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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 4th, 2017 by financetwitter
In yet another proof that job security doesn't exist anymore, tech giant Microsoft is planning to lay off thousands of employees - worldwide. Despite earning US$23.56 in revenue and net profit of US$5.7 billion for the quarter ended March 31, 2017, Microsoft would not think twice about retrenching i [...]
July 3rd, 2017 by financetwitter
We understood why the U.S. Democratic Party loves "illegal immigrants" so much. The Democrats, also known as the liberals or left-wingers, would simply collapse without immigrants' votes. Democrats prefer to call them "undocumented immigrant" instead. A latest estimation shows 11.1-milion illegal im [...]
June 30th, 2017 by financetwitter
The only remaining police station in Kista in the troubled Järva area is forced to be closed. The pledge by Prime Minister Stefan Löfven to step up the fight against drug gangs in vulnerable areas in Sweden, delivered roughly 2 weeks ago, came too little, too late. Swedish National Police Commissi [...]
June 29th, 2017 by financetwitter
Facebook has surpassed 2-billion active users. Officially, the social media is also used by 27% of the entire planet Earth. Its CEO Mark Zuckerberg wrote a letter of congratulations to Facebook users, thanking them for using his product. While it took 8 years - from 2004 until October 2012 - to reac [...]
June 28th, 2017 by financetwitter
The United States Navy is extremely strong. But they're not invincible. What you need are complacency, incompetency and arrogance of power (the US and Japan prefer to call it "professional negligence") and voila, you would see a tragedy like the collision between guided missile destroyer USS Fitzger [...]
June 28th, 2017 by financetwitter
How do you deal with an evil monster you cannot possibly beat? You either join the monster or leave the monster alone; hoping that one day a bigger monster would deal with it. After all, how could you fight a US$650 billion mighty company? First introduced around 2000, "Don't Be Evil" has been the m [...]
June 27th, 2017 by financetwitter
Liberal mainstream media tries very hard not to make it sound like a great victory to the person they despise the most - President Donald Trump. Their headlines read the "U.S. Supreme Court will hear Trump's travel ban", refusing to acknowledge that the court actually allows Trump administration to [...]
June 27th, 2017 by financetwitter
Flight D7237 was supposed to depart and arrive smoothly for Kuala Lumpur from Perth on Sunday morning with 359 people on board. Little did the passengers realize they were about to experience the scariest 90-minute ride of their life. Adding salt to injury, Malaysian airlines - both AirAsia and Mala [...]
June 25th, 2017 by financetwitter
Najib son of Razak will soon learn a painful lesson. The Malaysian prime minister will learn the real meaning of "a bird in hand is worth two in the bush". He should have had honoured the deal that his administration made with IWC-CREC (Iskandar Waterfront Holdings-China Railway Engineering Corp) co [...]
June 23rd, 2017 by financetwitter
Acting as a Saudi Arabia's middleman, Kuwait has presented a 13-point list to Qatar in order to end the diplomatic crisis. But the demands are insanely extreme that if Qatar agrees, it would be as good as surrendering the small kingdom's sovereignty to the big bully Saudi. Perhaps that's what Saudi [...]
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