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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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November 23rd, 2017 by financetwitter
Mark Zuckerberg's fluency in Mandarin is legendary. Yet, despite all his efforts learning and speaking the language to impress President Xi Jinping, he couldn't convince Beijing that Whatsapp is a harmless application. WhatsApp was one of the few foreign messaging apps available in mainland China un [...]
November 22nd, 2017 by financetwitter
Uber has done it again! From accusations of bullying, sexual harassment and discrimination, Uber has been attracting the publicity for the wrong reason. And now, they have added another feather to the cap. A staggering 57 million of its users and drivers' data were compromised, but instead of report [...]
November 21st, 2017 by financetwitter
Automakers, tech start-ups and ride-hailing companies are forging closer alliances in a multi-billion-dollar business. That can only mean one thing - self-driving taxis will be taking over the street, like it or not. Uber, a leader in ride-hailing business has been stripped of its London licence. H [...]
November 20th, 2017 by financetwitter
Angela Merkel was a very unhappy woman on Sunday, and who could blame her. In spite of winning the federal elections on September 2017, her chance to become the German Chancellor for the fourth term has hit the wall, for now. While it was a victory, her CDU-CSU (Christian Democratic Union-Christian [...]
November 17th, 2017 by financetwitter
About 200 Saudi princes, ministers, senior military officers and wealthy businessmen are still being held in 5-star prison Ritz-Carlton in Riyadh. But soon, they could walk out free again, despite allegations of corruption and money laundering. The fact that they weren't officially charged till tod [...]
November 16th, 2017 by financetwitter
U.S. stocks closed lower Wednesday - both Dow and S&P 500 - suffered their biggest one-day percentage drops since September. The Dow fell 138.19 points while the S&P 500 lost 14.25 points. That wasn't too bad considering both plunges were less than 1%. But the issue here is they crashed prim [...]
November 15th, 2017 by financetwitter
China might be an economic superpower so wealthy that even U.S. President Donald Trump had to behave during his visit to the Middle Kingdom. It was said that the notorious Kim Jong-un was kept in silent not because he was terrified that North Korea was surrounded by U.S. warships, but rather because [...]
November 14th, 2017 by financetwitter
Trump was at the centre of attraction at the 2017 Asean Summit in Manila, Philippines. But the superstar was none other than the host President Rodrigo “Rody” Roa Duterte. The Filipino leader gets to rub shoulders with the world's most powerful man, despite breaking every possible law concerning [...]
November 13th, 2017 by financetwitter
Since he took office, police have reported killing 3,967 people in direct illegal drugs crackdown. Another 2,290 people have been murdered in drug-related crimes, while thousands of other deaths remain unsolved. So far, he loves the number. He has no plan to deny his involvement. That's because he [...]
November 10th, 2017 by financetwitter
Majority of Americans don't like their own president. But the Arabs love the U.S. president. And the Chinese love Donald Trump even more. After his visit to Saudi Arabia, Japan and South Korea, Beijing has found the formula of chemistry to charm President Donald Trump before he steps on his foot in [...]
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