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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 5th, 2018 by financetwitter
European Union (EU) had a trade surplus of 120 billion Euros (US$139.6 billion) with the U.S. in 2017. The most exported product from the EU to the U.S. is cars. Hence, Trump doesn't need to become a rocket scientist to know where to hit the Europe. When the U.S. president threatened to target Euro [...]
July 4th, 2018 by financetwitter
Najib, the son of Malaysia's much respected second Prime Minister Abdul Razak Hussein, has just been charged with 3 (three) criminal breach of trust (CBT) under Section 409 of the Penal Code in connection with the transfer of RM42 million to his private bank account from former 1MDB subsidiary SRC I [...]
July 3rd, 2018 by financetwitter
The best day is finally here for millions of Malaysians who are getting impatient over the freedom enjoyed by former Prime Minister Najib Razak since he was toppled at the 14th general election on May 9. For years, the despicable Najib evaded the law by virtue of him being the most powerful man in t [...]
July 3rd, 2018 by financetwitter
Mahathir Mohamad, the world's oldest prime minister at the age of 93, should try to break another world record by making every MP (Member of Parliament) a minister. Malaysia will then have more than 120 ministries, the biggest in the world. Every MP will happily go back home with their own trophy. B [...]
July 3rd, 2018 by financetwitter
She was Malaysia's Central Bank (Bank Negara) Governor from 2000 to 2016, and was the first woman in the prestigious position. In 2009, Global Finance named her as one of the world's best central bank chiefs. On 20 May 2011, Bloomberg chose her as one of top four nominees to head the prestigious� [...]
July 2nd, 2018 by financetwitter
Sweden has been a hidden paradise to illegal migrants, especially from three top Muslim countries - Syria, Afghanistan and Iraq. Consider themselves the "global humanitarian superpower", the Swedish was fighting tooth and nail with Germany in welcoming refugees or migrants or whatever you want to ca [...]
July 1st, 2018 by financetwitter
President Donald Trump had walked away from the Paris climate agreement. His administration had also announced the U.S. was leaving the United Nations' Human Rights Council. If you think those were the craziest decision a United States president had ever made, think again. There's no limit as to wh [...]
June 29th, 2018 by financetwitter
UMNO (United Malays National Organisation) is seriously in deep shit. In fact, the Malay nationalist party could be de-registered. It may perish and never to be seen again. First, the brilliant acting UMNO president Ahmad Zahid Hamidi went crawling to Prime Minister Mahathir begging for forgiveness [...]
June 28th, 2018 by financetwitter
PAS (Pan-Malaysian Islamic Party) won about 2-million votes in the 14th general election last month. That means about 2-million Malay-Muslims have more faith in the Islamic party than other Malay-majority parties, including PKR (People's Justice Party), PPRM (Malaysian United Indigenous Party) and A [...]
June 27th, 2018 by financetwitter
After Ferdinand Marcos and his spendthrift wife Imelda Marcos were driven into U.S. exile by a 1986 popular revolt, the world was shocked by the amount of luxury items left behind in the Philippines. There were hundreds of pieces of Ferdinand Marcos's clothing, including the formal native see-throug [...]
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