Souring U.S.-China trade talks have dragged down global stock markets. Here’s what to expect.
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Author: Thamin Abdul
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U.S.-China trade: What happened, and what’s next
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Vanguard receives Exemplary Stewardship Award from Morningstar
On May 9, CEO Tim Buckley graciously accepted the inaugural award.
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Can I invest in ETFs in my IRA?
ETFs can be appropriate for a well-diversified, buy-and-hold approach to your retirement savings. Find out why.
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The yield curve briefly inverted. Should we still expect a recession?
See what a yield curve inversion does and doesn’t tell us.
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Lower expense ratios on 22 Vanguard ETFs means more savings for you
Vanguard announces expense ratio reductions on more than 20 ETFs. See which ETFs are affected, and if you’re already reaping the rewards
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Mahathir in self-quarantine
GEORGE TOWN: Former prime minister Tun Dr Mahathir Mohamad is in self-quarantine after he came into close contact with Bandar Kuching MP Dr Kevin Yii Lee Wuen, who had contracted the novel coronavirus (Covid-19).
The 94-year old was believed to have posed for a selfie with Yii before it was learnt that the latter had tested positive for the virus.
Mahathir, who is also Parti Pribumi Bersatu Malaysia (PPBM) chairman, confirmed this during an exclusive interview with TV3 at his home.
“I will follow (the quarantine). It is important in addressing this issue, to be disciplined. We must self-quarantine at home for 14 days. If we do that, there will be less possibility of it spreading to others,“ Mahathir said.
“I cannot go out and I cannot meet people. I cannot shake hands, and others. It is however not so hard for me,“ he added.
An aide with the statesman said Mahathir had undergone a test for the virus but the results have not been relayed yet.
The aide also confirmed that Mahathir’s wife Tun Dr Siti Hasmah Mohd Ali has also undergone the test.
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Activities in food supply chain to operate as normal
PUTRAJAYA: Activities in the production, processing and distribution of food including imports and exports will continue as normal during the movement control order, which came into effect from March 18 to 31 to ensure continuity in the food supply chain ecosystem, said the Agriculture and Food Industry Ministry.
“Therefore the supply process from wholesalers to retailers will continue to operate as usual and the people are advised not to panic buy or hold excessive stockpile of food,” said the ministry.
The ministry in a statement today said the Minister, Datuk Seri Dr Ronald Kiandee (pix) had conducted two visits to MyFarm outlet in Putrajaya and rice miller, YHL Trading Sdn Bhd in Semenyih today to ensure sufficient food supply in the market.
According to the ministry, main food items such rice, meat, fish, vegetables and fruits are at stable level and adequate.
“The supply is supported by domestic production, import and stocks. The stock of rice in the market now is 500,000 tonnes,” he said.
The ministry said its delivery service to target groups would go on as normal such as food development services, biosecurity, inspection and quarantine.
“The ministry will continue to monitor and cooperate with producers and distributors to ensure adequate food supply during the movement control order,” it said. – Bernama
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Malacca hospital appeal for blood donors
MALACCA: The Transfusion Medicine Department of the Malacca hospital is urging members of the public to donate blood, to ensure sufficient daily supply, especially with Ramadan approaching next month.
In a statement on its Facebook page, the department said on average 80 to 90 blood bags are needed every day, and due to the Covid-19 outbreak, many of its blood donation campaigns had to be cancelled.
“Although we are dealing with a pandemic currently, there are patients in the hospital who need blood transfusion every day for their survival.
“Therefore, we called out healthy and non-risky individuals, to come to the Malacca hospital blood bank to donate blood, since in this situation, transfusions can only be done there,” according to the statement.
The Transfusion Medicine Department is now also open during lunch break on Mondays to Thursdays (1-2pm), and Fridays (12.15-2.45pm), effective yesterday.
Operation time has also been extended which are Mondays to Fridays (8am to 9pm) and Saturdays and Sundays (11am to 4pm).
For further information, members of the public can refer to the department’s official Facebook page ‘melakabloodbank’ or call 06-2892873/2871. – Bernama
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Doctor loses RM135,000 in early morning robbery
IPOH: A doctor suffered losses of about RM135,000 when his bungalow at Meru Valley Golf Resort was broken into by six suspects including a woman, believed to be foreigners, at about 4am today.
Ipoh district police chief ACP A. Asmadi Abdul Aziz said the suspects, who wore black ski-masks and gloves, used two machetes and a cleaver to threaten the victim and his family members before they escaped with RM70,000 worth of jewellery; six branded wrist watches; three mobile phones and foreign currencies worth RM40,000.
He said the victim woke up when his bedroom door was suddenly pried open. The victim’s daughter was also brought into the room before the suspects tied all the victims with phone cables and asked for all valuables to be handed over or they would be harmed.
“The victim and his family were unhurt, while the suspects were believed to have escaped through the back door. There was no closed-circuit television cameras around the residential area where the victim has lived for more than a year,“ he said when contacted today.
He added that the forensic team found a fingerprint and a strand of hair near the window apart from shoelaces, a wire, a mineral water bottle, a stainless steel mug and three pebbles.
“Through the search by the canine unit, it was believed that the suspects went around the area before making their escape through a small stream behind the victim’s house,“ said A. Asmadi, adding that the case was being investigated under Section 395/397 of the Penal Code. – Bernama
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EPL suspension extended
ENGLISH football will be suspended until at least April 30 because of the continued spread of the coronavirus (Covid-19).
The Football Association has also agreed that the current season can be “extended indefinitely”.
Under current rules the season had been scheduled to end on June 1.
A joint statement issued by the FA, Premier League and EFL expressed “a commitment to finding ways of resuming the 2019-20 season” and completing all domestic and European matches “as soon as it is safe and possible to do so”.
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