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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 16th, 2022 by financetwitter
America is facing crises. The land of freedom just saw a "racially motivated" mass shooting at Buffalo supermarket, where a white man went on a shooting spree against the black people. The American Dream also saw how more than US$7 trillion in market value of the blue chip stocks in the S&P 50 [...]
May 14th, 2022 by financetwitter
Crude oil hit more than US$130 a barrel after Russia launched its so-called special military operation in Ukraine. But crude oil was not the only commodity which skyrockets after the invasion. Sunflower oil, the world's third most traded vegetable oil after palm and soybean oil, also hit the roof. W [...]
May 11th, 2022 by financetwitter
As expected, Bank Negara Malaysia (Central Bank of Malaysia) has finally raised its benchmark interest rate by 25 basis points today (May 11). With the increase, the first since the rate reached a record low of 1.75% in July 2020, the effective OPR (overnight policy rate) is now 2.00%. However, at t [...]
May 10th, 2022 by financetwitter
Federal Reserve Chairman Jerome Powell, speaking during a news conference on May 4 to raise interest rate by 50 basis points, has signalled that the Fed could continue to approve increases of half a percentage point. Investors, however, spooked by earlier speculations that the rate could be up to 75 [...]
May 8th, 2022 by financetwitter
Mahathir Mohamad can't retire peacefully and chances are the 96-year-old man will leave the world a very frustrated man, despite having been blessed with a very long life. It's already bad that his son, Mukhriz Mahathir, may not become a prime minister. It becomes worse when more and more crooks lin [...]
May 7th, 2022 by financetwitter
We are currently living in the ‘tech age.’ Nearly everything that we do relies on the technology of some kind. Most people wouldn’t be able to live without it. When we relax we use our phones and watch television; when we work we use computers. The digital era has given people the opportunity [...]
May 6th, 2022 by financetwitter
China has a huge problem - US$3.2 trillion foreign exchange reserve - the world's largest reserves. In comparison, Japan, the country with the second largest foreign reserves, has only US$1.4 trillion (as of Feb 2022). China's foreign assets included more than US$1 trillion in U.S. bonds and huge am [...]
May 4th, 2022 by financetwitter
Less than a month after a U.S. jury convicted former Goldman Sachs banker Roger Ng of corruption charges related to his role in helping plunder billions of dollars from Malaysia’s 1MDB development fund, a French judge has charged the defence group Thales with complicity in bribery over a 2002 sale [...]
May 2nd, 2022 by financetwitter
Scott Morrison has again attacked China on Saturday (April 30), accusing the Chinese government of interfering in foreign politics. Like the sore loser Hillary Clinton, who had accused Russia of interfering with the 2016 U.S. election, resulting in the stunning victory of Donald Trump, the Morrison [...]
April 29th, 2022 by financetwitter
Mahathir Mohamad exposed in early April how his former most trusted lieutenant, Muhyiddin Yassin, had met him with the shameful intention of seeking his support to become prime minister again. However, Mahathir publicly said it was impossible for both of them to work together again, especially after [...]
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