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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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February 10th, 2012 by financetwitter
Going by the rate on how opposition PKR strategy director Rafizi Ramli exposing CowGate scandal, it's hard to see how PM Najib can retain Shahrizat - Senator cum back-door Minister cum Minister of Women, Family and Community Development. If for some weird reasons Najib decided that Shahrizat is a wi [...]
February 4th, 2012 by financetwitter
Facebook, in one of the world's most widely anticipated IPOs (initial public offerings) of stock, filed papers to raise at least $5 billion, which is expected to value the whole company at $75 billion to $100 billion, and is set to begin trading on stock exchange by May (under the symbol "FB"). The [...]
January 31st, 2012 by financetwitter
Going by the rate on how MCA (Malaysian Chinese Association) tries to make itself relevant to the Chinese voters but with failure on each attempt, it seems its president Chua Soi Lek may never recover his investment for the presidency he won in Mar 2010. In fact, one can be forgiven to say MCA may d [...]
January 17th, 2012 by financetwitter
A week after iPhone 4's launching, I tried my luck in getting the gadget without much high hope. After all, most of my friends advised me to go in early in the morning if I ever hope of getting one. And since it was around tea-time, I thought I would just ask for the sake of asking. The salesman ask [...]
January 12th, 2012 by financetwitter
By now everybody in Planet Earth knows de-facto opposition leader, Anwar Ibrahim, has been acquitted on a charge of sodomising his former aide Mohd Saiful Bukhari Azlan in 2008. The acquittal surprises many people - from opposition parties, Najib administration, former premier Mahathir and even Anwa [...]
January 4th, 2012 by financetwitter
One of the reasons why I'm looking forward to the first day of the New Year was the prospect of bombshells of news, besides the glittering and spectacular fireworks, of course. As predicted, the peaceful short demonstration by young students at UPSI ended with bloods, thanks to the kind hospitality [...]
January 1st, 2012 by financetwitter
The New Year 2012 has been welcomed with spectacular fireworks across the globe and as with previous year, Australia showed the rest of the world how to have a good time and another round of magnificent fireworks. With hundreds of thousands thronging the harbour, Sydney welcomed 2012 in style - a wh [...]
December 29th, 2011 by financetwitter
Vast crowds, some reports said up to a million people gathered in Pyongyang's central Kim Il-sung square to observe the end of an official period of mourning for the late Kim Jon Il. The 3-hour funeral was filled with mourners weeping and beating their chests while many South Korean celebrated. Inte [...]
December 28th, 2011 by financetwitter
World Wide Web (WWW) is easily one of the greatest things since sliced bread. Since Tim Berners-Lee played with hypertext (and subsequently web's http) in 1980, the world has been changed beyond imagination. Investors, traders, speculators and average-Joes for the first time can buy and sell stocks [...]
December 24th, 2011 by financetwitter
The passing of North Korea leader Kim Jong Il sent global stock markets tumbling for obvious reason - untested young son Kim Jong Un taking over from a country with a nuclear program and 1.2-million strong military, not to mention its history invasion into South Korea. While United States, South Kor [...]
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