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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 1st, 2018 by financetwitter
Hasanah Abdul Hamid, former director-general of the Malaysian External Intelligence Organisation (MEIO) has lodged a police report over a letter she sent to the United States' Central Intelligence Agency. Congratulation! The Bond girl has admitted to the authenticity of the CIA letter, the same way [...]
July 31st, 2018 by financetwitter
If your kids tell you that they wanted to work for a newspaper company, you should start worrying. The past decade has been a painful period for employees in U.S. newsroom, especially those working for newspaper. The only area that has experienced some growth in employment is digital-native news sec [...]
July 31st, 2018 by financetwitter
Mahathir's fetish for national car projects is commendable, even applaudable, if today is 1983. Unfortunately, it's been 35 years since "PROTON" was established in a mind-boggling venture - automobile design, manufacturing, distribution and sales. Subsequently, a second national car project - Perod [...]
July 30th, 2018 by financetwitter
From KK Super Mart in Malaysia to South Africa bus ticketing service, one cannot help but notice "Alipay" logo, a sign of how far and fast the Chinese - either tourists or workers - have invaded the globe. The Alipay payment method is now accepted in 70 countries across Asia, Australia, New Zealand, [...]
July 30th, 2018 by financetwitter
Malaysia Government’s strategic investment fund - Khazanah Nasional Berhad - has announced that all 9 members of its board have resigned. Simply known as KNB by most of its contractors, the mass resignation raised eyebrows due to their undated resignation letters, suggesting that the board of dire [...]
July 29th, 2018 by financetwitter
United States registered a sterling GDP growth of 4.1% in the second quarter, arguable its best since 2014. The number matched expectations from economists. Four years ago, Obama saw 4.9% rise in gross domestic product in the third quarter of 2014. Besides the good news, the U.S. Commerce Departmen [...]
July 27th, 2018 by financetwitter
The mandatory punishment for murder, drug trafficking, treason, and waging war against Yang di-Pertuan Agong (King) is death. And ex-prime minister Najib Razak could have committed treason and depending on how you argue the case, he could have even tried waging war against the King. The leaked CI [...]
July 26th, 2018 by financetwitter
Khairy Jamaluddin has acknowledged turning down offers by UMNO President Zahid Hamidi to take up top positions in the party. Earlier, Zahid revealed Khairy had twice turned down his offers for him to be the Barisan Nasional (BN) Secretary-General and UMNO Information Chief. Zahid also claimed that K [...]
July 26th, 2018 by financetwitter
Investors didn't see this coming. They called it unprecedented. They were caught with their pants down, so much so that they actually said Facebook didn't need to give such a weak guidance. Do they expect Facebook to lie? Yes, Facebook warned investors of weakening revenue for the second half of the [...]
July 25th, 2018 by financetwitter
After the world was entertained with antics displayed by Trump-Kim and Trump-Rouhani, the war of words has shifted to new players. This time, two powerful nations - Turkey and Israel - have started the lethal war in the Middle East. Zionist, Hitler, racist, fascist and dictator were some of the word [...]
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