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

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Siemens supplies electrical equipment for underground copper mine in Mongolia www.mqworld.com

Siemens is undertaking the engineering, design, production and supply of the electrical equipment for the Oyu Tolgoi copper mine conveyor system. The delivery comprises the new conveyor system with gearless and conventional drives from thyssenkrupp Industrial Solutions. The new system extends the existing opencast mining facility and is expected to bring 95,000 tons of copper ore to the surface per day. The conveyor system has to overcome a difference in height of almost 1,400 meters. Initial production is expected to commence in 2020. The order value is in the tens of millions of Euros.

Siemens is supplying thyssenkrupp with state-of-the-art electrical equipment consisting of 8DA10 (gas-insulated) and NX-AIR (air-insulated) medium-voltage switchgear, transformers, low-voltage energy distribution, Sinamics SL 150 and Sinamics S150 frequency converters as well as low-speed synchronous motors with a nominal power of 5.5 megawatts and smaller squirrel cage induction motors. The delivery also includes pre-assembled ‘E-Houses’ for installing the equipment as well as power factor correction and harmonic filtering equipment. To fulfil the requirements of the underground environment the dimensions of those “E-Houses” were reduced to an absolute minimum.

The transport system consists of a total of nine conveyors – seven underground and two at surface. Four of these conveyor belts have a gearless design, each with two 5.5 megawatts drive systems.
As one of the leading global providers, thyssenkrupp Industrial Solutions specializes in planning and supplying advanced mining and conveying systems. By using Siemens technology, the industrial group has already achieved one of the longest and most powerful conveying systems in the world. Siemens has been supplying thyssenkrupp with innovative, reliable and powerful drive systems and electrical equipment for international mining projects for over six years. This close and successful collaboration has allowed Siemens to win the copper mine project in Mongolia. The mine is approximately 550 kilometers south of the capital city of Ulaanbaatar and is located in the province Aimag of Umnugovi in the Southern Gobi region of Mongolia. The Oyu Tolgoi mine complex is a joint venture between the Mongolian government and Turquoise Hill Resources with Rio Tinto as the majority owner of Turquoise Hill Resources.

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Qualcomm Says Apple Breached Contract on Phone-Chip Software www.bloomberg.com

Qualcomm Inc. has sued Apple Inc., accusing the iPhone maker of failing to abide by the terms of a software license and said it may have used its unprecedented access to that code to help Qualcomm-rival Intel Corp.

The chipmaker filed the lawsuit against Apple on Wednesday in California state court in San Diego, adding yet another front to their bitter legal battle. Apple is being sued for breach of a contract that governs the use of software needed to make chips work with other parts of mobile phones and communicate with networks.

The two companies are embroiled in an escalating dispute over technology licensing fees that Qualcomm charges for patents that cover the basics of how mobile phone systems work. Apple says Qualcomm is unfairly charging too much and leveraging its strong market position in chips illegally. Qualcomm has countered that Apple, one of its largest customers, has lied to regulators in an unfair attempt to bully it into charging less.

Apple uses Qualcomm modems, chips that connect the iPhone to cellular networks. It widened its suppliers to include Intel for some versions of the iPhone beginning with the 7 model. Apple representatives didn’t immediately respond to requests seeking comment.

Qualcomm alleges in the latest suit that Apple failed to protect the chipmaker’s software and isn’t allowing an audit to review how the iPhone maker handles the software, an obligation that Qualcomm says is included in their contract. Apple made an email request for proprietary information from Qualcomm and included an Intel engineer on the distribution list, according to the suit. It also alleges an Apple engineer working with a competitor asked a colleague to request information from Qualcomm on data download technology.

The suit comes a few days after it emerged that Apple is designing iPhones and iPads for 2018 that don’t use components from Qualcomm, according to a person familiar with the matter. If Qualcomm loses that business, it would cut the company’s revenue by about 7.5 percent, Raymond James & Associates estimates. The product plans are in the early stages and may still change, said the person, who asked not to be identified because the matter is private. Apple made the decision amid a dispute over the iPhone maker’s access to the San Diego-based company’s proprietary technology, said people familiar with the matter.

Qualcomm shares were up 3.8 percent to $55.47 in New York trading after the company reported better-than-expected earnings Wednesday. Apple was little changed at $167.85 ahead of its financial results later in the day.

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November 02, 2017 trading report www.mse.mn

On November 02, 2017, 34,988 shares of 39 firms listed as Tier I, II, and III were traded. 12 firms’ shares increased in price, 10 decreased and 17 remained unchanged. Juulchin Gobi JSC /JGV/ was the top performer, increasing 14.08 percent, whereas Moninjbar JSC /MIB/ was the worst performer, decreasing 4.76 percent.

