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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 8th, 2016 by financetwitter
Last year when the China's State Administration of Civil Service announced they would revise Criminal Laws to include cheating in the country's national servant exams, some laughed and thought the Chinese authorities were merely blowing hot air. The proposed laws would see cheaters sentenced to thr [...]
June 7th, 2016 by financetwitter
At least 3 new polls show Brexit - British Exit - could succeed on June 23 after all. An online survey by ICM shows 48% wanted to leave European Union as opposed to 43% who don't. Pollster YouGov found "Leave" on 45%, with "Remain" on 41%. Meanwhile, TNS registers 43% Britons preferred "Out" as com [...]
June 6th, 2016 by financetwitter
Sungai Besar and Kuala Kangsar by-elections are set for multi-cornered fights, as expected. It appears Pakatan Harapan (Hope's Pact) consisting of DAP, PKR and Amanah political parties is not as screw up as it had been during the recent Sarawak state election. Well, at least PKR who had clashed with [...]
June 6th, 2016 by financetwitter
Float like a butterfly. Sting like a bee. He was "The Greatest". Muhammad Ali, one of the world's greatest boxers, died on Friday, June 3, at the age of 74. Born Cassius Marcellus Clay on January 17, 1942, in Louisville, Kentucky, Ali started boxing at age 12 after his new bicycle was stolen and [...]
June 5th, 2016 by financetwitter
Last year, Prime Minister Najib Razak almost achieved what his father did back in 1969 - a bloody racial riot. We're talking about Low Yat Crisis, of course, which was sparked by two young Malays involved in phone theft, but very quickly turned into a racial riot when the culprits returned with 6 mo [...]
June 3rd, 2016 by financetwitter
Brexit - British exit from EU - is very real and could happen after a referendum on June 23, roughly 3 weeks away. Unlike a referendum on Scottish independence which took place on 18 September 2014, the Brexit is different simply because the Kingdom of Scotland and the Kingdom of England have been [...]
June 3rd, 2016 by financetwitter
OPEC unsurprisingly failed to agree on anything (*yawn*), despite market got very excited about a potential output ceiling. "Hope is a powerful weapon and no one power on earth can deprive you of." - Nelson Mandela wrote in a letter to Winnie Mandela in 1969. But that's what OPEC members and other [...]
June 2nd, 2016 by financetwitter
You might not know this but the British Broadcasting Corporation - BBC - has an interesting department. The post - BBC Head of Religion and Ethics - has seen Professor Aaqil Ahmed as the first Muslim to be appointed to the role in the BBC's 87-year history. Understandably, when Mr Aaqil was appointe [...]
June 2nd, 2016 by financetwitter
A key goal of Saudi Arabia’s Vision 2030 plan is to increase the number of women in the workforce from 22% to 30%. The vision, which was announced by Saudi Deputy Crown Prince Mohammed bin Salman last month, is supposed to prepare the kingdom for an era in which it does not rely heavily on oil. [...]
June 1st, 2016 by financetwitter
Are you a business owner who employs a battalion of staffs or workers? More importantly, do you, as a boss, believe that young workers produce higher productivity than older workers and in a process which you didn't even realise, have practiced age discrimination against your older workers who had f [...]
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