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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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June 25th, 2019 by financetwitter
Opposition parties, consisting primarily of UMNO (Malay nationalist party) and PAS (Islamist party), have been linked to an infographic illustrating a list of new Cabinet ministers - if both parties win the next general election, which must be held by 2023. The list includes Foreign Minister Lokman [...]
June 21st, 2019 by financetwitter
First, Najib Razak tried to scam the world that his partner-in-crime Jho Low had scammed him. When that didn't quite work out, the former prime minister tried to scam the world that Nik Faisal Ariff Kamil (former CEO of SRC International) had scammed him. When that also failed, he blamed the bank f [...]
June 21st, 2019 by financetwitter
Donald Trump still talks as if his latest tariff hike - from 10% to 25% on US$200 billion worth of Chinese goods - is like money dropping from the sky. The U.S. president continues hoodwinking his supporters that the Americans are winning because as a result of the trade tariffs, China pays US$100 b [...]
June 20th, 2019 by financetwitter
Tunku Abdul Rahman, Malaysia's first prime minister popularly known as the "Father of Independence", was perhaps the only clean and honest premier the country had ever produced. Tunku is still widely regarded, even by his critics, as the true leader in the multiracial and multi-religious country. St [...]
June 18th, 2019 by financetwitter
Facebook, despite earning US$55.8 billion in 2018, isn't happy with its profit. Facebook wants to become the Federal Reserve of social media - ability to print money and control the money supply and movement ultimately. Meet Libra, the new digital currency just unveiled by Facebook, scheduled to be [...]
June 18th, 2019 by financetwitter
At best, Azmin Ali is a bisexual. At worst, he's a homosexual. Either way, his extraordinary sexual preference is unacceptable to the conservative Malays in the country. And that alone means his political career will surely take a massive hit. He can forget about becoming the next prime minister, if [...]
June 16th, 2019 by financetwitter
Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor announced at a press conference on Saturday that her highly unpopular extradition bill - which Hongkies called the “Evil Law” - will be "suspended". She said - “The government has decided to suspend the legislative amendment exercise.” It [...]
June 14th, 2019 by financetwitter
He is called the "Lobak-Man (Carrot-Man)" by critics for a reason. Unlike Ant-Man, a fictional superhero in comic books published by Marvel Comics, this Lobak-Man is a real super-dumb character in the political world hatched after Khairy Jamaluddin slammed his colleague Lokman Noor Adam for having " [...]
June 14th, 2019 by financetwitter
An estimated 1-million people flooded the streets of Hong Kong on Sunday (June 9) in a massive demonstration against what the Hongkies called an “Evil Law”. The controversial extradition law would allow suspects to be sent or extradited from Hong Kong to mainland China for trial. Critics say [...]
June 13th, 2019 by financetwitter
About a week after the stunning appointment of Latheefa Koya as the first woman chief commissioner of MACC (Malaysian Anti-Corruption Commission), a leaked sex video clip and several lewd photos of two men has emerged - including one that resembles a very senior minister. Today, one of the men in t [...]
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