The MSE ALL Index increased by 0.65 percent to stand at 1,152.62 points. The MSE market cap stands at MNT 2,247,106,617,566.

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Investors start to trust in DBM www.montsame.mn

Ulaanbaatar /MONTSAME/ The National Statistical Office’s report on the social and economic situation of Mongolia in the first nine months has shown an economic recovery, having higher main economic indicators than the expectation.

Those include the payment balance matched to the indicator of the same period of 2011 or with profit of USD201 million, foreign trade balance grew up by USD 767 million since October 2015, having profit of USD 1.452 million, official reserve of foreign currency (as of the first eight months) raised to USD 1.6 billion--up by 43.2 per cent or USD 482 million since the beginning of the year. Moreover, the budget deficit lowered to MNT 737 billion, declining by 64 per cent compared to the same period of last year, while the USD official exchange rate against Mongolian Tugrik (MNT) weakened by one per cent since the beginning of this year, proving stabilization of Mongolian economy.

In addition, the Development Bank of Mongolia (DBM) independently withdrew a source of USD96.6 million from foreign banks and financial organizations in the third quarter of 2017 within its basic activities. By this action the DBM has augmented foreign currency inflow, providing the currency for domestic need at proper level and has given support to stabilize currency fluctuation as well as it has raised international investors’ trust in Mongolian Government. The DBM also has been working to back stable economic growth with its activities including having made additional source that had not been reflected in the budget in compliance with the Law on Debt Management.

The DBM will strive to support a stable economic growth of the country further through constantly broadening cooperation with international bank and financial organizations.

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Mongolian and EU sign agreement on establishment of delegation www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia-EU relations enter a new phase with the Framework Agreement on Partnership and Cooperation in force and the opening of EU Delegation in Mongolia.

On November 2, Minister of Foreign Affairs D.Tsogtbaatar and the EU Ambassador to Mongolia Hans Dietmar Schweisgut signed an Agreement on the Establishment and Privileges and Immunities of the Delegation of the European Union to Mongolia between the Government of Mongolia and the EU and the European Atomic Energy Community (EAEC) in the State House.

“The opening of the EU Delegation in Mongolia means that a new structure to ensure full implementation of the Framework Agreement has been created,” remarked Foreign Minister D.Tsogtbaatar, emphasizing the importance of the Delegation in further intensification of bilateral relations. “The opening of the EU Delegation is the outcome of diligent efforts of many diplomats from both sides,” he said.

The Minister of Foreign Affairs also expressed his appreciation towards the role and contribution of the EU and its member states in nurturing and sustaining democracy and human rights values in Mongolia. The Minister informed that he proposed to cooperate with the EU actively in promotion of SMEs during his meeting with the EU Ambassadors prior to the signing ceremony.

“For the EU, Mongolia is a like-minded partner, a country built on strong democratic potentials, sharing our values and protecting human rights,” remarked Ambassador Schweisgut following the ceremony. “Mongolia has also grown into a bright market economy, therefore we want to expand our relationship in all areas,” he added.

Ambassador Schweisgut stated that the EU looks forward, with the Delegation in Mongolia in cooperation with the Embassies of the EU Member States, to develop bilateral relationship further with focus on trade and investment areas. The Delegation will strengthen the EU's relationship with Mongolia, and is a sign of the EU's long-term commitment to the people of the country.

Ambassador Schweisgut is leading a group of more than 20 ambassadors and senior European diplomats from EU Member States to Mongolia on November 1-3 for their annual meeting with the Mongolian leadership as well as civil society representatives. The objective of these meetings is to take stock of relations between the EU and Mongolia, and to discuss how to strengthen, promote and extend the scope of cooperation between the parties.

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Kaspersky Lab detects virus that steals bitcoin & other cryptocurrencies www.rt.com

Russian cybersecurity company Kaspersky Lab said it has detected a new malware able to steal cryptocurrencies from users’ web wallets by replacing their address with that of its creator.
Cybercriminals are targeting digital currencies such as bitcoin, ethereum, zcash, dash, monero and others, according to the company. However, the maximum losses were borne by owners of bitcoin-wallets with nearly 23 bitcoins worth over $160,000 stolen. Sums stolen from other digital wallets are ranging from a few dollars to several thousand.

“Cryptocurrency is not a far-off technology anymore. Lately, we have observed an increase in malware attacks targeting different types of cryptocurrencies and we expect this trend to continue,” Sergey Yunakovsky, a malware analyst at Kaspersky Lab, said in a statement.

The new virus, named CryptoShuffler, activates itself when a targeted user attempts to transfer money from one wallet to another. The procedure requires the recipient’s wallet ID, which commonly consists of a long set of symbols and is impossible to memorize, making a user apply a copy-paste option.

