1 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      2 RUSSIA AND MONGOLIAN BORDER CROSSING NO. 487 WWW.NEWS.MN PUBLISHED:2018/09/20      3 WORLD ECONOMICS REPORTS THAT MONGOLIA’S EMPLOYMENT RATE HITS A FIVE-YEAR HIGH WWW.GOGO.MN PUBLISHED:2018/09/20      4 USD HITS RECORD HIGH IN MONGOLIA DUE TO HIGHER IMPORTS WWW.CHINA.ORG.CN PUBLISHED:2018/09/20      5 READOUT OF VICE PRESIDENT MIKE PENCE’S MEETING WITH PRIME MINISTER UKHNAA KHURELSUKH OF MONGOLIA WWW.WHITEHOUSE.GOV PUBLISHED:2018/09/20      6 MONGOLIA LAUNCHES EU-FUNDED PROJECTS TO PROMOTE GREEN DEVELOPMENT, ENVIRONMENTAL PROTECTION WWW.XINHUANET.COM PUBLISHED:2018/09/20      7 COAL EXPORTS FROM TOP SHIPPER HOBBLED WITH MINERS FACING CONSTRAINTS WWW.MINING.COM PUBLISHED:2018/09/20      8 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      9 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      10 YUSAKU MAEZAWA: THE JAPANESE BILLIONAIRE WHO WANTS TO FLY TO THE MOON WWW.BBC.COM PUBLISHED:2018/09/19      ШЕНГЕНИЙ БОГИНО ХУГАЦААНЫ ВИЗИЙН МЭДҮҮЛГИЙГ УЛААНБААТАР ХОТОД АВНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/19     2018 ЭХНИЙ 7 САРД МОНГОЛЧУУД ГАДААД РУУ ЭМЧИЛГЭЭНД ЯВАХДАА 19.5 САЯ АМ.ДОЛЛАР ЗАРЦУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ӨНӨӨДӨР ТӨВ ТАЛБАЙД 4000 АЖЛЫН БАЙРАНД БҮРТГЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/19     ЗАЛУУЧУУДЫН ГАРААНЫ БИЗНЕСИЙН ШАЛГАРСАН ТӨСӨЛД 10,0 САЯ ТӨГРӨГИЙН ДЭМЖЛЭГ ҮЗҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/19     WORLD ECONOMICS: МОНГОЛЫН АЖИЛ ЭРХЛЭЛТИЙН ТҮВШИН СҮҮЛИЙН 5 ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ERD: "ХӨНДИЙ" АЛТНЫ ТӨСЛИЙН ТОГТООГДСОН НӨӨЦ 751 МЯНГАН УНЦ АЛТ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ХЯТАДЫН $200 ТЭРБУМЫН ИМПОРТОД ТАРИФ ТОГТООВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/19     ШИВЭЭХҮРЭН БООМТООР ХОНОГТ 60-80 МЯНГАН ТОНН НҮҮРС ЭКСПОРТОЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/19     БНХАУ-ЫН 200 ТЭРБУМ АМ.ДОЛЛАРЫН ИМПОРТОД 10 ХУВИЙН ТАРИФ НОГДУУЛАХ ШИЙДВЭР ИРЭХ 7 ХОНОГООС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/18     ӨВӨЛ ЦАХИЛГААН СААТВАЛ ХОТ ДӨРВӨН ЦАГИЙН ДОТОР Л ХӨЛДӨНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/18    

Events

Name organizer Where
Frontier's "Invest Mongolia Tokyo 2018" Frontier Securities Tokyo Japan
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

