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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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July 18th, 2018 by financetwitter
As the Agong (Malaysian King) was set to deliver his opening speech in Parliament on Tuesday (July 17), about 50-100 protesters attempted to march there. Those demonstrators claimed that the Malay Ruler was under siege and has been silenced by the new Pakatan Harapan coalition government. That was, [...]
July 18th, 2018 by financetwitter
There were two big declines in crude prices - last week and on Monday - despite analysts forecast of a decline of 3.622 million barrels in U.S. inventories for the week through July 13. Turns out, a surprise crude oil oversupply of 629,000 barrels in U.S. crude stockpiles occurred, as reported by th [...]
July 17th, 2018 by financetwitter
The name Liew Chin Tong may not ring a bell among Barisan Nasional (BN) coalition ruling government, let alone 32-million Malaysians, before the 14th general election on May 9, 2018. But this was the guy who sent shivers down MCA (Malaysian Chinese Party) spine when he unexpectedly ventured into the [...]
July 17th, 2018 by financetwitter
Commander-in-Chief has become Winker-in-Chief when the U.S. president Donald Trump was caught in what appeared to wink at Russia President Vladimir Putin during their summit in Finland. Sitting about 2-3 feets apart, at the start of their long-awaited summit in Helsinki, both leaders locked eyes be [...]
July 16th, 2018 by financetwitter
What goes around comes around, as the saying goes. For the first time in 61 years, the former Barisan Nasional (BN) coalition ruling government is forced to switch their seats to that belong to the opposition. They had lost their long-held power. Given a choice, they would prefer to call sick and no [...]
July 16th, 2018 by financetwitter
Microsoft co-founder Bill Gates and former U.S. President Barack Obama read and recommended his books. And now this historian has an important lesson to the entire human race on planet Earth - "One thing that history teaches us is that we should never underestimate human stupidity. It's one of the m [...]
July 16th, 2018 by financetwitter
UMNO, the Malay nationalist party which was defeated in the most shocking and humiliating way one can ever imagine, is in self-denial and self-destruction mode. That's quite sad considering it had been in power for 61 years since independence in 1957. Although many think UMNO deserves to perish for [...]
July 13th, 2018 by financetwitter
We have said this many times and we'll say this again. There are two things that Malaysian Chinese treasure dearly - economy and education. Try taking one of them away and you are asking for trouble. Ex-PM Najib Razak, despite sucking up to President Xi Jinping and bragging about his son's fluency i [...]
July 13th, 2018 by financetwitter
UMNO supreme council member Lokman Noor Adam is under instruction by his boss to create chaos using 3R (Racial, Religious and Royalty) cards. With UMNO accounts being frozen due to investigation over money laundering, the 191 UMNO divisional chiefs nationwide - otherwise known as UMNO Warlords - are [...]
July 12th, 2018 by financetwitter
North Korea slammed what it called the US' "gangster-like mindset" during the denuclearization talks last week. The hermit kingdom has claimed that the "attitude" of the U.S. was regrettable and not in the spirit of the June 12 summit in Singapore between President Donald Trump and North Korean lead [...]
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