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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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June 24th, 2016 by financetwitter
Seriously, if Prime Minister Mahathir Mohamad is driving BN (Barisan Nasional, National Front) today, he will definitely call for a snap election this year. The former prime minister was a leader with great confidence, and he still is. Najib Razak, on the other hand, is an indecisive leader who can' [...]
June 23rd, 2016 by financetwitter
It's finally here. The day for the British to decide their future - to remain or to leave EU - has finally arrived. If the "Remain" wins, it will be business as usual. If the "Leave" wins, it could be business as usual, or a temporary chaos in the financial markets. The globe will keep spinning. The [...]
June 21st, 2016 by financetwitter
Fresh from Barisan Nasional's (BN, National Front) fantastic victory in the twin by-elections last weekend, opposition parties are licking their wounds while BN's component parties are celebrating their unbelievable windfall. If the God really exist, then He has just given his blessing to the practi [...]
June 20th, 2016 by financetwitter
The FBI is about to release the transcript of Omar Mateen's 911 calls made during his brutal attack last Sunday at Orlando, Florida. The 29-year-old American-born son of Afghan immigrants died in a shootout with police after he terrorised the Pulse nightclub, which bills itself as "the hottest gay [...]
June 20th, 2016 by financetwitter
When U.S. President Barack Obama paid a visit to Malaysia 2 years ago in April 2014, Malaysian Prime Minister Najib Razak fell in love. No, not with the president but with the president's limousine nicknamed "The Beast". Najib had quietly expressed his desire about owning the babe, never mind it wou [...]
June 19th, 2016 by financetwitter
Let's call a spade a spade. The trend in the recent Sarawak state election and twin by-elections (Sungai Besar in the state of Selangor and Kuala Kangsar in the state of Perak), just concluded over the weekend, is going to replicate itself throughout the country. Prime Minister Najib Razak is going [...]
June 17th, 2016 by financetwitter
Ever wonder why Somali pirates were so skinny that they looked more like malnourished African children than real pirates? It's all about "Location, Location, Location". They were targeting international cargo ships in the vast Indian Ocean. Their operation cost was high but their returns - ransom - [...]
June 16th, 2016 by financetwitter
After spending a staggering US$5.5 billion (£3.88 billion; RM22.5 billion), Shanghai Disneyland is officially open today. Covering an area of about 4-square-km in the town of Chuansha in Shanghai’s Pudong New Area, it features a theme park and two themed hotels. The new resort is Walt Disney Comp [...]
June 15th, 2016 by financetwitter
European Union might lose United Kingdom. David Cameron might lose his job. Britain's biggest selling newspaper - The Sun - has openly backed Brexit (Britain Exit). With days to go (June 23) before Britons voting to either remain or leave EU, media tycoon Rupert Murdoch's flagship newspaper has run [...]
June 15th, 2016 by financetwitter
The Orlando mass shooting that left at least 50 people dead while injured another 53 can be used to provide an answer to a burning question. Nope, we're not going into the debate of "Not all Muslims are terrorists, but all Terrorists are Muslims". After the Sunday terrorising by Omar Mateen (full na [...]
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