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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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September 8th, 2010 by financetwitter
A month after he resigned from Hewlett-Packard Co. (NYSE: HPQ, stock) following a sexual harassment investigation, former HP CEO Mark Hurd found himself a new job – as the co-president and board member of Oracle Corp., the world’s second biggest software company behind Microsoft Corp. One of Ora [...]
September 6th, 2010 by financetwitter
Now that his 10-day vacation in Martha's Vineyard is over, President Barack Obama is set to promote certain initiatives to drive the country’s economy ahead of the November election. Obama is schedule to spell out an infrastructure proposal today at a Labour Day event in Milwaukee.
The infrastr [...]
September 6th, 2010 by financetwitter
Is the money the root of all evil? But money is just a tool so people who said so were actually covering their weaknesses of greed, envy and whatnot. Money normally comes with fame and when you have both the money and fame you would somehow destroy it simply because you would start doing stupid thin [...]
September 4th, 2010 by financetwitter
Regardless whether you’re going on a business or holiday trip, waiting for your flight at airport is perhaps the most boring and time-consuming process. The waiting period is made worse when your flight is rescheduled and suddenly you’ve additional hours of boring time to burn. However if you ha [...]
September 3rd, 2010 by financetwitter
Steve Jobs didn’t disappoint the audience when he presented the latest offerings from Apple Inc. (Nasdaq: AAPL, stock) yesterday as can be witnessed from the stock price that skyrocket more than 3%. Here’re the 20 things presented by Steve Jobs, in case you’re interested.
[ 1 ] Apple now [...]
September 2nd, 2010 by financetwitter
TMC Life Sciences Bhd (KLSE: TMCLIFE, stock-code 0101) former founder and managing director has finally resigned, as expected after he sold all his stakes in the company. Without any stake it’s only logical for him to resign, sooner rather than later. Let’s put it this way, your commitment someh [...]
September 2nd, 2010 by financetwitter
Launched in 1997, HARDtalk is the hard-hitting flagship news programme which is broadcast four days a week (Monday to Thursday) on BBC World News and BBC News Channel. The reason why the programme was so “HARD” is the fact that the programme is almost No-Holds-Barred in the sense that the interv [...]
September 1st, 2010 by financetwitter
Apple has called a press conference (or rather Special Event) on Wednesday, September 1st in San Francisco 10:00 a.m PST. Not only Apple Inc. (Nasdaq: AAPL, stock) die-hard fans are waiting anxiously for this event but stock analysts and speculators are equally excited about this event as any extrao [...]
August 31st, 2010 by financetwitter
Singaporeans would be “prudent” to let foreigners do the gambling at the casinos in the two new integrated resorts (IRs) as such a move will be a “sure-win” situation, as taxes levied on gambling would boost government coffers, Prime Minister Lee Hsien Loong said yesterday at the National Da [...]
August 28th, 2010 by financetwitter
The way U.S. big boys are managing (or rather firefighting) the economy is pretty amusing though. President Obama is clueless on how to drive the country out of recession while the CEOs are finding scapegoat blaming Obama squarely for the weak economy and Bernanke is literally saying “Don’t worr [...]
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