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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 26th, 2019 by financetwitter
Indonesia has revealed the final report on the crash of a Lion Air 737 Max jet in October 2018 that killed all 189 people on board. It crashed into the Java Sea 13 minutes after taking off from Jakarta, Indonesia. About five months after the crash, another 737 Max jet crashed just 6 minutes after ta [...]
October 24th, 2019 by financetwitter
When an unknown private company - Kod Efisien Sdn Bhd - was awarded a jaw-dropping contract for security labelling of locally produced cigarettes and beers, it raised eyebrows. The deal could generate revenue of more than RM140 million annually for the concession-holder, essentially making the compa [...]
October 23rd, 2019 by financetwitter
Flying cars or taxis for urban and other short-distance travels is possible. Airborne vehicles as replacement for conventional automobiles, however, are still years away from reality. So if someone tells you that flying vehicles are commercially available at the end of the year, take such idiotic st [...]
October 22nd, 2019 by financetwitter
For months, Mahathir Mohamad had been enjoying himself - bashing and condemning everyone and every country he didn't like, as if the world revolves around him. He has slammed the U.S., Hong Kong, India, Israel, Singapore and even Myanmar. In the process, he has insulted the Hindus, Chinese, Jews, Am [...]
October 21st, 2019 by financetwitter
Muhyiddin Yassin said the ruling coalition is expected to field an experienced candidate to contest the coming Tanjung Piai by-election on November 16. At the same time, the Parti Pribumi Bersatu Malaysia (PPBM or simply "Bersatu") president said he was confident that his party can defend the seat, [...]
October 19th, 2019 by financetwitter
A lot of small businesses are looking for different ways to cut down on their energy bills. The concept makes a lot of sense as the lower your energy bills are, the more profit you can make. Thanks to today’s technologies and green energy alternatives, it’s become possible to come across numerou [...]
October 18th, 2019 by financetwitter
China, the world's most populous country, has benefited most from being a member of the 164-country WTO. It has already become the biggest global exporter. But for the last 17 years since the "Middle Kingdom" joined the free-trading World Trade Organization, foreign companies have been kept in the q [...]
October 17th, 2019 by financetwitter
Germany has finally presented its decision over foreign vendors' participation in building 5G network for the country. In defiance against the U.S. wish, it will not ban Chinese telecoms giant - Huawei Technologies Co. - from its 5G mobile networks, saying that it want's to create "a level playing f [...]
October 16th, 2019 by financetwitter
As expected, India has retaliated. Indian refiners have stopped buying Malaysian palm oil for shipments in November and December. They don't have to wait for any official statement from their government that New Delhi would raise import taxes or use other measures to limit - even boycott entirely - [...]
October 15th, 2019 by financetwitter
Middle East is about to plunge into a new crisis again, thanks partly to the United States. It seems that whenever the U.S. enters the region, a war will start. And now that the U.S. wants to quit, it also creates a new war. On Sunday, President Donald Trump reportedly had directed U.S. troops in no [...]
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