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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Prototypes of Razer triple screen gaming laptop stolen www.bbc.com


The concept devices from gaming company Razer boasts three 4K screens and is said to be the first portable laptop of its kind.
Razer said the devices were taken from its press room on Sunday.
Chief Executive Min-Liang Tan said that his company was treating the case as "industrial espionage".
A Razer spokesperson said it was offering $25,000 for any "original information leading to the identification, arrest and conviction" of those allegedly involved in the crime.
"Our teams worked months on end to conceptualise and develop these units," he said in a post on his official Facebook page.
"It is cheating, and cheating doesn't sit well with us. Anyone who would do this clearly isn't very smart."

Headquartered in California, Razer was founded by Singaporean entrepreneur Min-Liang Tan.
The brand enjoys a cult status among the gaming community, who favour its sleek product designs and innovative offerings.
Gamers from around the world expressed their excitement about the device which is part of the firms Project Valerie.
"Razer always finds a way to outclass other brands. No offense to people who like other products," said Jason Vicencio.
"This device is a dream come true for every gamer on the go, no more having to cram graphics and line of vision into just one screen," commented Artie Derilo.
"I would love to open this up on an airplane while sitting in the middle seat," joked Marvin England
But other Facebook users like Malachy Hamilton questioned its design.
"What's the point in three screens? The point of a laptop is portability and being able to do work and some light gaming on the go," he said.
"For this, you'd need a beefy battery which would increase the weight, therefore making it less of a laptop."
Project Valerie is still a prototype and Razer has not yet published a possible release date or price.

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Honda to keep making cars in Mexico www.nhk.or.jp

The president of Japan's major automaker Honda Motor has said that he intends to maintain the company's production in Mexico.

Takahiro Hachigo said at the Detroit auto show that he will wait for the President-elect Donald Trump's policies to become clearer before reviewing the company's plans.

Hachigo also stressed Honda's contribution to the US economy.

He noted that Honda was the first Japanese automaker to manufacture its vehicles in the country. He said the company will keep building on its operations in the United States.

 
 
 
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Western Australia about to get its first uranium mine www.mining.com

Western Australia's first uranium mine seems closer than ever after the state's Environment Minister Albert Jacob greenlighted Toro Energy’s (ASX:TOE) Wiluna project, in the northern Goldfields.

The approval, said the company, consolidates into one the revised proposals to mine Centipede and Lake Way deposits, which were permitted by the previous WA government.

Under the terms of the permit, Toro Energy would need to begin mining such deposits within five years. However, uranium prices remain low, trading around $20 a pound. Last year, in fact, yellowcake became the worst performing commodity — it lost 41% of its value, touching a 12-year low of less than $18 a pound in November.

The market is not expected to pick up any time soon and its eagerly awaiting to see an anticipated increase in demand from China and India, as well as a decision on the future of Japan’s mothballed reactor fleet.

Toro now needs Federal approval, which normally follows the State decision. Its Wiluna project was the first uranium mine to win environmental approvals in Western Australia after the Liberal government overturned a ban on uranium mining in 2008. But Toro’s acquisition of the Lake Maitland deposit from Mega Uranium in mid-2013 meant the company had to go back to the drawing board in order to add the new asset to the mine plan.

While Australia does not use nuclear power itself, it is the world’s No. 3 uranium producer behind Kazakhstan and Canada.

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BMW committed to new factory in Mexico www.cnn.com

BMW is sticking with plans to open a new factory in Mexico in 2019 despite warnings from President-elect Donald Trump that he will slap a border tax on cars imported from the country.
The German automaker's head of sales and marketing, Ian Robertson, told Richard Quest of CNN that BMW is committed to the factory in Mexico.
Robertson explained that the company needs to expand manufacturing beyond its U.S. factory in Spartanburg, South Carolina, already the biggest BMW plant in the world.
"We need additional capacity, so we have chosen to build a plant in Mexico," he said. The Spartanburg plant produces up to 450,000 cars per year, he said. It sells up to 370,000 of them in the United States and exports the rest.
"In a global setup, this is normal business," he said. "At the end of the day, our commitment to the U.S. is strong."
Trump has publicly threatened automakers with a tariff on Mexican-made cars that are sold in the U.S. In recent weeks, he has specifically called out Ford (F), GM (GM) and Toyota (TM).
Last week, Ford scrapped plans to build a new $1.6 billion Mexican plant. CEO Mark Fields said the decision was made "independently" and it had not made a special deal with Trump.
Trump responded with a "thank you" tweet to Ford. "This is just the beginning - much more to follow," he said.

BMW has already started work on the new factory in San Luis Potosi, Mexico. The facility will open in 2019 and produce the BMW 3 Series Sedan.
BMW says the factory will create at least 1,500 new jobs.
"The cars which will be produced in Mexico are for the global market, not only North America," the company said.
Related: Trump's Toyota attack sets off alarm bells in Japan
The German automaker has more than 30 factories in 14 countries around the world.
The South Carolina plant employs 8,800 people and is investing $1 billion to increase production capacity. About 70% of cars made there are exported globally.

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Toyota plans to invest $10 bil. in US www.nhk.or.jp

The president of Japanese automaker Toyota says his company will invest 10 billion dollars in the United States over the next 5 years.

