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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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September 22nd, 2018 by financetwitter
Five years ago, then-PM Najib Razak was on a "Mission Impossible" to seduce and impress ethnic Chinese to support him in the 2013 general election. Back then, nobody knew that his partner-in-crime Jho Low had ordered a US$250 million (RM1 billion) superyacht Equanimity architected by Azure Naval Arc [...]
September 21st, 2018 by financetwitter
Amazon is the world's largest online retail company with average monthly traffic in excess of 1.8-billion. And it has just moved ahead of Microsoft and other competitors to position itself as the third-biggest player in the U.S. digital advertising market - behind Google and Facebook. But even at 4. [...]
September 21st, 2018 by financetwitter
Sometimes life can be unbearable without taking loans to bail one out of financial constraints. From buying a new home, buying prime property, paying school fees to doing other things, debts are like fire. They can help you survive through the wildest moments in your life, yet, can also consume your [...]
September 20th, 2018 by financetwitter
World's biggest crook - Malaysia former Prime Minister Najib Razak - has finally been arrested and charged (after spending a night in detention) for the infamous US$681 million 1MDB scandal. Popularly known amongst Malaysians as the RM2.6 billion theft, Mr. Najib has been slapped with 21 counts of m [...]
September 19th, 2018 by financetwitter
UMNO (United Malays National Organisation), the biggest political party in Malaysia, has begun disintegrating with the shock resignation of party stalwart Mustapa Mohamed from the party. After the Barisan Nasional (BN) came crashing down from being the ruling coalition for over 60 years to a sinking [...]
September 18th, 2018 by financetwitter
Emboldened by America’s economic strength and China’s economic slowdown, President Donald Trump has thrown his challenge again by declaring that his administration will impose 10% tariffs on US$200 billion worth of Chinese imports, scheduled to go into effect on September 24th (next Monday). The [...]
September 17th, 2018 by financetwitter
Apple fans have a new reason to celebrate after the world's first trillion-dollar company unleashed not one, not two but three new iPhones. The new iPhone XR, XS and XS Max will all have dual SIM capabilities. This means that a user will be able to have two separate phone lines. One will be via a [...]
September 17th, 2018 by financetwitter
Was Singapore Prime Minister Lee Hsien Loong complicit in the cover-up of 1MDB scandal to help his buddy, former Malaysia Prime Minister Najib Razak? Most Singaporeans would think it's incredibly insane to think that their leader would do such a despicable thing. After all, Singaporeans are proud of [...]
September 14th, 2018 by financetwitter
People were more anxious and excited about the news that a crooked lawyer, Shafee Abdullah, the same counsel defending world's biggest crook, Najib Razak, had been arrested and charged than the news Anwar Ibrahim is making a grand return to Parliament. Like The Lord of the Rings - The Return of the [...]
September 13th, 2018 by financetwitter
Skinning Muhammad Shafee bin Muhammad Abdullah appears to be easier than initially thought. Yes, remember when we said there are many ways to skin a cat? Well, this fat cat called Shafee, supposedly Malaysia's top lawyer and a man of many talents - being defence counsel and prosecutor at the same ti [...]
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