U.S. can't be trusted, Iran's Rouhani tells North KoreaThe Saigon Times Daily Iranian President Hassan Rouhani delivers a statement after a two day visit in Bern, Switzerland, July 3, 2018 – PHOTO: REUTERS SEOUL/BEIRUT (REUTERS) - Iranian President Hassan Rouhani told North Korea's foreign minister that the United States cannot be trusted, Tehran's state media said, as the United States seeks a deal to rein in the North's nuclear and missile programs. Iran dismissed a last-minute offer from Washington for talks this week, saying it could not negotiate after the Trump administration reneged on a 2015 deal to lift sanctions in return for curbs on Iran's own nuclear program. North Korea's top diplomat, Ri Yong Ho, visited Iran as the United States reintroduced sanctions against the Islamic Republic. "The U.S. administration performance in these years has led the country to be considered untrustworthy and unreliable around the world which does not meet any of its … [Read more...] about U.S. can’t be trusted, Iran’s Rouhani tells North Korea
Keith banks u s trust
Trump says firms doing business in Iran to be barred from U.S. as sanctions hit
Trump says firms doing business in Iran to be barred from U.S. as sanctions hitThe Saigon Times Daily U.S. President Donald Trump holds a Make America Great Again rally in Olentangy Orange High School in Lewis Center, OH, U.S., August 4, 2018 – PHOTO: REUTERS BEIRUT/LONDON (REUTERS) - Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect despite pleas from Washington’s allies. Iran dismissed a last-minute offer from the Trump administration for talks, saying it could not negotiate while Washington had reneged on a 2015 deal to lift sanctions in return for curbs on Iran’s nuclear program. Trump decided this year to pull out of the agreement, ignoring pleas from the other world powers that had co-sponsored the deal, including Washington’s main European allies Britain, France and Germany, as well as Russia and China. European countries, hoping to persuade Tehran … [Read more...] about Trump says firms doing business in Iran to be barred from U.S. as sanctions hit
U.S. prosecutors tell jury ex-Trump campaign chief Manafort hid wealth
U.S. prosecutors tell jury ex-Trump campaign chief Manafort hid wealthThe Saigon Times Daily Former Trump campaign manager Paul Manafort is shown in a court room sketch, as he sits in federal court on the opening day of his trial on bank and tax fraud charges stemming from Special Counsel Robert Mueller's investigation into Russian meddling in the 2016 U.S. presidential election, in Alexandria, Virginia, U.S. July 31, 2018 – PHOTO: REUTERS ALEXANDRIA (REUTERS) - U.S. prosecutors on Tuesday portrayed President Donald Trump’s onetime campaign chairman Paul Manafort as someone who hid his wealth from political work in Ukraine, as the first trial began arising from an investigation of Russia’s interference in the 2016 U.S. election. Manafort felt tax and banking laws did not apply to him, a prosecutor said in the government’s opening statement, telling the Virginia federal court jury he opened more than 30 bank accounts in three foreign countries to … [Read more...] about U.S. prosecutors tell jury ex-Trump campaign chief Manafort hid wealth
U.S. Treasury chief Mnuchin slams report that Trump wants to exit WTO
U.S. Treasury chief Mnuchin slams report that Trump wants to exit WTOThe Saigon Times Daily U.S. Treasury Secretary Steve Mnuchin in Washington, U.S., May 21, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - U.S. Treasury Secretary Steve Mnuchin said on Friday a report by the Axios news website, that cited sources as saying President Donald Trump wanted the United States to withdraw from the World Trade Organization, was wrong. “There’s no breaking news here... it’s not right,” Mnuchin told Fox Business Network, calling the report “fake news.” Axios reported earlier on Friday, citing people who were involved in discussions with the president, that Trump frequently told advisers he wanted the United States to quit the WTO, a move with potentially disastrous implications for global commerce. “This is an exaggeration,” Mnuchin said. “The president has been clear, with us and with others, he has concerns about the WTO, he … [Read more...] about U.S. Treasury chief Mnuchin slams report that Trump wants to exit WTO
Talks end with China warning trade benefits at risk if U.S. imposes tariffs
Talks end with China warning trade benefits at risk if U.S. imposes tariffs U.S. Commerce Secretary Wilbur Ross (C,L), chats with Chinese Vice Premier Liu He, center, during a group photograph session after their meeting at the Diaoyutai State Guesthouse in Beijing, China Sunday, Jun 3, 2018 - PHOTO: REUTERS BEIJING (REUTERS) - China warned the United States on Sunday that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing. A short statement, carried by the official Xinhua news agency, made no mention of any specific new agreements after U.S. Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He. It referred instead to a consensus they reached last month in Washington, when China agreed to significantly increase its purchases of U.S. goods and services. "To implement the consensus reached in Washington, the two sides have … [Read more...] about Talks end with China warning trade benefits at risk if U.S. imposes tariffs
