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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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August 28th, 2021 by financetwitter
After 90 days of investigations carried out by all the U.S. intelligence agencies, there is still no evidence to point finger at China as the exact origin of Covid-19. Newly installed U.S. President Joe Biden issued an order in May to the intelligence community to "redouble efforts" to collect and a [...]
August 27th, 2021 by financetwitter
Ismail Sabri has taken "new ketchup in old bottle" to a new level. People who prematurely praised the newly installed prime minister a day earlier for his effort to reach out to the Opposition have started kicking themselves. Despite the Opposition's promise not to vote against him in Parliament, it [...]
August 26th, 2021 by financetwitter
For the first time since the Coronavirus pandemic began in Australia, the country's new daily infections have breached above 1,000 cases. Three people, all unvaccinated, have died. It was so bad that Sydney, the country's largest city and the epicenter of the current outbreak, has scrambled to set u [...]
August 25th, 2021 by financetwitter
Conveniently, newly installed Prime Minister Ismail Sabri met top leaders of Pakatan Harapan (the largest Opposition coalition) today (August 25). Accidentally, the meeting took place after Azmin Ali, armed with 10 MPs, threatened to withdraw support for the fragile government - unless he is made th [...]
August 24th, 2021 by financetwitter
On his first day as the 9th Prime Minister, Ismail Sabri has already screwed up spectacularly. As part of a PR exercise to project himself as a caring leader, his first official visit was to Kedah on Monday (August 23). The itinerary for the visit was to several flood-hit areas and meet with familie [...]
August 23rd, 2021 by financetwitter
Ismail Sabri, the country's third prime minister in 3 years, has officially taken over from Muhyiddin Yassin, whose government collapsed after Sabri's political party pulled its support. While Muhyiddin is now Malaysia's shortest serving prime minister, his record of 17 months in power could be brok [...]
August 21st, 2021 by financetwitter
Since 2001, the United States has spent US$2.26 trillion in Afghanistan, according to Brown University's calculations in its "Costs of War Project". Nearly US$1 trillion - the biggest chunk - was spent on Overseas Contingency Operations (OCO) budget. Basically, OCO was special funding created after [...]
August 19th, 2021 by financetwitter
Imagine Opposition Pakatan Harapan returns to power this week. If they manage to fix the Coronavirus pandemic and the economy, you can bet your last penny the now-collapsed backdoor Perikatan Nasional coalition will claim credit. Former PM Muhyiddin will claim that the success is due to all the hard [...]
August 18th, 2021 by financetwitter
King Sultan Abdullah had made two biggest blunders. First, he - either ignorantly or deliberately - chose Muhyiddin Yassin as the 8th Prime Minister last year without verifying the authenticity of the support he actually possessed. That was why Muhyiddin's Perikatan Nasional government has been call [...]
August 17th, 2021 by financetwitter
Pfizer-BioNTech said on Monday they have submitted early stage clinical trial data to the Food and Drug Administration (FDA), seeking authorization of a Covid-19 vaccine booster for 16-year-old and older. They said the third dose showed significantly higher neutralizing antibodies compared to two do [...]
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