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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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December 10th, 2014 by financetwitter
Soon, courier services will be out of business and their employees will be out of job. That's because Amazon, U.S. largest Internet-based company, will deploy thousands of drones in delivery service. Amazon announced proposals for a drone delivery service called Amazon Prime Air in December 2013. Th [...]
December 9th, 2014 by financetwitter
The concept car was revealed in March last year at the 2013 Geneva motor show. Based on a Ferrari 458 Spyder, the Sergio Pininfarina was named after the Italian coachbuilder's legendary chairman who dies in July 2012. Sure, the Pininfarina may not be as fast as the evil Ferrari FXX K (that's not a v [...]
December 8th, 2014 by financetwitter
Do you still own that piece of dinosaur-aged music player called iPod Classic? If you do and the Apple's gadget is still in working condition, congratulations. You own a piece of antic which could fetch millions of dollars in another 100-years, if it still works by then. Do not underestimate this cl [...]
December 5th, 2014 by financetwitter
Starbucks Corp., the world's largest coffee-shop chain has a new objective - to double food revenue to more than US$4 billion (£2.5 billion; RM13.8 billion) in the next 5-years. And how does it plan to do it? Interestingly, it plans to expand its lunch offerings with new menu - beer, wine and more [...]
December 5th, 2014 by financetwitter
Everyone was hoping for it to happen, but certain governments were praying it won't materialise. We're talking about global crude oil prices. The subject on petrol or gasoline is definitely going to dominate the news until it stabilises. It could make or break a country's economy, especially when th [...]
December 4th, 2014 by financetwitter
Today is Thursday and by normal convention, you should be happy. Tomorrow you should be happier and of course, the next subsequent day as we enter the weekend, it should be the happiest day of the week. But when are the sad days within a week, month or even a year? Enter Google search interest - whe [...]
December 3rd, 2014 by financetwitter
Remember how Malaysian prime minister Najib Razak praised the ISIL / ISIS barbarians to the sky not many moons ago? Well, fortunately for him, he didn't sign up as one of thousands of foreign jihadists in Syria. We're not talking about PM Najib not getting his reward - 72 virgins in heaven - in an e [...]
December 2nd, 2014 by financetwitter
Does Mobile Air ring a bell? No? How about Jover Chew? Jover who? Never mind, how about Singapore Sim Lim Square? Ahh, the notorious electronic goods and services centre which even Singapore authorities have problem cleaning up, or rather refuse to clean up, ever since its establishment in 1987. Si [...]
December 1st, 2014 by financetwitter
Some important commodities are being whacked as we enter the month of December. Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, resulting in the glittering metal tumbled more than 2% at one point to US$1,142.90 per ounce. Copper also fell to as low as $6,230. [...]
November 29th, 2014 by financetwitter
This year alone, there were a whopping 15 new Asian smartphone makers emerging from nowhere with a single mission of crushing Samsung, and hopefully Apple. So far, they have successfully make Samsung run for its money. These makers are from China, India, Pakistan, Indonesia, Thailand, Philippines an [...]
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