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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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October 28th, 2013 by financetwitter
I had my breakfast at my favourite Mamak restaurant today. A piece of Roti Kosong, Nasi Lemak bungkus and Teh Tarik kurang manis totalled RM3.70, the same price as before the 2014 Budget last Friday. It's my favourite Mamak hangout because this is perhaps the last place on earth that will increase i [...]
October 24th, 2013 by financetwitter
Besides planning your year-end holiday, this is also the time to take a look back and see if you've done enough to maximize your tax exemption. If you're a Malaysian and the last time you bought a computer was more than three years ago, perhaps you should consider a new purchase. And if Apple Inc.'s [...]
October 22nd, 2013 by financetwitter
It's that season again - year end holiday - after a tiring twelve months working your head off. It's time to reward yourself with a nice holiday trip somewhere where your boss can't reach you (*grin*). If you're not a shopaholic, chances are you may want to pamper yourself and your love ones with a [...]
September 9th, 2013 by financetwitter
When former prime minister Abdullah Badawi did the unthinkable back in June 2008 by hiking the fuel price (RON97) by a whopping 40.62% from RM1.92 a liter to RM2.70 a liter, all hell breaks loose. It was such a huge screw-up that Badawi administration had to pacify angry Malaysians by "reimbursing" [...]
August 22nd, 2013 by financetwitter
Going by the rate ticket sales are churning out profits for Hollywood this year, the year 2013 could bypass 2011 as the highest grossing summer of all time at the box office. There're many ways to measure the success of a movie. Most would look purely at how much a movie is generating hence the "hig [...]
August 19th, 2013 by financetwitter
Warren Buffett, the CEO and largest shareholder of Berkshire Hathaway (NYSE: BRK.A, stock) is one of the wealthiest men on planet Earth. Every now and then, he would trim his holdings while add other stocks into his portfolio. In June 2013 alone, he added stocks like General Motors, Wells Fargo, Ver [...]
June 30th, 2013 by financetwitter
The Rich and Famous have very different and strange mentality from the average Joes-and-Janes. That's normal considering they constitute the 1% of the population on planet Earth. Well, they got to be different animal from the rest of 99% otherwise how do you explain their ability to amass truckloads [...]
June 11th, 2013 by financetwitter
For those who're not aware, Dubai's economy is recovering at a mind-boggling speed after their property market crash recently. And with the economic recovery, the needs of the rich and famous start to make news online once again. Some say this new toy is a waste of money, not to mention it's uglines [...]
May 29th, 2013 by financetwitter
One of the main reasons BN regime (Barisan Nasional or National Front), led by PM Najib Razak, fails to perform better in the May 5th 2013 general election was because it lost in the cyber psychological warfare. Actually opposition PR (Pakatan Rakyat or People's Alliance) didn't do anything extraord [...]
May 16th, 2013 by financetwitter
Looking at the huge crowd during all the rallies called by Pakatan Rakyat, there's no doubt thousands are still angry with the country's election system which rewards those who "first past the post". Hence the possibility of minority rule the land as in the case of PM Najib Razak's BN coalition. The [...]
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