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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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October 21st, 2021 by financetwitter
Google says the Malay word "Timah" means "tin", a chemical metal or an element with a symbol of "Sn" (Stanum), which any science student will find on the periodic table during their chemistry lesson. The silvery metal, with an atomic number of 50, is resistant to corrosion hence it had become one of [...]
October 19th, 2021 by financetwitter
Ghost cities have been in existence in China for at least a decade. The phenomenon was observed and recorded as early as 2006 by writer Wade Shepard. Since then, jaw-dropping photos and videos of these huge urban developments - with empty streets - have gone viral. Today, there is enough empty prope [...]
October 17th, 2021 by financetwitter
Najib Razak has done a marvelous job in exorcising his corruption and money laundering, which had cost Malaysia tens of billions of dollars. As of June 30, 2021, even after having repaid RM12.54 billion of 1MDB's debt and RM3.8 billion of SRC's debt, the "outstanding debt" (principal and interest f [...]
October 15th, 2021 by financetwitter
Mahathir Mohamad was not only the world's oldest prime minister, but could easily snatch another trophy as the world's oldest racist leader alive. Having served twice as Prime Minister of Malaysia, first stint in 1981-2003 and second stint in 2018-2020, the 96-year-old former premier has not lost hi [...]
October 13th, 2021 by financetwitter
Technically, China and the United States are still in a trade war, which was started by former U.S. president Donald Trump. At the same time, the new POTUS - Joe Biden - has started a Cold War with China. To make matters worse, a shortage of coal has forced power cuts at Chinese factories. Yet, none [...]
October 12th, 2021 by financetwitter
In a national broadcast on Sunday, Prime Minister Ismail Sabri proudly claimed victory, announcing that Malaysia will allow interstate and overseas travel effective from Monday (Oct 11). However, only 90% of its adult population (along with their children) that have been fully vaccinated will enjoy [...]
October 11th, 2021 by financetwitter
United Malays National Organization (UMNO) is on the path of destruction, but the political party hasn't realized it, thinking the worst is over after the May 2018 General Election, where it lost power for the first time in 61 years since independence in 1957. Now that it is back to power through a [...]
October 8th, 2021 by financetwitter
West Texas Intermediate (WTI) crude futures, the U.S. oil benchmark, crossed US$80 per barrel on Friday - the highest since November 2014. The Brent crude, the international benchmark, had already breached US$80 mark days ago. And it appears the oil price will continue skyrocket as WTI is on track f [...]
October 7th, 2021 by financetwitter
Following the collapse of Melaka state government on Monday (Oct 4), Governor Ali Rustam swiftly agreed with Chief Minister Sulaiman Md Ali, who had effectively lost his majority support, to dissolve the state legislative assembly. This means a state election must be held within 60 days. But the way [...]
October 6th, 2021 by financetwitter
Have you considered investing in cryptocurrencies for retirement? Many individuals decide to diversify their retirement portfolios with cryptos because of the possibility of earning significantly higher returns.
When planning for retirement, most people set up a traditional individual r [...]
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