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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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September 29th, 2017 by financetwitter
Cash-rich China has been on a shopping spree snapping American assets. They had taken over at least 10 American iconic brands including Motorola, Waldorf Astoria, GE Appliances, Smithfield Foods and AMC Theatres. And they were about to add a 135-year-old Chicago Stock Exchange to their shopping cart [...]
September 28th, 2017 by financetwitter
Malaysia is the only country on planet Earth which has not one, not two but a jaw-dropping nine (9) monarchies. And if you care to add the "Yang di-Pertuan Agong" or simply the King, who is elected every 5 years among themselves, there are actually ten (10) monarchies in a country with population of [...]
September 27th, 2017 by financetwitter
Soon, the jokes about Saudi Arabia being the only country on planet Earth where women were forbidden from getting behind the wheel of a car will be a thing of the past. For as long as one can remember, women in the kingdom have been discriminated and oppressed by the Saudi government and treated lik [...]
September 26th, 2017 by financetwitter
Trump has shown to the world, again, how dumb a U.S. president could be if he tries hard enough. Donald Trump is so dumb that he probably didn't realized that he had issued a declaration of war on North Korea when he went ballistic at his first appearance at the United Nations General Assembly last [...]
September 25th, 2017 by financetwitter
As anticipated, Angela Merkel's CDU-CSU (Christian Democratic Union-Christian Social Union) alliance won the German election on Sunday. Although she is set to be re-elected as German chancellor for a 4th term in office, the woman who was blamed for welcoming over 1-million refugees - mostly Muslims [...]
September 25th, 2017 by financetwitter
Dotard - that's the jaw-dropping word unleashed by Kim Jong-un. Instead of a missile, the Switzerland-educated North Korean dictator fired a rarely used word at United States. Like North Korea ballistic missiles, the word was so deadly that Americans were scrambled for dictionaries. It surely sounds [...]
September 23rd, 2017 by financetwitter
Microsoft cut 4,000 jobs two months ago in July. If you think that was bad, wait until you hear tech giant Hewlett Packard's (HP) plan. Despite recent Street-beating third-quarter results that saw the company's stock jump 5%, Hewlett Packard Enterprise is planning to put thousands of its employees j [...]
September 22nd, 2017 by financetwitter
Debt is something that creeps on you slowly. It seems one day you owe out just a few thousand and the next time you add up the numbers you're into the tens of thousands. If you're living beyond your means like many Americans today, now is the time to reel in your spending and find ways to reduce or [...]
September 22nd, 2017 by financetwitter
Now do you understand why the Malaysian Chinese were foaming at the mouth when Prime Minister Najib Razak conspired with PAS (Malaysian Islamic Party) President Hadi Awang to introduce ancient Islamic law otherwise known as the "Hudud Law" last year? There were compelling reasons why the Chinese opp [...]
September 21st, 2017 by financetwitter
Saudi Arabia and its Gulf allies were planning to launch a military invasion on Qatar before President Trump intervened and persuaded them otherwise - reported Bloomberg. Saudi Arabia and the UAE, both Sunni-majority nations, wanted to change the Qatari regime, also another Sunni-majority nations, a [...]
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