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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 27th, 2022 by financetwitter
For many years, military superpower the U.S. has been focusing on counter-terrorism. The rise of the dragon, however, has seen the Department of Defence shifted its resources to China. In fact, U.S. President Joe Biden admitted that the "reckless and hasty" withdrawal of U.S. forces in Afghanistan w [...]
September 27th, 2022 by financetwitter
So, you’ve finally decided to leave the country and start a new life internationally, and you’ve chosen Norway as your destination. Congratulations! Whether you’re seeking new opportunities or you’re getting away from the dumpster fire that is the American economy and politics, you’ll find [...]
September 26th, 2022 by financetwitter
Ringgit officially breached the psychological RM4.50 to the U.S. dollar on Sept 13, 2022 - the lowest since the 1997-1998 Asian Financial Crisis. The Malaysian currency already plunged to its 24-year low on Sept 7 when it closed at RM4.5015 to the greenback. But for the next 3 trading days, it tried [...]
September 24th, 2022 by financetwitter
Ahmad Zahid Hamidi has been acquitted of all 40 corruption charges on Friday (Sept 23), amid high expectations that he would be convicted. The president of the United Malays National Organization (UMNO) was first charged in June 2019 under the now-toppled Pakatan Harapan administration. Since then t [...]
September 23rd, 2022 by financetwitter
Ismail Sabri has arrived in New York on Thursday (Sept 22) to attend the 77th Session of the United Nations General Assembly. The Malaysia Prime Minister is scheduled to deliver his speech on Friday (Sept 23) in Malay language due to his poor grasp of English. His speech writers have prepared a wide [...]
September 21st, 2022 by financetwitter
Walmart is the world's largest company in terms of revenue. In the fiscal year ended January 31, 2022, the American multinational retail corporation's revenue amounted to a whopping US$572.8 billion worldwide. That's "half a trillion" in annual revenue from a retail giant that operates a chain of gr [...]
September 21st, 2022 by financetwitter
The first step in determining whether a precious metals company is legit is to verify their credentials. Some scammers may use convincing claims such as credibility, experience, and other investors' previous investments.
They may also claim limited supply and little risk. In addition, they may of [...]
September 20th, 2022 by financetwitter
India is the world's top rice exporter, accounting for 41% of the global rice trade. Its total rice exports in the world last year (2021) reached 21.5 million tonnes - more than the total shipment from the next four biggest exporters - Thailand, Vietnam, Pakistan and the United States - combined. Ri [...]
September 18th, 2022 by financetwitter
Zaid Ibrahim has been hopping from one political party to another for the last 13 years. On Friday (Sept 16), he finally hopped back to UMNO, the same corrupt party he once had condemned till the kingdom comes. In fact, he quietly submitted his membership application at the UMNO headquarter at World [...]
September 16th, 2022 by financetwitter
For more than two years, the world was being told by the Western powers, led by the United States, that the Coronovirus was unleashed by the Chinese. Because the WHO (World Health Organization) received the first alerts of cases of pneumonia of unknown cause in Wuhan, China on Dec 30, 2019, it didn' [...]
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