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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 6th, 2018 by financetwitter
Daim Zainuddin, the head of Council of Eminent Person, has shed more light into the 1MDB scandal. In a talk show on TV3, the former finance minister during Mahathir's era reveals that the new government has sufficient evidence to prosecute all those involved in the misappropriation of funds from 1M [...]
September 5th, 2018 by financetwitter
UMNO, PAS and MCA are trying to do what the previous opposition - PKR, PAS and DAP - had done. The PKR-PAS-DAP partnership which gave birth to the now-defunct Pakatan Rakyat coalition was a huge success when they succeeded in denying Barisan Nasional its two-thirds supermajority in the Malaysian Par [...]
September 4th, 2018 by financetwitter
Beggars can't be choosers. If you understand that then you'll understand why leaders from 53 African countries happily jetting to Beijing on Monday for the Forum on China-Africa Cooperation (FOCAC). Beijing is considered the Santa Claus, having pumped a staggering US$124 billion into Africa since 2 [...]
September 4th, 2018 by financetwitter
Finance Minister Lim Guan Eng has been acquitted of corruption charges over the purchase of a bungalow allegedly below the market value. The former Penang chief minister together with businesswoman Phang Li Koon (who also faces the corruption charges) was freed by the Penang High Court. However, the [...]
September 3rd, 2018 by financetwitter
The government of Lee Hsien Loong should just laugh off five naughty Singaporeans' attempt to make Mahathir Mohamad as the new icon of democracy in Southeast Asia. But Singapore isn't a nation that would let go of anything remotely belong to them - without a good fight. That's part of their culture [...]
September 2nd, 2018 by financetwitter
Hasanah, the top spy girl of former Prime Minister Najib Razak is in deep trouble. The Malaysia's ex-CIA Chief is as good as counting her days before being thrown into jail. Jane Bond "Hasanah", arguably the most powerful woman in the intelligence community due to her extraordinary close relationshi [...]
August 31st, 2018 by financetwitter
Every billionaire has been telling college graduates to study AI (Artificial Intelligence). From Microsoft co-founder Bill Gates to Oracle of Omaha Warren Buffett, they warned that AI is the new career where students should seriously venture. In essence, Gates says that people with three backgrounds [...]
August 30th, 2018 by financetwitter
As mainland China becomes richer and more powerful, the nation demands recognition to be known as the only country of China, hence the "One China Policy". They would get pretty mad when being pointed out that there's another China - the Republic of China (Taiwan). They want the world to finally reco [...]
August 30th, 2018 by financetwitter
Who says Malay-Muslims are dirt poor? Those who think so should get their head examined. The ethnic Malays should celebrate because at least 200 of their Muslim brothers (and sisters) are actually billionaires. In fact, Malaysia should be ranked third, behind the United States (680 billionaires) and [...]
August 29th, 2018 by financetwitter
The disgraced Intelligence Chief - Hasanah Abdul Hamid - has finally been arrested, but for different charges. The former director-general of the Malaysian External Intelligence Organisation (MEIO) had previously lodged a police report over a letter she sent to the United States’ Central Intellig [...]
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