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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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June 2nd, 2018 by financetwitter
Global Times, often considered as the mouthpiece of the Chinese Communist Party, has unleashed its first warning shot at the new government of Malaysia. After 93-year-old Prime Minister Mahathir Mohamad ditched a planned HSR (high-speed rail) between Kuala Lumpur and Singapore, the Chinese media see [...]
June 1st, 2018 by financetwitter
Effective today (June 1st), the highly unpopular GST (goods and services tax) is zero-rated from 6 percent. People are celebrating as suddenly everything has become 6% cheaper. From computer to Mercedes Benz, everybody wants to have a piece of the meat, before the new SST (sales and service tax) kic [...]
May 31st, 2018 by financetwitter
The world is having terrible headache dealing with American President Donald Trump. This is perhaps the most flip-flop president the country has ever had. After telling all and sundry that he will meet North Korean Kim Jong-un, the U.S. leader scrapped the plan, only to revive it. It's safe not to b [...]
May 31st, 2018 by financetwitter
He would be called in whenever Najib Razak needs to rally ethnic-Malay support, to intimidate the ethnic-Chinese, to insult the Christians or Hindus, or simply to bribe voters. But those happy days are over after Mr. Najib lost his throne in the 14th general election on May 9th. Now, without his bos [...]
May 30th, 2018 by financetwitter
Royal Malaysia Police mobilised 5 trucks to load 284 boxes containing designer handbags and 72 luggage and carrier bags filled with cash and jewellery which were secretly stashed in three luxury condominiums - Pavilion Residences - located along Jalan Raja Chulan, Bukit Bintang. That was perhaps the [...]
May 30th, 2018 by financetwitter
A major financial crisis is about to hit European Union, says billionaire investor George Soros. Speaking at the European Council on Foreign Relations annual council, Soros said Europe was in "an existential crisis." Soros, the founder of the pro-European Open Society Foundation, claimed there are b [...]
May 29th, 2018 by financetwitter
Let's continue our story about how Singapore, supposedly a clean and incorruptible nation, secretly helped ex-PM Najib Razak during the peak of the 1MDB scandal. The plausible possibility that the Government of Singapore was the "hidden hand" behind the blackmailing of Swiss national Xavier Andre [...]
May 28th, 2018 by financetwitter
Nurul Izzah, the lovely daughter of prime minister-in-waiting Anwar Ibrahim, was sexually harassed by a caller in a “Facebook Live” talk show. In the show hosted by radio DJ Faizal Ismail and celebrity host Fara Fauzana, a caller - identified himself as “Azrul” - said Ms Nurul should take be [...]
May 28th, 2018 by financetwitter
During the climax of 1MDB scandal in 2015, Swiss national Xavier Andre Justo dropped a bombshell. Like any Hollywood spy-thriller films, he was approached by "someone" to change the real story. He was in jail in Thailand, allegedly trying to blackmail his former employer, PetroSaudi, which was entan [...]
May 27th, 2018 by financetwitter
Had Najib Razak won the 14th general election on May 9th, his first foreign visit will most likely be China. He would go there and brag how his Barisan Nasional coalition government had used President Xi Jinping photo on campaign billboard. He would offer Xi to restart the stalled "Bandar Malaysia" [...]
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