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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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August 9th, 2018 by financetwitter
China has threatened to slap 25% tariffs on US$16 billion worth of U.S. goods. It is the latest retaliation against the U.S. finalized list of US$16 billion worth in Chinese goods that will be hit with 25% tariffs - supposedly to take effect on Aug 23. China will pretty much match what Trump adminis [...]
August 8th, 2018 by financetwitter
1Malaysia Development Berhad (1MDB) has laid claim to the superyacht Equanimity. Ironically, the same company wouldn't touch the US$250 million (RM1 billion) vessel with a 10-foot pole about 3 months ago. Before the May 9 general election, 1MDB wanted nothing to do with the luxury yacht, let alo [...]
August 7th, 2018 by financetwitter
Travelling at 4,563 mph (7,344 km/h), Starry Sky-2 completed its first test flight on Friday at a secret location in northwest China. The hypersonic aircraft was fired into space using its unique shockwave propulsion system - known as a waverider. During its flight the aircraft maintained speeds abo [...]
August 7th, 2018 by financetwitter
Equanimity has entered Malaysian waters after a short journey from Batam, Malaysia. The luxury yacht belonging to ex-PM Najib Razak's partner-in-crime Jho Low was reportedly escorted from Batam by the Malaysian marine police vessel KPD Setia. Both vessels were anchored about two nautical miles off t [...]
August 6th, 2018 by financetwitter
The Sungai Kandis by-election was a straight fight between opposition Barisan Nasional and Pakatan Harapan ruling government. Unlike the May 19 nationwide election where there was 3-cornered fight, this by-election was supposed to be verification on the wild theory that a merger of UMNO and PAS woul [...]
August 3rd, 2018 by financetwitter
Everyone should have experienced at least once where we need to withdraw cash but have forgotten the plastic card - ATM card. Get real, despite the so-called cashless society and internet banking, the cash is here to stay. JPMorgan Chase has become the latest bank to embrace a cardless society - you [...]
August 3rd, 2018 by financetwitter
Ex-PM Najib Razak called newly crowned Defence Minister Mohamad Sabu "cartoon". In retaliation, Mr. Sabu called Mr. Najib "stupid". The war of words escalates as both individuals excitedly campaign during by-election rally in the Selangor state seat of Sungai Kandis. Ironically, Najib was former de [...]
August 2nd, 2018 by financetwitter
Michael Fred Phelps is the most successful and most decorated Olympian of all time, with a total of 28 medals. He also holds the all-time records for Olympic gold medals - 23 medals. His name hit the roof when he won eight gold medals at the 2008 Beijing Games, the game where he broke fellow Am [...]
August 2nd, 2018 by financetwitter
Thanks to promise of freedom of press, the new government of Pakatan Harapan has allowed "Utusan Malaysia", the oldest Malay newspaper to operate after the historical May 9 general election. But things would not be the same for the highly controversial newspaper, which was founded as "Utusan Melayu" [...]
August 1st, 2018 by financetwitter
In July, Kylie Jenner became the youngest person on the Forbes list of America's Richest Self-Made Women with an estimated net worth of US$900 million. And she's just 20 years old. The American reality television personality, model, entrepreneur and social media celebrity is the founder and owner [...]
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