U.S. dollar skirts VND21,000
U.S. dollar skirts VND21,000By Thuy Trieu - The Saigon Times DailyHCMC - The U.S. dollar price on Monday shot up to aroundVND20,900 or even VND21,000 on the unofficial market, while the formal ratequoted by banks also surged to VND20,800 to the dollar.Both DongA Bank and Eximbank have their dollar price quotedat VND20,680-20,700 for buying and VND20,800 for selling. The price rose byVND150 from last Saturday and VND175 from Friday.Vietcombank, on the other hand, sold the greenback atVND20,810, almost reaching the permissible ceiling price of VND20,814 by thecentral bank.The inter-bank forex rate reached VND20,802-20,804 to thedollar on Monday afternoon.The exchange rate on the informal market after hitting thefresh high eased a little to between VND20,750 and VND20,850, which was stillVND170 higher than last weekend. However, given the current higher domesticgold price compared to the global price, there is a possibility of moneydealers collecting foreign currency to illegally import … [Read more...] about U.S. dollar skirts VND21,000
U.S. dollar deposit rate maintained at 0%
U.S. dollar deposit rate maintained at 0% HCMC – The State Bank of Vietnam (SBV) will continue keep the interest rate on U.S. dollar deposits at 0% despite proposals for raising it to 0.25-0.5% a year, Tuoi Tre newspaper reports. At a meeting between SBV and SBV’s HCMC branch on Tuesday, Nguyen Hoang Minh, deputy director of the SBV’s HCMC branch, said the U.S. Federal Reserve (Fed) had hiked the rate three times but the 0% rate on U.S. dollar savings in Vietnam has been maintained for more than two years. Therefore, many enterprises and experts have proposed increasing the rate, saying the Fed might increase the rate further, causing some negative impacts including foreign currency outflows. The hike is indispensable to attract U.S. dollar holders as many of them have withdrawn their deposits from banks to invest overseas. These firms and experts agreed that the policy to keep the U.S. dollar deposit rate at 0% had effectively helped the country … [Read more...] about U.S. dollar deposit rate maintained at 0%
Sacombank to facilitate farm produce import from U.S.
Sacombank to facilitate farm produce import from U.S.By Phuong Thao - The Saigon Times DailyThe program covers credit terms of up to 12 months with the total limit of US$20 million. The Commodity Credit Corporation (CCC) under the U.S. Department of Agriculture has picked four banks in Vietnam for the program.The program will help local farm produce importers gain access to capital sources with preferential terms and interest rates. This is also a chance for Sacombank’s corporate customers to expand business with prestigious exporters in the U.S.The bank has also joined hands with the U.S. Department of Agriculture and U.S. Consulate General to hold a seminar introducing benefits of the GSM-102 transactions to Vietnamese importers. … [Read more...] about Sacombank to facilitate farm produce import from U.S.
China, U.S. launch undergraduate summer exchange program
BEIJING, Sept. 17 (Xinhua) -- China and the United States will exchange 30 undergraduate students annually for three weeks of study, tour and cultural activities starting next year, according to China's Ministry of Education on Wednesday. The two countries signed a memorandum of understanding on the summer exchange program for undergraduates on Tuesday. It aimed at strengthening mutual trust and understanding between young people. The memorandum was based on the "Agreement on Educational Exchange and Cooperation" renewed by the two governments in 2006 and a result of the U.S.-China Education Dialogue held in April. The program is also an important activity to commemorate the 30th anniversary of the establishment of Sino-American diplomatic ties, and the 30th anniversary of the implementation of the Chinese-American student exchanges and the launch of the Fulbright study program. "What we do is to plant the seeds," said Goli Ameri, the U.S. Assistant Secretary of State for … [Read more...] about China, U.S. launch undergraduate summer exchange program
Officials highlight importance of culture in China-U.S. relations
Officials, scholars and artists from China and the United States on Friday launched a new round of dialogue in the cultural sector by highlighting the importance of culture and art in the relations between the two countries."Cultural exchange not only helps connect the souls and hearts, promotes the understanding and trust between our two peoples, but also plays a vital part in maintaining a sound and stable relationship between our countries," Wang Wenzhang, vice minister of China's Ministry of Culture, said at the opening ceremony of the Second U.S.-China Cultural Forum.The forum, held at the University of California, Berkeley, is sponsored by the U.S. National Endowment for the Humanities (NEH) and China's Ministry of Culture with the theme of "A Binational Conversation on Bridging Cultures."The two-day event features a series of roundtable conversations among more than 30 scholars, artists and other representatives of culture from the two countries on topics including the … [Read more...] about Officials highlight importance of culture in China-U.S. relations