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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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January 23rd, 2020 by financetwitter
Najib Razak has proven himself to be a legendary liar. But as his trial involving misappropriation of RM42 million from SRC International Sdn Bhd enters the New Year 2020, his lies have gotten so extraordinary that it's beyond believable anymore. At the 72nd day of his criminal trial, the former pri [...]
January 21st, 2020 by financetwitter
Greta Thunberg lectures the world leaders that they are running out of time to fix climate crisis. Speaking at the World Economic Forum (WEF) at Davos, Switzerland, the 17-year-old Swedish climate activist warns that the world is still on fire, despite having spoken about the same climate emergency [...]
January 20th, 2020 by financetwitter
Politicians, especially those who walk the corridors of power, always have the perception that the people from East Malaysia (also known as the Borneo) were not as "clever" as those from Peninsular Malaysia. Mahathir used to say - "Najib always assumes people are stupid". Now it appears that it's Ma [...]
January 18th, 2020 by financetwitter
You were just in an accident and the police report indicates the other driver was at fault. Yet, the diver’s insurance company doesn’t want to pay. This is to be expected. It’s what insurance companies do. To get them to pay out, it can sometimes take some tough negotiating skills to make sure [...]
January 17th, 2020 by financetwitter
Kelantan is not only the poorest state (GDP per-capita) in Malaysia, but also had the highest number of HIV and AIDS cases in the country. The so-called "Corridor of Makkah" where its state leaders are all "ulama" depends heavily on the federal government for everything - from money for development [...]
January 16th, 2020 by financetwitter
After a two year trade war, the U.S. and China finally signed a trade deal, popularly known as the "Phase One". President Donald Trump signed the deal while Vice Premier Liu He signed the agreement on behalf of China. The trade deal came at an interesting time as the House prepared to send articles [...]
January 14th, 2020 by financetwitter
Mahathir Mohamad, the world's oldest prime minister, has been relatively quiet since the start of the New Year 2020 - for a good reason. The Malaysian prime minister, arguably one of the most outspoken leaders, has offended so many world leaders that he probably had lost count - from Myanmar to the [...]
January 12th, 2020 by financetwitter
After insisting for days that a Boeing 737-800 - Ukraine International Airlines Flight PS752 - crashed due to engine problems, Iran finally admitted on Saturday (Jan 11) that it was its own military that had accidentally shot down the civilian jetliner. Iranian officials had initially denied claims [...]
January 10th, 2020 by financetwitter
Iran had no intention of killing a single American soldier in what appeared to be a staged attack to save face. As a show of force, the drama would involve firing 22 ballistic missiles at two U.S. military bases in Iraq. To ensure absolutely no American would be harmed, the Iranian deliberately tipp [...]
January 8th, 2020 by financetwitter
Iran fired more than a dozen ballistic missiles against U.S. bases in Iraqi early morning Wednesday local time. Some pro-Iranian websites claimed at least 30 missiles had been launched in what appeared to be "fast and furious" revenge over the stunning assassination of Iranian top military command [...]
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