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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 9th, 2017 by financetwitter
The Saudi government is aiming to confiscate cash and other assets worth as much as US$800 billion (£610 billion; RM3.38 trillion) in its massive crackdown on alleged corruption and money laundering among the kingdom's elite - reported Wall Street Journal. Prince Alwaleed bin Talal, easily the rich [...]
November 8th, 2017 by financetwitter
Prince Mohammed bin Salman, a 32-year-old son of King Salman, is a very ambitious young man. But at the same time, he's also a very dangerous young man. His 81-year-old father desperately needs to abdicate the throne, rumoured to be in the next couple of months. The king can't die without first offi [...]
November 7th, 2017 by financetwitter
Donald Trump kicked off his 12-day tour of Asia in what appears to be the longest trip to the region by an American president since 1991 - when George H.W. Bush was in charge of the Oval Office. Flying from Hawaii, his first stop is Japan, before visiting South Korea, China, Vietnam and the Philippi [...]
November 6th, 2017 by financetwitter
All Arab princes and princesses are either corrupt or involve in some sort of indecent activities or both - the saying goes. They love to fly out of their kingdom to America or Europe so that they could freely indulge in alcohol, drugs and prostitutes. Sex and liquors are their best friends. There w [...]
November 3rd, 2017 by financetwitter
Sultan Sharafuddin apparently was angered by former premier Mahathir's remarks calling Bugis descendants “pirates” during last month's anti-kleptocracy rally. The sultan was said to be absolutely disappointed as such statement from a former prime minister could spark hatred and prejudice against [...]
November 2nd, 2017 by financetwitter
Reform is something very alien to Saudi Arabia. After all, until June 2018, this kingdom is still the only country in the world that does not allow its women to drive. But Crown Prince Mohammed bin Salman, a 32-year-old son of King Salman, has promised that the Kingdom of Saudi Arabia will reform. T [...]
November 1st, 2017 by financetwitter
America dares bullying only smaller nations with inferior military capabilities. Not that North Korea is worth defending, but if not for the hermit kingdom's nuclear and ICBM (Intercontinental Ballistic Missile) capabilities, the mighty United States would have sent that kingdom to oblivion. Trump w [...]
October 31st, 2017 by financetwitter
For months, Donald Trump has been gloating through his big mouth. Special Counsel Robert Mueller couldn't find any evidence linking Trump to Russian meddling in the 2016 presidential election. Well, the U.S. president should have had kept his big mouth shut simply because he can't be 100% sure that [...]
October 30th, 2017 by financetwitter
OPEC, led by Saudi Arabia, and non-OPEC partners, led by Russia, is playing a simple but risky game. They try to game the world crude oil prices by controlling how many barrels of oil the world can get. They have agreed to take 1.8-million bpd (barrel per day) of oil off the market by cutting down t [...]
October 27th, 2017 by financetwitter
Najib son of Razak must be really desperate for pulling his trump card at this hour in order to fish for ethnic-Chinese votes. If his speech on Budget 2018, to be presented later today, is revealed to be too good to be true, then a snap election is very, very near. His latest drama - 10 new Chinese [...]
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