Saturday, July 30th, 2016


Morgan Stanley warns currency traders worst to come for US dollar

NEW YORK, July 30 — The dollar is set to fall 5 per cent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and US economic data is only going to get worse. That’s what Morgan Stanley chief global currency strategist Hans Redeker told clients in a note published Thursday, citing in-house indicators showing US domestic demand is set to fade in the coming months. It didn’t take long for markets to prove him prescient. The greenback fell 1.3 per cent yesterday, capping its worstRead More

Kremlin Gets Its Own Cyber Dose


A “professional” cyber attack has hit Russian government bodies, the country’s intelligence service says. A “cyber-spying virus” was found in the networks of about 20 organisations, the Federal Security Service (FSB) said. The report comes as Russia stands accused over data breaches involving the Democratic Party in the US. The Russian government has denied involvement and has denounced the “poisonous anti-Russian” rhetoric coming out of Washington. The FSB did not say who it believed was responsible for hacking Russian networks, but said the latest hack resembled “much-spoken-about” cyber-spying, without elaborating.Read More

Chief Justice wants the attorney-general (AG) to be relieved ….


Chief Justice Arifin Zakaria wants the attorney-general (AG) to be relieved from heading the judicial division of the Magistrate and Sessions Court, reports news portal MalayMailOnline. “…A paper to make this changes has already been drafted by the chief registrar and it should be finalised by end of the year,” Arifin reportedly told a press conference today. Speaking after opening the Judicial Officers Conference in Kuala Lumpur, Ariffin explained that the chief registrar should instead be in charge of the division to ensure unbiased judgment and verdicts in both courts.Read More

Sarawak minister to lead state trade delegation to China

SARIKEI, July 30 — Sarawak Minister of Industrial Development and Entrepreneurship, Trade and Investment, Datuk Amar Awang Tengah Ali Hassan will lead the state trade delegation to China, in mid-August. Awang Tengah said the delegation among others will meet with the companies from the republic who had stated their interest to invest in the food industry in Tanjung Manis, the developing halal-hub in the state, during their recent visit to Sarawak. “They had shown interest (with the potentials and opportunities, here) because Sarawak has busines-friedly policies,” he said in hisRead More

Mokhzani’s Partner Charged For Insider Trading

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Former non-independent executive director of Kencana Petroleum Berhad Datuk Yeow Kheng Chew and two others were charged today with insider trading at the Sessions Court here. According to The Star Online, Yeow, Paulene Chee Yuet Fang and Tan Yee Chee, a remisier, were alleged to have committed the offence back in 2011. Yeow, the news report said, was a partner of Datuk Mokhzani Mahathir when the latter was chief executive of Kencana. Mokhzani, who is the second son to the fourth prime minister Tun Dr Mahathir Mohamad and Yeow bothRead More

Breaking News : Guan Eng Says If Anything Happens To Me ….

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Kuala Lumpur : Lim Guan Eng has publicly endorsed senior state executive councillor Chow Kon Yeow to replace him in case he has to step down. “Chow will definitely be my natural choice,” said Lim, who is DAP secretary-general. Lim was charged with two counts of corruption in his capacity as a public servant and Chief Minister by the High Court in George Town on June 30. Since Lim was charged, speculation has mounted about who would succeed Lim should he be compelled to step down because of the criminalRead More

Muhyiddin Joins Old Pal Anwar Ibrahim’s Party To Explain 1MDB To Joe Public

KUALA LUMPUR 29 NOVEMBER 2012 - PRESIDEN UMNO, Datuk Seri Najib Tun Razak tersenyum melihat Timbalan Presiden UMNO, Tan Sri Muhyiddin Yassin yang mempamerkan sepanduk `Saya Sayangkan PM' semasa Majlis Perasmian Perhimpunan Agung UMNO 2012 di Dewan Merdeka PWTC di sini hari ini.

SUBANG JAYA – Tan Sri Muhyiddin Yassin will join forces with PKR on a nationwide roadshow to explain the issues surrounding 1Malaysia Development Berhad (1MDB). In his first public appearance with PKR president Datuk Seri Dr Wan Azizah Wan Ismail, Muhyiddin said the roadshow aimed to focus on rural areas, by breaking down the issues in simpler terms for the public. “The people would not know the issue and its effects if they are not given detailed explanations on this matter. “Not many people understand (economic) terms and graphs. IRead More

Lim Kit Siang Urges The Prime Minister To Deny That He Is MO 1 And Sue The US Government


Prime Minister Najib Razak’s claim that 1MDB is not directly involved in the US Department of Justice (DOJ) lawsuit is “shocking”, as the fund is mentioned all over the court documents, said DAP. “In fact, without 1MDB, the DOJ 136-page legal suits would have no legs to stand on, and would immediately collapse. “’1MDB’ is strewn all over the 136-page report, and in the first 20 pages, there are over 130 references. “How then can Najib say that 1MDB is not directly involved in the DOJ report?” said DAP supremoRead More

Oil Price Retreat Slams Producers

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By Bradley Olson and Selina Williams The world’s biggest oil companies posted losses or steep declines in profit for the second quarter, and now face a daunting remainder of the year as crude prices retreat to about $41 a barrel. Exxon Mobil Corp. on Friday reported its quarterly profit fell 60% to the lowest level since 1999, while Chevron Corp. disclosed its biggest quarterly loss since 2001. The results capped a bad week for big Western oil companies: BP PLC and Royal Dutch Shell PLC earlier posted earnings that disappointedRead More