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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 7th, 2024 by financetwitter
With less than 3 weeks before Sultan Ibrahim of Johor is scheduled to be sworn in as Malaysia's 17th Yang di-Pertuan Agong (King), the clock is ticking as more crooks are in the queue to be charged. At least two former Prime Ministers - Muhyiddin Yassin and Ismail Sabri - could potentially join fel [...]
January 6th, 2024 by financetwitter
If you need cash quickly, payday loans may seem like your only viable solution - however they often come with high fees and interest rates that could quickly put you back into a cycle of debt. However, there are alternatives to payday loans which may help you escape debt and build credit - here are [...]
January 4th, 2024 by financetwitter
As expected and predicted, Chinese car giant BYD has beaten Tesla for a second straight year as the world's top seller of electric cars. The sales figures for the final quarter of 2023 showed that the American company produced 494,989 vehicles (delivering only 484,507). However, for the first ti [...]
January 1st, 2024 by financetwitter
Opposition Perikatan Nasional's evil and treacherous plan was to see a change of Anwar government before the Christmas 2023. However, on Dec 22, Sarawak Chief Minister and GPS leader Abang Johari Openg met Anwar Ibrahim, assuring the prime minister that the GPS was not interested in overthrowing the [...]
December 30th, 2023 by financetwitter
Entering 2024, Russia's position in the global oil markets remains largely unchanged despite Western financial and economic sanctions. Even the price cap of US$60 a barrel on Russian oil - desperately introduced by U.S. Treasury Secretary Janet Yellen - has little effect on the Kremlin. That's beca [...]
December 28th, 2023 by financetwitter
Probably taking a page from China's playbook in its blockade of Taiwan hours after U.S. House Speaker Nancy Pelosi's foolish visit to Taiwan last August, some 35 NGOs, 15 student movements and political parties in Malaysia were planning to teach the U.S. and Israel a lesson. The brilliant plan wa [...]
December 24th, 2023 by financetwitter
As recently as May 2023, the Western news media were still laughing at the idea of de-dollarization. They said China's Yuan faced great obstacles to becoming a global reserve currency. They ridiculed the Chinese currency because nobody wants to buy Chinese bonds. They mocked that foreign investors h [...]
December 21st, 2023 by financetwitter
Still trying very hard to convince Malay-Muslim voters that he is the biggest Palestinian champion (or the loudest Jewish critic), Malaysia Prime Minister Anwar Ibrahim has slapped a sanction on all Israeli owned and flagged ships from docking at the country's sea terminals. In addition, any vessels [...]
December 20th, 2023 by financetwitter
The Red Sea, also known as the Erythraean Sea, is the northernmost tropical sea in the world. Believed to be formed 30 million years ago, during which Africa separated from Asia, the Red Sea is an astonishing 2,200 km long. However, it's only 330 km at its widest point. Reaching a maximum depth of 2 [...]
December 16th, 2023 by financetwitter
After we published an article on the naughty intention of DAP supremo Lim Kit Siang in floating the idea of a non-Malay prime minister, Bersatu or Malaysian United Indigenous Party Youth chief Wan Ahmad Fayhsal Wan Ahmad Kamal comically walked right into the trap, as did earlier Malaysian Islamic [...]
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