Yassin and his supporters have been bragging that the backdoor government had done an excellent job containing the Covid-19 outbreak, despite the contrary. They blamed the previous Pakatan Harapan government for the ou [...]
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