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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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January 12th, 2018 by financetwitter
What is Zuma? Is it a latest military satellite to spy on North Korea? Where is Zuma? Has it been shot down by an "Alien Mothership"? Nobody seems to know the fate of Zuma, presumably a U.S. spy satellite which has gone missing after it was launched this week. What we know is the satellite costs a w [...]
January 11th, 2018 by financetwitter
President Trump actually thinks it was his tough policy that had forced North Korea to finally talk to South Korea. Although the North just wanted to talk about the Winter Olympic 2018 with the South and nothing else, including its nuclear programme, Trump praised himself and took the credit anyway. [...]
January 10th, 2018 by financetwitter
Opposition coalition - Pakatan Harapan (Hope's Pact) - has finally agreed to the seat distribution for 165 parliamentary seats in Peninsula Malaysia. Bersatu (Malaysian United Indigenous Party) is to get 52 seats while PKR (People's Justice Party) will contest 51 seats, with DAP (Democratic Action P [...]
January 9th, 2018 by financetwitter
Oprah Winfrey may think she could easily deliver a humiliating defeat to Donald Trump, if the 45th POTUS decides to run for his second term, which he most likely will. After all, if Trump could do it, certainly a "smarter" Winfrey would make a great president. After her stunning speech at the Golden [...]
January 8th, 2018 by financetwitter
Another engineering marvel has been completed and the trophy goes to China, again. Billed as the world's longest sea bridge connecting Hong Kong, Macau and mainland China, supporters have been calling it an engineering wonder. Critics, on the other hand, call the infrastructure mega-project politica [...]
January 7th, 2018 by financetwitter
When a few hundred people gathered in Mashhad, Iran’s second largest and holiest city, very few thought that the Dec. 28th protest could result in a domino effect. With protests spreading and popping up in several cities around the country, President Hassan Rouhani and his band of elites who walk [...]
January 7th, 2018 by financetwitter
Kim Jong-un had bragged that nuclear button is always on his desk, suggesting that as the dictator of North Korea, he could launch nuclear missile faster than Donald Trump. Not to be outdone, Trump retaliated and boasted that he too has a nuclear button - only bigger and more powerful. In reality, o [...]
January 5th, 2018 by financetwitter
China has started building its third aircraft carrier but unlike the Liaoning (a modified version of Soviet ship) and Type 001A (first Chinese-designed and built ship), the latest carrier - called CV-18 - will possess a high-tech electromagnetic launching system to allow more aircraft such as J-15 f [...]
January 4th, 2018 by financetwitter
Forget North Korea. Donald Trump may have a bigger and powerful "nuclear button" than Kim Jong-un's, but the U.S. president has a bigger fish to fry. The man he once considered an asset to his administration has turned rogue. That man - former chief strategist Steve Bannon - has revealed his former [...]
January 3rd, 2018 by financetwitter
Money talks and bullshit walks. Realizing that cheap talk will get the U.S. nowhere, the Yankees have been using US dollar to persuade nations around the world to do as they like. And it's pretty effective. But there's one problem. Those countries that receive free money could easily lie and instead [...]
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