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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 7th, 2020 by financetwitter
When Inspector-General of Police (IGP) Abdul Hamid Bador declared last July that an explosive gay sex video implicating Economic Affairs Minister Azmin Ali was genuine, but the identities of the two men in the clips could not be determined, the reputation and integrity of the Royal Malaysia Police [...]
January 5th, 2020 by financetwitter
Qassem Soleimani was considered the second most powerful man in Iran, after Supreme Leader Ayatollah Ali Khamenei. At the same time, he was Iranian's most powerful military and intelligence figure. According to the Pentagon, an approximate 603 American soldiers killed in Iraq were attributed to prox [...]
January 3rd, 2020 by financetwitter
Maszlee Malik, arguably the most controversial education minister, has finally been fired by Prime Minister Mahathir Mohamad. His exit was overdue. In fact, he should be sacked as early as 2018. He was allowed to "resign" in order to prevent humiliation. It was merely a face-saving gesture. After al [...]
January 2nd, 2020 by financetwitter
Do not underestimate the idiocy of 4-million UMNO-Malays who had thrown their support for the UMNO Malay nationalist party in the 2018 General Election. Despite the burning issues of 1MDB scandal and GST (goods and services tax), they still voted for a crook such as (former Prime Minister) Najib Raz [...]
January 1st, 2020 by financetwitter
Former Nissan Chairman Carlos Ghosn, who was awaiting trial on criminal charges in Japan, has confirmed speculations that he has fled the country and is in Lebanon. So far, there has been silence from Japan, probably embarrassed - even furious - as to how Mr. Ghosn could pull a stunning escape f [...]
December 30th, 2019 by financetwitter
Perhaps it's true that Prime Minister Mahathir has "brain malfunction" as the power-hungry leader rushes against time to build a dynasty for his son. Hey, it's not me who said that. It was Shri Ravindra Kishore Sinha, a Member of Parliament of India, who made that statement. Apparently, the Malaysia [...]
December 29th, 2019 by financetwitter
Last August, China raised global eyebrows when it successfully tested Starry Sky-2, the Hypersonic aircraft capable of travelling at 4,563 mph (7,344 km/h). During its flight, the aircraft maintained speeds above Mach 5 (3,806 mph) for 400 seconds and reached a top speed of Mach 6, or 4,563 mph. At [...]
December 27th, 2019 by financetwitter
Initially, Mahathir Mohamad thought his party - PPBM (Bersatu) - could morph into a new version of UMNO. After all, it was him who brilliantly destroyed the original UMNO in 1988 and created "UMNO Baru" (the current UMNO version 2.0). But unlike in 1988, Mr. Mahathir had quit UMNO to form PPBM on 8 [...]
December 26th, 2019 by financetwitter
Credit can be daunting for everyone, it represents the stress associated with making payments, developing a budget, and a serious level of adult responsibility. What’s even more daunting than just living with credit, is understanding the importance of it. How does your credit score get calculated? [...]
December 24th, 2019 by financetwitter
Since the double crashes involving its bestselling 737 MAX, Boeing has fumbled its response, treating the disasters which killed 346 lives more like typical accidents. As the company continues to struggle to regain the trust of regulators, customers and the public, Boeing has just fired its CEO - De [...]
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