1 TOP 10 RICHEST PEOPLE IN MONGOLIA 2018 MONGOLIAN BILLIONAIRES WWW.ELITESHARED.COM PUBLISHED:2018/07/22      2 IRKUTSK REGION'S EXPORT OF CHICKEN EGGS TO MONGOLIA ALMOST DOUBLED WWW.RUSEXPORTER.COM PUBLISHED:2018/07/21      3 86 PERCENT OF ACTIVE ENTITIES IN MONGOLIA HAVE UP TO 9 EMPLOYEES WWW.GOGO.MN PUBLISHED:2018/07/20      4 MONGOLIA TAKES STEPS TO BOOST CASHMERE PRODUCTION WWW.NEWS.MN PUBLISHED:2018/07/20      5 HIV INFECTIONS RISES TO 262 IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2018/07/20      6 FRONTCLEAR FACILITATES A LANDMARK TRANSACTION WITH STATE BANK MONGOLIA, EBRD AND ING BANK WWW.KTVN.COM PUBLISHED:2018/07/20      7 MONGOLIA COULD BE RIO'S COPPER GROWTH KEY WWW.MINING-JOURNAL.COM PUBLISHED:2018/07/20      8 FOREIGN OFFICE MINISTER MARK FIELD VISITS MONGOLIA WWW.GOV.UK PUBLISHED:2018/07/20      9 ZOO-BRED PRZEWALSKI’S HORSES ARE FREED INTO THE PLAINS OF MONGOLIA WHERE THEIR ANCESTORS ROAMED FOR CENTURIES HAVING BATTLED BACK FROM JUST ONE SURVIVING WILD ANIMAL WWW.DAILYMAIL.CO.UK PUBLISHED:2018/07/20      10 MONGOLIAN AND CHINESE JOINT VENTURE ESTABLISHED WWW.MONTSAME.MN PUBLISHED:2018/07/20      ТАВАНТОЛГОЙ-ЗҮҮНБАЯН ЧИГЛЭЛИЙН ТӨМӨР ЗАМЫГ БАРИХ АЖИЛ ЭХЛЭЭД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/22     ШИНЭ УРГАЦ ГАРЧ ЭХЭЛСЭН Ч НОГООНЫ ҮНЭ ӨНДӨР ХЭВЭЭР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/20     АВТОЗАМД ҮҮССЭН ХОХИРЛЫН ХЭМЖЭЭ 1,3 ТЭРБУМ ТӨГРӨГТ ХҮРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/07/20     BURBERRY БРЭНД 32.6 САЯ АМ.ДОЛЛАРЫН ҮНЭ БҮХИЙ БАРАА БҮТЭЭГДЭХҮҮНЭЭ ШАТААЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/20     ИРГЭДЭЭС ЦУГЛАСАН ХАНДИВААР ГАЛ УНТРААХ ТОНОГ ТӨХӨӨРӨМЖ АВЧЭЭ WWW.DNN.MN  НИЙТЭЛСЭН:2018/07/20     ГААЛИЙН БАЙГУУЛЛАГЫН ТӨСӨВТ ТӨВЛӨРҮҮЛСЭН ОРЛОГО 1.2 ИХ НАЯД ТӨГРӨГТ ХҮРЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/20     ИХ БРИТАНИЙН АЗИ НОМХОН ДАЛАЙН БҮС НУТГИЙГ ХАРИУЦСАН САЙД МАРК ФИЙЛД МХБ-Д ЗОЧИЛЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/20     ЭКО АЛТНЫ УРАМШУУЛЛЫГ МОНГОЛБАНК ОЛГОХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/20     ЯМАШИТА МАМОРҮ: МОНГОЛД ДУНДАЖ ЦАЛИНГ ТЭТГЭВРИЙН ХЭМЖЭЭТЭЙ УЯЛДУУЛЖ ТООЦОХ МЭРГЭЖЛИЙН БАГ ХЭРЭГТЭЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/20     ХЯТАД УЛС БИЗНЕСИЙН ОРЧНОО САЙЖРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/19    

Events

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

NEWS

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Takata shares rise on US airbag settlement reports www.bbc.com

