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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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February 5th, 2018 by financetwitter
Egypt was one of Muslim countries which fought Israel during the Six-Day War in 1967. The Egyptians, alongside Jordanians and Syrians, of course, lost the war. While Muslim countries consistently drum up propaganda via state-controlled mainstream news media about the evil Israeli regime, the truth i [...]
February 4th, 2018 by financetwitter
The last time the DJIA (Dow Jones Industrial Average) posted a drop of more than 600 points was June 24, 2016, the day after the Brexit vote. So when the U.S. stocks dropped 665.75 points on Friday, there were tons of panicked faces. But generally people were quite calm as if the devilish 666-point [...]
February 2nd, 2018 by financetwitter
If you want to do business in China, learn to not only respect the Chinese culture but also recognize the Middle Kingdom's sovereignty. Foreign companies are learning the hard way that making money in China comes with a price-tag. From user data to military installation, Beijing will get what it wan [...]
February 1st, 2018 by financetwitter
For the first time since 1970 - almost 50 years - the United States can loudly tell Saudi Arabia that Americans will never be taken hostage by the Arabs - again. In November 2017, the U.S. oil production rose to 10.038 million barrels a day, 4% more than the previous month. That milestone is slightl [...]
February 1st, 2018 by financetwitter
Hollywood films often justify that as the leader of the free world - democracy - the United States can basically do anything, including staging an invasion on foreign nations which do not subscribe to American version of democracy. However, if the latest report from the Economist Intelligence Unit i [...]
January 30th, 2018 by financetwitter
As the U.S. Treasury Department announced on Monday that it expects to borrow US$441 billion in the current January-March quarter, the largest amount in 8 years, more bad news comes in. The DJIA (Dow Jones Industrial Average) plunged 177.23 points, its biggest drop of 2018 after the 10-year treasur [...]
January 29th, 2018 by financetwitter
A month before Malaysia's 13th general election on 5th May 2013, something quite interesting and amusing occurred behind closed doors. Opposition de-facto leader Anwar Ibrahim and then Prime Minister Najib Razak signed a secret agreement at the presence of former Indonesian vice-president Jusuf Kall [...]
January 26th, 2018 by financetwitter
He was the famous billionaire currency trader who broke the Bank of England and made US$1 billion in 1992. But he was also a strong supporter of Hillary Clinton who eventually lost US$1 billion when the stock market skyrocketed after Donald Trump's stunning victory. He is, of course, the legendary c [...]
January 25th, 2018 by financetwitter
If you're not an American, chances are you would notice your local currency suddenly skyrockets. Keep calm and stop celebrating because it has nothing to do with a sudden boost in your country's economy. Instead, the US dollar has suddenly plunged to a 3-year low and its biggest 1-day drop in 10 mon [...]
January 24th, 2018 by financetwitter
Time will tell if President Donald Trump's first declaration of trade war is a smart or dumb move. It could be both, after he signed a pair of trade actions imposing steep tariffs on washing machines and solar panels. The move was, of course, to get his message out, that the taxes on imports "demons [...]
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