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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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September 29th, 2015 by financetwitter
No politician, both from the Republican and Democrat, actually believed Donald Trump, someone they like to call a clown, could go this far. There's little doubt that his "Apprentice" effect helps Trump tremendously. At least, he doesn't need to spend a penny marketing himself, unlike other president [...]
September 28th, 2015 by financetwitter
Russia and Iran have announced a new coalition to defend Syrian Bashar al-Assad so that they can defeat the ISIS. So, move over America and let the Russian show you how to fight the jihadists. Moscow has already moved fighter jets and tanks into Syria so Putin is dead serious about kicking some butt [...]
September 28th, 2015 by financetwitter
UMNO, the backbone of the Barisan Nasional (BN) government in Malaysia must have been in total shock over an unexpected visit by China ambassador Huang Huikang to Petaling Street (Chinatown). It is safe to conclude that Red Shirts leader Jamal Md Yunos, sponsored and endorsed by Prime Minister Najib [...]
September 27th, 2015 by financetwitter
Less than 2-weeks after a huge red crane crashed into a part of the Saudi Arabia's Grand Mosque - the largest in the world - killing at least 107 people with more than 238 people injured, a second disaster happened in the rich kingdom. This time, it was due to stampede which killed 769 and injured m [...]
September 26th, 2015 by financetwitter
Terrorism means an act including but not limited to the use of force or violence and/or threat, of any person or group of persons done for or in connection with political, religious, ideological or similar purposes. The question everybody is whispering now - is Malaysia on the verge of experiencin [...]
September 24th, 2015 by financetwitter
The craze for iPhone is here again. Apple Store is seeing long queues as Apple fans have begun waiting patiently to get the latest iPhone 6S and iPhone 6S Plus. The iPhone 6S goes on sale tomorrow and Apple fanatics in the UK are already queuing up for it in London. But in Australia, something reall [...]
September 23rd, 2015 by financetwitter
Going by the number of people who rejoice at the news that a U.S. federal grand jury is examining allegations of corruption involving the Malaysian Prime Minister Najib Razak, and people close to him, presumably his stepson Riza Aziz and partner-in-crime Jho Low; it doesn't take a rocket scientist t [...]
September 22nd, 2015 by financetwitter
Does the name Popeye Vásquez ring a bell? No, not the "Popeye the Sailorman" cartoon but "Popeye the Hitman" who admitted to killing about 300 people as the right-hand man to Pablo Escobar, the Colombian notorious drugs lord. Not only he killed so many people including his own girlfriend, Popeye al [...]
September 21st, 2015 by financetwitter
If you've been living in a cave the last few days, then you probably haven't heard about Ahmed Mohamed and his bomb lookalike clock. Some call him the Muslim hero America has been waiting for. Some call him the biggest scammer in the history of America. Nevertheless, #IStandWithAhmed has been [...]
September 20th, 2015 by financetwitter
Last week, MRCB (Malaysian Resources Corp Berhad) and George Kent Berhad were awarded a huge project for the Light Rail Transit 3 (LRT3) linking Bandar Utama to Klang. MRCB is a GLC (government-linked company) by virtue of EPF (Employee Provident Fund) owning 38% stake in it. George Kent's boss, Tan [...]
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