64x64

Eurozone inflation at highest in four years www.rt.com

 
Inflation in the eurozone has jumped by more than expected to 1.8 percent in January from 1.1 percent in the previous month, the statistics authority Eurostat said. The inflation pickup came on the back of a sharp rise in energy prices.
According to the data, the annual increase in consumer prices in January was the fastest since early 2013. The figure was almost in line with the European Central Bank’s target which wants to keep inflation just below two percent.
Core inflation which excludes energy and food costs remained at 0.9 percent in January.
Some policy makers have already put into question the European Central Bank’s (ECB) appropriate degree of monetary stimulus for the 19-nation currency bloc, calling for the bank to scale back its bond-buying program.
“The renown ‘powerhouse’ of the eurozone is now putting significant pressure on the ECB President [Mario Draghi] as Euroskeptics are quickly pointing out that stimulus measures are falling far short of creating a balanced and improved bloc state..,” the head of Dealing at Foenix Partners, Alex Lydall told the Guardian.
“Draghi is erring on the cautious side, but this type of data makes it harder for him to defend his position,” Holger Sandte, chief European analyst at Nordea Markets in Copenhagen was cited as saying by Bloomberg. “New projections could force him into changing his tone.”
Eurostat statistics show eurozone economic growth accelerated at the end of 2016, up by 1.8 percent in the fourth quarter from a year earlier. The euro area outperformed the US economy last year, growing by 1.8 percent in comparison with the United States’ 1.6 percent growth.
The eurozone's unemployment rate fell to 9.6 percent in December, which is the lowest rate since May 2009. There are still more than 20 million people out of work in the EU, including 15.571 million in the euro area.
Germany’s job market has remained as strong as ever with the jobless rate down to 5.9 percent. Greece suffered the worst jobless rate (at 23 percent in October 2016) followed by Spain (18.4 percent).
...


64x64

Nickel price picked as 2017 winner www.mining.com

Nickel fell to a 13-year low of $7,725 a tonne ($3.50 a pound ) in February last year; then rallied to more than $11,700 by mid-November only to fall back nearly 20% to trade at a six-month low on Friday.

Nickel, mainly used as an anti-corrosive in steel alloys, rallied in 2016 on the back of a clampdown on mines in the Philippines which took over as the main supplier to China following an ore export ban in Indonesia in place since 2014.

Nickel price picked as 2017 winnerNickel price picked as 2017 winnerThe market was rocked earlier this month when Indonesia abruptly announced a partial lifting of the ban allowing exports of up to 5.2 million tonnes of nickel ore this year.

In a new report Capital Economics, a London-based independent research house, believes of all industrial metals, the nickel price has the best prospects to improve adding that "the market is tightening [following years of underinvestment in new mines] and it is still too soon to say what the partial lifting of Indonesia’s ban on ore exports will mean for supply."

In addition supply from the Philippines may remain constrained. Final results of an audit of the mining sector in the Asian nation ordered by President Duterte is expected this week.

Some 11 mines have already been shut down for failing to comply to stricter environmental rules and a further 20 are under threat. Capital Economics says ultimately 50% of the country's mining capacity could be closed:

However, there are other sources of supply, notably from New Caledonia, that are chomping at the bit to take market share. In late December, the New Caledonia government approved requests from nickel miners to export over 2 million additional tonnes of ore to China. (The government restricts ore exports in a bid to encourage domestic processing.)
Nickel price picked as 2017 winner
On the demand side Capital Economics estimated growth in 2016 at a robust 6.2%, but the firm warns that China’s stainless steel production have have ran ahead of demand last year. Demand for nickel could get a bump from fiscal stimulus in the US, but given the relatively small global share of US nickel consumption, the impact may be limited.

Notwithstanding the likelihood of slower growth in demand, Capital Economics continues to expect that the market will record another deficit in 2017 putting a floor under prices in 2017.

Capital Economics sees the price of nickel climbing to $11,500 per tonne by the end of the year (that's a 20% jump from today's price), with further upside predicted in 2018. That makes nickel the metal Capital Economics is by far the most bullish about.

...


64x64

McDonald's to open at least 50 new restaurants in Russia in 2017 www.reuters.com

McDonald's (MCD.N) plans to open more than 50 restaurants in Russia this year and hopes to sign more franchising deals to expand in existing and new regions, the local unit's chief executive said on Tuesday.

The fast-food chain opened 73 restaurants in Russia last year, exceeding its forecast. Of the newly-opened restaurants, 65 are company-owned, Khamzat Khasbulatov, head of McDonald's Russia, told a news conference.

Khasbulatov said the target for new outlets in 2017 did not signify the company was slowing the pace of its expansion.

"(The situation) has not got better or worse, 50 is not a small number, we are just giving more freedom to our partners and time to gather pace," said Khasbulatov.

McDonalds currently has three franchisees in Russia, two of which have been opening its outlets in the Urals and Siberia. Franchisees operate 92 restaurants out of its total of 609.

"The (franchising) program will develop, we are looking for new partners," Khasbulatov said.

He added the company aimed to bring the share of local suppliers to almost 100 percent by the end of 2018 from the current 85 percent and was encouraging suppliers to develop production in Russia - a move likely to shield it from currency swings and any import restrictions.

