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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 12th, 2021 by financetwitter
Stories of people given more than 1 dose of Covid-19 vaccine were aplenty. For example, a nurse in Italy mistakenly administered 6 doses of Pfizer Coronavirus vaccine to a 23-year-old Italian woman in May this year. Apparently, the nurse was said to have suffered something called an "attention lapse [...]
December 10th, 2021 by financetwitter
Based on the verdict delivered by the Court of Appeal on Wednesday (8 Dec), former Prime Minister Najib Razak is as guilty as hell. Judge Abdul Karim Abdul Jalil, who was leading the three-man bench, not only upheld Najib's conviction, but also laughed and ridiculed the ex-PM's claims that he (desp [...]
December 9th, 2021 by financetwitter
Omicron, the latest variant of Covid-19 has now spread to 57 countries, according to the WHO (World Health Organization). For now, however, Delta is still the dominant variant, particularly in the U.S. and Europe. But the European Centre for Disease Prevention and Control has predicted that the Omic [...]
December 8th, 2021 by financetwitter
Signs of trouble for former Prime Minister Najib Razak were as clear as daylight about 24 hours before a three-member Court of Appeal was scheduled to deliver its verdict today (8 December, 2021). Najib's defence team suddenly wanted to add more evidence in his appeal at the eleventh hour, something [...]
December 7th, 2021 by financetwitter
When Malaysian economy contracted by 4.5% in the third quarter of 2021, lower than Bloomberg’s estimation of -1.9% and Reuters’ -1.3%, it spoke volume about the consequences of multiple half-baked lockdowns imposed by the Muhyiddin government. Because of the two consecutive GDP contractions (1.9 [...]
December 5th, 2021 by financetwitter
As the 15th General Election approaches, the racist and extremist politicians have started shifting gears in their usual comical contest to become the Malay champions. The goal is, or course, to hoodwink the gullible ethnic Malays. Unlike previously, this round will see three Malay political parties [...]
December 3rd, 2021 by financetwitter
From Malaysia to the United States and from Australia to India, more countries have reported their first cases of the latest Coronavirus variant - Omicron. However, chances are the variant has already spread domestically by the time those countries announced the first case. For example, New York Cit [...]
December 2nd, 2021 by financetwitter
UMNO had won the battle in the Melaka state election, but the United Malays National Organisation might lose the war - 15th General Election. There are 11 seats where the UMNO-led Barisan Nasional coalition won with a majority of less than 1,000 votes, from as few as 79 votes to 938 votes. If voters [...]
November 30th, 2021 by financetwitter
When Moderna CEO Stephane Bancel told the Financial Times that existing Covid-19 vaccines will be much less effective at tackling Omicron than earlier strains, including Delta, all hell breaks loose again. To make matters worse, Bancel also said it could take months to develop and ship a new vacci [...]
November 28th, 2021 by financetwitter
Exactly what has happened to the meat cartel scandal? First exposed in December last year, millions of Malaysian Muslims have consumed fake halal beef for the last 40 years. The scandal, involving agencies like the Malaysian Quarantine and Inspection Services Department, Customs Department and Port [...]
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