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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 12th, 2018 by financetwitter
For the first time, President Xi Jinping attended the Eastern Economic Forum (EEF) in Vladivostok in Russia. It was also the first time a Chinese head of state had attended the EEF, an international forum held each year for the purpose of encouraging foreign investment in the Russian Far East. This [...]
September 11th, 2018 by financetwitter
Those who live by the sword, die by the sword - goes the proverb which can be traced back to the ancient Greek. It basically means what goes around comes around. To be precise, it means those who live by violence will die by violence. Guess who just complained about being victimized when he heroical [...]
September 11th, 2018 by financetwitter
President Trump, after being provoked and threatened, had sent aircraft carriers to North Korea and started trade war with China. Did PLO (Palestinian Liberation Organization) really think they were so special and powerful that Trump's no-nonsense approach to politics and commerce would surrender t [...]
September 11th, 2018 by financetwitter
PAS (Malaysian Islamic Party) said they had done exceptionally well. MCA (Malaysian Chinese Association) too said they had done incredibly well. But UMNO (United Malays National Organization) admitted that the results of the three recent by-elections in Selangor have proven that the pact between UMN [...]
September 10th, 2018 by financetwitter
Alibaba Group Holding Ltd's billionaire co-founder Jack Ma has just announced the much awaited succession plan today (10 September). On the same day he celebrates his 54th birthday, Jack Ma announced that CEO (chief executive officer) Daniel Zhang will succeed him as chairman of the board, startin [...]
September 9th, 2018 by financetwitter
On June 22, 2002, Malaysia’s 76-year-old Prime Minister Mahathir Mohamad dropped a political bombshell in the midst of the three day national conference of the ruling United Malays National Organisation (UMNO). One hour into his closing speech, Mr. Mahathir suddenly announced that he was immedi [...]
September 8th, 2018 by financetwitter
Your retirement is supposed to be a time of peace and relaxation. This is hard to do if you’re constantly worried about money. Many people enter their retirement with debts to pay, and with their loss of a primary income, find these debts harder to pay. If this sounds like you, you’re probably w [...]
September 8th, 2018 by financetwitter
Last year in November, Malaysia High Court struck out Anwar Ibrahim’s suit against Najib government over allegations that RM9.5 million was paid to senior lawyer Muhammad Shafee bin Muhammad Abdullah to prosecute the former opposition leader in his "Sodomy version 2" case. High Court Judge Justice [...]
September 7th, 2018 by financetwitter
Zodiac is one of many tools which can be used to tell if one is potentially a con artist. If you believe in astrology, beware of the opposite sex from the following zodiac signs - Gemini, Cancer, Leo and Aquarius. They are said to have higher probability of conning you out of money. Of course, this [...]
September 6th, 2018 by financetwitter
After 4 months of silence since the spectacular defeat of Barisan Nasional (BN) coalition government, UMNO warlord Ahmad Maslan re-appears from his hideout. And boy, he hasn't lost his shine as a joker. As usual, he spoke faster than his grey cells could process. If the police really do their jobs, [...]
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