1 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      2 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      3 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      4 RUSSIA & UNITED STATES CAN COMPETE & WORK TOGETHER IN ENERGY MARKET - PUTIN WWW.RT.COM PUBLISHED:2018/07/17      5 TESLA IS GETTING A CHINA FACTORY. THIS $4 BILLION STARTUP WILL BE WAITING WWW.BLOOMBERGTV.MN PUBLISHED:2018/07/17      6 HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE WWW.MINING.COM PUBLISHED:2018/07/17      7 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      8 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      9 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      10 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      ОЛОН УЛСЫН ИННОВАЦИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 53-Т ЖАГСЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/17     ШАДАР САЙД НҮБ-ЫН ӨНДӨР ТҮВШНИЙ УУЛЗАЛТАД ОРОЛЦОЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     "ТАВАНТОЛГОЙ"-Н ТӨМӨР ЗАМЫН ТӨСӨЛ УРАГШЛАХ ЭСЭХ НЬ SHENHUA-ГААС ШАЛТГААЛАХААР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/17     ХӨШИГИЙН ХӨНДИЙН НИСЭХ БУУДАЛД 5.3 ТЭРБУМ ТӨГРӨГИЙН ҮНЭ БҮХИЙ ЦАЦРАГИЙН ХЯНАЛТЫН ТӨХӨӨРӨМЖ СУУРИЛУУЛНА WWW.DNN.MN НИЙТЭЛСЭН:2018/07/17     2017 ОНЫ САНХҮҮГИЙН НЭГДСЭН ТАЙЛАН ЗӨРЧИЛГҮЙ ДҮГНЭГДЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/17     2018 ОНЫ ЭХНИЙ ХАГАСТ ХЯТАДЫН ДНБ 6,8 ХУВИАР ӨСЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     МОНГОЛ УЛС ЯПОН УЛСАД 100 МЯНГАН АМ.ДОЛЛАРЫН ХҮМҮҮНЛЭГИЙН ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     ОУВС-ГААС МАНАЙ УЛС 184.5 САЯ ДОЛЛАРЫН САНХҮҮЖИЛТ АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

64x64

Mongolian herders supply to international cashmere brand www.mse.mn

Luxury goods companies have increasingly opted to source their cashmere from Mongolia. As a result, the country's exports of cashmere garments have nearly tripled from 2009 to 2016, according to a 2017 report by the Mongolia International Capital Corp. (MICC), a regional investment bank.

This increase in demand is both a gift and a curse for nomadic herders, who make up about 50% of the population. Cashmere goats are by far the most lucrative of livestock, but keeping up with booming demand is proving unsustainable. Herders have at least doubled—if not tripled—the size of their flocks over the past decade, says William Danforth, author of the MICC report.

The Mongolian government is ill-equipped to handle the classic tragedy-of-the-commons problem, so private international actors are stepping in. Paris-based Kering Group, which owns brands like Gucci, Yves Saint Laurent, and Balenciaga, is partnering with nonprofits to develop more sustainable models for cashmere production. The group’s focus is educating herders on pasture management and animal welfare, but there is much work to be done further down the supply chain.

Cashmere manufacturing is a complex ecosystem riddled with middlemen who sell the processed fabric for USD 150 per kilogram, while herders themselves get only USD 20 of that.

...


64x64

Weekly trading report www.mse.mn

During the week spanning December 04 to December 08, 2017, MNT6,562,131,379 worth of securities were traded through 5 trading sessions on the MSE. The daily average MNT volume was MNT1.3 billion.

1. STOCK TRADING:

A total of 61 companies’ 8,509,580 shares worth MNT6,055,558,659 were traded.

2. GOVERNMENT SECURITIES TRADING:

No government securities were issued on the primary market during the week spanning December 4 to December 8, 2017.

On the secondary market trading of Government securities, 4,054 units of securities were traded for MNT416,672,720 through 8 trading sessions

3. CORPORATE BONDS TRADING:

As of December 8, 2017, total market capitalization of MSE is MNT2,633,535,201,424 . The MSE ALL index declined by 1.42% to stand at 1,230.94 units.

