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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 8th, 2017 by financetwitter
Unknown three years ago, Emmanuel Macron is now on his way to become one of Europe's most powerful leaders. But there's also a possibility that 39-year-old Macron - France's youngest president in history - could flop and prove himself to be nothing but an empty vessel. For now, the European Union is [...]
May 5th, 2017 by financetwitter
OPEC's strategy has not worked. Saudi Arabia is having cold sweat now. Crude oil price is hitting the lowest for the year 2017, just 2 bucks away from US$42 a barrel. Earlier, we wrote that for the second time for the year, the U.S. crude had broken below US$48 a barrel. The price is currently strug [...]
May 4th, 2017 by financetwitter
Bandar Malaysia, supposedly the country's biggest real estate project, has collapsed. TRX City Sdn. Bhd., an indirect wholly-owned subsidiary of the Ministry of Finance, said the sale of its 60% interest in Bandar Malaysia Sdn. Bhd. has lapsed. TRX blames failure to meet payment obligations as the [...]
May 3rd, 2017 by financetwitter
Two months ago, we were presented with a chance to witness oil price going down to US$42 a barrel, or lower. The more than 5% plunge on that Wednesday saw the price trading at its lowest for the year 2017 - from a high of US$52.92 to a low of US$50.05 - after the Energy Information Administration re [...]
May 2nd, 2017 by financetwitter
Just like the yo-yo, hoverboard, rainbow loom, Rubik's Cubes and Pokémon craze that have come in waves over the years, there's a new plastic toy on the block that's taking the world by storm - fidget spinner. Not only this toy, which does nothing but spins between the thumb and middle fingers, has [...]
May 1st, 2017 by financetwitter
Rodrigo Duterte, the Philippines president who called President Barack Obama a “son of a whore” and told him to “go to hell”, has been invited by President Donald Trump to visit the White House. Trump apparently doesn't share Obama's disgust over Dirty Harry Duterte's method of "shoot first [...]
April 28th, 2017 by financetwitter
Everybody is talking about North Korea and the excitement of witnessing the world's first nuclear war to be started by two rogue leaders - Donald Trump and Kim Jong-un. Suddenly, nobody is interested about the world's first economic war between two powerhouses - United States and China. The Korea co [...]
April 27th, 2017 by financetwitter
What do you really expect from a page of less than 200-words tax overhaul proposal? That's what President Trump revealed on Wednesday but the financial markets aren't impressed. Perhaps he knew his new tax plan is too good to be true that very few believe it could be implemented. Or he realizes the [...]
April 27th, 2017 by financetwitter
It’s a big e-commerce world out there, and the benefits surely do outweigh the risks. For instance, it is now not only possible, but downright commonplace, to be able to shop and buy from a store across the country or around the globe. The fact is, people love using e-commerce sites. Consequently, [...]
April 26th, 2017 by financetwitter
She is known as the "Goddess Yi Wan Ka" in China. There're more Chinese women than American women who are inspired to go under the knife to look like her. They wanted her big eyes, her pretty nose and lips, and her flawless figure. But it wasn't only her beauty that has gotten her a bigger celebrity [...]
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