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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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May 21st, 2023 by financetwitter
If you are looking to make a major purchase, chances are there’s a loan that is right for you. In this article, we’ll discuss some of the most common types of consumer loans available.
Finding the most affordable loan rates begins by understanding your creditworthiness. Lowering cre [...]
May 18th, 2023 by financetwitter
Since Russian president Vladimir Putin invaded Ukraine in February 2022, the United States has seized several superyachts belonging to Russian oligarchs. It was part of Washington's tactic to seize the assets of Russian billionaires, believed to be Putin's cronies, in order to put pressure on Moscow [...]
May 17th, 2023 by financetwitter
Article 3 of the Federal Constitution of Malaysia says Islam is the religion of the Federation, but other religions can be practiced in peace and harmony in any part of the Federation. What does that mean exactly? It means before the Great Britain granted Independence to then-British Malaya in 1957, [...]
May 14th, 2023 by financetwitter
He formed "UMNO Baru" (new UMNO) after the old UMNO (United Malays National Organization) was declared an "unlawful society" in 1987. He then exited UMNO in 2016. Later, he formed Pejuang in August 2020, only to quit in February 2023. He formed GTA (Homeland Movement), but abandoned it 2 days ago. M [...]
May 11th, 2023 by financetwitter
Long before BYD - "Build Your Dream" - produced Seagull, the cheapest EV (electric vehicle) at just US$11,000 (£8,855; RM48,813), China has been churning out thousands of chemists and engineers to do research on future batteries. Deep in the country's interior, Central South University produces gra [...]
May 9th, 2023 by financetwitter
Biden's game to cripple the Chinese semiconductor industry was simple - prevents China from getting the world's most advanced chips. At the same time, he signed an executive order last August to boost the U.S. competitiveness with a whopping US$52.7 billion subsidy in semiconductor manufacturing and [...]
May 7th, 2023 by financetwitter
For about 160 days since Anwar Ibrahim was sworn in as Malaysian 10th Prime Minister, power-crazy opposition - Perikatan Nasional - has been doing absolutely nothing except plotting how to overthrow the Unity Government. The sore loser still could not move on, largely because the "Iron Throne" is so [...]
May 5th, 2023 by financetwitter
On Wednesday (May 3, 2023), footage of two drones attacking the Kremlin in Moscow has gone viral. The stunning strike on Vladimir Putin's residence has been described as "a planned terrorist act and an assassination attempt on the Russian president". The explosion, however, did not kill or injure an [...]
May 4th, 2023 by financetwitter
Sometimes dire situations lead to the need for cash in a hurry, whether an appliance fails or an auto breaks down, or your child announces a surprise and quick wedding.
Instead of rushing out to get the funds immediately, it's wise to take a moment to consider the length of time you'll [...]
May 3rd, 2023 by financetwitter
In yet another desperate attempt to stop Huawei's influence worldwide, the United States and European Union (EU) have warned Malaysia about the risks of allowing the Chinese tech giant to roll out 5G. According to the Financial Times, envoys from the U.S. and EU wrote to the government in April afte [...]
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