Kaspersky to share threat intelligence with Interpol in ‘fight against cybercrime’ — RT World News
Kaspersky Lab signed a threat intelligence sharing deal with Interpol on Thursday, as the Russian cybersecurity firm continues its fight against US claims of being involved in spying activities.

The process involves copying wallets' numbers and pasting them into the “destination address” line of the software that is used to carry out a transaction. At that stage, CryptoShuffler starts to monitor the device's clipboard, utilized by a victim when making a payment.

The virus replaces the wallet with one owned by the creator, which means that a user pastes the wallet ID, not in the address they originally intended to send money to. As a result, a user transfers his or her money directly to cybercriminals, unless the user spots the sudden replacement.

 
 
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Russia bidding to construct 16 nuclear power plants in Saudi Arabia www.rt.com

Russian state corporation Rosatom is interested in building Saudi Arabia's nuclear infrastructure, according to Russian Energy Minister Aleksandr Novak.

“The nuclear industry is an important part of our cooperation,” said Novak at a meeting of the intergovernmental commission, adding “Rosatom could take part in the creation of a nuclear cluster in Saudi Arabia, including the construction of 16 modern nuclear reactors.”

Moscow and Riyadh have inked an agreement on energy and climate and a memorandum of understanding and cooperation in the energy sector.

The Russian Direct Investment Fund (RDIF) and Saudi Arabia’s Public Investment Fund (PIF) are considering investing in more than 20 projects worth over $10 billion, Novak said. As of now more than $1 billion has been spent on nine joint projects.

Russian Railways is negotiating the construction of two railroads in Saudi Arabia. The company is actively developing cooperation with Middle Eastern countries, having already agreed to electrify Iranian rail track.

The two countries are also discussing supplies of Russia’s Kamaz trucks as Riyadh has expressed an interest. Kamaz is Russia’s largest truck maker and plans to increase exports by almost five percent to 6,500 vehicles. The company ranks 16th among the world's top heavy truck manufacturers.

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Iran suggests Russia help 'isolate the Americans' by ditching dollar www.rt.com

The best way to beat US sanctions against Iran and Russia is joint efforts to dump the American currency in bilateral trade, according to Iranian Supreme Leader Ali Khamenei.

"By ignoring the negative propaganda of the enemies, that seek to weaken relations between countries, we can nullify US sanctions, using methods such as eliminating the dollar and replacing it with national currencies in transactions between two or more parties; thus, isolate the Americans," he said on Wednesday at a meeting with Russian President Vladimir Putin in Tehran.

According to Khamenei, economic relations have vast room for improvement. "In the transportation sector, we can expand cooperation, using the main axis of Chabahar port to the port of Saint Petersburg, as well as in other economic areas,” he said.

During the meeting, which lasted about an hour and a quarter, Putin replied that Russia considers Iran “a strategic partner and a great neighbor, and we will take advantage of every opportunity to expand and consolidate relationships in all dimensions.”

The Russian president said the US wants to interfere in all matters of the world and the region and often ignores interests of its allies to do so.

However, since 2014, despite the sanctions, “we devoted our funds to scientific and technological progress, and we had significant growth in the fields of biotechnology, IT, agriculture and space industries. Now, in spite of the initial concerns, we have realized that we can do whatever we decide to," said Putin.

Putin is visiting the Iranian capital to attend a trilateral summit with the leaders of Iran and Azerbaijan.

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Suzuki considering joining Toyota-led EV alliance www.nhk.or.jp

Suzuki Motor is considering joining an electric vehicle alliance led by other Japanese auto firms in an attempt to respond to increasing global demand for eco-friendly models.

President Toshihiro Suzuki told reporters on Thursday that Japanese auto companies should work as a team to compete against European, US, and Chinese firms.

Toyota Motor, Mazda Motor, and automotive parts manufacturer Denso set up a new company in September to develop electric vehicles.

Suzuki said if a shift to hybrid and electric vehicles takes off in India, his company would quickly lose its strong position in the key overseas market.

He added the company is not going to miss the bus in the global move to go electric.

Suzuki has upgraded its financial projections for the current fiscal year ending in March.

It forecasts sales will come to 31.6 billion dollars and operating profit will reach 2.6 billion dollars. Both figures would be record highs.

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Mongolian Mining Corporation Ord Cayman (OTCMKTS:MOGLQ) Shorted Shares Increased By 7% www.kldaily.com

The stock of MONGOLIAN MINING CORPORATION ORD CAYMAN (OTCMKTS:MOGLQ) registered an increase of 7% in short interest. MOGLQ’s total short interest was 246,000 shares in November as published by FINRA. Its up 7% from 229,900 shares, reported previously. With 1.59M shares average volume, it will take short sellers 0 days to cover their MOGLQ’s short positions.

It closed at $0.03 lastly. It is down 0.00% since November 1, 2016 and is . It has underperformed by 16.70% the S&P500.

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