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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 13th, 2014 by financetwitter
RHB was incorporated in 1983 by Tan Sri Abdul Rashid Hussain. That was more than 30 years ago. Many of our readers were not even born yet. Of course, the founder was not a "Tan Sri" yet, and the company was not known as RHB as in Rashid Hussain Berhad. Many didn't know that the company started as a [...]
July 11th, 2014 by financetwitter
Qatar‘s Supreme Committee for Delivery & Legacy have released images of the latest stadium designed for the 2022 World Cup, if they ever get to host it in the first place. The calls for a rerun for the competition to host the 2022 World Cup are getting louder ever since the damning revelati [...]
July 11th, 2014 by financetwitter
Dubai is a paradise in the Middle East. It is one of the most exciting cities in the world, and its property market is super volatile. If the people were not busy drilling oil or engaged in camel racing, they would probably gambling in the stock market or speculating the real estate. Their stock and [...]
July 10th, 2014 by financetwitter
Argentina made it to the 2014 FIFA World Cup final, thanks to the team's goolkeeper Sergio Romero, stopping two penalties and sending the only South American representative to a 4-2 victory. This is perhaps the best results we can hope for - Europe's Germany againsts South America's Argentina. It wo [...]
July 10th, 2014 by financetwitter
Apple is expected to launch the much talked about iWatch this October. The cash-rich company has since hired TAG Heuer sales director Patrick Pruniaux to give a "Swiss made" label to the iWatch. And it has just poached two more engineers from Nike - Ryan Bailey and Jon Gale - to the team. Bailey was [...]
July 9th, 2014 by financetwitter
There were two persons on planet Earth who correctly predicted Brazil would lose, in such a humiliating way. A man in Altrincham bet that Brazil would be trashed 5-0 at half time. And he won £240 (US$411, RM1,304) after putting an 80p bet. Bookmakers William Hill revealed the unidentified punter pu [...]
July 8th, 2014 by financetwitter
Switzerland-based Nestle has a market capitalization of US$239 billion (May 2014), offering Baby foods under the brands Cerelac, Nestum, Gerber Graduates and Gerber; Bottled Water under the brands Perrier, Poland Spring, S.Pellegrino and Pure Life; and many more. The biggest food company in the wo [...]
July 7th, 2014 by financetwitter
The rape scandal by Malaysian diplomat to New Zealand has entered a new phase. Despite the "promise" by the Malaysian government to send back the diplomat - Muhammad Rizalman bin Ismail, 38 - to stand trial in the Kiwi land, he is still in Malaysia. And the fact that Rizalman is asking for a delay [...]
July 7th, 2014 by financetwitter
Just when you thought Dubai was already satisfy and happy with their huge shopping mall, Dubai Mall, the emirate's ruler, Sheikh Mohammed bin Rashid al-Maktoum, announced yet another mind-boggling project - "Mall of the World". In reality, the project was revealed 18-months ago with the main objecti [...]
July 6th, 2014 by financetwitter
Last month, Japan JR East railways together with Ferrari designer, Ken Okuyama, revealed its revolutionary seven-star super-luxury train blueprint. The new luxury sleeper train, the “cruise train,” will begin carrying passengers across Japan as early as Spring of 2017. JR East is expected to sp [...]
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