Le Thanh Trung, deputy general director of HDBank, receives the award for being the “Company with the best M&A Strategy of the Decade (2009-18) at the Viet Nam M&A Forum this week. – Photo Courtesy of HDBank. The HCM City Development Joint Stock Commercial Bank won two awards at the Viet Nam M&A Forum for being the “Company with the best Mergers and Acquisitions (M&A) Strategy of the Decade (2009-18) and making the “Outstanding IPO in 2017-18” in HCM City on August 8. It was the only bank among the nominees for the best M&A strategy of the decade. The jury hailed HDBank’s two eye-popping M&A deals in 2013: its acquisition of DaiABank and Société Générale Viet Finance, a French consumer finance company now renamed HD Saison Finance Co., Ltd. The two deals also came in for praise from financial and banking experts for their both deployment methods and strong growth potential post-merger. After the merger the … [Read more...] about HDBank walks away with best MA strategy of the decade award
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In a statement carried by the Korean Central News Agency, Choe Son-hui, a North Korean vice foreign minister, said that whether the June 12 summit between its leader Kim Jong-un and U.S. President Donald Trump will happen as scheduled entirely rests on the decision and behavior of the U.S. "Whether the U.S. will meet us at a meeting room or encounter us at nuclear-to-nuclear showdown is entirely dependent upon the decision and behavior of the United States," Choe said. "In case the U.S. offends against our goodwill and clings to unlawful and outrageous acts, I will put forward a suggestion to our supreme leadership for reconsidering the DPRK-U.S. summit," she added. DPRK is the abbreviation of the North's official name, the Democratic People's Republic of Korea. The threat came after South Korean President Moon Jae-in and Trump held a summit in Washington on Tuesday (local time). Trump suggested the summit with the North might not take place on June 12. North Korea has ramped up … [Read more...] about N. Korea threatens to walk away from planned summit with U.S.
North Korea on Wednesday threw into question an unprecedented summit between its leader Kim Jong Un and U.S. President Donald Trump scheduled for next month, denouncing military exercises between South Korea and the United States as a provocation and calling off high-level talks with Seoul. A report on North Korea’s official Korean Central News Agency angrily attacked the “Max Thunder” air combat drills, which it said involved U.S. stealth fighters and B-52 bombers, and appeared to mark a break in months of warming ties between North and South Korea and between Pyongyang and Washington. Any cancellation of the June 12 summit in Singapore, the first meeting between a serving U.S. president and a North Korean leader, would deal a major blow to Trump’s efforts to score the biggest diplomatic achievement of his presidency. Trump has raised expectations for a successful meeting even as many analysts have been skeptical of the chances of bridging the gap due to … [Read more...] about North Korea casts doubt on Trump summit, suspends talks with South
A file picture of Iranian Foreign Minister Mohammad Javad Zarif during a meeting with his Russian counterpart in Moscow on Apr 28, 2018. (Photo: AFP/Alexander Nemenov) Trump has threatened to abandon the agreement when it comes up for renewal on May 12, demanding his country's European allies "fix the terrible flaws" or he will re-impose sanctions. The nuclear deal was struck in 2015 between Iran and Britain, China, France, Germany, Russia and the United States, then led by Barack Obama. Under the pact, sanctions were lifted in return for a commitment not to pursue a nuclear bomb, but Iran says it is not reaping the rewards despite complying with the deal. "If the United States withdraws from the nuclear deal, then we will not stay in it," Ali Akbar Velayati, foreign policy adviser to supreme leader Ayatollah Ali Khamenei, was quoted as saying by the state television website. As Iran's all-powerful leader, Khamenei has the final word on all policy matters, foreign and domestic, … [Read more...] about Iran threatens to quit nuclear deal if US walks away
US President Donald Trump hosts Japan's Shinzo Abe at his Mar-a-Lago resort Tuesday (Apr 17), with both men under pressure to deliver something more than bonhomie and birdies. President Donald Trump gestures as he speaks with Japan's Prime Minister Shinzo Abe last year upon his arrival for a luncheon in Japan. (Photo: AFP/Jim WATSON) The Japanese prime minister will make his second visit to Trump's ostentatious Palm Beach, Florida estate, when the focus will be on trade and security. Last year, Trump and Abe traded fist bumps and high fives as they snuck in a round of golf in Palm Beach and a return leg near Tokyo, tucking into burgers with ketchup for good measure. "Obviously, the President has got a great relationship there," said White House press secretary Sarah Sanders looking forward to meetings this Tuesday and Wednesday. But with Abe's approval rating languishing at its lowest level in years and Trump mired in controversies and crises too numerous to list, both are … [Read more...] about Trump hosts Abe with North Korea, trade on the agenda