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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 24th, 2007 by financetwitter
Gambling is perhaps one of the oldest and lucrative businesses in the history of mankind – since thousands of years ago, gambling has been part of the life or culture of Chinese civilization. Macau or Macao which is known as the Monte Carlo of the Orient has a long history of casino business and g [...]
January 23rd, 2007 by financetwitter
Malaysian gaming and resorts conglomerate Genting Group (KLSE : GENTING, stock-code 3182) has finally gained a foothold in the casino business in Macau via a tie-up with gambling mogul Stanley Ho, who in turn will take up a stake in its associated company Star Cruise Ltd (SIN : S21). Star Cruises, a [...]
January 23rd, 2007 by financetwitter
Jetstar, the budget carrier of Australian carrier Qantas Airways Limited (ASX: QAN) said it plans to fly from Sydney to Kuala Lumpur from September onwards – according to AFP today, Jan-23-2007. Subject to regulatory approval, Jetstar will fly three times weekly to the Malaysian city and will laun [...]
January 23rd, 2007 by financetwitter
Bursa Malaysia (KLSE: BURSA, stock-code 1818) chief executive officer Datuk Yusli Mohamed Yusoff today blames local investors for not having faith in Malaysian listed companies when the foreign fund managers are bullish with the Kuala Lumpur Stock Exchange.He noted that foreign institutional investo [...]
January 22nd, 2007 by financetwitter
Michael Bloomberg, the mayor of New York City together with New York Senator Chuck Schumer today expressed their concerns on the possibility of New York losing its position as the world’s leading financial center. According to a study done by McKinsey, New York could lose up to 7 per cent of its m [...]
January 21st, 2007 by financetwitter
Last Friday (Jan-19-2007) the Prime Minister of Malaysia Government, Abdullah Badawi, denied the country has to seek out a US$50bil (RM200bil) loan from overseas to finance the Ninth Malaysia Plan (9MP) stating the country has enough money to fund its national development projects. Abdullah also den [...]
January 21st, 2007 by financetwitter
TMC Life Sciences Bhd (KLSE: TMCLIFE, stock-code 0101) shares closed at its highest ever of RM1.21 after adding 23 sen or 23.47% on Friday, Jan 19 on speculative interest due to rumor that foreign interest is buying into it – said TheEdge. Also a block of 16.83 million TMC Life shares representing [...]
January 21st, 2007 by financetwitter
If Tenaga Nasional Berhad (KLSE: TENAGA, stock-code 5347) is able to pay an average 2.7 month bonus to its 27,000 workers nationwide as reported in Business Times published today, then there is absolutely no justification on the tariff hike which was granted back in May 2006. After the hike, TENAGA [...]
January 21st, 2007 by financetwitter
General Electric Capital, a unit of U.S. conglomerate General Electric Company (NYSE: GE, stock), is keen on DRB-Hicom's (KLSE: DRBHCOM) 20.2 percent stake in small Malaysian bank EON Capital Berhad (KLSE: EONCAP, stock-code 5266), the Star newspaper said on Saturday, Jan-20-2007.General Electric Ca [...]
January 19th, 2007 by financetwitter
I'm amused when I read today's news that Bursa Malaysia (KLSE: BURSA) plans to ease controls over the short-selling after it was started less than a month this year (after a nine-year ban). The KLSE chief executive officer Datuk Yusli Mohamed Yusoff said that the local bourse plans to introduce a ne [...]
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