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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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September 7th, 2016 by financetwitter
He is known as the Philippines' "Dirty Harry" and the Filipinos love their new president. Also known as "The Punisher", President Rodrigo "Rody" Roa Duterte is no ordinary badass law enforcer who shoot first and ask (if he's still alive) question later. Mr. Duterte is a Filipino lawyer and politicia [...]
September 6th, 2016 by financetwitter
Top oil producers Saudi Arabia and Russia made a joint statement at the G20 summit in China on Monday aimed at stabilizing crude prices. The joint statement was signed by Russian Energy Minister Alexander Novak and Saudi Energy Minister Khalid al-Falih. That alone should convince you to invest in oi [...]
September 5th, 2016 by financetwitter
Every dog has its day, but for the German Chancellor Angela Merkel, her day had ended the moment she welcomes 1.1-million Syrian War refugees, and arrogantly ignored her mistake. Two days ago, she was still a defiant and cocky dictator, rejected charges by anti-immigrant critics that her government [...]
September 5th, 2016 by financetwitter
Russia has proven to be too strong, and too smart, for the superpower America. So, the United States, under the leadership of lame duck President Barack Obama, chose to bully China instead. History has taught the Chinese a painful lesson that becoming an economic superpower without an equivalent str [...]
September 3rd, 2016 by financetwitter
During the Low Yat Crisis last year, Prime Minister Najib Razak almost made his dad proud. Like his father's 1969 bloody racial riots, Malaysia was on a brink of its second racial riot. A phone theft involving 2 young Malays quickly turned into a mini racial riot when hundreds more Malays, instigate [...]
September 2nd, 2016 by financetwitter
SpacesX - founded by PayPal and Tesla tycoon Elon Musk - saw its Falcon 9 rocket went up in an epic fireball, just like one of those you watched in a James Bond movie. Ironically, Musk (the wizard who inspired the Iron Man movie) tweeted on Wednesday about improvements on Tesla Motors' Autopilot Sys [...]
September 1st, 2016 by financetwitter
Mexico President Enrique Peña Nieto should not have had invited Donald Trump to Mexico City for a closed-door meeting. Peña Nieto wanted to invite Hillary Clinton but to extend an invitation only to Clinton without one to Trump would tantamount to playing with fire. After all, nobody can guarantee [...]
September 1st, 2016 by financetwitter
When China set up a new bank - Asian Infrastructure Investment Bank (AIIB) - less than 2 years ago, world superpower United States wasn't happy about it. The creation of AIIB on 24 October 2014 in Beijing - aims to support the building of infrastructure in the Asia-Pacific region - was seen as riv [...]
August 30th, 2016 by financetwitter
Apple has been ordered to pay up to €13 billion (US$14.5 billion; £11 billion; RM58.8 billion) in back taxes, plus interest, to Ireland after the European antitrust regulators ruled that a special scheme hatched between Apple (stock-code: AAPL) and the Irish tax authorities to route profits thr [...]
August 30th, 2016 by financetwitter
After more than 2 months Britons voted to leave European Union for real, there're still tons of people who couldn't accept the reality. Those who had initially prepared to scream "I told you so" in anticipation of a global economy meltdown due to Brexit are still waiting for the sky to fall. Clearly [...]
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