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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 11th, 2021 by financetwitter
Satellite images released by the Centre for Strategic and International Studies (CSIS), a US-based think tank, show that the construction of China's third aircraft carrier is almost completed. It is estimated that the carrier - Type 003 - will be ready in 3 to 6 months. The images reveal that the in [...]
November 9th, 2021 by financetwitter
Have you reached all of your business career goals so far and are now thinking about taking it even further? Whether you want to get higher up into the top level of management in your current place of employment or hope to start your own successful business in the future, one of the best ways to ens [...]
November 8th, 2021 by financetwitter
Indonesian President Joko "Jokowi" Widodo has made a fruitful visit to the UAE (United Arab Emirates), securing a whopping US$32.7 billion (RM136 billion) worth of investments from the Gulf state, including vaccine manufacturing and distribution. The investments, announced last Thursday (Nov 4), cam [...]
November 6th, 2021 by financetwitter
Everyone knows that once a car involved in an accident so bad that it injured some passengers, the car would not be the same again even after fully repaired. Imagine what would happen to a 9,300-ton, 353-foot-long (107.5 meters) submarine - USS Connecticut - that hit an "unknown" underwater object i [...]
November 5th, 2021 by financetwitter
Based on complaints from the Opposition, especially the Democratic Action Party (DAP), one of four components of the Pakatan Harapan coalition, it's crystal clear that they have again been scammed and tricked by the cunning government of Ismail Sabri into signing the MOU (Memorandum of Understanding [...]
November 3rd, 2021 by financetwitter
After weeks of persuasion and ultimatum, the three major parties in the current Malay-centric government - UMNO, PAS and Bersatu - have failed to reach a consensus to work together in the coming Melaka state election. As expected, the United Malays National Organization (UMNO) was adamant in rejecti [...]
November 1st, 2021 by financetwitter
Facebook is now known as Meta in a rebranding exercise to reflect its expansion into the metaverse, something that exists only in science-fiction books or movies like "The Matrix". Effectively, Facebook Inc. - the parent company of WhatsApp, Instagram, Messenger and Oculus - is called Meta Platforms [...]
October 27th, 2021 by financetwitter
Najib Razak, the disgraced former Malaysian prime minister who has been sentenced to 12 years in prison and fined RM210 million after he was found guilty of all charges of abuse of power, criminal breach of trust (CBT), and money laundering in the 1MDB scandal, had infamously pledged to bathe the " [...]
October 26th, 2021 by financetwitter
On Saturday, China commissioned its first 10,000-ton class maritime patrol vessel - "Haixun 09". It would be just another coast guard ship, until you notice that it is not only the largest civilian boat, but also is equipped with the most advanced technologies, including BeiDou Navigation Satellite [...]
October 24th, 2021 by financetwitter
Britain rolled out its vaccination program much earlier than other countries in the Europe. Yet, Covid-19 infections in the country have been rising in recent weeks, so much so it hit more than 50,000 cases on Thursday (Oct 21). Something is terribly wrong in the U.K. as it was only on July 19 that [...]
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