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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 30th, 2020 by financetwitter
Worldwide, the number of confirmed Coronavirus cases is reaching 700,000 with more than 30,000 deaths. And one-third of the death toll came from Italy. With 10,023 deaths from the Covid-19, Italy continues to lead the chart with Spain at second place (6,606 deaths). At the same time, the number of c [...]
March 29th, 2020 by financetwitter
Five days ago (March 23), Senior Minister Ismail Sabri Yaakob confirmed the public's suspicion - the police was still tracking down about 3,800 members who attended a "Tabligh" religious gathering that had taken place at a Sri Petaling mosque - Masjid Jamek - in Kuala Lumpur from February 28 and Ma [...]
March 28th, 2020 by financetwitter
The superpower United States now has more confirmed Coronavirus cases than any other country in the world, including China. At 104,256 cases and 1,704 deaths, the U.S. has emerged as the gold medalist on the chart of the Covid-19 confirmed cases. In terms of death toll, the U.S. is just behind Italy [...]
March 27th, 2020 by financetwitter
The backdoor government of Muhyiddin Yassin has extended the lockdown, or the MCO (movement control order) by 2 weeks until April 14 in order to contain the spread of Covid-19. In his televised address, the prime minister urged Malaysians to stay at home. He kept saying his government had no choice [...]
March 25th, 2020 by financetwitter
Two days ago (March 23), Senior Minister Ismail Sabri Yaakob confirmed what many people have been suspected - the police was still tracking down about 3,800 members who attended a "Tabligh" religious gathering that had taken place at a Sri Petaling mosque - Masjid Jamek - in Kuala Lumpur from Febru [...]
March 25th, 2020 by financetwitter
Our Healthcare system is facing the brunt of COVID-19. Healthcare practitioners are on the verge of breakdown as seen by the circulating pictures and videos on Whatsapp. Many are under quarantine and unable to return home. Some are also infected. The number of patients has drastically increased with [...]
March 25th, 2020 by financetwitter
From initial thousands of daily new Coronavirus cases at the peak of the epidemic in February this year, Hubei has seen zero new cases for 5 consecutive days from March 19 onwards. Now that Beijing is satisfied that the worst is over, it has announced the ending of the lockdown in Wuhan, the city of [...]
March 24th, 2020 by financetwitter
Some ignorant people say even at RM2 for a piece of face mask, the proposed 150% price hike by the Domestic Trade and Consumer Affairs Ministry was still cheaper than other countries. Perhaps they should explain why a Honda Accord costs only US$26,000 in the U.S. while the same car would cost you an [...]
March 23rd, 2020 by financetwitter
There are reasons why the world, with the exception of Singapore and Indonesia, has refused to recognise the backdoor government of Muhyiddin Yassin. Besides not democratically elected by the people through the ballot box, a government seized using coup normally consists of not only a corrupt regime [...]
March 22nd, 2020 by financetwitter
The death toll from the Covid-19 is reaching 12,000 with 11,953 deaths. Confirmed cases have hit a staggering 290,248. While China still on top of the chart with 81,008 Coronavirus confirmed cases, the total number of deaths in Italy has now reached 4,032 (it reported 627 deaths on Friday alone), mo [...]
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