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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 9th, 2017 by financetwitter
As expected, Mr. Kim Jong-un has easily defeated Mr. Donald Trump in the Korean Crisis. Not even with three aircraft carriers does superpower United States dare to launch a pre-emptive strike against North Korea. From the beginning, President Trump was bluffing but clearly he's a lousy poker player. [...]
June 8th, 2017 by financetwitter
American drivers are set to reap unexpected savings for the summer vacation - cheaper gas. On Wednesday, oil made a huge plunge after a report indicated that supply was outpacing demand. The price of West Texas Intermediate (WTI) crude, considered the U.S. benchmark, fell 5%, or US$2.47 a barrel, to [...]
June 7th, 2017 by financetwitter
When two rich spoilt brats have nothing better to do, they will start fighting over lamest thing, such as who has the most friends or who has the most beautiful girlfriend. In the case of oil-rich Saudi Arabia, who had just rewarded anti-Muslim Trump with US$350 billion deals to buy U.S.' friendship [...]
June 6th, 2017 by financetwitter
The identity of the three terrorists in the London Bridge and Borough Market attacks have been revealed, as Scotland Yard was under pressure to release the information about the evil butchers. Even if the British authorities want to cover their identities, it would easily backfire. That's because on [...]
June 5th, 2017 by financetwitter
Theresa May was widely expected to fill in the big shoes of Margaret Thatcher. But it appears this Conservative Party leader and second female prime minister of United Kingdom is no difference than German Chancellor Angela Merkel. Not only Theresa May is clueless on where to drive the Britain after [...]
June 4th, 2017 by financetwitter
Islam, the supposedly religion of peace is again put to test (or rather humiliation) when three terrorists, armed with a white van, drove into pedestrians at 50mph on London Bridge before getting out and stabbed people in nearby Borough Market. Witness Erick Siguenza told BBC News that one of the at [...]
June 3rd, 2017 by financetwitter
All hell breaks loose when President Donald Trump announced the United States is withdrawing from the Paris Climate Agreement, one of former President Barack Obama's remaining legacies. Almost immediately, Obama slams Trump, arguing that it is America's loss, not other nations, for pulling out of th [...]
June 2nd, 2017 by financetwitter
Venezuela is right now in utter bankruptcy. Former Venezuelan President Hugo Chavez's vision of socialism - sharing of wealth - didn't work. It's rather strange that a country that controls the world’s largest oil reserve couldn't feed its own people so much so that the Venezuela people have turn [...]
June 1st, 2017 by financetwitter
China’s Cybersecurity Law comes into effect on June 1 - that's today. If you hadn't a clue about this new law, you're not alone. Tons of business and finance people didn't know too, either wasn't being informed or simply don't care. In fact, experts are as confused as the Chinese authorities who h [...]
June 1st, 2017 by financetwitter
Celebrity Victoria Beckham is said to own as many as 100 of such branded bags, which is believed to be worth £1.5 million (US$1.9 million; RM8.3 million). She was perhaps the first celebrity to own the mega-expensive Hermès Birkin Himalayan crocodile handbag, before Kim Kardashian follows the [...]
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