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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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July 2nd, 2007 by financetwitter
In the race to see who is the greatest among all listed companies to be able to cook the most astonishing accounting books, it seems Megan Media Holdings Bhd (KLSE: MEGAN, stock-code 7101) might emerge as the winner after all, at least for now.Megan Media Holdings Bhd, which reported accounting frau [...]
July 1st, 2007 by financetwitter
AppleInsider reported that Apple Inc.’s (Nasdaq: AAPL, stock) iPhones have largely been sold at AT&T’s (NYSE: T, stock) shops. AT&T reported on Saturday that the supply of the iPhones given for the launch just a day before had been “virtually” sold out completely. Apple’s own suppl [...]
July 1st, 2007 by financetwitter
Talk about property stocks and Mah Sing Group Berhad (KLSE: MAHSING, stock-code 8583) will probably pop-up from everyone’s mouth. If you do not know this stock, chances are you’re living in the stone-age. It’s one of the darling stocks for property investors, and this stock has been blogged en [...]
June 29th, 2007 by financetwitter
It was as if only yesterday when Hong Kong became the Special Administrative Region of China. How time flies, it’s already 10 years since 1997 when Hong Kong was returned to the rightful owner, China. As Hong Kong prepares to mark a decade since Chinese rule, the local government's pulling out all [...]
June 29th, 2007 by financetwitter
It is so easy to get funding from Malaysia government, if you’re ambitious enough to become a millionaire. What you need to do is to prepare a fairy-tale proposal with a colorful promise that the local have the talents (don’t tell anything about importing foreign expertise, not that the governme [...]
June 28th, 2007 by financetwitter
The longer I looked at the checks of Maxis Communications Berhad (KLSE: MAXIS, stock-code 5051) which I’ve received, the more I hate the way minority shareholders are being treated. Before Ananda was where he’s today, he sweet-talked the public into subscribing to his Maxis’s share (it wasn’ [...]
June 28th, 2007 by financetwitter
Kyodo News reported that Malaysia has offered Japan's Sumitomo Corp. (TYO: 8053) a $1.5 billion deal to lay a 700-kilometer long submarine cable which will transmit electricity from the Bakun hydroelectric dam in Malaysia's Sarawak State on Borneo to Peninsular Malaysia. It was reported that Energy, [...]
June 27th, 2007 by financetwitter
June 29th 2007 – mark this date as it could be one of the most important day in the civilization of mankind, the revolutionary phone will arrives at the store near you (only if you’re in the States). The shipments of the iPhone from Asia (via a “Hong Kong-based air courier”) are accompanied [...]
June 27th, 2007 by financetwitter
I knew something wasn’t right when Hextar Holdings Bhd announced it was pulling out from the listing yesterday. Heck, why would someone just pull-out from the exercise that could potentially give you instant millions of dollars for your company? Something must be seriously wrong right? Furthermore [...]
June 26th, 2007 by financetwitter
Immediately after Maxis Communications Berhad (KLSE: MAXIS, stock-code 5051) stocks stop trading on the stock exchange due to privatization, Ananda Krishnan found a new buyer for his cash-cow. Reuters reported that Saudi Telecom Co., the largest Arab telecom firm, is to buy 25 percent of Maxis in a [...]
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