In 2014 Russia banned many food imports in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. The food embargo, which is still in place, has driven up prices and gave a boost to the Russian agriculture industry.

(Reporting by Maria Kiselyova and Olga Sichkar; Editing by Christian Lowe)

...


64x64

Russian Social Network Vkontakte Sues Data Mining Companies www.themoscowtimes.com

Russian social network Vkontakte is suing two data-mining companies who used its website to gather information on users without permission.

The two companies, Double Data and the National Bureau of Credit Histories, will appear in the case at Moscow’s Arbitration Court.

Double Data collects information on users’ place of work, study, and friends from their social media page in a bid to compile a credit history, according to court documents. The company mines this publicly-available data without permission from Vkontakte or the users’ themselves.

Vkontakte claims that Double Data’s work slows the speed of their site, and is demanding symbolic compensation of one ruble ($0.02).

Double Data’s General Director Maxim Ginzhuk has said that his firm will fight the case, accusing the social network of launching the law suit to eliminate the company as a competitor. The company behind Vkontakte, the Mail.ru Group, recently began to invest in big data analysis software designed to assess credit risk, the Kommersant newspaper reported Tuesday.

With more than 88 million registered users in Russia and 143 million worldwide, Vkontakte remains the most popular social network in Russia, with more than eight times the daily users of leading international social network Facebook.

It is the second popular website in Russia in terms of daily visitors, out ranked only by Russian-language search engine Yandex.

...


64x64

Brazil's former richest man Eike Batista sent to prison www.bbc.com

 
Former Brazilian oil and mining tycoon Eike Batista has been transferred to a high security prison in Rio de Janeiro after being arrested on arrival from New York.
Once Brazil's richest man, he has been accused of paying millions of dollars in bribes to secure contracts with Rio's state government.
Mr Batista has denied any wrongdoing.
He has promised to help the authorities in their efforts to tackle corruption which he says is widespread in Brazil.
Before boarding the plane and turning himself in to police, Mr Batista said he was returning to Brazil to clear his name.
"I'm at the disposal of the courts," he told O Globo newspaper in New York. "As a Brazilian, I am doing my duty."
Under Brazilian law, Mr Batista would have been sent to a special prison wing if he had a university degree.
But as he dropped out before finishing his engineering degree in Germany, he will be serving time in an ordinary cell with six other inmates at the Bangu penitentiary.
Many Brazilian jails are overcrowded and controlled by criminal gangs.
The authorities in Rio say, however, that is not the case at Bangu.
German passport
Mr Batista was met by police as he landed in Rio on Monday morning.
He was escorted off the plane and initially taken to the Ary Franco prison in Rio.
After undergoing medical exams and having his hair cut short, he was transferred to the high security prison in the outskirts of the city.
Mr Batista was declared a fugitive by Brazilian officials after police raided his estate in Rio de Janeiro last week and found he had left for New York just hours earlier.
BBC South America business correspondent Daniel Gallas says there was much speculation on whether Mr Batista would return to Brazil or use his German passport to flee to Europe.
But Mr Batista said the trip to New York was not an attempt on his part to flee justice.
He is now due to be questioned about his alleged involvement in a corruption ring involving powerful business people and influential politicians in Rio de Janeiro state.
Investigators accuse Mr Batista of paying the then-governor of the state, Sergio Cabral, $16.5m (£13.2m) in bribes to win government contracts.
Mr Cabral was arrested in November as part of a larger corruption investigation dubbed Operation Car Wash.
As a result of Operation Car Wash, more than 100 people, including Brazil's most powerful building tycoon, Marcelo Odebrecht, have been convicted of crimes such as bribery, racketeering and money-laundering.
...