 
Shares of Japanese airbag manufacturer Takata have risen on reports it will settle a lawsuit with US regulators.
The firm is expected to pay up to $1bn (£822m) and plead guilty to criminal wrongdoing over faulty airbags, which have been linked to the more than a dozen deaths globally.
Most major carmakers have been affected by the fault, with around 100 million Takata airbags recalled globally.
Takata shares rose more than 16% in early Tokyo trading.
Restructuring plan
Takata has acknowledged some of its airbag inflators exploded with too much force and sprayed metal shrapnel into the car.
The fault has been linked to the loss of at least a dozen deaths and more than 100 injuries.
Takata has not disclosed the total cost of the global recall, but there have been multiple reports it is working on a restructuring deal and potential bankruptcy protection.
The outgoing US administration is keen to clear several of its major investigations before President Barack Obama leaves office.
US authorities have announced several large settlements involving in recent days, including against Volkswagen and Fiat Chrysler.
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Iran welcomes Airbus as first post-sanctions airliner www.bbc.com

 
Iran has taken delivery of its first Western-built passenger plane in decades, following the lifting of sanctions last year.
The Airbus A321 landed in Tehran to an official ceremony that included Transport Minister Abbas Akhoundi.
IranAir will eventually take possession of 100 planes from Airbus and 80 from Boeing.
World powers agreed to lift sanctions against Iran in return for its curbing of nuclear activities.
The Airbus 321 had flown from Toulouse in France and its passengers included company chief Fabrice Bregier.
Correspondents say Thursday's arrival is being seen as symbolic of Iran's emergence from decades of economic isolation.
State TV called it "a historic moment for Iran, signalling the end of the sanctions era for the country".
"This is a prelude to the delivery of other aircraft and the renovation of Iran's ageing air fleet," it added.
The IranAir fleet is among the oldest in the world, experts say, and has relied on parts being smuggled into the country to keep its planes flying.
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Top fund manager likens Trump market rally to dotcom bubble www.theguardian.com

 
Britain’s best known fund manager has likened the current stock market euphoria to the dotcom bubble, even as the FTSE 100 closed at yet another record high.
 
After a volatile day’s trading, the leading index finished 1.88 points higher at 7292.37, marking the 11th consecutive day of record closes and the market’s 13th successive daily rise.
 
But Neil Woodford, who admitted his own fund’s performance in 2016 was disappointing, said the current situation reminded him of the technology bubble which reached a peak on the last day of 1999 and then burst dramatically.
 
He said : “There was a period then when fundamentals didn’t matter at all and markets just became completely momentum-orientated. There was no price that people wouldn’t pay to be positioned in technology stocks and no price that they wouldn’t sell shares that were focused on the old economy.
 
“And in a similar sort of way – maybe not to the same extreme, but in a similar way, we have seen 2016 play out like that. Valuation has become significantly less important. Indeed, arguably irrelevant in this sort of post-Trump period. Momentum has driven the share prices, not fundamentals.”
 
The FTSE 100 has been boosted by a fall in sterling since the Brexit vote, which has helped those companies which make most of their earnings overseas and has also made UK businesses cheaper for overseas investors.
 
An early rise in the pound on Thursday, as the dollar weakened, sent the index lower in early trading. The slump in the greenback, which pushed the pound up nearly 1% to $1.2316, followed disappointment that US president-elect Donald Trump had not given details of his proposed spending and tax plans to boost the economy at Wednesday’s press conference.
 
Pharmaceutical companies, hit by renewed threats by Trump to cut the prices they charge for their drugs, were among the losers, while Christmas trading statements from UK retailers proved a mixed bag.
 
But sterling lost its gains as the day progressed and was marginally lower at £1.221 by the time the London stock market closed, helping the leading index edge to its new peak.
 
In the US, the disappointment with Trump’s press conference performance and the lack of economic news from the president-elect sent the Dow Jones Industrial Average down 152 points to 19,802 by lunchtime. On Friday, it had come within one point of breaching the elusive 20,000 barrier.
 
Chris Beauchamp, chief market analyst at IG, said: “The apparent demise of the rally is being blamed on disappointment following the president-elect’s press conference, but in reality the surge was already running on air, with US markets in particular having essentially gone nowhere since mid-December. This fact was masked by the ongoing hope of Dow 20,000, but it looks like this has been scrubbed from the timetable for the next few weeks.”
 
In the eurozone, a stronger euro saw Germany’s Dax drop 1% and France’s Cac close down 0.5% with exporters among the leading fallers.
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Gold price makes stab at $1,200 www.mining.com

 
Gold advanced to a six-week high on Wednesday after Donald Trump's first press conference as US president-elect sparked a sell-off in the US dollar.
 
