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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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January 5th, 2016 by financetwitter
Do you have credit cards? Sure. How on earth can we live without credit cards nowadays? Even President Barack Hussein Obama has one, although embarrassingly his credit card was turned down at a posh New York restaurant, rumoured to be Estela restaurant in Manhattan, forcing First Lady Michelle to pi [...]
January 5th, 2016 by financetwitter
Angela Merkel was named Time magazine's Person of the Year 2015 for her excellent work in bringing 1-million asylum seekers to the Germany. Coincidently, after she got the title from the magazine, she pledged that she will “markedly reduce” the number of migrants entering Germany this year (201 [...]
January 4th, 2016 by financetwitter
According to Chinese astrology, 2016 is the Year of the Fire Monkey where the Lunar New Year or Chinese Spring Festival will be celebrated on Feb. 8, 2016. Technically, it is still the Year of the Sheep until Feb. 7, 2016. But it seems the mischievous monkey couldn't wait and has started playing wi [...]
January 4th, 2016 by financetwitter
For the first time in 40 years, a ship loaded with U.S. crude oil set sail for foreign shores Thursday. The mission: to sell the black gold to an international trading company Vitol Group, a Dutch oil-trading powerhouse. The Bahamian oil tanker - Theo T - departed from the Port of Corpus Christi, a [...]
January 2nd, 2016 by financetwitter
Dubai, with a population of roughly 2-million, is the largest city of the United Arab Emirates (U.A.E.) and has worked tirelessly to build itself as a major financial hub, investment destination and major tourist magnet. To be precise, it weren't the people of Dubai but the lowly paid foreign South [...]
January 1st, 2016 by financetwitter
Brent Crude Oil is trading just slightly above US$36 a barrel, forming a resistance-support at US$38-US$36 level. If today is somewhere June-2014, roughly one and a half year ago, and I were to tell you that global oil prices would tumble by 50% to US$60 a barrel; you would probably laugh to your de [...]
December 30th, 2015 by financetwitter
ISIS is the most feared terrorist group on planet Earth. Their brutality is beyond modern day comprehension. The best part is they don't fear the world's most powerful nation, the United States, nor do they give a damn about firepower from France or United Kingdom. Heck, they're not even afraid of s [...]
December 29th, 2015 by financetwitter
If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared while another shot down; the year 2015 is definitely the year of Prime Minister Najib Razak. The prime minister's multi-billion dollar scandals easily eclipse any other financial scandals one could imagine in th [...]
December 29th, 2015 by financetwitter
Many think Germany is Europe's hardest working country and Japan is the champion in Asia while Americans work the longest hour in both North and South America continents. After all, these countries are the wealthiest. Surprisingly, all three of them do not even qualify for the top-10 most hardworkin [...]
December 27th, 2015 by financetwitter
MH132 was supposed to fly directly to Malaysia capital Kuala Lumpur. Mysteriously, the Malaysia Airlines took off from Auckland Airport, New Zealand, and flew to somewhere else instead - to Melbourne, Australia. After the missing MH370 and downing of MH17 last year, the last thing the country needs [...]
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