Akio Toyoda revealed the plan on Monday at an auto show in the US city of Detroit.

US President-elect Donald Trump had criticized the giant Japanese firm for its moves to build a plant in Mexico.

Toyoda stressed his company's contribution to the US economy. He said the firm has its largest plant in the US and employs 136,000 people across the country.

 
 
 
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GM won't move production from Mexico despite Trump’s criticism www.rt.com

General Motors has no plans to move small car production to the US from Mexico because of President-elect Donald Trump’s criticism of the company, said CEO Mary Barra.
She told reporters manufacturing decisions and plant investments are made far in advance of production and can’t be easily reversed.

“This is a long-lead business with highly capital-intensive investments—decisions that were made two, three and four years ago,” Barra said.

Last week, Trump attacked General Motors for building some of its Chevrolet Cruze compact cars in Mexico. He tweeted that the largest US automaker should make cars at home or face a hefty tariff.

GM said the imported cars represent less than five percent of the Cruze hatchbacks sold in the US. According to Barra, almost all of the sedans are built at the factory in Lordstown, Ohio.

The Detroit-based company has recently announced plans to lay off 2,000 employees at two US auto plants due to weak demand for small cars. GM is among automakers that prefer to have smaller cars manufactured in Mexico to take advantage of lower labor costs and have higher-paid American workers build more profitable trucks.

According to Barra, it is “too early to speculate” about the potential impact of any future border tax or tariff. She said the company’s strategy has much more in common with Trump’s goals for trade and jobs than differences.

“I very much look forward to being part of the solution that allows the country to be strengthened along with business, along with our manufacturing capability,” she said.

Barra is one of a group of CEOs advising Trump on economic issues. She declined to say whether has discussed the matter with him directly. People familiar with the case told the Wall Street Journal she has called Trump after his critical tweet and had a “cordial” conversation with him.

The US president-elect has repeatedly criticized local companies such as Ford and Toyota for moving jobs across the border. Trump threatened them with heavy border taxes. Last week, Ford canceled plans to build a small car factory in Mexico and announced 700 new jobs in Michigan. The company said the decision was not the result of Trump’s pressure.

Automaker Fiat-Chrysler said it would spend $1 billion in part to renovate a plant in Michigan to make some versions of its Ram pickup truck, which is currently assembled in Mexico.

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Yahoo's Marissa Mayer to resign from board after Verizon deal closes www.reuters.com

Yahoo Inc (YHOO.O) said Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc (VZ.N).

Five other directors would also resign after the deal closes, Yahoo said in an filing on Monday. (bit.ly/2iXrbwn)

The company also named Eric Brandt chairman of the board, effective Jan. 9.

Verizon's $4.83 billion deal for Yahoo's core internet assets came under renewed scrutiny by federal investigators and lawmakers last month after Yahoo disclosed the largest known data breach in history.

Mayer said in July that she planned to stay at Yahoo through the transaction's close.

Yahoo said the remaining company would be renamed Altaba Inc after the deal closes.

(This version of the story corrects to "Mayer" from "Mayers" in headline)

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)

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Alibaba tells Trump about U.S. store plan for China e-shoppers www.reuters.com

Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce company's new plan to bring a million small U.S. businesses onto its platform to sell to Chinese consumers over the next five year, an Alibaba spokesman said.

Alibaba Group Holding Ltd (BABA.N) expects the initiative to create a million U.S. jobs as each company adds a position, company spokesman Bob Christie said in a phone call.

Trump and Ma emerged from their meeting at Trump Tower in New York together. The president-elect told reporters they had a "great meeting" and would do great things together. Ma called Trump "smart" and "open-minded." He said the two mainly discussed supporting small businesses, especially in the Midwest.

Ma said that businesses such as farmers and small clothing makers could tap the Chinese market directly through Alibaba.

He called the meeting with Trump "very productive."

"We mainly talked about small business and young people and American agriculture products to china. And we also think, that the China and U.S. relationship should be strengthened, should be more friendly," he said.

(Reporting by Peter Henderson, David Alexander, Doina Chiacu and Laila Kearney; Editing by Richard Chang)

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National Security Council of Mongolia to discuss UB pollution www.news.mn

The National Security Council of Mongolia is to hold an emergency meeting under the theme of ‘fighting against environment and air pollution of Ulaanbaatar’ on 10th of January. The council will discuss air and soil pollution in the Mongolian capital in a session behind closed doors.

In the last few years, smog and coal dust have increasingly blotted out the sky in Ulaanbaatar. This year has been particularly bad, as the man made pollution has combined with the coldest temperatures for a decade. The city's ubiquitous ‘ger districts' and the exhaust fumes from the growing number of motor vehicles on city’s roads are viewed as the chief culprits, as they also are in Beijing and New Delhi.

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Mars to buy pet health care provider VCA for $7.7 billion www.reuters.com

Candy and pet food maker Mars Inc said it would buy VCA Inc (WOOF.O), which runs hospitals for animals, for $7.7 billion.

Mars, the maker of Whiskas and Pedigree pet products, will pay $93 per share, a premium of 31.4 percent to VCA's Friday closing price.

The enterprise value of the deal is $9.1 billion including $1.4 billion in debt, the companies said in a statement on Monday.

VCA will operate as a separate business unit within Mars Petcare, the biggest pet food maker in the world.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)

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