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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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December 28th, 2021 by financetwitter
China appears to be laughing at the U.S.' latest U-turn in sending officials to the Beijing 2022 Winter Games, scheduled to kick off on Feb 4. President Joe Biden announced on Dec 6 that as part of the U.S. boycott against so-called China's "ongoing genocide and crimes against humanity in Xinjiang a [...]
December 26th, 2021 by financetwitter
According to the Harvard Business School, real leaders are not born - the ability to lead or help others triumph over adversity is not written into their genetic code. On the contrary, leaders are made and they are forged in crisis, especially in a time of great uncertainty and real danger. A real l [...]
December 23rd, 2021 by financetwitter
Disgraced former Prime Minister Najib Razak said the Selangor state government, which is being ruled by the Opposition Pakatan Harapan, should not blame the federal government, which is being run by his own party UMNO, for the spectacular failure to manage the flood disaster. Najib argued that the s [...]
December 22nd, 2021 by financetwitter
E-commerce has taken wealth creation to the next new level. Gone was the old expectation from parents that their children would want to become a doctor, a lawyer or an engineer. Likewise, teachers would probably get a shock today when students said they would like to become a YouTuber or an Influenc [...]
December 21st, 2021 by financetwitter
At least 17 people have died and over 60,000 displaced, while some victims were still stranded on Monday (Dec 20) - three days after torrential rain triggered severe flooding in eight states of Malaysia. Yet, the clueless Ismail Sabri government appeared directionless, running around like a headless [...]
December 20th, 2021 by financetwitter
Governments that say another lockdown or restriction to contain Covid-19 will never - ever - happen again were either naive or arrogant. Omicron is sweeping through Europe while the United States could see 1 million daily cases. Even China, despite its "Zero-Covid" policy, has recorded new imported [...]
December 18th, 2021 by financetwitter
Non-stop rain since Friday (Dec 17) has wrecked havoc in Klang Valley. The federal government has been sitting on its hands until today. It was only after complaints from the public and the Opposition that Prime Minister Ismail Sabri finally said he has instructed some ministries and agencies such a [...]
December 16th, 2021 by financetwitter
Health Minister Khairy Jamaluddin is pushing very hard to amend the Prevention and Control of Infectious Diseases Act (Act 342). Even PM Ismail Sabri has used his power to extend the current Dewan Rakyat (Lower House) sitting for another day just to allow the controversial amendments to be debated. [...]
December 15th, 2021 by financetwitter
XAG (formerly known as XAircraft), a Guangzhou-based manufacturer of agricultural drones, is sending robots and drones to rice, wheat and cotton fields to do something unimaginable by aging farmers - automating seeding, pesticide spraying and weather monitoring. Last month, it launched V40 and P40 A [...]
December 13th, 2021 by financetwitter
Ismail Sabri was known as one of the clueless and incompetent ministers even before the UMNO-led Barisan Nasional government was defeated in the May 2018 General Election. From his desire for turtle eggs to the half-baked MARA Digital Mall and from skyrocketing food prices to declaring December 3 as [...]
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