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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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April 11th, 2011 by financetwitter
Malaysian Prime Minister Najib Razak has been sweating a lot lately, not because of his hectic schedule due to Sarawak state election but because the intelligence reports could not confirm Sarawak, being ruling government's "fixed deposit", would maintain its two-thirds majority. Hence the change of [...]
April 10th, 2011 by financetwitter
Bond ratings firm Moody thinks Nokia Corp's (NYSE: NOK, stock) outlook is poor and reduced it to negative. It's no brainer that Nokia's position in mobile devices has been weakened tremendously especially in the current smart-phone business, not even Nokia's adoption of Windows Phone 7 platform coul [...]
April 6th, 2011 by financetwitter
Facebook is about to move its headquarters from Palo Alto to Menlo Park, a 57-acre campus about 30 miles south of San Francisco. The campus was formerly occupied by Sun Microsystems until it was bought over by Oracle Corp last year. With headcount growth of about 50% a year, it was hope the new site [...]
April 5th, 2011 by financetwitter
Sometimes it's super dangerous to have politicians who couldn't care less about human lives as long as they can make some millions (through corruption) at their backyards. It's one thing that your country couldn't generate enough power to need demands but it's another thing if you're toying with the [...]
March 25th, 2011 by financetwitter
RIM is toast, if the stock price's performance in after-hours trades is any indication after the company announced its earnings. Well, the earnings was great with the fourth-fiscal quarter surged 32% on strong sales of the company’s BlackBerry smartphones. What was disastrous was the forecast for [...]
March 24th, 2011 by financetwitter
If there's one country in the world where you can enjoy sex scandals particularly involving politicians, that country is Malaysia. And if there's one politician who can do sex like a rabbit, that politician is definitely the opposition leader Anwar Ibrahim, at least that was what revealed by a myste [...]
March 17th, 2011 by financetwitter
A cloud of white smoke rose above Japan's earthquake-damaged Fukushima Daiichi nuclear plant Wednesday. The cloud of smoke came from the No. 3 reactor and presumed to have been vapour from a spent-fuel storage pool at the reactor. Immediately officials asked workers at the plant to evacuate after th [...]
March 16th, 2011 by financetwitter
Stocks around the globe dropped like a stone at the start of trading on news that dangerous levels of radiation are leaking from a crippled nuclear plant in Japan after a magnitude-9 earthquake followed by tsunami. In a situation where you’re uncertain about the impact of the nuclear crisis especi [...]
March 15th, 2011 by financetwitter
Japan’s stunning earthquake may be over but there’re reports that smaller scale of magnitude-7 aftershock may be coming. A magnitude 7 quake is capable of destroying buildings and triggering tsunamis. Japan Prime Minister was certainly right to say that the country is facing its worst crisis sin [...]
March 14th, 2011 by financetwitter
U.S. Geological Survey said the reading was 8.9 but the Japanese officials raised their estimate Sunday of the quake's magnitude to 9.0. Either way, it’s the strongest and the worst that hit Japan in 140 years. Just when you thought the uprising in the Middle East particularly Libya would have kep [...]
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