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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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February 21st, 2019 by financetwitter
Hafarizam Harun is perhaps one of a few lucky lawyers who become a billionaire for fixing problems for UMNO (once the dominant political party) and Najib Razak (once the most powerful man in Malaysia). However, his lucky star is no longer smiling after the downfall of his boss, former Prime Ministe [...]
February 20th, 2019 by financetwitter
Mahathir's simple stunt may have won his party the Semenyih by-election, before the actual voting even begun. His little stunt, telling all and sundry that opposition PAS, the only Islamist party in the country, has promised - in writing - not to help UMNO in the coming Semenyih by-election, was a c [...]
February 19th, 2019 by financetwitter
Huawei founder Ren Zhengfei lives a quiet life and keeps an ultra-low profile despite his massive wealth. It would take the arrest of his daughter, 46-year-old Huawei chief financial officer Sabrina Meng, to make him active and starts expressing his opinion. Essentially, the world's largest telecom- [...]
February 19th, 2019 by financetwitter
The brutality of a robber who attacked a defenceless woman in a lift at the Taman Mutiara Mass Rapid Transit (MRT) station in Cheras District, Kuala Lumpur, was so savage that Member of Parliament Lim Lip Eng offered a RM10,000 (US$2,445; £1,895) bounty. A 57-second closed-circuit television (CCTV) [...]
February 19th, 2019 by financetwitter
Fun, hilarious and entertaining - that's how online spectators feel as they watch PAS Islamic Party running around like a headless chicken, after the naughty 93-year-old Mahathir dropped the bombshell. PAS exploded in disarray as the prime minister claims that PAS had formally stated, along with a [...]
February 18th, 2019 by financetwitter
On December 2017, the world was left speechless after Leonardo da Vinci’s “Salvator Mundi” – dating back to 1500 – was sold to a mysterious buyer who splashed a mind-boggling US$450.3 million. The “Salvator Mundi,” which means “Savior of the World”, depicts Christ as a Renaissan [...]
February 17th, 2019 by financetwitter
PAS is in deep trouble, thanks to the RM90 million bribes the Islamic Party had taken from former Prime Minister Najib Razak. Actually, that is an understatement. PAS is game over as long as its President Hadi Awang still leads the party, along with his minions who had helped themselves to the chest [...]
February 15th, 2019 by financetwitter
Amazon.com is worth a staggering US$800 billion. It became the second company to reach a stock market value of US$1 trillion just weeks after Apple hit the same milestone. Its stock price is above US$1,600 a share. The company's CEO and founder - Jeff Bezos - is not only the world's richest man wi [...]
February 15th, 2019 by financetwitter
Senior lawyer Haniff Khatri had previously alleged that a top judge interfered in a majority decision which was initially to acquit the late DAP national chairman Karpal Singh of his charge under the Sedition Act. As a result of the judge's intervention, the decision of the Court of Appeal was chan [...]
February 14th, 2019 by financetwitter
Mahathir, now popularly known as the garbage collector by even critics within the Pakatan Harapan coalition, has done something a normal leader would not dare do. He had just recruited seven defecting opposition UMNO Member of Parliament, otherwise known as frogs. For his abnormal and stubborn actio [...]
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