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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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August 26th, 2015 by financetwitter
Formed in 2006, Bersih had organised 3 rallies in the past - Bersih 1.0 (2007), 2.0 (2011) and 3.0 (2012). The fourth rally, Bersih 4.0, is just days away. The first rally (Bersih 1.0) was instrumental in sending former Prime Minister Abdullah Badawi into retirement, so that the sleeping beauty can [...]
August 26th, 2015 by financetwitter
Lee Hsien Loong administration is seeking a fresh mandate from voters, after President Tony Tan Keng Yam agreed to a request and dissolved the 12th Parliament of Singapore today (Aug 25, 2015). Nomination Day has been set on September 1 and Polling Day will be on September 11 (Friday), which will be [...]
August 25th, 2015 by financetwitter
U.S. stocks tumbled on Monday, with the Dow Jones Industrial Average (DJIA) dropping to an 18-month closing low that saw the blue-chip benchmark briefly plummet more than 1,000 points. It closed down 588 points, but not before it created a moment of panic when it went down as much as 1,114 points du [...]
August 24th, 2015 by financetwitter
Malaysian Ringgit has just hit another new high - RM4.2570 to one US dollar. Forget about what the specialists and experts say about the local currency. Didn't someone tell you less than a month ago that ringgit is to trade between RM3.80 to RM4.10? Well, screw them because they know nuts about the [...]
August 24th, 2015 by financetwitter
Humankind cannot live without games. The gaming industry is estimated to worth about US$88 billion this year (2015) and is expected to skyrockets to US$110 billion by 2018. Apple iOS developer made an impressive US$10 billion in revenue for the fiscal year 2014, although not the entire figure goes t [...]
August 23rd, 2015 by financetwitter
Dow plunges 530.94 points on Friday. With more than 1,000-point drop this week, this was the largest weekly drop since Oct 10, 2008 for Dow. Crude oil prices briefly dropped below US$40 a barrel on Friday, the lowest seen since the financial crisis. The effect of devaluation of the Chinese Yuan has [...]
August 21st, 2015 by financetwitter
Are you ready for Bersih 4.0? Or should we ask if you're going for the Bersih 4.0 (although I'm not sure why Johor has been left out)? Regardless whether this round will be a huge success, or flop miserably big time, the fact remains that Bersih was a huge success, based on how its past three rallie [...]
August 20th, 2015 by financetwitter
Going by everything that we know so far about the Bangkok deadly bombing, Thai junta Chief Prayuth Chan-ocha seems to be as clueless as everyone on the street about what has hit the city. The Chinese embassy in Bangkok has slammed the local media for blaming the attack on Thai government's deportati [...]
August 20th, 2015 by financetwitter
Two months ago, Malaysia football team, once the best in Asia in the 1970s, suffered a humiliating defeat. Earlier in March, the supposedly ferocious "Harimau Malaya" team was tamed by Oman, beating the Malaysian team to a 6-0 defeat. But it was alright because Oman was a super rich country.
&nbs [...]
August 19th, 2015 by financetwitter
China is home to about 20 million Muslims, with the Uyghur being the second biggest group constituting roughly 41% or 8.4 million. The Uyghur are a Turkic ethnic group live primarily in the Xinjiang Uyghur Autonomous Region in China. Last month, Thailand forcibly deported 109 Uyghur back to China.
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