...


64x64

December 11, 2017 trading report www.mse.mn

On December 11, 2017, 1,282,398 shares of 52 firms listed as Tier I, II, and III were traded. 29 firms’ shares increased in price, 17 decreased and 6 remained unchanged. E-Trans BayanTeeg JSC /BTG/ was the top performer, increasing 11.55 percent, whereas Nekheesgui Edlel JSC /NXE/ was the worst performer, decreasing 14.29 percent.

The MSE ALL Index decreased by 0.81 percent to stand at 1,220.93 points. The MSE market cap stands at MNT2,624,384,707,766.

...


64x64

JD to invest $150m in green technology www.chinadaily.com.cn

JD Logistics, the logistics arm of the country's second-largest e-commerce player JD.com Inc, announced decision to invest 1 billion yuan ($151 million) to establish a green fund, in a bid to promote the use of sustainable, greener packaging materials throughout the supply chain.

JD will work with international logistics giants such as DHL, La poste, Yamato, SF Express, consumer products conglomerate Nestle, Danone, and environmental protection organizations to carry out the Green Stream Initiative.

Wang Zhenhui, CEO of JD Logistics, said: "The fund is just a start and the money will be used in the overhauling of the infrastructure of JD Logisitics, the improvement in packaging material, the innovation in finance supply chain services, and for research and application of big data in supply chain."

JD Logistics announced decision to invest 1 billion yuan ($151 million) to establish a green fund. [Photo provided to chinadaily.com.cn]
JD expects to reduce the number of boxes used throughout the supply chain by 10 billion by 2020.

It also expects that 80 percent of packaging materials will be recyclable, with over 50 percent of plastic packages replaced by biodegradable material and 100 percent of logistics packaging materials to be composed of recyclable or reusable materials, JD said in an ealier statement.

In June, it began operating its first fleet of clean energy delivery trucks in Beijing, Shanghai and Chengdu – becoming the first domestic logistics player to employ large-scale green delivery vehicles.

...


64x64

Russia signs deal to build Egypt's first nuclear power plant www.rt.com

Moscow and Cairo have signed an agreement to construct Egypt’s first nuclear plant. The project will cost $21 billion and is due to be finished by 2028-2029.

The preliminary agreement between the countries was signed in 2015. A loan from Russia would cover 85 percent of the construction costs, and Russia's Rosatom would service the plant’s four reactors for 60 years, company chairman Aleksey Likhachyov said on Monday.

The presidents plan to discuss economy, energy, politics, as well as the possibility of resuming air travel between Russia and Egypt, suspended in November 2015 after a terrorist attack resulted in a crash of a Russian passenger jet over Sinai.

"I am pleased to note that our economic links are developing at a fairly high pace, and we really have a lot of good projects ahead,” Putin said.

"Since the 1950s and 60s, Russia has always supported Egypt and still supports our country: both metallurgical plants and the construction of the Aswan dam, and today we will sign a contract for the construction of a nuclear power plant," al-Sisi replied.

Through September, trade between Russia and Egypt increased 48 percent compared to the same period last year and exceeded $4 billion.

After meeting with the Egyptian president, Putin will head to Ankara to meet Turkish President Recep Tayyip Erdogan. Besides politics, they are expected to discuss the Akkuyu nuclear power plant and other matters, said Kremlin spokesman Dmitry Peskov.

...


64x64

Asia shares take breather, Brent breaks above $65 www.reuters.com

SYDNEY (Reuters) - Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.

A pedestrian stands to look at an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo, Japan, February 26, 2016. REUTERS/Yuya Shino
The latest promising news came from China where banks doled out a surprisingly generous dose of credit in November, which could bode well for a pick up in retail sales and industrial output due later in the week.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dithered either side of flat having bounced 2 percent in the past three sessions.

