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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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May 10th, 2019 by financetwitter
Stock markets across the world were flabbergasted by President Donald Trump's tweets on Sunday. Known as the most powerful man on the planet, largely due to the U.S. military power, the post of the U.S. president has brought a new meaning under Trump administration. The U.S. president could easily b [...]
May 10th, 2019 by financetwitter
Huawei's CFO (Chief Financial Officer), Sabrina Meng Wanzhou, appears to be preparing for a long legal fight against extradition to the United States. The princess of Huawei is ready to move from her C$5 million (US$3.7 million; £2.8 million; RM15.4 million) six-bedroom house to her newly renovated [...]
May 9th, 2019 by financetwitter
1MDB (1Malaysia Development Berhad) was an incredibly complicated and sophisticated Ponzi scheme, a scam spanning across continents - involving Malaysia, Singapore, Luxembourg, United Arab Emirates, Switzerland and United States. It was so massive and scandalous that former US Attorney-General Jeff [...]
May 8th, 2019 by financetwitter
How much do you think coffee house Starbucks is willing to pay for an advertisement worth a staggering US$2.3 billion? Fortunately to the Seattle-based coffee company that operates over 30,000 chains worldwide, it was free advertising over the last few days - thanks to “The Last of the Starks” - [...]
May 7th, 2019 by financetwitter
Johor Crown Prince Tunku Ismail Sultan Ibrahim should have kept his mouth shut and let the 93-year-old Mahathir completes his premiership. It would be easier to intimidate PM-in-waiting Anwar Ibrahim than PM Mahathir Mohamad, the old political "war horse". The junior should know that the old man thr [...]
May 6th, 2019 by financetwitter
The American stock market has been enjoying its bull run, the longest on record, as the risk of recession begins to dissipate. Investors were relieved that the US-China trade war was about to end - until today. The U.S. market benchmark index - S&P 500 - has gained about 309% since bottoming out [...]
May 5th, 2019 by financetwitter
For a while, people found comfort in Sultan Ibrahim of Johor as the monarch stepped forward to become the hero against tyrants like PM Najib Razak and extreme organizations like JAKIM. Before the notorious Jakim could strike, the sultan had declared that Christmas festival can be celebrated. During [...]
May 3rd, 2019 by financetwitter
On May 12, 2018, less than 3 days after the stunning defeat of the Barisan Nasional government, an angry crowd of about 100 descended to the Sultan Abdul Aziz Shah airport in Subang (popularly known as the Subang Airport) after reports exploded that former Prime Minister Najib Razak and his wife Ros [...]
May 3rd, 2019 by financetwitter
Indonesia is the world's fourth largest country by population, the third biggest democracy and the largest Muslim nation. Its population is estimated to hit 269 million this year. That's 5 million more people than 2 years ago. Yet, the island of Java, where the capital of Jakarta is located, [...]
May 2nd, 2019 by financetwitter
There's a piece of good news for former Prime Minister Najib Razak. His soon-to-be life in prison might not be so boring and dull after all. Another potential inmate could be on his way to accompany him, allowing the crooks to share the good old days where they happily plunder and rape the national [...]
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