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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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May 25th, 2018 by financetwitter
After weeks of excitement about a potential historical meeting between U.S. President Donald Trump and North Korean Dictator Kim Jong-un, the meeting is finally cancelled. Earlier Thursday, Mr. Trump scrapped the summit with Mr. Kim - originally scheduled to take place June 12 in Singapore - to disc [...]
May 25th, 2018 by financetwitter
Between 2000 and 2007, Moody's doled out AAA ratings to 30 mortgage-backed securities every day. When the 2008 subprime crisis finally hit the United States, 83% of those first class securities became junk - they were downgraded. The funny part was - Lehman Brothers' own debt still had an investment [...]
May 24th, 2018 by financetwitter
A few decades ago the only way to invest was through a broker. Due to high costs it only made sense if the amount you wanted to invest was considerably higher compared to the fee you had to pay to the broker.
The rise of AI and technology changed this forever when it created robo-advisers. These [...]
May 23rd, 2018 by financetwitter
Our previous article showed how the disgraced former Prime Minister Najib Razak mismanaged the country and plundered the national coffers to the brink of bankruptcy. After Prime Minister Mahathir Mohamad expressed his displeasure, the new Finance Minister Lim Guan Eng has confirmed that Malaysia is [...]
May 22nd, 2018 by financetwitter
We wish to say "I told you so" again. But to hear it from the horse mouth - Mahathir - is equally satisfying. Yes, Malaysia has already breached the RM1 trillion marks, for the wrong reason. Speaking for the first time to staff of the prime minister’s office, Mahathir revealed the troubling debts [...]
May 21st, 2018 by financetwitter
What does Hillary Clinton and Najib Razak has in common? They are terrible sore losers. Back in November 2016, the Reuters / Ipsos States of the Nation project gave Clinton a 90% chance of defeating Trump, seeing her on track to win 303 Electoral College votes out of the 270 needed, to Trump’s 2 [...]
May 20th, 2018 by financetwitter
China has no choice but to agree to fix the problem of trade imbalance between the kingdom with the United States. The trade imbalance, which President Donald Trump calls unfair, hit a record US$375 billion in 2017. After rounds of talks and meeting between both countries, the U.S. and China have ag [...]
May 20th, 2018 by financetwitter
Finally, Rosmah Mansor, the so-called ex-FLOM (First Lady of Malaysia), has spoken. Unfortunately, the wife of defeated ex-prime minister Najib Razak has shown - again - that she spoke without putting her thinking cap. At critical moment like now, it's wise that she keep her mouth shut. She should s [...]
May 19th, 2018 by financetwitter
Brent crude oil, the international benchmark for oil prices, breached US$80 a barrel on Thursday for the first time since 24th November 2014. However, the contract eased back to below US$80. Trading at US$79 now, it appears the commodity is looking for excuse to breach the US$80 again. And it's Pres [...]
May 18th, 2018 by financetwitter
It would take 5 trucks to load an unbelievable amount of luxury handbags, jewellery and cash in what appears to be the biggest confiscation in the history of the country. Malaysia former Prime Minister Najib Razak is in such deep trouble that he had resorted to taking a photo with his aged mother, t [...]
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