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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 9th, 2021 by financetwitter
Until Ahmad Maslan was slapped with two charges of failing to declare RM2 million received from former Prime Minister Najib Razak and giving false statements to the Malaysian Anti-Corruption Commission (MACC), he was known as a man with many talents. One of Najib's loudest cheerleaders, he was the [...]
September 8th, 2021 by financetwitter
To speed up its vaccination program in preparation for the possibility of a second wave or the spread of variants of Covid-19, China rolled out its first single-dose vaccine in May. Developed by the Chinese military and Tianjin-based biotech company CanSino Biologics, the homegrown Convidecia vaccin [...]
September 7th, 2021 by financetwitter
Ismail Sabri is set to become the second illegitimate prime minister, following the footsteps of his predecessor Muhyiddin Yassin, who had never called for any vote of confidence. Installed less than 3 weeks (20 August) ago as the 9th Prime Minister of Malaysia, the highly incompetent Mr Ismail ha [...]
September 7th, 2021 by financetwitter
It’s wise for individuals to begin preparing for retirement as early as possible. There are plenty of ways in which you can do so, including with your employer. Many companies in the United States offer their employees some type of retirement plan with their benefits package.
A typica [...]
September 6th, 2021 by financetwitter
Earlier last month (August), the U.S. CDC (Centers for Disease Control and Prevention) has recommended that "immunocompromised" people who received the Pfizer or Moderna Covid-19 vaccines should receive a third dose to improve their chances of developing an adequate antibody response. However, norm [...]
September 4th, 2021 by financetwitter
The two despicable and corrupt brothers of Harun - House Speaker Azhar Azizan Harun and Attorney General Idrus Harun - were political appointees of former Prime Minister Muhyiddin Yassin. Even though Ismail Sabri is now the prime minister, the political master of the Harun brothers is still Muhyiddi [...]
September 3rd, 2021 by financetwitter
As the U.S. military's last C17 aircraft left Kabul airport, marking the end of a 20-year war in Afghanistan that the superpower could not win, it has also left something there - a fragile democracy. Over the last two decades, the U.S. government spent huge sums of money to create a stable demo [...]
September 2nd, 2021 by financetwitter
There is a difference between a smart copycat and a dumb copycat. While both types of copycats imitate because they have nothing original to offer, savvy imitators make huge profits. The stupid imitators, meanwhile, will end up with defective products. Smart imitators save tons of money in R&D, [...]
September 1st, 2021 by financetwitter
Australia has reported a slightly better economic growth than expected. Against Reuters' prediction of an economic growth of 0.5% in the June quarter, the Aussie recorded 0.7%. It's lower than 1.9% increase in the first 3 months of the year. However, Australian Bureau of Statistics (ABS) admitted th [...]
August 30th, 2021 by financetwitter
Johor Sultan Ibrahim has every reason to be concerned that investors will not only lose confidence and leave, but also affect the country's image overseas, not to mention driving away tourists. He was upset over the government's hastily hatched new conditions for the MM2H (Malaysia My Second Home) p [...]
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