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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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January 25th, 2011 by financetwitter
In a surprise move, Google announced that Larry Page, one of its founders, will replace Eric Schmidt as the company’s CEO in April. The news came on the same week Apple announced that Steve Jobs, the man instrumental in iPod, iPhone and iPad, would be on medical leave without much more details. Wa [...]
January 19th, 2011 by financetwitter
News that Apple CEO Steve Jobs is taking another medical leave of absence spooked investors so much so that many speculators predicted the stock price would tumble at least by 10% even before the opening bell on Tuesday. As expected, the stock price plunged but by a smaller 6 percentage points only. [...]
January 12th, 2011 by financetwitter
Verizon Wireless, the largest U.S. wireless carrier, will start selling Apple Inc.’s (Nasdaq: AAPL, stock) iPhone 4 early next month, ending AT&T Inc's (NYSE: T, stock) exclusive 4-year hold over the blockbuster smartphone and sending millions into long queues around the world for the gadget. [...]
January 8th, 2011 by financetwitter
Facebook is the world’s largest social network, with over 500 million users. Founder Mark Zuckerberg launched “Thefacebook” (thefacebook.com) on Feb 2004 before rename it as just “Facebook” after secured the domain facebook.com in 2005 for $200,000. Facebook actually started as Facemash, a [...]
January 6th, 2011 by financetwitter
Commodity prices had performed superbly 2010 and experts believe the bullish momentum would continue this year, 2011. Oil prices rose 15% and gold gained 30% in 2010. According to survey, investment strategists from Goldman Sachs, Jefferies & Co., Wells Fargo and other investment houses are pred [...]
January 3rd, 2011 by financetwitter
Singapore economy was reportedly to have expanded by a whopping 14.7% against Ministry of Trade and Industry’s (MTI) growth forecast of 15%, making the country the fastest-growing economy in the world after Qatar, according to IMF (International Monetary Fund). While Singapore is enjoying vibrant [...]
December 31st, 2010 by financetwitter
New Zealand’s largest city, Auckland was the first major city that welcomes the New Year 2011. Two hours later, Australia’s Sydney celebrated the new year with an estimated 1.5 million people gathered to watch the 12-minute $5 million fireworks display over the city’s iconic Harbour Bridge. Sy [...]
December 29th, 2010 by financetwitter
When the Apple iPad was announced, many predicted the gadget would kill Amazon Kindle. With the hype over such gadget by Apple, it was natural to predict that Kindle would end up in the graveyard and who can blame them? But Kindle and iPad was not in the same league so it was not an apple-to-apple c [...]
December 25th, 2010 by financetwitter
The concession agreement for PLUS Expressways was awarded to United Engineers (M) Sdn Bhd (now UEM Group) for a period of 30 years, starting May 1988. Public outcries soon after the 1997 Asia Recession and Mahathir administration gave a tickle so that the concessionaire restructured and reduced the [...]
December 9th, 2010 by financetwitter
The question of when will Malaysia PM Najib Razak call for a snap election is drumming louder. Will it be in the first half of 2011 simultaneously with the Sarawak state election, in the second half of 2011 if the Sarawak’s state election results are BN-favorable, or in 2012 if Sarawak results fal [...]
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