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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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April 4th, 2017 by financetwitter
St. Petersburg, a city of 5 million people, shut down its entire subway system after 11 people were killed and at least 45 others were wounded due to an explosion at Sennaya Square metro station. According to the Russian National Anti-Terror Committee, a homemade device filled with shrapnel detonate [...]
April 3rd, 2017 by financetwitter
Two years ago, ICBC, the largest and most valuable bank in the world by total assets and market capitalization, was planning to open a clearing bank in Russia for trade settlements in Yuan (Renminbi) and Rubles. ICBC's business involvement include electricity, mining, chemical, oil and gas, telecomm [...]
April 2nd, 2017 by financetwitter
Xinjiang is the new playground for ISIS after the terror group is losing its territories at an alarming rate. Early last month, ISIS released a video pledging to “shed blood like rivers” in attacks against Chinese targets, in what appears to be the barbarian group's "first direct threat" agains [...]
April 1st, 2017 by financetwitter
Najib son of Razak has flown 3,081-km away to take a selfie with Indian movie superstar Rajinikanth, leaving a truckload of shit for a frustrated Inspector-General of Police (IGP) Khalid Abu Bakar to clean. What started as a publicity stunt to boost Mr. Najib's image globally has now reduced to a hu [...]
March 31st, 2017 by financetwitter
British Prime Minister Theresa May had signed, sealed and delivered the historical letter which triggers Article 50 of the EU's Lisbon Treaty - officially withdrawing from the European Union. The letter dated 29 May, 2017 effectively gives United Kingdom a 2-year window in which to negotiate a new t [...]
March 30th, 2017 by financetwitter
UMNO information chief Annuar Musa has increased the prize money for an essay-writing competition on DAP supremo Lim Kit Siang from RM10,000 to RM50,000. Unless you want to spin and twist what Mr. Lim had said in the past, it's hard to find compelling proof that he is a racist, let alone someone wh [...]
March 29th, 2017 by financetwitter
The last time a French president came for a visit, it was about selling military hardware and software to Malaysia. The visit by then President Jacques Chirac in July 2003, however, didn't only secure France a mouth-watering deal of two French-made Scorpene submarines, it also brought along explosi [...]
March 28th, 2017 by financetwitter
Everything is in order and goes according to plan. Beijing has decided on a grand plan to defend itself as its economy grows. The Middle Kingdom still feels the humiliation after two invasions by the Japanese and multiple invasions by the West in the past. China does not plan to be called "Sick Man [...]
March 27th, 2017 by financetwitter
Just minutes before House lawmakers were scheduled to vote on the Republican healthcare plan; House Speaker Paul Ryan called off the vote. Apparently, Republicans did not have enough votes (20 votes shy of the minimum 216) to pass the bill, which would have replaced former President Obama’s Affo [...]
March 24th, 2017 by financetwitter
When Marty McFly was sent 30 years into the future in "Back to the Future Part II," he arrived in a time when where there were hover-boards zipping around, people wore self-lacing shoes and flying cars were the norm. The date was Oct. 21, 2015. Now that we're already in 2017, there is none of those [...]
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