Russia denounces new U.S. sanctions as illegal, mulls retaliationThe Saigon Times Daily National flags of Russia and the U.S. fly at Vnukovo International Airport in Moscow, Russia April 11, 2017 – PHOTO: REUTERS MOSCOW (REUTERS) - Russia condemned a new round of U.S. sanctions as illegal on Thursday and said it had begun working on retaliatory measures after news of the curbs pushed the rouble to two-year lows over fears Moscow was locked in a spiral of never-ending sanctions. Moscow has been trying with mixed success to improve battered U.S.-Russia ties since Donald Trump won the White House in 2016, and Russia’s political elite was quick to chalk up a summit last month between Trump and Vladimir Putin as a victory. But initial triumphalism swiftly turned sour as anger over what some U.S. lawmakers saw as an over deferential performance by Trump and his failure to confront Putin over Moscow’s alleged meddling in U.S. politics galvanized a new sanctions … [Read more...] about Russia denounces new U.S. sanctions as illegal, mulls retaliation
New u s currency
Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States after a two-day meeting failed to yield a compromise. Breaking a decade-long tradition of endorsing open trade, G20 finance ministers and central bankers made only a token reference to trade in their communique on Saturday, a clear defeat for host nation Germany, which fought the new U.S. government's attempts to water down past commitments. In the new U.S. administration's biggest clash yet with the international community, G20 finance chiefs also removed from their statement a pledge to finance the fight against climate change, an anticipated outcome after U.S. President Donald Trump called global warming a "hoax". In a meeting that some said was at times 19 against one, the U.S. did not yield on key issues, essentially torpedoing earlier agreements as the G20 requires a consensus. Still, the dialogue was friendly and … [Read more...] about G20 financial leaders acquiesce to U.S., drop free trade pledge
New U.S. tax plan seen impacting Vietnam exportsBinh Nguyen HCMC - Vietnam’s exports to the United States might be impacted at least in the short term if America implements its border adjustment tax (BAT) as part of President Donald Trump’s plan to revise tax policy, a macroeconomic report said. The BAT, if implemented, would cause significant disadvantages for countries exporting goods to the U.S., including Vietnam, said the report, which was prepared and distributed by MarketIntello and the Development and Policies Research Center (DEPOCEN). The March report was released after Trump’s first address to Congress last week. He once again mentioned his plan to adjust tax policy in order to increase revenues from imports and encourage firms to invest and produce domestically. The BAT is part of this tax adjustment package. America is Vietnam’s biggest market, the report said. It quoted figures of Vietnam’s General Department of Customs as saying that … [Read more...] about New U.S. tax plan seen impacting Vietnam exports
WASHINGTON, April 20 - Anti-slavery crusader Harriet Tubman will become the first African-American on the face of U.S. paper currency, and the first woman in more than a century, when she replaces former President Andrew Jackson on the $20 bill. The U.S. Treasury Department said on Wednesday that Tubman, who was born into slavery in the early 1820s and went on to help hundreds of slaves escape, would take the center spot on the bill, while Jackson, a slave owner, would move to the back. Introduced alongside a slew of changes to the $5 and $10 notes as well, the redesign gives the Treasury "a chance to open the aperture to reflect more of America's history," Treasury Secretary Jack Lew said. A new $10 bill will add images of five female leaders of the women's suffrage movement, including Sojourner Truth and Elizabeth Cady Stanton, to the back, while keeping founding father Alexander Hamilton on the front. The reverse of a new $5 note will show former first lady Eleanor … [Read more...] about Harriet Tubman to be first African-American on U.S. currency
Russia is ready for effective cooperation with the new U.S. administration led by President Barack Obama, RIA-Novosti quoted Russian Prime Minister Vladimir Putin as saying on Friday. "We are ready for effective cooperation, and we expect a lot from the new U.S administration. All signals that we have received so far from Washington have allowed us to hope for positive dialogue," Putin told reporters on the eve of Obama's visit to Russia on July 6-8. Putin said the visit will focus on the strengthening of dialogue between the two countries. "We need it and the U.S. needs it...Many of our points of view coincide and complement one another," the prime minister said. "If our American partners abandon their plans to deploy new weapons systems in Europe, a missile shield in Europe or review their stance on the expansion of military blocs...it will be a huge step forward," he said. Putin added that he wanted to hear the U.S. view on how to overcome the current economic crisis because a … [Read more...] about Putin says Russia ready for effective cooperation with U.S.