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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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July 20th, 2020 by financetwitter
Hitting new records for the wrong reason appears to be the new normal in the U.S. The superpower reported 71,558 new Covid-19 cases on Saturday, making it the second day in a row the nation seen more than 70,000 new infections. According to Johns Hopkins University, the U.S. leads the world in repor [...]
July 17th, 2020 by financetwitter
In response to the National Audit Department’s report revealing that Chinese ships had encroached into Malaysian waters 89 times between 2016 and 2019, Foreign Minister Hishammuddin Hussein proudly claimed that in the 100 days since he took over the ministry, the Chinese vessels have not dared bre [...]
July 16th, 2020 by financetwitter
Do not underestimate the intelligence of the rural Malays, say some people. At the same time, do not overestimate the intelligence of the urban Malays, say others. Perhaps the correct statement should be - do not estimate the emotional intelligence of both rural and urban Malays. That's because the [...]
July 15th, 2020 by financetwitter
One of the most frustrating moments during a shopping trip is the unpredictable amount of time spent at cashier counters. In general, the queue at the checkout lines would be extraordinary long during the end or the beginning of a month. That's when workers or employees get their salary. Towards the [...]
July 13th, 2020 by financetwitter
To avoid the embarrassment of losing a confidence vote in the Parliament, hence forcing him to call for a snap election (even though he can put up a thick skin by refusing to quit), backdoor Prime Minister Muhyiddin Yassin cleverly used today's session, his first since he was sworn in on March 1 (he [...]
July 11th, 2020 by financetwitter
Britain had initially decided in January to allow Chinese telecommunications giant Huawei to play a limited role in its next generation 5G mobile networks. Huawei was restricted from being involved in "core" but allowed to participate in the infrastructure known as the RAN (Radio Access Network) - l [...]
July 10th, 2020 by financetwitter
Even after the collapse of Pakatan Harapan (PH) government, supporters of backdoor "Malay-Muslim" Perikatan Nasional (PN) government continue to bash and incite hatred against DAP (Democratic Action Party), the Chinese-dominated party that was one of four components in the original PH coalition. The [...]
July 9th, 2020 by financetwitter
Vietnam’s first case of Covid-19 appeared on January 23, 2020. As of July 7, the country had 369 confirmed cases, but with zero deaths. Yes, the country of 97-million people has not reported a single Coronavirus-related death. On top of that, the success story also included 81 straight days [...]
July 8th, 2020 by financetwitter
Stocks in China skyrocketed on Monday for the biggest one-day gain since July 9, 2015. The Shanghai Composite jumped 180 points (5.7%), delivering a whopping 12.5% of total gains over the past 5 trading days. It was so mind-boggling that even the U.S. stock market (DJIA - Dow Jones Industrial Averag [...]
July 6th, 2020 by financetwitter
After waiting for decades, Malaysian Islamic Party (PAS - Parti Islam Se-Malaysia) returns to the federal government, albeit not through the ballot-box but rather through the backdoor. Together with Barisan Nasional (BN), who unexpectedly lost power in the 2018 General Election, PAS is now part of [...]
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