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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 16th, 2011 by financetwitter
Besides school holidays and Christmas celebration, there are year-end bonus, annual increment, Chinese New Year and whatnot. So year end, or rather the month of December is particularly exciting for everyone. However, before the internet age, there was something that people rushed to get for themsel [...]
December 15th, 2011 by financetwitter
While former PM Mahathir was worried about nothing else but his UMNO's lavish partying, the latest being the RM250 million NFC scandal, which is driving the party into self-destruction through internal sabotage, the opposition parties are equally worried about something else. Mahathir had left his " [...]
December 8th, 2011 by financetwitter
Dubai is dead, with most of its high-rise buildings and property in static mode, thanks to its own subprime crisis which has yet to recover. There won't be any new building coming up because the city is already bloated with spaces with no takers. However that doesn't stop its neighbours from doing s [...]
December 6th, 2011 by financetwitter
Dell has announced the death of the company's Android tablet - the Streak 7 is no longer available. It's not surprising that Dell, the first major company to introduce a tablet to compete with Apple's iPad, is quitting the tablet market. While Apple's iPhone is having a tough competition with Androi [...]
December 1st, 2011 by financetwitter
It's been 50 years since a U.S. Secretary of State stepped foot in Myanmar, now shattered and isolated after decades of military rule. Hillary Clinton's upcoming visit to the country, which was formerly known as Burma, is something many never expected to see especially after years of paranoid auth [...]
November 29th, 2011 by financetwitter
More than four months ago Jarrod McKinney's jaw almost drops from the sky, when he discovered later that his iPhone still works after the gadget survived a fall from 13,500 feet. Apparently while he was skydiving, the iPhone slipped out of his pocket because he had forgotten to zip up his skydiving [...]
November 24th, 2011 by financetwitter
Obama: Mr PM, I'm still curious ... Did you actually plan to call for a snap election on 11-11-11?
Prime Minister: Of course, but I missed it due to unforeseen reason (*sigh*)
Obama: Gee, it must be very important for you to miss it since the date was your lucky number. I wonder what could be [...]
November 22nd, 2011 by financetwitter
Sultan of Brunei, Hassanal Bolkiah Mu'izzaddin Waddaulah, was once the richest person on the planet earth and his wealth was legendary. It was estimated that he earned about 90 euros every second. He had at least 3,000 to 6,000 cars and spent well over US$4 billion in high-performance cars. Guinness [...]
November 17th, 2011 by financetwitter
Still remember the highly controversial 1Malaysia E-Mail project launched by Malaysian PM Najib which costs about RM50 million of which was awarded to financially troubled company, Tricubes, not many moons ago? Well, in less than seven months after Tricubes Berhad (KLSE: TCUBES, stock-code 0062) cou [...]
November 15th, 2011 by financetwitter
The infamous "It's A Bird ... It's A Plane ... It's Superman" tag, referring to the superhero who wears his red underwear outside, is here again. However, since this is a Malaysian version, the superhero's adventure would undergo a total re-engineering. It would be a blockbuster. It could even wake [...]
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