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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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May 21st, 2015 by financetwitter
Are you a proud private jet owner who have lots of cash to burn? If yes, does your private jet have private bed or jacuzzi? We bet your jet don't have a "fireplace". Yeap, we're pretty sure your jet don't have one, even though if you're the President of the United States flying on Air Force One, for [...]
May 20th, 2015 by financetwitter
Up to today, many still think that HSBC is actually a bank which is Chinese-owned, Hong Kong-based, located and headquartered in the small but prosperous financial city. After all, HSBC refers to "HongKong and Shanghai Banking Corporation". Well, it's HQ was based in Hong Kong until 1993 before the [...]
May 18th, 2015 by financetwitter
Emperor Najib Razak's pet project - 1MDB - is getting messier and complicated every day. What was supposed to be a straight forward profiteering project has turned into the biggest plundering scandal in the history of the country. Malaysian Prime Minister Najib has also started his counter attack a [...]
May 15th, 2015 by financetwitter
What do these big names have in common - Dato Dr Warren Eu, Lt. General Athiwat Soonpan, Datuk Raymond Chan Boon Siew, Datuk Daniel Tay, Dato Nazifuddin (second son of Prime Minister Najib Razak)? They're all involved in uFun Group (directly or indirectly), a supposedly superbly successful company [...]
May 14th, 2015 by financetwitter
Cash is King, goes the powerful saying, which is still true today. Soon, we may enter a new dimension, whereby money in terms of cash will be made "illegal". Here's why cash is horrible - it's dirty because a U.S. study found 3,000 types of bacteria on bank notes. Cash is easily torn, not to mention [...]
May 13th, 2015 by financetwitter
North Korean supremo Kim Jong-Un may not be that good looking and charismatic a leader to lead a country of about 25 million people. But his unpopularity and brutality could easily rival that of his father and even grandfather. His chubbiness, most probably due to consume too much cheese, could easi [...]
May 13th, 2015 by financetwitter
The Big Mac index was invented by "The Economist" in 1986 as a creative way of measuring purchasing power parity (PPP) between two currencies. Using McDonald's Big Mac hamburger as the index, it provides a fun way of telling if a currency is undervalued or otherwise. For example, the average price o [...]
May 12th, 2015 by financetwitter
With Russia still struggling after the collapse of oil prices, Putin administration needs to keep his people happy while feeding his expanding military forces. Although the oil prices have recovered ever since, it's still too far away from the peak of US$110 a barrel. Putin wants his people to forge [...]
May 12th, 2015 by financetwitter
Four years ago, the notorious terrorist supremo - Osama bin Laden - was killed by United States SEAL teams. The supposedly 40-minute helicopter assault mission on a fortified compound of a US$1 million “mansion” outside of Abbottabad, about an hour’s drive (50 km) from Islamabad, Pakistan, wa [...]
May 11th, 2015 by financetwitter
Let's get real, the biggest mistake committed by Prime Minister Najib Razak was sending Anwar Ibrahim to jail, in his attempt to pacify Godfather Mahathir Mohamad. If only he had spent less time golfing and massaging his gorgeous wife Rosmah, and instead read Chinese historical novel "Romance of the [...]
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