64x64

11th International Mongolian Studies Conference in Washington www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The 11th International Mongolian Studies Conference was held on January 27-28 at the Embassy of Mongolia and at the Library of Congress in Washington, DC, USA.
Over 80 Mongolists from the United States, People’s Republic of China, Russian Federation, former U.S. Ambassadors to Mongolia and Mongolians reside in the United States participated in the conference, which coincided with the 30th anniversary of the establishment of diplomatic relations between Mongolia and the United States.
Moreover, with the very first live broadcasting of the conference on internet, many Mongolians and those who are interested in Mongolian studies worldwide, were able to watch the conference online.
Ambassador of Mongolia to the US, Altangerel Bulgaa stated in his remark that “Not only has the three decades long cooperation broadened in many areas, including politics, commerce, defense, education and culture, but also in mutual support on international arena, which satisfies me”. He also expressed his view that the conference has been playing an essential role in promoting Mongolian rich history, language, culture and traditions throughout the United States as well as deepening the mutual understanding and friendship between the peoples.
The first day of the conference touched on theme "Mongolia and the United States relations”. Presentations on “30 years of United States-Mongolia relations-Trends” by Dr. Alicia Campi, “The Significance of Mongolia’s Third Neighbor Foreign Policy” by Bolor Lkhaajav (University of San Francisco) and “Contributions of Buddhist Monks for the Mongolia-United States Relations” by Mr.Luvsanjamts Davaanyam (Gandantegchilen Monastery) were made at the Embassy of Mongolia.
Then, the conference continued at the Library of Congress where Ambassador Altangerel Bulgaa gave a comprehensive speech on “Mongolia and United States Relations in 30 Years”, while Professor John W.Williams from Principia College delivered the keynote speech on “The First Draft of History Has a Poor Memory: The Dilowa Khutugtu in American Journalism”.
During the second panel of the conference held on January 28, topics such as Mongolian history, archeology, Mongolian community in the United States, philology were discussed.
The Mongolian Cultural Centre, a non-profit organization established in 2007, has been promoting Mongolian language and culture in the United States and developing Mongolian studies through its activities, including the annual Mongolian Studies Conference.
 
 
...


64x64

Mongolia-one of the best ethical destinations for 2017 www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Mongolia has been selected as one of the world’s ten best ethical destinations for 2017 by Ethical Traveler, nonprofit organization a project of the Earth Island Institute. The countries on the 2017 list include Belize, Cabo Verde, Chile, Costa Rica, Dominica, Palau, Tonga, Uruguay and Vanuatu.
 
Every year, Ethical Traveler reviews policies and practices of over one hundred developing nations, focusing on three general categories: environmental protection, social welfare and human rights and selects the ten that are doing the most impressive job of promoting human rights, preserving the environment and supporting social welfare. Mongolia also won the title in 2016.
 
“For each category, we look at information of past and present to understand not only the current state of a country, but how it has changed over time. This helps us to select nations that are actively improving the state of their people, government and environment. Our goal is to encourage the behaviors we see as creating a safer and more sustainable world…. For a country to make our list, of course, it must excel in more than metrics. Each Ethical Destination also offers unspoiled natural beauty, great outdoor activities and the opportunity to interact with local people and cultures in a meaningful, mutually enriching way. By visiting these countries, we can use our economic leverage to reward good works and support best practices” reported the Ethical Traveler.
 
“Mongolia impressed us again this year with a huge investment in education projects for 457 schools, benefitting half a million students and teachers. In an effort to increase interest in the sciences, the Ministry of Education created 200 new physics labs in secondary schools across the nation”.
...


64x64

Exclusive: Peanuts, home of Snoopy and Charlie Brown, up for sale - sources www.reuters.com

 
U.S. brand management company Iconix Brand Group Inc is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to people familiar with the matter.
The move comes three months after U.S. insurance company MetLife Inc dropped the Peanuts characters it had been using as mascots for more than 30 years - a blow to debt-burdened Iconix.
The characters, which include Lucy, Peppermint Patty and Pigpen, have attracted the interest of Chinese companies as well as other investors keen to snap up U.S. media and licensing assets, the people said this week.
Created by Charles Schulz and licensed in over 100 countries, the characters generate about $30 million in 12-month earnings before interest, taxes, depreciation and amortization, the people added. They declined to comment on the expected deal valuation.
Besides Peanuts, Iconix is also looking to sell its Strawberry Shortcake brand, which is based on a character that rose to fame in the 1980s as a doll for young girls, the people said. They asked not to be identified because the matter is confidential.
The New York-based company is working with investment bank Guggenheim Partners LLC on an auction process to sell the brands, the people added, cautioning that there was no certainty that any deal would occur.
Iconix, which has a market capitalization of $553 million, did not respond to a request for comment, while Guggenheim declined to comment.
While MetLife will stop flying blimps featuring Snoopy this year, Peanuts has agreements with brands such as chocolate maker Nestle SA, stationary company Hallmark Cards Inc, and retailer Zara, according to a regulatory filing by Iconix.
In 2015, Twenty-First Century Fox Inc released The Peanuts Movie, which was nominated for a Golden Globe award and grossed $246 million worldwide, according to Box Office Mojo, a website that tracks the revenue that movies generate.
Peanuts' largest international market is Japan, where a new Snoopy museum opened last year, according to the Iconix filing. The company renewed a long-standing contract to air the popular Peanuts holiday TV specials on U.S. network ABC in 2014 for five years.
Initially called "Li'l Folks", the comic strip was renamed "Peanuts" in 1950, when it became syndicated in seven newspapers, according to the Charles M Schulz Museum website. Schulz passed away in 2000.
Iconix, which also owns clothing brand Joe Boxer and outdoor wear brand London Fog, purchased an 80 percent stake in Peanuts in 2010 from U.S. media company E.W. Scripps Co in a deal valued at $175 million.
The remaining 20 percent in the company is owned by Charles M. Schulz Creative Associates, which is controlled by the Schulz family.
Iconix sold another flagship brand, the Sharper Image, last year to its biggest licensee, ThreeSixty Group Inc, for $100 million. The transaction was used to pay down some of Iconix's debt, which totaled $1.29 billion as of the end of September.
Last year, Iconix said it would help develop and produce a new animated series based on Strawberry Shortcake. Iconix acquired the brand about two years ago for $105 million from greeting cards maker American Greetings Corp.
...


