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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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July 12th, 2017 by financetwitter
Saudi Arabia sent Kuwait to present a 13-point list of demand to Qatar in order to end the diplomatic crisis last month. Saudi also gave Qatar 10 days to comply with the demands, all of which were insanely ridiculous. Qatar gave his big brother a middle finger instead, as it would be as good as surr [...]
July 11th, 2017 by financetwitter
He had been condemned by Mahathir Mohamad, then-Prime Minister of Malaysia, as a notorious currency speculator. He lost about US$1 billion in the financial market betting against Donald Trump. The 86-year-old investor also lost millions - probably billions - betting against Brexit. Perhaps the billi [...]
July 10th, 2017 by financetwitter
Get ready to be greeted by armed U.S. immigration officers - at UK airports - before boarding your transatlantic flight to the United States. Under a new radical plan being discussed, British holidaymakers visiting the U.S. would be cleared by U.S. immigration stationed in their country, before boar [...]
July 9th, 2017 by financetwitter
DAP, Democratic Action Party, is the most powerful and influential opposition party in Malaysia. During the previous 13th nationwide election in 2013, the party attracted at least 90% of ethnic-Chinese votes. In the next 14th election, which will have to happen on or before 24 August 2018, DAP is ex [...]
July 8th, 2017 by financetwitter
South Australia will be home to the world's largest lithium ion battery, thanks to a historic agreement between Tesla and the State Government. The good news didn't stop here. The 30,000 lucky Australian homes will get the battery - for free - if "Ironman" Elon Musk fails to deliver the battery with [...]
July 7th, 2017 by financetwitter
Depending on your time zone, you might have gotten the official notification from your immediate superior of your layoff, if you're under Microsoft payroll and not currently selling Azure - the Microsoft's cloud computing product. And if you're outside of United States, your chance of getting retren [...]
July 6th, 2017 by financetwitter
Let's face the fact - jobs are getting scarce while job seekers are getting plentiful. To make matter worse, robots are competing with human for jobs. Soon, burger-flipping will be a job reserved for robot only. Heck, even prostitution would need to fight for their rights as sex robots, thanks to AI [...]
July 5th, 2017 by financetwitter
Last year, we wrote why crude oil above US$100 will never happen again - forever! One of the reasons was China. The Chinese provide the world's largest market for new cars. Naturally, China has some of the world's worst air pollution. Nope, the Chinese will not be choked or poisoned to death due to [...]
July 5th, 2017 by financetwitter
Fourth of July, the Independence Day of United States of America, was specifically chosen by notorious Kim Jong-un as the day to deliver Donald Trump a special gift - a rocket in the form of ICBM (intercontinental ballistic missile). But who can blame the North Korean dictator for grinning from ear [...]
July 4th, 2017 by financetwitter
Planning for a holiday in Italy for the first time? Then you should be aware that city such as Rome is one of European top cities where you are most likely to be pick-pocketed. That would be the first advice your tour guide tells you. Believe it or not, thieves in Italy have more rights than the vic [...]
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