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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 12th, 2018 by financetwitter
Jho Low, probably as fat as Rocket Man Kim Jong-un, has again humiliated the Royal Malaysia Police after Macau Secretary for Security Wong Sio Chak confirmed that he had left the gambling city. Low (fullname: Low Taek Jho) might be fat but like Mr. Kim, he's absolutely cunning. He is always one step [...]
July 11th, 2018 by financetwitter
Picking up a stick and uses it as a gun is what young children would usually do. The dramatic play can lead to wonderful learning. It's an important part of early childhood development, as teachers would tell you. With Made-in-China fake plastic guns getting cheaper, it's hard to imagine if kids now [...]
July 10th, 2018 by financetwitter
Turkish President Recep Tayyip Erdogan has named his son-in-law as the country's finance minister after being sworn in to another five-year term, and the financial markets aren't impressed. The country's stock market and currency Lira fell after Berat Albayrak was named as Turkey's Finance Minister [...]
July 10th, 2018 by financetwitter
Trump is perhaps one of the luckiest U.S. presidents. He gets to nominate a judge to the U.S. Supreme Court - twice. And he has nominated 53-year-old Brett Kavanaugh to replace retiring Justice Anthony Kennedy, who often sided with his liberal colleagues on issues such as abortion and LGBT rights. K [...]
July 10th, 2018 by financetwitter
Former Prime Minister Najib Razak is going to spend many years in prison. There's little doubt about it. With overwhelming evidence against him, arguably the world's biggest crook, the global community will be shocked if he somehow walks away scot-free. He has only two options left - to drag the tri [...]
July 9th, 2018 by financetwitter
He was appointed to overseeing the United Kingdom's exit from the European Union. Yet, his boss - Prime Minister Theresa May - was such a weak leader that she was willing to sellout the nation in order not to offend the EU. Brexit Secretary David Davis has dropped a bombshell - quitting the May gove [...]
July 9th, 2018 by financetwitter
The U.S. Department of Justice acknowledges lawsuits filed to seize assets that it said were the result of US$4.5 billion that was misappropriated from 1MDB (1Malaysia Development Bhd), a fund set up by disgraceful ex-prime minister Najib Razak himself in 2009, represents the largest action brought [...]
July 7th, 2018 by financetwitter
Najib Razak apparently has financial problem after his banking accounts have been frozen. The Kuala Lumpur High Court allowed the ex-prime minister to pay RM1 million bail in two installments - a rare arrangement indeed. But when it was later revealed that the judge - Mohd Soffi Abdul Razak - is the [...]
July 6th, 2018 by financetwitter
Get ready for a spike in crude oil prices. Shortly after the U.S. State reaffirmed the Trump administration's goal of reducing Iran's oil exports to zero by November 4th, Iranian President Hassan Rouhani warned Tehran could retaliate - by disrupting oil shipments to neighbouring countries. Although [...]
July 6th, 2018 by financetwitter
Shahrir Samad, once the invincible UMNO warlord of Johor Bahru, was grilled for 7 hours by MACC (Malaysian Anti-Corruption Commission) two days ago. When he emerged from the MACC office, he was surprised to learn that his boss, ex-prime minister Najib Razak, had been arrested. Obviously, it wasn't a [...]
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