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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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November 1st, 2018 by financetwitter
Jamal Khashoggi's body has yet to be found. There is a chance that it would never be discovered for obvious reason. Saudi Arabia has refused to reveal the location of the journalist's body despite demands from Turkish President Recep Tayyip Erdogan. To disclose the location of the body would unveil [...]
November 1st, 2018 by financetwitter
Whenever you hear a powerful UMNO warlord from the "north" is involved in some sort of sex scandal, you can bet your last penny the pervert has to be Shahidan Kassim. Formerly Mentri Besar (Chief MInister) of Perlis state, he has finally stepped forward and publicly admitted to being investigated fo [...]
October 31st, 2018 by financetwitter
As the midterm elections approaching fast, President Donald Trump appear to have one last tool to excite his supporters - the white nationalist and conservative movement. And he has proudly declared that he is a nationalist days ago, just in case you're wondering. But what he plans to do next will [...]
October 31st, 2018 by financetwitter
Tommy Thomas was initially rejected as Malaysia's next Attorney General when Prime Minister Mahathir Mohamad proposed his name. Even the "Yang di-Pertuan Agong Sultan Muhammad V (the King)” disagreed with the appointment of the senior lawyer as the country's top legal adviser. The excuse - not onl [...]
October 30th, 2018 by financetwitter
By the end of the trading session on Monday, the Dow Jones Industrial Average (DJIA) had travelled more than 900 points. The Dow fell 245.39 points to 24,442.92, erasing a 352-point gain. The NASDAQ Composite Index plunges to its lowest since April. It was so bad that Amazon.com Inc. founder - Je [...]
October 29th, 2018 by financetwitter
Angela Merkel, who has been Chancellor since 2005, announced on Monday that she would not seek re-election when her term expires in 2021. She said - "This fourth term is my last term as Chancellor of the Federal Republic of Germany. In the next Bundestag election in 2021, I will not run again as Cha [...]
October 29th, 2018 by financetwitter
The interview started with a warm-up question - why did the people of Malaysia decide they wanted a change after 6-decade under Barisan Nasional government. Najib responded by claiming that his regime lost because of first, false promises by the opposition and second, propaganda war unleashed. Perha [...]
October 27th, 2018 by financetwitter
Najib Razak appears to be a step closer to spending years in prison. The ex-prime minister has consistently denied any wrongdoing since the 1MDB scandal erupted in 2015. He has claimed the US$681 million (popularly known by Malaysians as RM2.6 billion) deposited in his personal bank account were a d [...]
October 26th, 2018 by financetwitter
Former premier Najib Razak and former Treasury secretary-general Mohd Irwan Serigar Abdullah were jointly charged with six counts of Criminal Breach of Trust (CBT) involving government funds worth RM6.6 billion yesterday. They were alleged to have committed the offences between Dec 2016 and Dec 201 [...]
October 25th, 2018 by financetwitter
Turkish President Recep Tayyip Erdogan said on Tuesday there was evidence to show that Saudi journalist Jamal Khashoggi was the victim of a "cruel, violent murder." Coming from the mouth of Erdogan, the leader of the second-largest military force in NATO (after the U.S.), it speaks volumes the serio [...]
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