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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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August 19th, 2017 by financetwitter
On 17th April, 1987, the then UMNO Youth Chief Najib Razak (now Prime Minister of Malaysia) famously issued a threat to the ethnic-Chinese that he wanted to "soak the keris (Malay dagger) in Chinese blood." It was the most hateful and racist message an UMNO-Malay leader has had ever delivered to the [...]
August 18th, 2017 by financetwitter
Quick, get some candles, prepare to hold hands and pretend the world is still safe from terror attacks. If you wish, Donald Trump is there as a punching bag, never mind the U.S. president has been foaming at the mouth telling all and sundry that the real bad people were the radical Islamic terrorist [...]
August 17th, 2017 by financetwitter
Feeling nostalgia about recently released Nokia 3310 but the phone wasn't smart enough for you? You're not alone. Those who had experienced Nokia phone in the 1990s probably have gotten sick and tired of Apple iPhone, Samsung or China-made cheap phones. There could be millions of former Nokia suppor [...]
August 16th, 2017 by financetwitter
Throughout the first 10 months of fiscal 2017 (Oct 2016 to July 2017), the U.S. federal government collected record amounts of taxes - both individual income taxes and payroll taxes - to the tune of US$2.288 trillion. They collected US$1,312,691,000,000 in individual income taxes and US$976,278,000, [...]
August 15th, 2017 by financetwitter
Kim Jong-un has backed off from firing at least 4 missiles on Guam, an attempt to supposedly surround the U.S. territory with "fire". Nobody believed the dictator would follow through with his threat in the first place though. But it was a relief; with some American news media celebrate the cancella [...]
August 14th, 2017 by financetwitter
Commonwealth Bank of Australia has attracted global attention for the wrong reason. The Australia's biggest mortgage lender will see the retirement of its CEO Ian Narev after 6 years running the bank. The bank was caught in money laundering activities - 53,700 times - therefore, breaching anti-money [...]
August 12th, 2017 by financetwitter
As a small business owner, one of your new tasks will be to hire employees to help you run your company. If you haven't done this before, you may be wondering what responsibilities you have as an employer. Fortunately, we’re going to go over all of the steps necessary so that you know how to hire [...]
August 11th, 2017 by financetwitter
The probability of a Korean War II happening is very slim - 99% it won't happen. Still, there's 1% chance that it would. The small percentage is due to ego the size of a jumbo jet displayed by both Donald Trump and Kim Jong-un. Both cannot back down as they would lose face. One of them might snap an [...]
August 11th, 2017 by financetwitter
After launching MRT (Mass Rapid Transit) and bragged that the train system was a gift to the people of Malaysia, as if he paid the RM50 billion project from his own pocket and people could use it for free, Prime Minister Najib Razak launched another mega project - RM55 billion ECRL (East Coast Rail [...]
August 10th, 2017 by financetwitter
The attacker who drove a BMW into 6 French soldiers has been identified and arrested in Paris. He had been intercepted while driving towards Calais, but not before engaged in gun battle with authorities where the terrorist was shot 5 times. An officer was also hit during the gun battle in the crossf [...]
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