Moves were minor across the region, with blue chip Chinese shares off 0.2 percent .CSI300 and Australia up 0.1 percent . Japan's Nikkei .N225 was likewise steady, after the index scored its highest close in 25 years on Monday. [.T]

There was no lasting market impact from an explosion in New York’s busy Port Authority commuter hub which New York Mayor Bill de Blasio described as an “attempted terrorist attack.”

Investors continued their policy vigil with the Federal Reserve set to end its two-day meeting on Wednesday, while the European Central Bank meets on Thursday.

JPMorgan Economist David Hensley suspects the Fed will revise up its growth forecast while trimming the outlook for the unemployment rate, potentially adding upside risk to the “dot plot” forecasts on interest rates.

“The dot plot previously called for three hikes in 2018; it is a close call whether this moves to four hikes,” he warned, a shift that would likely boost the dollar but could bludgeon bonds.

“For its part, the European Central Bank (ECB)is likely to emphasize its low-for-long stance and continue to distance itself from the Fed,” he added. “The staff is likely to revise up its 2018 growth forecast, while we think the core inflation forecast will reveal an even slower recovery than before.”

RATES NOT EVERYTHING

The divergence in Fed and ECB policy was supposed to be bullish for the dollar, given it had widened the premium offered by U.S. two-year yields US2YT=RR over German yields DE2YT=RR to 256 basis points from 188 basis points this time last year.

The last time the spread was that plump was in 1999.

China Securities Index Co Ltd
4067.0862
.CSI300CHINA SECURITIES INDEX CO LTD
-2.41(-0.06%)
.CSI300
.CSI300.N225AAPL.O
Yet the euro is currently up 12 percent on the dollar this year, while the dollar is down 8 percent on a basket of currencies .DXY - an indication interest rate differentials aren’t everything in forex.

On Tuesday, the euro was steady at $1.1768 EUR= having failed to clear resistance around $1.1812 overnight. The dollar was idling at 113.48 yen JPY=, just off a one-month top of 113.69.

Dealers at Citi noted interbank volumes in the forex market had been 35 percent below average overnight and another thin session was likely on Tuesday.

There was a little more action in bitcoin, which was last at $16,350 on the Bitstamp exchange BTC=BTSP while its newly minted futures contract <0#XBT:> fell back to $17,800.

In commodity markets, gold remained out of favor at $1,243.90 an ounce XAU= having suffered its biggest weekly drop since May last week.

Oil prices pushed ahead in the wake of news of a temporary shutdown of a pipeline that carries the biggest volume of the five North Sea crude oil streams. [O/R]

Brent crude futures LCOc1 rose another 38 cents to $65.07 a barrel, after jumping $1.35 on Monday. U.S. crude futures CLc1 added 26 cents to $58.25 a barrel.

...


64x64

1,200 North Korean workers to leave Mongolia as South Korea calls for increased sanctions www.theubpost.mn

More than 1,190 North Korean citizens working in Mongolia will not be allowed for renewal of their contracts in accordance to the UN Security Council’s crackdown on the reclusive state’s exported workforce.

The UN Security Council ordered nations to stop providing guest worker permits to North Koreans and the US has been pushing for more sanctions after Pyongyang tested another intercontinental ballistic missile in late November.

South Korea has called on Mongolia to take more of an active part in the international community’s sanctions against North Korea. South Korea’s Defense Minister Song Yong-moo met with Mongolian Minister of Defense N.Enkhbold on December 7, agreeing on a more cooperative efforts to resolve the North Korean nuclear and missile issue, reported the Seoul’s defense ministry.

Song Yong-moo asked Mongolia to take an active part in the international community’s sanctions on North Korea for its illicit weapons development.

Song requested Mongolia’s efforts to persuade the North to denuclearize itself in consideration of their traditional diplomatic ties, according to the ministry.

Seoul sees Mongolia as a channel to North Korea seeing as Ulaanbaatar has enjoyed relatively friendly relations with the country since 1948, the year the DPRK was founded.

Minister of Defense N.Enkhbold responded positively and said that Mongolia would continue to cooperate with South Korea on the North’s threats to jeopardize the peace and stability of the peninsula and the world.

