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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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February 14th, 2017 by financetwitter
After spending his pocket money to the tune of billions of Euros, bad boy Alexis Tsipras is coming home to ask for more. Only this time, his father Francois Hollande is out of job while his mother Angela Merkel could be joining his daddy. Yes, the infamous Greece debt crisis is back, making a full c [...]
February 13th, 2017 by financetwitter
The beauty of Malaysia version of Islam is its perfect definition of “halal (permissible)” and “haram (forbidden)”. Unlike other Arab nations, including Saudi Arabia, Malaysia is perhaps the only Muslim country on planet Earth which consistently conducts its own R&D (research and develop [...]
February 12th, 2017 by financetwitter
Chancellor Angela Merkel is looking at a possible defeat in the coming election. Germany is to hold its federal election on Sunday, September 24. Merkel could end up zero, from hero, if she fails to secure her fourth term as chancellor. Former European Parliament President Martin Schulz is standing [...]
February 11th, 2017 by financetwitter
Depending on what angle you view it from; President Donald Trump has made a brilliant tactical move, or committed a humiliating screw-up. When Trump made that unconventional move of taking a congratulatory phone call from the Taiwanese President Tsai Ing-wen and expressing doubts about the “One Ch [...]
February 10th, 2017 by financetwitter
On January 27, 2017, President Trump signed an executive order titled "Protecting the Nation from Foreign Terrorist Entry into the United States," which temporarily halts the entry of foreign nationals from 7 Muslim countries - Iran, Iraq, Syria, Libya, Sudan, Somalia, and Yemen. Six of them are Ar [...]
February 8th, 2017 by financetwitter
Basuki Tjahaja Purnama, or simply "Ahok", the first ethnic-Chinese governor of Jakarta, was thrown into hot soup last year when he explained to Indonesian voters that his opponents had used a verse from the Quran / Koran to deceive voters, after conservative Islamist opponents quoted the verse warni [...]
February 8th, 2017 by financetwitter
Hillary Clinton announced in her latest speech after weeks in hibernation that "The Future is Female". Her hidden message could be to rally the American women to prepare for her daughter, Chelsea Clinton, as her successor. But would she accept another humiliating defeat if Ivanka Trump becomes the f [...]
February 7th, 2017 by financetwitter
One of the reasons why China is awesomely strong has to do with its huge foreign exchange reserves. Armed with the world's biggest forex reserves, no speculator, including the legendary George Soros, dares to attack the Chinese Yuan / Renminbi. It's the same reason a jealous President Donald Trump w [...]
February 7th, 2017 by financetwitter
A Chinese family bought some firecrackers at a stall on sidewalk located along a row of shoplots in a Chinese-majority area. Firecrackers are banned in Malaysia and for some reasons the exotic toys were particularly hard to find this year. Their children happily took out some of the firecrackers out [...]
February 6th, 2017 by financetwitter
Opinion polls say she will win enough votes in the first round on April 23, but the numbers also show she will be defeated in the second round on May 7. But she couldn't care less because the polls had said the same thing about the Britons and Americans last year - the UK would not leave EU and Dona [...]
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