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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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January 20th, 2019 by financetwitter
Najib Razak appears to be a happier man nowadays. As the dust settles, the former prime minister realises that he might not need to spend time in prison after all, despite his 1MDB corruption and money laundering as well as the discovery of RM117 million cash together with RM1 billion worth of 12,00 [...]
January 18th, 2019 by financetwitter
The U.S. President Donald Trump has been scheduled to deliver his message to a Joint Session of Congress on Jan. 29. However, Speaker Nancy Pelosi has another idea. She said - “The date of the State of the Union is not a special date. It’s not constitutionally required, it’s not the president� [...]
January 17th, 2019 by financetwitter
Singapore is a trade-dependent country. The Republic's growth prospects are closely tied to the outlook for the global economy and trade. On Thursday (Jan 17), it announced a disappointing export number - fell by 8.5% instead of economists' expectation of a 2% rise in December. That number is the w [...]
January 17th, 2019 by financetwitter
Goldman Sachs CEO David Solomon on Wednesday (Jan 16) apologised to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1MDB scandal. However, the chief executive cunningly distanced the bank from the scheme, choosing to throw the former partner under the bus inst [...]
January 16th, 2019 by financetwitter
The genuine Malay Muslims in this country should stop worrying about losing their Malay privilege or Islam supremacy to non-Muslims. In the same breath, they should also stop worrying that the special position of Malay Rulers would disappear overnight. The rights of the Malays, Islam and Monarchy ar [...]
January 15th, 2019 by financetwitter
Robert Lloyd Schellenberg, a Canadian citizen, could stay alive if not for the China-Canada diplomatic hostilities. The 36-year-old former oil worker was detained in Liaoning province in 2014 for trying to smuggle more than 200kg of methamphetamine in China. That's a huge amount of drugs. Still, he [...]
January 15th, 2019 by financetwitter
One of the important goals President Donald Trump decided to launch a trade war with China last year was to narrow the trade deficit gap. He promised during his presidential campaign and after he entered the White House that he would seek to reduce massive U.S. trade deficits with China. However, ba [...]
January 14th, 2019 by financetwitter
Former Chief Justice, Abdul Hamid Mohamad, was (and still is) one of hardcore supporters of Najib Razak. He was such a fanatic fan of the former prime minister that two days before the May 9 general election last year, he condemned Mahathir for not only out to topple Najib, but also wanted to dest [...]
January 13th, 2019 by financetwitter
Apple - America's first trillion-dollar company - is now worth only US$720 billion. The technology giant recently revised its first quarter sales forecast downward, blaming the global economic slowdown, Trump's trade war and a slowdown in the Chinese market. CEO Tim Cook should blame the company its [...]
January 11th, 2019 by financetwitter
The Sultan Muhammad V has returned to his state of Kelantan after abdicating the throne as the "Yang di-Pertuan Agong (Supreme Ruler, or simply the King)" effective Sunday (Jan 6). What is still unknown and of utmost interest is the actual reason the former King was given an ultimatum by the Council [...]
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