The ministers also agreed to push for the expansion of military partnerships and defense industry cooperation between their countries.

Minister of Defense N.Enkhbold was on a visit to Seoul to attend the South Korea-Mongolia business forum. He extended his invitation to visit Ulaanbaatar to Minister Song Yong-moo.

North Koreans have to leave Mongolia by the end of the year as their one-year work authorization will not be renewed, the labor ministry said.

“Private entities will not be able to offer new contracts due to the UN resolution. Mongolia has been following every part of the resolution,” Shijeekhuugiin Odonbaatar, a Mongolian foreign ministry official told Agence France-Presse (AFP).

According to statistics, there were a total of 1,190 North Korean citizens working in Mongolia as of November 2017. The peak number of North Korean workers was in 2013 when Mongolia employed more than 2,123 guest workers.

...


64x64

Transport Minister attends Transport Week 2017 www.mongolia.gogo.mn

Minister of Road and Transportation Development J. Bat-Erdene attended Transport Week 2017, an annual international industry event, at the invitation of Russian Transport Minister Maksim Sokolov. Transport Week was held in Moscow, Russia, from December 2 to 8.

Minister J. Bat-Erdene met with Minister Sokolov and Russian Railways President Oleg Belozerov to discuss strengthening the capacity of Ulaanbaatar Railway JSC and introducing technical upgrades.
The sides also exchanged views on implementing the railway project for the Russia-Mongolia-China economic corridor. Minister J. Bat-Erdene noted that Mongolia is eager to participate in regional logistics by cooperating with Russia and China.

...


64x64

Apple 'to buy Shazam for $400m' www.bbc.com

Apple is close to buying the music recognition app Shazam for about $400m (£300m), media reports say.

Shazam, a UK company founded in 1999, allows people to use their smartphone or computer to identify and buy music through a snippet of sound.
Shazam, which says it has more than 100 million monthly users, makes most of its revenue from commissions paid on referrals to Apple's iTunes Store.
Neither Apple nor Shazam have commented on the reports on the TechCrunch site.
If the deal is confirmed, Shazam will become the latest in a string of UK technology firms to be bought up by larger businesses.
The influential Music Business Worldwide site points out that the reported price is significantly lower than the $1bn valuation placed on Shazam during its last funding round in 2015.
By acquiring Shazam, Apple would basically cut out the middleman and save money on commissions.
It would also hurt the competition, since Shazam would no longer be referring people to rivals Spotify and Google Play Music.
The deal would also help the Apple Music service gain ground on Spotify, by making it easier for users to find songs and add them to playlists.
At present, Spotify has 60 million users worldwide, while Apple Music has just 27 million.

...


64x64

Papers on Harumafuji sent to prosecutors www3.nhk.or.jp

Japanese police have sent papers to prosecutors on former sumo grand champion Harumafuji for assaulting and injuring a rank-and-file wrestler.

In the papers sent on Monday, the police in Tottori Prefecture, western Japan, are calling on prosecutors to indict Harumafuji.

The police say he hit Takanoiwa with his bare hands and a karaoke remote control in October at a bar in Tottori City. They say Takanoiwa sustained head injuries that took about 10 days to heal.

The 2 were among a group of Mongolian wrestlers who were out drinking during a regional tour for the Japan Sumo Association. Members included Hakuho and Kakuryu, also yokozuna grand champions.
Police investigators interviewed the Mongolians and others at the scene to determine what brought about the assault.

Investigators say they learned that Harumafuji became angry with Takanoiwa's behavior while the junior wrestler was being admonished by Hakuho.

The police say they sent the papers to prosecutors as the unilateral assault caused serious injury. They also noted that the 2 sides have not reached a compromise settlement.

Late last month, about one month after the incident, Harumafuji retired from sumo to take responsibility for his actions.

Takanoiwa sat out the year's last 15-day competition because of his injuries, and is expected to be demoted to the 2nd sumo division.

...