Gold for delivery in February, the most active contract on the Comex market in New York, hit a high of $1,198.50 an ounce in early afternoon trade, up over 1% from Tuesday's close and the highest on an intra-day basis since November 28.
 
Gold is up more than $70 an ounce since hitting post-US election lows mid-December, but remains down some $140 from an initial but brief surge on election night as results showed a likely victory for Trump.
 
A pillar of president-elect Trump's economic plan is fiscal stimulus in the form of tax cuts and $500 billion-plus of infrastructure spending.
 
Gold bears have been making big bets that a Trump administration will lead to strong US economic expansion, higher interest rates and a stronger dollar. Higher interest rates boosts the value of the dollar and makes gold less attractive as an investment because the metal is not yield-producing and investors have to rely on price appreciation for returns.
 
But Trump offered nothing new on Wednesday and while the dollar was moving higher ahead of the presser, the currency fell soon after reports MarketWatch:
 
“Investors were hoping for specific answers pertaining fiscal policies and tax reforms, but Trump did not address those. Instead it was more focused on bashing China and Mexico,” said Steven Englander, global head of G-10 currency strategy at Citi.
The dollar measured against a basket of the currencies of major US trading partners surged following the elections hitting a 14-year high. The greenback's all-time peak of 164.7 was reached in February 1985. That coincided with a bottom in the price of gold of $284.25 an ounce.
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China-only Nokia to add to fierce phone competition www.chinadaily.com.cn

 
Finnish startup HMD Global has unveiled its first ever Nokia branded android phone that exclusively targets Chinese consumers.
 
The Nokia 6 was debuted last week at the International Consumer Electronics Show in Las Vegas.
 
At a press conference in Beijing on Wednesday, HMD Global chief executive officer Arto Nummela, expressed his optimism about the market potential of China.
 
"We believe that we've had an in-depth understanding of the Chinese market and we've prepared to meet the competitions," Nummela said. "Chinese consumers are very well-educated and they know what they are demanding, their energy impressed me each time I have visited the nation."
 
It is the first handset released under the Nokia brand since 2014, when Nokia sold its devices and services division to Microsoft Corp.
 
The Nokia 6 will be equipped with a 5.5-inch full high definition display with 2.5D Gorilla Glass on top, and will have the latest Android Nougat operation system installed out of the box.
 
Che Xiangguang, general manager of products and business development division of HMD Global Greater China Region responded to questions about the decision to power the device with a Qualcomm Snapdragon 430 processor, recognized as a low-end product of the US chip maker.
 
He said that performance, power dissipation and user experience have to be balanced when manufacturing the phone.
 
The device has been released for pre-order on local e-commerce platform JD.com with a price at 1,699 yuan ($245), and it will start shipping January 19.
 
The platform will provide marketing and distribution services for HMD in China over the next five years, under a strategic agreement signed recently between the two companies.
 
Industry observers suggested the the once well-known brand Nokia would face challenges re-entering the fiercely competitive middle-range market, lead by domestic vendors Huawei, Vivo, Oppo and Xiaomi.
 
Counterpoint Technology Market Research director James Yan told China Daily that to select e-commerce as their beginning distribution platform was a wise move, as it will save costs and be efficient.
 
Yan also remains cautious that the brand may require a certain transition time to adapt to a market that has changed rapidly in recent years.
 
He expected 50,000 to 100,000 devices to be shipped per month.
 
Jin Di, research manager at IDC China, also noted the competition in the mid to high-end smartphone markets in China was heating up.
 
She said that although the brand still has some influence in industry circles, Nokia would face a big challenge if they are not be able to target their own niche market.
 
"The world's android phone community has seen serious product homogeneity and the Nokia phone maker has to deploy differentiation strategy to compete with the other vendors of the country," Jin said. "As the brand has faded for years in the market, difficulties will appear as HMD chooses local distributions and mobile carries to promote new products."
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Russian economy to grow steadily in next 5 years, but has capacity for more – IMF www.rt.com

Russia will see average GDP growth of 1.5 percent in the next five years, according to International Monetary Fund (IMF) Deputy Managing Director David Lipton. However, he told the Gaidar Economic Forum in Moscow the country should strive for faster growth.

In an interview with TASS news agency, Lipton confirmed October’s IMF forecast that predicts global growth of 3.8 percent by 2021, with the Russian economy to grow significantly slower at 1.5 percent.

According to Lipton, Russia should implement some policy changes, reforms and structural changes that will increase the capacity of the economy to catch up with global growth rates.

