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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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March 26th, 2015 by financetwitter
There's a new transportation service which could make you the envy of your facebook friends, simply because you live in San Francisco while they are not. Launched last week, the new private bus service offered by "Leap Transit" makes you feel more like "Starbucks than a bus." Costing US$6 (£4; RM22 [...]
March 25th, 2015 by financetwitter
With less than a week before GST officially kicks in, and makes every Joe and Jane poorer by 6% every time they buy something, people are still distracted by "Hudud Law" - a primitive and discriminative law Kelantan PAS government wants to implement. Actually, this law will never get to see the ligh [...]
March 23rd, 2015 by financetwitter
Depending on when you were born, you either love or hate Lee Kuan Yew. The first Singapore's prime minister passed away at the Singapore General Hospital today at 3.18am, aged 91. Mr Lee, whose health rapidly deteriorated after his wife died in 2010, was in the hospital for nearly seven weeks with s [...]
March 20th, 2015 by financetwitter
Levi’s® committed to making quality jeans that should last longer “than most peoples’ waist lines,” - a bold claim made by Levi Strauss & Co. CEO, Chip Bergh, some time in May last year. If we're still in the age of "Cowboy Boots with Levi's Jeans", then there's little question about t [...]
March 19th, 2015 by financetwitter
Federal Reserve Chair Janet Yellen should just resign and let others take over the position. It seems she couldn't stomach the pressure that comes with one of the most powerful jobs in the world. Is she an equally great liar and a lame duck, just like empty vessel President Obama, who nominated her? [...]
March 19th, 2015 by financetwitter
Starbucks is a US$70 billion company. Its currect stock price is at historical high. Starbucks has reported record revenues of US$16.4 billion (11% growth) in financial year 2014. The company also invested a staggering US$233 million in healthcare benefits and US$210 million in Bean Stock for the sa [...]
March 18th, 2015 by financetwitter
What do Facebook, Google, Microsoft, LinkedIn, Yahoo and Twitter have in common? They're all technology companies, of course. In fact, they're the most successful companies in the Silicon Valley. But what do Mark Zuckerberg, Bill Gates, Sergey Brin, Larry Page, Jerry Yang have in common? Well, they' [...]
March 16th, 2015 by financetwitter
When you were told to get ready for US$30 a barrel of oil price 4-months ago (December 2014), you probably had freaked out. By last month, however, you might have had laughed off the idea, since the crude oil (WTI) rallied from roughly US$44 to US$54 a barrel. Today, you may kick yourself, if you ha [...]
March 13th, 2015 by financetwitter
Frozen was an absolute smash hit for Disney. It grossed a whopping US$1.27 billion (£850 million; RM4.7 billion) in global ticket sales, beating another Disney/Pixar animated film - Toy Story 3 - which grossed US$1.063 billion in 2010. Instantly, Frozen becomes the highest grossing animated film ev [...]
March 12th, 2015 by financetwitter
Elephants never forget - goes an old saying. So, unless you're looking for trouble with the beast, you should not do something silly that the jumbo would remember you for the rest of its life. Well, a man in China seemed to remember stories about elephants' incredible memory, but he didn't know that [...]
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