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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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November 26th, 2021 by financetwitter
Scientists in South Africa have expressed concern after identified a new Coronavirus variant that could trigger fourth wave around the world. The variant - B.1.1.529 - has rapidly spread in Gauteng, the country's most populated province of 15 million people. Even though 100 confirmed cases had been [...]
November 25th, 2021 by financetwitter
Mahathir Mohamad has expressed his displeasure over "special treatment" accorded to Najib Razak despite his conviction for abuse of power, criminal breach of trust (CBT) and money laundering. On July 28, 2020, Mr Najib was sentenced to 12 years in prison and fined RM210 million for the crimes involv [...]
November 24th, 2021 by financetwitter
Roughly 89% of all adult Americans hold valid driving licenses, and the chances are that many of them follow the rules of the road. Not only for legal purposes, but for safety, too.
But driving carefully can also help you in other aspects of life. You might be seen as more responsible or trustwor [...]
November 23rd, 2021 by financetwitter
After 2 years of development, the state-controlled AVIC Aerodynamics Research Institute, said a new wind tunnel capable of replicating the speeds and high temperatures faced by hypersonic missiles is ready. It was designed to simulate speeds from Mach 4 to 8 under a total temperature of 900 Kelvin [...]
November 21st, 2021 by financetwitter
Barisan Nasional (BN) has won big in the Melaka state election, grabbing 21 seats from a total 28. Effectively, the coalition is back - stronger with two-thirds majority. It also means the coalition has managed to win back all the 8 seats that it lost in the 2018 General Election, which led to the l [...]
November 19th, 2021 by financetwitter
After stealing tens of billions of dollars, former Prime Minister Najib Razak is being awarded a gift worth a whopping RM100 million. The best part is, he has been sentenced to 12 years in prison and fined RM210 million after found guilty of abuse of power, criminal breach of trust (CBT), and money [...]
November 18th, 2021 by financetwitter
Do you know that the UAE (United Arab Emirates) is the third-richest country in the world, behind Qatar and Luxembourg? Contrary to popular belief that Saudi Arabia was the richest Gulf state in the Middle East, it's actually Qatar and the UAE that is wealthier. While Saudi has tonnes of oil, Qatar [...]
November 15th, 2021 by financetwitter
Coronavirus cases are declining everywhere - except Europe. The WHO (World Health Organization) reported last week that Covid-19 death jumped by 10% in Europe, making it the only place on the planet where infections and deaths are steadily increasing. In fact, it has been the sixth consecutive week [...]
November 13th, 2021 by financetwitter
Melaka received 18.7 million tourists and attracted RM21.3 billion revenue in 2019. About 67% were domestic tourists while the remaining 37% were foreign visitors. That's about 6.9 million foreign tourists. It may not sound a lot, but based on total 26.1 million tourist arrivals in Malaysia in the s [...]
November 12th, 2021 by financetwitter
When your child first came to this world, you had a lot of things to think about, but you probably haven’t thought about college. After all, there is no point in thinking about a baby’s education, as you still had a long, long way to go until it grows up. Well, not that the child has grown up, y [...]
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