The eighth annual Gaidar Forum takes place from January 12 to 14, 2017 in the Russian capital. This year, it focuses on the analysis of the current economic situation and economic growth prospects in Russia and will cover financial and social policy issues, business climate and priorities for regional development in the country.

Besides the IMF, represented by Lipton, the World Bank’s Vice President for Europe and Central Asia Cyril Muller and Deputy Chief Economist for the World Bank Group Ana Revenga will present their report: "Russian Federation systematic country diagnostic: pathway to inclusive growth."

Members of the Russian government will also take part in the forum. They include Prime Minister Dmitry Medvedev, the newly-appointed Economy Development Minister Maksim Oreshkin, Finance Minister Anton Siluanov and the Central Bank of Russia Governor Elvira Nabiullina.

Aleksey Kudrin, Chairman of the Center for Strategic Research Foundation (CSR), and Minister of Finance for Russia (2000-2011) will make the keynote speech.

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Japan, Russia to form energy cooperation schedule www.nhk.o.jp

Japanese and Russian ministers have agreed to draw up a work schedule around the end of March to implement energy deals signed during President Vladimir Putin's visit to Japan last month.

The agreement came in a meeting between Japanese Minister for Economic Cooperation with Russia Hiroshige Seko and Russian Energy Minister Alexander Novak in Russia on Thursday.

Governments and companies of the 2 nations signed 80 agreement documents based on an economic cooperation plan presented by Tokyo.

The work schedule will focus on energy deals, including gas and nuclear power.

Ahead of the meeting, Seko met Russian Industry and Trade Minister Denis Manturov. Seko expressed his intention to attend one of Russia's biggest international trade fairs, to be held in the central city of Ekaterinburg in July.

Seko told reporters that he will do his best to increase cooperation in economic and various other areas to build a genuine partnership with Russia.

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Amazon to hire over 100,000 in US www.nhk.or.jp

IT giant Amazon says it will hire more than 100,000 people over the next 18 months in the United States. The plan comes as President-elect Donald Trump is urging firms to increase US employment.

The online retailer said on Thursday that the new recruits will be full-time workers and directly employed by the company.

Amazon said that if its plan goes smoothly, its US-based workforce will exceed 280,000, making the company one of the largest employers in the country.

Amazon CEO Jeff Bezos says innovation has created hundreds of thousands of American jobs. He notes that the new jobs are not just in Silicon Valley but also in fulfillment centers and other Amazon facilities throughout the country.

During the election campaign, Trump criticized IT firms such as Amazon and Apple for not producing enough US jobs.

In an apparent response to Trump's stance, Ford Motor and Fiat Chrysler Automobiles recently announced plans to increase investment and employment in the US.

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Japan's largest steel firm seeks assistance www.nhk.or.jp

Japan's largest steel firm is seeking assistance from other companies to increase production on its behalf due to a fire at one of its factories.

The fire broke out at Nippon Steel & Sumitomo Metal Corporation's Oita Works in western Japan on January 5th. It heavily damaged electrical equipment at the mainstay factory producing steel plates for ships and other uses. The firm says it doesn't know when it can restart production.

Its factories in Chiba and Aichi Prefectures have already increased their production of plates to address the situation. But it has become increasingly difficult to make up for the loss.

Nippon Steel & Sumitomo Metal has asked 2 other Japanese firms, JFE Steel and Kobe Steel, to produce plates on its behalf.

The firm has not commented on the quantity it has asked others to produce.

Its Oita Works shipped 2.4 million tons of steel plates last year, equivalent to one-fourth of all domestic production.

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ALERT: Mongolian air pollution kills 120 children annually www.news.mn

A new report by the Mongolian National University of Medical Sciences has revealed some disturbing figures about the impact of Ulaanbaatar's killer smog. The writers state that 120 children and 1200-1300 people in Mongolia are dying every year due to illnesses and disease caused by or exacerbated by air pollution. MNUMS researched air pollution effects on health in cooperation with the University of California and Seoul National University. The report shows that children under the age of five are at greater risk than adults; air pollution can severely damage the development of a child's body.

Based on the WHO studies in 2009, over seven thousand deaths occur annually in Mongolia; 10% of them are associated with air pollution. However, the number of deaths increased to 20% in 2014. Currently the coldest winter in a decade has led to the increase in the burning of cheap fuel in the capital's 'ger district' shanty towns, which has resulted in more intense pollution.

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