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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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April 15th, 2019 by financetwitter
During Barisan Nasional (BN) government, only certain states and certain supermarkets banned plastic bags. Shoppers were charged RM0.20 for each plastic bag requested. After Pakatan Harapan (PH) government takes over, the entire nation is being targeted. Now, even wet markets, morning markets or nig [...]
April 13th, 2019 by financetwitter
At the rate former Prime Minister Najib Razak and his buddy, PAS Islamist Party President Hadi Awang, spew lie almost on a daily basis, one may wonder if both are trying to outdo each other for the serial liar championship. Of course, it's quite unfair that Mr. Hadi abused his status as an Islamic r [...]
April 12th, 2019 by financetwitter
Boeing is not out of the woods yet, despite saying it has completed 96 flights testing the performance of the 737 Max with updated software for the plane's MCAS flight control system. CEO Dennis Muilenburg said - "Our team has made 96 flights totaling over 159 hours of air time with this updated sof [...]
April 12th, 2019 by financetwitter
Without hidden hands, the Sultanate of Johor would not dare attack Mahathir government so openly. It definitely smells a rat when some nine student activists exposed how a group of four academics from local universities were involved in advising the Conference of Rulers and convinced the monarchies [...]
April 11th, 2019 by financetwitter
Theresa May, arguably one of the most incompetent British leaders the country has ever produced, has been given an additional six months to find the best possible solution to the Brexit deadlock. The new Brexit deadline will be on October 31, after the British Prime Minister begged and requested a [...]
April 10th, 2019 by financetwitter
Little did Hadi Awang realize that when he decided to withdraw his defamation suit against Sarawak Report editor Clare Rewcastle-Brown in January, he was about to open the floodgates of hell. Not that he had any other choice, but the decision to pay the British journalist to kill the lawsuit to prev [...]
April 9th, 2019 by financetwitter
In May 2015, Mahathir Mohamad warned Tabung Haji to cancel its land purchase from 1MDB (1Malaysia Development Berhad). He disagreed that the Malaysia's Pilgrims' Fund was being used to bail out 1MDB - purchasing a small 1.56 acre of Tun Razak Exchange land for RM188.5 million, when an area as huge a [...]
April 8th, 2019 by financetwitter
The RM10 million he remitted through a money changer a decade ago was for the purchase of an apartment in London - claims former Negeri Sembilan Mentri Besar (Chief Minister) Mohamad Hasan. It appears his past has come back to haunt the Barisan Nasional candidate fighting for the Rantau by-election. [...]
April 7th, 2019 by financetwitter
Apple may be one of the richest companies on the planet, and US$900,000 is just a drop in the ocean for the iPhone maker, considering it has an eye-popping US$44 billion cash on hand. However, when such a giant is scammed, it's no longer about money but rather the tarnished reputation. How on earth [...]
April 6th, 2019 by financetwitter
Hypothetically speaking, let's assume Najib Razak refused to concede defeat after the unexpected results on May 9, 2018. And thanks to the corrupt Election Commission, no official results were announced. So technically, the opposition led by the 93-year-old Mahathir Mohamad did not win the 14th Gene [...]
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