Author: Journalist

Malaysia’s anti-graft agency is targeting assets worth at least 4.5 billion ringgit (S$1.36 billion) in five other countries belonging to late tycoon and former finance minister Daim Zainuddin, the New Straits Times reported. Using the Mutual Assistance in Criminal Matters Act 2002, the Malaysian Anti-Corruption Commission (MACC) plans to send a restraining order request to the respective countries, the newspaper cited MACC chief commissioner Azam Baki as saying.The agency will work with the foreign authorities to obtain more information such as the source of funds and a money trail analysis, he added.The MACC had last week filed a forfeiture application…

On stage with Claer Barrett at last year’s FT Weekend Festival we asked the audience if they invested in shares directly. To our surprise, two-thirds of the room raised a hand. For starters, who knew rooms had hands?And the response flew in the face of efficient markets. Stockpicking is impossible. If 85 per cent of US equity funds have underperformed the index over the past decade, what chance has Penelope of Tunbridge Wells?I have written recently that perhaps there is something deep in the human psyche that believes in active management. Besides, you don’t have to beat an index. Make…

Bitcoin is treading cautiously below the $110,000 level, signaling a pause in momentum after recent highs. At the time of writing, the asset is priced at $106,841, marking a mild 0.4% decline over the past 24 hours.Despite brushing a daily high of $107,884, BTC appears to be consolidating in a narrow range, with market participants watching for the next significant move.Amid this relatively flat price action, on-chain trends suggest that not all is quiet under the surface. A new analysis by CryptoQuant contributor “oinonen” sheds light on wallet activity within Binance, one of the largest crypto exchanges by trading volume.Bitcoin…

Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single digits was his recommendation.In his “The Truth about Crypto” book in 2021, Edelman said as low as a 1% allocation was reasonable.A lot has changed.This week, Edelman said financial advisors should be recommending anywhere from 10% to 40% allocations to cryptocurrencies, and he is aware it’s quite a shift in his own thinking.”Today I am saying 40%, that’s astonishing,” he told CNBC’s Crypto World in an interview. “No one has ever said such a thing.”But the “why”…

National sailor Ryan Lo is used to setting his sights on the finish line in the horizon. But last year, he chose to return to the starting line – this time, in a classroom.After nearly a decade spent mostly overseas for training and competitions, he returned to Singapore last year at age 27 to pursue a Bachelor of Business (Majoring in International Business) at the Singapore campus of James Cook University (JCU).The university’s business school is one of just four in Singapore accredited by the Association to Advance Collegiate Schools of Business – a recognition held by only six per…

President of the United States Donald Trump arrives at Huis ten Bosch Palace for a dinner ahead of the Nato Summit 2025 on June 24, 2025 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesPresident Donald Trump could extend looming deadlines for reimposing steep tariffs on imports from most of the world’s countries, the White House said Thursday.Trump’s July 8 and 9 deadlines for restarting tariffs on those nations are “not critical,” White House Press Secretary Karoline Leavitt told reporters.”Perhaps it could be extended, but that’s a decision for the president to make,” Leavitt said.Leavitt also said Thursday that if…

[WASHINGTON] Orders for long-lasting US manufactured goods rebounded sharply in May, boosted by a surge in commercial aircraft bookings, though economic uncertainty stemming from import tariffs remains a constraint for business spending on capital.Orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, jumped 16.4 per cent last month after a revised 6.6 per cent decline in April, the Commerce Department’s Census Bureau said on Thursday (Jun 26).Economists polled by Reuters had forecast orders increasing 8.5 per cent after a previously reported 6.3 per cent decrease in April.Transportation equipment orders soared 48.3 per…

If you are over the age of 40, there is a good chance you remember where you were on September 15 2008, the day Lehman Brothers went bust. It was one of the first of many shocking moments during the last global financial crisis, a searing time of bank runs, crashes and bankruptcies when big economies tumbled into some of their deepest recessions since the Great Depression. Stunned Lehman staff, who left the 158-year-old investment bank’s offices carrying their belongings in cardboard boxes, came to symbolise the millions who lost their jobs, homes and life savings in a disaster that destroyed…

Tue 24 Jun 2025 ▪ 4 min read ▪ by Gijs O. Bitcoin’s original promise was rebellion: digital gold, a hedge against inflation, a way out of the fiat system. But if the latest Binance Research report is any indication, it may be playing a different role today: not fighting the dollar, but backing it. In brief Bitcoin’s correlation with the U.S. dollar has flipped positive, hitting its highest level in years at 0.25, suggesting BTC is now moving with the dollar, not against it. Institutional flows into Bitcoin ETFs and the surge in stablecoins (now $250B+) are tying crypto…

​​​Markets price uncertainty, not headlines ​War dominates news cycles and shapes global politics, but experienced traders know that markets often look beyond the immediate drama. While conflicts create initial volatility, history shows that financial markets typically recover faster than many expect. ​The key lies in understanding that markets fear uncertainty more than conflict itself. Once the direction of a war becomes clearer, capital flows return to normal patterns. Smart traders recognise this dynamic and position themselves accordingly. ​During the 2003 Iraq invasion, markets initially fell but then rallied over 30% within twelve months. Similarly, when Russia invaded Ukraine in 2022,…