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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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May 3rd, 2016 by financetwitter
Frank William Abagnale, Jr. became one of the most famous impostors ever, after he impersonated no fewer than eight identities, including a physician, a lawyer and an airline pilot. Frank who? Try Leonardo DiCaprio as Frank in the film "Catch Me If You Can" and you'll understand why the 14-year-old [...]
May 2nd, 2016 by financetwitter
We're not sure why our server had gone bonkers 3 days ago. What we know is it happened right after we published our article about GST hike to 8%, planned to be effective next year on 1 April. We also know it wasn't due to traffic simply because we had experienced 3-time more traffic on other article [...]
April 28th, 2016 by financetwitter
Muhammad Ibrahim should send a postcard thanking The Wall Street Journal for exposing an initial decision by Najib administration, allegedly to appoint bootlicker Irwan Serigar Abdullah as the next Bank Negara (Central Bank) Governor. Muhammad, presently the Deputy Governor of Bank Negara Malaysia w [...]
April 27th, 2016 by financetwitter
For the first time in 13 years and after 51 consecutive quarters of uninterrupted sales growth since 2003, Apple sales finally collapse. The tech giant reported revenue of US$50.6 billion and earnings of US$1.90 per share. Analysts were looking for US$52 billion and US$1.99, respectively. Last year [...]
April 26th, 2016 by financetwitter
Let's play the mind game about killing the snake again. If you see a snake, an Indian, a Malay and a Chinese, who should you kill first? Well, kill the Indian first, of course, because he could twist, turn and even convince the snake that both the Malay and Chinese were evil devil and wicked witch t [...]
April 25th, 2016 by financetwitter
You've read about KFC chickens with 6 wings and 8 legs but you might rubbish it as merely rumours. You might even laugh off such KFC-bred mutant chickens as one-off case of accident genetically modified chicken. But something quite yucky seemed to have consistently occurred at KFC, until it was expo [...]
April 25th, 2016 by financetwitter
Those who live in glass houses should not throw stones, goes the popular proverb. It's particular true when one had successfully escaped from a pariah fake democracy country like Malaysia to a developed United Kingdom, the British Empire that happens to have had once colonized the former.
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April 22nd, 2016 by financetwitter
Volkswagen (VW) admitted cheating on emission tests for 11 million vehicles worldwide since 2009. The scandal, popularly known as DieselGate, was exposed in September last year by the Environment Protection Agency (EPA) who discovered VW cars being sold in America had a "defeat device" - or softwar [...]
April 21st, 2016 by financetwitter
Born a slave in Maryland, Harriet Tubman was beaten and whipped by her various masters as a child. But 194 years after she was born and tortured, Tubman (born Araminta Ross; 1822 - March 10, 1913) is to become first African-American on U.S. currency. And she's going to replace former President An [...]
April 20th, 2016 by financetwitter
If you see a snake and an Indian, kill the Indian first - goes the saying. This belief, or rather an insult or even a racist statement, is not only popular in Malaysia but also Thailand and even the America. Of course, in the U.S., they were referring to the Indian as in the Native Americans who rul [...]
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