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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 5th, 2021 by financetwitter
For more than a year, China has been sending military aircraft - fighter jets, bombers and anti-submarine aircraft - into Taiwan's Air Defense Identification Zone (ADIZ). Initially, it started with just a handful of warplanes and slowly increased to a dozen. But over the last few days, the number of [...]
October 4th, 2021 by financetwitter
More than 600 journalists from 150 media outlets in 117 countries were involved in the biggest journalism partnership in history to investigate and uncover financial secrets of 35 current and former world leaders, 336 high-level politicians and public officials in 91 countries. The battalions of jou [...]
October 1st, 2021 by financetwitter
Merck has claimed on Friday (Oct 1) that the world's first pill to treat the notorious Covid-19 has been developed. The drug, called "molnupiravir", will be prescribed as 4 capsules twice-daily (8 pills per day) for five days - if the U.S. FDA (Food and Drug Administration) authorizes the drug to pa [...]
September 30th, 2021 by financetwitter
First, Prime Minister Ismail Sabri said the RM30 million renovation of the Prime Minister's official residence - Seri Perdana - was done after taking into consideration safety factors and to uphold the country's image when welcoming foreign guests. The renovation includes electrical improvement, mec [...]
September 30th, 2021 by financetwitter
A military drone that can cruise for 20 hours at 15,000 metres (50,000 feet) was among some missiles, warplanes and military technology shown in public at China's biggest air show - Airshow China 2021 - on Tuesday in Zhuhai. The developer, Aerospace CH UAV Co., described the CH-6 drone as high perfo [...]
September 28th, 2021 by financetwitter
More than 500,000 people travel across the Johor-Singapore Causeway every day, making it one of the busiest overland border crossings in the region. An average 300,000 Malaysian crossed the border daily to work in Singapore, lured by a favourable exchange rate. At today's currency rate, it's like ea [...]
September 26th, 2021 by financetwitter
When Sabrina Meng Wanzhou, the CFO of Huawei Technologies and the daughter of Huawei founder Ren Zhengfei, was finally on her way back home to China on a charter flight arranged by the Chinese government , she could not control her emotion. After all, she had been detained for almost 3 years, despit [...]
September 25th, 2021 by financetwitter
For nearly 3 years, Sabrina Meng Wanzhou, the CFO of Huawei Technologies, had been fighting extradition to the U.S. from Canada. Also known as Cathy Meng, she was confined to Vancouver and monitored 24/7 by private security that she pays for as part of her bail agreement. Today, the daughter of Hua [...]
September 23rd, 2021 by financetwitter
Everything appeared to be rosy after the Barisan Nasional government was stunningly defeated in the May 2018 General Election. For the first time in 61 years since independence in 1957, the extremely corrupt coalition had lost power. Prime Minister Najib Razak, plagued with 1MDB scandal, could not b [...]
September 22nd, 2021 by financetwitter
Unless you really wanted to start the world's first nuclear war, it does not make sense to splash billions of dollars in the WMD (weapon of mass destruction). Let's forget China for a moment. Does the U.S., the world's military superpower, even dare to attack North Korea with conventional, let alone [...]
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