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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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December 21st, 2018 by financetwitter
Twenty years ago, Karpal Singh, the Tiger of Jelutong, said party hopping should be outlawed as it was tantamount to cheating and deception. The former chairman of DAP, who passed away in 2014, argued that the trust of the voters is sacred, therefore, there must be honour among the elected represent [...]
December 20th, 2018 by financetwitter
International benchmark Brent crude oil broke the US$60 support level to about US$55. The American WTI, meanwhile, plunged below the US$52 psychological level to US$46 a barrel. If the U.S. crude futures contract continues to drop, we may see the oil breach the US$40 before the year end. In essence, [...]
December 19th, 2018 by financetwitter
Less than 24 hours after UMNO President Ahmad Zahid Hamidi declared he would not resign, lecturing critics instead on the party's constitution and his legitimacy, the disgraced former deputy prime minister made a U-turn and quit. The pressure was simply too much for the Java-immigrant who had dreamt [...]
December 18th, 2018 by financetwitter
How will the economy be in 2019? Most analysts, economists, bankers and even speculators have the following forecasts - slowdown, bearish, uncertainty and even recession. Even if the world could avoid a recession next year, it will eventually come the subsequent year in 2020. Those who believe in th [...]
December 18th, 2018 by financetwitter
Three years ago, China and Israel reached a milestone in infrastructure cooperation. A deal was signed to allow a Chinese company to run Israel's largest port city - Haifa - for 25 years starting from 2021. The Shanghai International Port (Group) Co Ltd (SIPG) won the bid to build the new port which [...]
December 17th, 2018 by financetwitter
Former Melaka (Malacca) Chief Minister Abdul Rahim Thamby Chik yesterday (Dec 16) announced his resignation from UMNO. He was Malacca's 6th chief minister - from 1982 to 1994 during the era of Mahathir Mohamad. He was also the UMNO Youth Chief from 1993 to 1996. However, the 68-year-old former big g [...]
December 15th, 2018 by financetwitter
Donald Trump is perhaps the best U.S. president Americans have ever voted for who wanted to "Make America Great Again". One of his projects is to fix the U.S. trade deficit with China. Americans have every reason to be angry with the Chinese. They have stolen U.S. technology and secrets, even robbed [...]
December 14th, 2018 by financetwitter
The older the ginger, the spicier it gets - goes a very popular Chinese idiom. It means the older a person becomes, the wiser the person gets. When Mahathir Mohamad led the opposition coalition, Pakatan Harapan (Alliance of Hope), to a stunning victory in the May 9th general election, the world was [...]
December 13th, 2018 by financetwitter
Those who live in glass houses should not throw stones, says a popular Western proverb. But as trade war between the United States and China escalates, the business world was shocked at the arrest of Huawei's CFO (chief financial officer), Sabrina Meng Wanzhou, in Vancouver, Canada, while she was tr [...]
December 12th, 2018 by financetwitter
Get your popcorn and Coke ready. The party has just begun. If you believe the police's final estimate of the recent anti-ICERD turnout at 55,000, then there were only 55,000 gullible Malays who believed UMNO and PAS leaders. But if you believe Zahid Hamidi's claim of 500,000 rally-goers, then there [...]
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