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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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March 7th, 2019 by financetwitter
Huawei, after months of "war of words" and political pressure with the U.S., has finally decided to bring the government to the court. In slapping the U.S. government with a lawsuit, the Chinese tech company said a law that bans United States federal agencies from buying Huawei products is against i [...]
March 7th, 2019 by financetwitter
Don Tapscott co-author of Blockchain Revolution has referred to blockchain as "the second generation of the Internet,." Since Bitcoin burst into the limelight, there has been a lot of speculation over its underlying technology.
Newer coins have come up to challenge Bitcoin, the ‘peo [...]
March 7th, 2019 by financetwitter
After years of flirting, finally UMNO Malay Nationalist Party and PAS Islamist Party are married. Congratulations!! It is certainly a match made in heaven. Both parties were so compatible it makes you wonder what took them so long to finally tie the knot. For some strange reason, they prefer their m [...]
March 6th, 2019 by financetwitter
China announced on 5th March that its economic growth has been lowered to between 6% and 6.5% for the year 2019. Last year's growth was 6.5%. So, if the country's GDP this year hits the lower bracket of 6%, it would be the slowest pace of economic growth in almost three decades. The situation has to [...]
March 5th, 2019 by financetwitter
We seldom criticise Azmin Ali because he was supposed to be one of the rising stars within PKR (Parti Keadilan Rakyat or National Justice Party). However, he's the last person on planet Earth you should trust. Actually, he’s more venomous than PAS Islamic Party President Abdul Hadi Awang. At least [...]
March 4th, 2019 by financetwitter
Much has been said about false degrees in the past weeks. More than a handful of politicians have been caught with their pants down in this regard. Coming from a grouping of political parties that cried out for accountability and transparency during the last election, this was shocking. The very fac [...]
March 4th, 2019 by financetwitter
The United States, as expected, has retained its spot as the most powerful country in the world in 2019. Considered to be the most powerful country, the U.S. has the world’s largest economy and biggest military budget, splashing over US$610 billion on military hardware and personnel in 2017. The [...]
March 4th, 2019 by financetwitter
Flipping a loss of more than 9,000 votes to a gain of close to 2,000 votes is no easy task. That was what happened with the just concluded Semenyih by-election. And judging by the angry voices on social media weeks before the voting process could even begin, the defeat of Mahathir's party, PPBM (Ber [...]
March 1st, 2019 by financetwitter
First, they said 1MDB scandal didn't exist, but was just a fairy tale. When the 1MDB was finally exposed, they said no money was missing and the fund was as healthy as a horse. When then-PM Najib Razak was found to have RM2.6 billion stashed in his private account, they said it was a donation from S [...]
February 28th, 2019 by financetwitter
PAS, Malaysian Islamic Party, thought they could play everyone and get away with it. But it appears 2019, the Year of the Pig according to the Chinese zodiac, could be a terrible and unfortunate year for the party. PAS President Abdul Hadi Awang has essentially opened the floodgates of hell when he [...]
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