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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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July 5th, 2015 by financetwitter
By now, the whole world knows there's a new billionaire in town. Name's Razak, Najib Razak, the Prime Minister of Malaysia. Actually he's not a billionaire yet, if measured in U.S. dollar. But he's certainly a multi-billionaire in Malaysian ringgit. Here's how he catapulted himself to the Forbes Mal [...]
July 3rd, 2015 by financetwitter
The next time you visit Malaysia, observe something very peculiar. As a tourist, you would probably see drivers open their car's door, instead of roll down the window, to pay parking or toll fee. This magnificent phenomena is due to the fact that Malaysian drivers have not recovered from a "permanen [...]
July 2nd, 2015 by financetwitter
Yay! the comedian is back in town. We're talking about Ibrahim Ali, the president of Perkasa, one of many agencies under UMNO payroll entrusted to do all the dirty jobs. Also called a "toad" or "frog" by critics, Ibrahim Ali is not much different from Donald Trump, the wannabe who is running for the [...]
July 2nd, 2015 by financetwitter
Have you watched the two films we recommended about a year ago? Flashback - "Inside Job" and "The Wolf of Wall Street", released in 2010 and 2013 respectively, are two movies you must watch to understand the reality of financial markets. And in case you've missed our previous article, go read about [...]
June 30th, 2015 by financetwitter
Reaching economic meltdown, there're basically two types of business that are still booming in Greece - tourism and flag sales. Tourists are still coming in drove while flag salesmen are doing roaring business, thanks to a pending July 5th referendum to decide if Greece will eventually exit from the [...]
June 29th, 2015 by financetwitter
As expected, the most efficient super cop on planet Earth - Khalid Abu Bakar - has announced that Malaysian police have found no elements of CBT (criminal breach of trust) in MARA's corruption scandal in Australia. Mr Khalid, the Inspector General of Police (IGP) can now washes his hands off the cas [...]
June 25th, 2015 by financetwitter
When Singapore was crowned as the world's most expensive city for a second year roughly three months ago, there weren’t much fireworks in the sky, at least not to the average Singaporeans. After all, with great title, comes great financial insecurity. Hence it wasn't hard to understand why the peo [...]
June 24th, 2015 by financetwitter
When a Chinese food inspector, Zhang Tao, from Hunan province opened the door of a compartment, he nearly threw up due to overwhelming stench from meat which could be as old as 40 years. Amazingly, the food had begun to thaw, suggesting that it was getting readied to be served on dinner tables and c [...]
June 24th, 2015 by financetwitter
Money is the root of all evil. Money cannot buy happiness. There're 1,001 things money can't buy. The list goes on (*yawn*). This may be boring and so yesterday, but people who agree with such statements are those who actually don't have money or have too much money. To say bad things about money is [...]
June 24th, 2015 by financetwitter
Ten years ago in 2005, then-deputy prime minister Najib Razak mooted the concept of "Glokal", a term derived from "global" and "lokal (local)" for the Malaysian ethnic-Malay community. Najib Razak, now the prime minister of Malaysia, was extremely proud when his "invention" was greeted with thunder [...]
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