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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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May 31st, 2017 by financetwitter
United States has deployed not one, not two, but three aircraft carriers toward the Korean peninsula. While it is rare for the U.S. military to deploy two carriers in the same region at the same time, it is almost unheard of to have three aircraft carriers in close proximity to each other. What does [...]
May 30th, 2017 by financetwitter
Golfer Tiger Woods has hit another jackpot for the wrong reason. He was arrested while driving his 2015 Mercedes in Florida early on Monday, apparently on suspicion of driving under the influence (DUI) on Memorial Day. Police released a mugshot of Woods, looking unshaven and unkempt, following his a [...]
May 29th, 2017 by financetwitter
Donald Trump has successfully intimidated Middle East into submission. Despite calling for a “total shutdown” of Muslims to the U.S, using the 3 magic words (radical Islamic terrorist) and even signing executive orders banning citizens from 7 Muslim-majority countries, the Kingdom of Saudi Arabi [...]
May 26th, 2017 by financetwitter
This may sound weird, or even funny, but it appears that Trump and Arab Muslims share more common interests than the U.S. president does with European friends. As a start, both Donald Trump and King Salman agreed that Iran is their common enemy in the Middle East. Iran was their punching bag when Tr [...]
May 26th, 2017 by financetwitter
Chinese automaker Geely will be taking a 49.9% stake in Malaysia's iconic, home-grown, but long-struggling carmaker Proton. Both Proton and Geely's parent - DRB-Hicom and Zhejiang Geely Holding - are expected to sign the deal by the end of July. Behind the junk Proton is, of course, the crown jewel [...]
May 24th, 2017 by financetwitter
Unlike his call in February blasted Australian Prime Minister Malcolm Turnbull over a refugee agreement and boasted about his victory before abruptly ended the phone call, President Donald Trump placed a super-friendly call to Philippine President Rodrigo Duterte. The call, made on April 29, was [...]
May 23rd, 2017 by financetwitter
Do you know that May 22 is also known as "Bitcoin Pizza Day"? It was the date where Laszlo Hanyecz, a programmer, successfully traded his 10,000 units of digital currency bitcoin (BTC) for 2 Papa John's pizzas. He posted on a bitcoin forum page - “I just want to report that I successfully traded 1 [...]
May 22nd, 2017 by financetwitter
Facing the inevitable, Hong Kong's Cathay Pacific Airways has finally executed the last thing every employee wants - retrenchment. Close to 600 jobs, its biggest in 20 years, are to be cut thanks to a combination of complacency, arrogance and mismanagement. Under the excuse of "challenging business [...]
May 22nd, 2017 by financetwitter
Najib son of Razak was on a critical mission. He has flown 6,347-km from Kuala Lumpur to Riyadh to rub shoulders with King Salman again, and hopefully could take a "selfie", his favourite past time, with U.S. President Donald Trump. He has been spending millions of top US dollars for an audience wit [...]
May 21st, 2017 by financetwitter
First Lady Melania Trump descended from Air Force One in Saudi Arabia on Saturday morning, without wearing a headscarf. But despite her beauty, she wasn't the superstar of the day. The celebrity of the day was her husband - President Donald Trump. Before the Air Force One touched down in Riyadh at [...]
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