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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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October 26th, 2017 by financetwitter
When President Donald Trump meets President Xi Jinping next month, the world will watch with great interest on what the U.S. leader has to say to the Chinese supreme leader. And the U.S. leader should behave, or at least pretends to behave, because the same person whom Trump met in April at his Mar- [...]
October 25th, 2017 by financetwitter
Saudi Arabia is the source of the world's extremism. To be precise, the oil-rich kingdom is the biggest sponsor and supplier of terrorists, the product of its extremism policy. And thanks to Saudi, it gave birth to terror groups such as al-Qaeda and Daesh (ISIS, ISIL, IS), among others, because Musl [...]
October 24th, 2017 by financetwitter
You might think that a wealthy Saudi Prince Alwaleed have more integrity and dignity than an ordinary guy - at least in money matter simply because he was already so rich. After all, he's worth US$17.7 billion today (Forbes). But it turns out to be true that rich people are actually greedier, and Al [...]
October 23rd, 2017 by financetwitter
Trump was right about United Nations when he criticised the world body for bloated bureaucracy and mismanagement during his first visit to its New York headquarters recently. And it didn't take long for the U.S. president to prove how his allegations. It seems the U.N. is not only incompetent, bu [...]
October 22nd, 2017 by financetwitter
Get real, Americans love fast food. Enjoying a McDonald’s hamburger, Kentucky Fried Chicken popcorn nuggets, or Taco Bell burrito seems to be the pleasure of all Americans - rich or poor. In fact, fast food is perhaps the only thing that unites Americans. Even Donald Trump loves fast food and he [...]
October 19th, 2017 by financetwitter
The reputation of Myanmar’s pro-democracy icon - Aung San Suu Kyi - is in tatters for her failure to condemn her country's so-called “clearing operations” in Rakhine State. Once a darling of the West, her portrait was even removed last month from public display by Oxford University UK, the sam [...]
October 17th, 2017 by financetwitter
The F-35 was supposed to be the ultimate flying machine, a fighter jet that could do almost everything the U.S. military desired. At least that was the marketing pitch trumpeted by its manufacturer Lockheed Martin. The "one design fits all" would see the F-35 serves the U.S. Air Force, Marine Corps [...]
October 16th, 2017 by financetwitter
Russia's Finance Minister Anton Siluanov has revealed that after the global crude oil meltdown, Kremlin is ready for reality. As one of the world's largest producers of crude oil, Russia was badly hit when the oil prices plunged in 2014. Russian ruble lost more than 120% against the American dollar [...]
October 16th, 2017 by financetwitter
Sultan Ibrahim of Kingdom of Johor has spoken against Islamic extremism - again. This time, however, the monarch takes his fight to a next higher level - over the "stupidity" of JAKIM (Malaysian Islamic Development Department). It appears that the sultan is fast losing his patience with his supposed [...]
October 13th, 2017 by financetwitter
Irina Bokova, the outgoing UNESCO chief, has every reason to be ashamed of her leadership. The world body is about to lose a fifth (22%) of its funding after the United States announced that it is withdrawing from the United Nations Scientific and Cultural Organization (UNESCO) - accusing the body o [...]
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