64x64

Wal-Mart offers free two-day shipping in latest attempt to compete with Amazon www.reuters.com

 
Wal-Mart Stores Inc (WMT.N) will offer U.S. shoppers free two-day shipping on a minimum order of $35 starting Tuesday, its latest attempt to compete with rival Amazon.com Inc's (AMZN.O) popular Prime shipping program.
 
Free shipping will replace 'Shipping Pass', Wal-Mart's existing two-day shipping program that charges shoppers an annual membership fee of $49. Amazon Prime charges customers $99 a year for two-day shipping that comes with additional features like a streaming video service.
 
Marc Lore, head of Wal-Mart's e-commerce operations, said the company's offer will be "most compelling" for shoppers looking for low prices, a wide assortment and fast shipping.
 
"In today's world of e-commerce, two-day free shipping is table stakes. It no longer makes sense to charge for it," Lore said on a conference call. He is the former head of online retailer Jet.com, which Wal-Mart bought for $3.3 billion last year.
 
The decision to scrap the membership fee is Lore's boldest move yet to challenge Amazon since he took charge of Wal-Mart's struggling online business. Earlier this month, Lore shuffled Wal-Mart's e-commerce decks.
 
The move is in line with the broader push by Wal-Mart Chief Executive Doug McMillon to narrow the gap with Amazon and give it an even more dominant position in U.S. e-commerce. The retailer has been investing in e-commerce for the past 15 years, but it still lags far behind its Seattle-based rival.
 
Wal-Mart's free shipping offer will be available on over 2 million items. It will include frequently ordered items such as household essentials, baby products, cleaning supplies and food items like cereal and peanut butter.
 
Wal-Mart said it will use its new online warehouses around the country to fulfill such orders and expects to ship many such items in just one day. In October, the retailer said it is on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016.
 
Wal-Mart will also fully refund the membership fee for existing Shipping Pass members. The company started experimenting with Shipping Pass in 2015 and was trying to boost demand for the program by offering a free 30-day trial in 2016.
 
In a separate blog post, Lore said the retailer remains committed to saving consumers money. "I've been here for four months and I couldn't be more excited about how fast we are moving. It feels like a startup."
 
He indicated there will be more changes at the world's largest retailer.
...


64x64

Dropbox Hits $1 Billion Revenue Run Rate www.forbes.com

 
Last year, Dropbox announced it had become cash flow positive. Now it has a new financial milestone.
Cofounder and CEO Drew Houston announced on Monday that Dropbox has passed $1 billion in annual revenue run rate, or revenue over a short time period extrapolated over a full year. Dropbox also claims that it is the fastest software-as-a-service (SAAS) company to reach this goal. Public competitor Box had just over $300 million in revenue its last full annual results.
Houston, a 33-year-old billionaire, also said that Dropbox currently has 500 million users around the world and 200,000 paying business customers. He called their rapid revenue growth the result of an “incredibly powerful model” that combines their original consumer internet strategy with the enterprise solutions business they’ve focused on in recent years.
Over the last couple of years, Dropbox has struggled to justify its $10 billion private valuation. Wall Street values Box, which has a run rate over $400 million, at a $2.25 billion market capitalization. At the same multiples, Dropbox’s newly announced run rate would imply a value for the company around $5-$6 billion.
...