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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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June 22nd, 2017 by financetwitter
Forbes has just released its compilation of the richest person in every state of the United States of America. The U.S. has more billionaires than any other country in the world, at least that was what Forbes claims. China would, of course, dispute this claim as a different study showed the Middle K [...]
June 21st, 2017 by financetwitter
As predicted by technical charts, oil is toast, as the crude sank more than 2% on Tuesday. West Texas Intermediate (WTI) crude oil futures ended Tuesday's session at US$43.23, down 97 cents, the weakest settlement since Sept. 16. At US$43 a barrel, that would be its 9-month closing low, not to men [...]
June 20th, 2017 by financetwitter
For the second time, Trump administration is provoking Putin regime with the latest shooting down of a Syrian SU-22 warplane. Since the beginning of the Syrian Civil War in 2011, this is the first time the U.S. has shot down a Syrian aircraft, and it's a great deal. As usual, it wasn't the U.S. faul [...]
June 19th, 2017 by financetwitter
You can only stay patient for so long before reaching the tipping point. And that's precisely what happened in the Finsbury Park Area of London early Monday morning. A hired van ploughed into Muslim worshippers near a mosque in London’s Finsbury Park in what appears to be a "revenge terror attack" [...]
June 17th, 2017 by financetwitter
Now we know why U.S. President Donald Trump has been avoiding Malaysian Prime Minister Najib Razak like a plague. Now we also know where the US$620 million had ended up after Najib administration falsely claimed it had been returned to donor Saudi royal family. More importantly, we know why bloggers [...]
June 15th, 2017 by financetwitter
With the price of West Texas Intermediate (WTI) crude trading at below US$45 a barrel, OPEC has gone bonkers all over the Middle East. That's because the oil is less than two bucks away from US$42, a very critical support level. The commodity had tried breaching that level slightly more than a month [...]
June 15th, 2017 by financetwitter
United States appears to have entered a Civil War. This isn't just a war between the left-wing and the right-wing. This is a war between the Democrats and the Republicans. Wait a minute. While all Democrats belong to the left, not all Republicans belong to the right. That's too bad. All the left-win [...]
June 14th, 2017 by financetwitter
For the fifth year running, Singapore's Changi Airport has emerged as the world's best airport. The Changi has been so good in winning the crown that none of its neighbours in the Southeast Asian (ASEAN) region could give the Singapore airport a run for its money. The nearest competitor - Kuala Lump [...]
June 13th, 2017 by financetwitter
On July 25, 1990, eight days before the Iraqi invasion of Kuwait, a secret meeting took place between then-President Saddam Hussein and U.S. Ambassador to Iraq, April Glaspie. The long and short of the meeting was that America (supposedly) had neither opinion on Arab-Arab conflicts, nor opinion on b [...]
June 10th, 2017 by financetwitter
British Prime Minister Theresa May is in trouble. In fact, she's in deep shit. She has practically committed hara-kiri by calling for a snap election. She deserves to be mocked, laughed and insulted by all world leaders - mostly liberal EU elites - who were shocked by Brexit but determined to do any [...]
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