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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 12th, 2017 by financetwitter
Over the centuries, the Empire of China has risen only to be invaded, humiliated, disintegrated and demolished, before rising again. And like many past - and ancient - dynasties and kingdoms, China today is experiencing the same cycle all over again - the rise after the humiliating fall of its domin [...]
September 11th, 2017 by financetwitter
Singapore and Dubai are two of many smart cities in the world trying to be the first to implement flying-taxi. The concept of flying cars is real. In fact, Singapore’s Ministry of Transport told about 400 participants at a forum in March this year that Singaporeans can “bet your money” on h [...]
September 11th, 2017 by financetwitter
Stephen Hung has been a name synonym with luxury, at least in Macau (Macao). His fame spiked - temporarily - when he ordered a mind-boggling 30 Rolls-Royce for Louis XIII, which was later renamed as "The 13". That was 3 years ago and since then his luck and fortune has taken a plunge for the worse. [...]
September 8th, 2017 by financetwitter
North Korea is perhaps the only rogue nation on planet Earth that dares standing up to the superpower United States of America. And Kim Jong-un is perhaps the only badass leader in the world who dares to challenge a U.S. Commander-in-Chief. In fact, Mr. Kim has already proven to the world - several [...]
September 7th, 2017 by financetwitter
Jeff Masters, a meteorologist, said - “The U.S. has never been hit, since we started collecting records in 1851, by two Category 4 or stronger hurricanes in the same season.” After tearing through the Caribbean, Irma could potentially slam into the U.S. by the weekend or early next week. By then [...]
September 6th, 2017 by financetwitter
The real-estate isn't any fancy condominium, let alone landed property worth millions. But it's Hong Kong, the land where its real estate assets are more expensive than gold. With odds at more than 300 to 1, it didn't stop some 1,300 home seekers from trying their luck. A long line of potential buye [...]
September 5th, 2017 by financetwitter
Just a day after North Korea said it conducted its sixth and most powerful nuclear test, South Korea says Pyongyang is preparing to launch an intercontinental ballistic missile (ICBM). The launch could be as soon as this Saturday - September 9 - when the hermit kingdom celebrates its founding day. P [...]
September 4th, 2017 by financetwitter
When do you know there's a major development in North Korea? The world will know it when Ri Chun-hee appears on TV, announcing news, of course. The 74-year-old Mrs Ri has been reading the news on North Korean state television since 1971 and appeared on Sunday to announce the regime's latest militar [...]
September 3rd, 2017 by financetwitter
From the moment Donald Trump said he would block Muslims from entering the U.S. to the moment the U.S. president's (initial) refusal to denounce white nationalists after the Charlottesville rally-turned-violence, Hollywood has been screaming until foaming at the mouth about Trump's racism. Hollywood [...]
September 1st, 2017 by financetwitter
Special Counsel Robert Mueller is perhaps the most feared person whom President Donald Trump wishes he could fire. But unlike the sacking of FBI Director James Comey, it would not be so easy to axe Mueller - both legally and politically. There was a reason why the position carries the "Special Couns [...]
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