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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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December 14th, 2015 by financetwitter
San Bernardino shooting raised President Barack Hussein Obama eyebrows because the culprits were a couple with a 6-month-old baby. When was the last time you read about a husband-wife tag-team going on a shooting spree, abandoning their baby? Syed Rizwan Farook and his Pakistani wife Tashfeen Mali [...]
December 13th, 2015 by financetwitter
On 3rd Dec, 2014, gasoline was selling as low as US$1.98 in the United States. An Oncue Express station in Oklahoma City was selling the gasoline for US$1.99 a gallon, the first one to drop below US$2 in the U.S. since July 30, 2010. That was roughly about £1.27 or RM6.86 a gallon (3.785 litres) [...]
December 11th, 2015 by financetwitter
Islamic State terrorists claimed responsibility for the Friday 13th (Nov, 13th) attacks on Paris that killed 130 people and the Oct, 31 downing of a Russian passenger aircraft over Egypt's Sinai region that killed 224. They have also claimed that U.S.-born Syed Rizwan Farook and his Pakistani wife T [...]
December 10th, 2015 by financetwitter
Five months ago, China did the unthinkable - "Yuan Devaluation". President Xi Jinping was facing multiple problems back then. The Chinese stock market crashed 30% within 3-weeks. His enemy, former leader Jiang Zemin, was plotting against him by systematically selling shares in an attempt to further [...]
December 9th, 2015 by financetwitter
We're not sure if this is just the beginning and there would be further price reduction from TeslaCoil Software. But at RM1 (US$0.23, £0.16) a pop for its highly successful and cool Nova Launcher Prime, you can't go terribly wrong. After all, with the Malaysian Ringgit going down the toilet bowl, t [...]
December 8th, 2015 by financetwitter
Crude oil futures tumbled to their lowest in nearly 7 years on Monday after OPEC failed to address a growing supply glut. Brent and U.S. crude futures fell as much as 6% in reaction to the Organization of the Petroleum Exporting Countries' (OPEC) policy meeting on Friday which ended without an agree [...]
December 7th, 2015 by financetwitter
Turkey, under President Recep Tayyip Erdoğan, is playing a very lethal game of Russian roulette. Instead of loading a bullet into the chamber of a revolver, spinning the cylinder, and then pulling the trigger while pointing the gun at his own head, Erdoğan pointed the gun at Putin's head instead. [...]
December 4th, 2015 by financetwitter
All the predictions and statements by pro-Najib bloggers about the Malaysian prime minister's bravery haven't materialized. It's true that it's extremely hard to force Najib son of Razak into early retirement, thanks to former premier Mahathir who had fortified the position before he retired in 2003 [...]
December 3rd, 2015 by financetwitter
The United Kingdom voted to extend bombing missions conducted by the Royal Air Force (RAF) to Islamic State targets in Syria, which prior to an "11-hour" debate in the House of Commons, were limited to targeting ISIS in Iraq. But it wasn't Prime Minister and leader of the Conservative Party David C [...]
December 2nd, 2015 by financetwitter
On May 14, 1948 the State of Israel was established by the Israeli Declaration of Independence. Arab countries and mostly Muslim countries do not recognize Israel. In fact, out of 192 United Nations member states, 32 countries do not recognize Israel (17%) while 160 countries or 83% do. That's on [...]
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