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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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September 21st, 2021 by financetwitter
You may be familiar with stock trading but struggle to get your head around the concept of forex trading. Forex trading is similar to sports betting, only that instead of betting on a team to lose or win, you are betting on one currency to strengthen or weaken relative to another. It is an exciting [...]
September 20th, 2021 by financetwitter
When Najib Razak became the prime minister, he told the Borneo states - Sabah and Sarawak - that his government was committed to the Malaysia Agreement 1963 (MA63), pledging to protect the rights of the East Malaysians. He said a high-level committee will be set up to discuss the MA63. Sabah and Sa [...]
September 18th, 2021 by financetwitter
France has learned the hard way how its allies and friends stabbed it in the back. It is so mad and furious that it has ordered the withdrawal of its ambassadors to the U.S. and Australia in an apparent protest against some secret backroom deals involving the United States, Australia and Britain to [...]
September 17th, 2021 by financetwitter
Ex-PM Najib Razak was not impressed with an MOU (Memorandum of Understanding) between the government and the opposition. The bipartisan consensus would jeopardise his plan to influence or pressure PM Sabri to appoint him as an economic adviser, which arguably is more important and powerful than Muhy [...]
September 16th, 2021 by financetwitter
When it comes to your finances, it is important to try and find a way to make your money work for you. The same goes when it comes to certain financial products such as credit cards. Some people end up in a lot of debt and a financial mess because of their credit card use, but others make their cred [...]
September 15th, 2021 by financetwitter
Hollywood has produced many films about rogue generals, rebels or terrorists who seized nuclear missile sites or weapons with plans to nuke Russia or the U.S., hoping to trigger retaliations and start the first nuclear world war. Over time, military superpowers have implemented fail-safe to avoid an [...]
September 14th, 2021 by financetwitter
As expected, Tony Pua was the first leader who jumped up and down with joy after the signing of government-opposition bipartisan cooperation, as if he had hit the jackpot. The DAP national publicity secretary was incredibly thankful that the Opposition gets the second bite of the cherry. He said the [...]
September 13th, 2021 by financetwitter
Qin Gang, a former vice minister of foreign affairs and foreign ministry spokesman, arrived in Washington as China's new ambassador to the U.S. in July. Notorious for tart responses, 55-year-old Qin was deliberately chosen by Beijing to replace Cui Tiankai at a delicate time when relations with Wash [...]
September 12th, 2021 by financetwitter
Pro-Anwar supporters or anti-Mahathir critics have been chanting mantras for months since March 2020 (the day Mahathir abruptly resigned, leading to the collapse of Pakatan Harapan government) that they cannot trust the two-term premier Mahathir. After being used and played, they argue that the PM-i [...]
September 11th, 2021 by financetwitter
When the U.S. decided to withdraw from Afghanistan after a 20-year war that it could not win from the beginning, many Western countries said it was a mistake. Even its closest ally, the United Kingdom, has criticised the American decision to leave Afghanistan as a "mistake" that has handed the T [...]
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