1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20    

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

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Honda, Hitachi Automotive say to form EV motor joint venture www.reuters.com

Honda Motor Co Ltd (7267.T) and Hitachi Ltd's (6501.T) automotive unit said on Tuesday they would form a joint venture to develop, produce and sell motors for electric cars.

The venture will have sales and manufacturing functions in the United States and China in addition to Japan, the companies said in a press release.

The joint venture, to be established in July, will be owned 51 percent by Hitachi Automotive Systems and 49 percent by Honda, they said.

(Reporting by Naomi Tajitsu and Taiga Uranaka)

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Honda, Hitachi teaming up on electric car motors www.asia.nikkei.com

 
TOKYO -- Honda Motor and Hitachi Automotive Systems are joining hands to establish a company to develop and produce motors for electric cars.
Motors and cells are key components in an electric vehicle in regard to performance and attractiveness. For Honda, the partnership helps its efforts to catch up with its rivals in electric vehicles.
Honda plans to release electric sedans in the U.S. by the end of the year. The partnership aims to achieve an economy of scale by selling motors to other automakers as well.
In 2013, Honda partnered with General Motors of the U.S. to jointly develop core systems for fuel-cell-powered electric vehicles. The two carmakers have also agreed to start a joint venture that would take care of production.
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Elon Musk joins court fight against Trump travel ban www.cnn.com

Elon Musk has signed on to fight President Trump's travel ban.
Tesla, SpaceX and 29 other companies joined dozens of other tech companies Monday in the legal fight, declaring that Trump's executive order on immigration "violates the immigration laws and the Constitution."
That brings the total number of companies who've cosigned the friend of the court brief to 127.
Musk's companies, Tesla and SpaceX, were not among the original list of nearly 100 companies that were part of a court motion on Sunday evening.
Other companies that joined the brief Monday include mattress startup Casper, office services platform Managed by Q, and the messaging startup Slack.
The motion was filed with the Ninth Circuit Court of Appeals, which on Sunday morning denied the U.S. government's emergency request to resume Trump's travel ban. The appeals court has asked for both sides to file legal briefs before it makes a final decision.

Musk, who is the CEO of both Tesla and SpaceX, was one of about a dozen top tech execs who had met with Trump in December. Executives from Palantir, Cisco, Oracle, and IBM also attended the meeting. They have not joined the friend of the court brief.
The big four telecom companies, AT&T, (T, Tech30) Verizon (VZ, Tech30), T-Mobile (TMUS) and Sprint (S), have not joined the brief.
Elon Musk is also a member Trump's Economic Advisory Council. The group met last Friday and Musk later tweeted that, at his request, the travel ban was "first and foremost" on the agenda.
donald trump elon musk
President Trump and Elon Musk
Musk publicly criticized the travel ban in one tweet as "not the best way to address the country's challenges."
SpaceX, as well as Oracle and Palantir, all have lucrative government contracts.

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Oil price increase announced as illegal www.gogo.mn

Mongolian Trade Union made press session today, describing fuel price growth by Petrovis and Shunkhlai LLC as illegal. 
Petrovis and Shunkhlai LLC have added fuel price by 50-100 MNT last weekend. 
"Fuel price shall be increased based on the decision and discussion that made by relevant authorities. However, Petrovis snd Shunkhlai LLC have not proposed discussion even, they have not warned the people, resulting violation of competition law", said Head of Mongolian Trade Union Kh.Amgalanbaatar. 
In regards, the union stated to submit proposal and requirement to the Government and the Prime Minister. 
Under the competition law, If a company increase fuel price arbitrary, the company must pay customer for damages. 
As of today, about 70 percent of imported fuel of Mongolia is supplied at wholesale price to few big companies.

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Channeling Steve Jobs, Apple seeks design perfection at new "spaceship" campus www.reuters.com

 
Inside the original Macintosh computer, Apple co-founder Steve Jobs inscribed the signatures of his team, revealing his deep concern for even the hidden features of his products.
 
His last work – Apple Inc's (AAPL.O) sprawling new headquarters in Cupertino, Calif. - will be a fitting tribute: a futuristic campus built with astonishing attention to detail. From the arrangement of electrical wiring to the finish of a hidden pipe, no aspect of the 2.8 million-square-foot main building has been too small to attract scrutiny.
 
But constructing a building as flawless as a hand-held device is no easy feat, according interviews with nearly two dozen current and former workers on the project, most of whom would not be named because they signed non-disclosure agreements.
 
Since Apple unveiled its plans in 2011, the move-in date has slowly receded: Jobs' initial projection was 2015, but this spring now seems most likely, according to people involved in the project. A lengthy approval process with the city contributed to the delay.
 
Apple has not revealed the total price tag, but former project managers estimate it at about $5 billion - a figure CEO Tim Cook did not dispute in a 2015 TV interview. More than $1 billion was allocated for the interior of the main building alone, according to a former construction manager.
 
For all the time and money sunk into the project, some in the architecture community question whether Apple has focused on the right ends. The campus is something of an exception to the trend of radically open offices aimed at fostering collaboration, said Louise Mozingo, a professor and chair of the Department of Landscape Architecture and Environmental Planning at U.C. Berkeley. Its central office building – a massive ring of glass frequently likened to a spaceship – could be a challenge just to navigate, she noted.
 
"It's not about maximizing the productivity of the office space, it's about creating a symbolic center for this global company," she said. “They are creating an icon.”
 
An Apple spokeswoman declined to comment for this story.
 
WORLD'S LARGEST PIECE OF CURVED GLASS
 
Tech companies have long favored generic office parks, which allow them to lease and shed space through booms and busts. Jobs’ unveiling of what's formally known as Apple Campus 2, months before his death, marked a new chapter in Silicon Valley architecture.
 
When completed, the campus will house up to 14,200 employees, according to the 2013 project description. The main building – which boasts the world's largest piece of curved glass – will be surrounded by a lush canopy of thousands of trees. Little remains from the cement-laden campus Apple acquired from Hewlett-Packard, though the iPhone maker preserved a century-old barn that remained intact as the land passed from tech giant to tech giant.
 
But what was most striking to those who worked on the project was Apple managers' insistence on treating the construction of the vast complex the same way they approach the design of pocket-sized electronics.
 
Apple's in-house construction team enforced many rules: No vents or pipes could be reflected in the glass. Guidelines for the special wood used frequently throughout the building ran to some 30 pages.
 
Tolerances, the distance materials may deviate from desired measurements, were a particular focus. On many projects, the standard is 1/8 of an inch at best; Apple often demanded far less, even for hidden surfaces.
 
The company's keen design sense enhanced the project, but its expectations sometimes clashed with construction realities, a former architect said.
 
"With phones, you can build to very, very minute tolerances," he said. "You would never design to that level of tolerance on a building. Your doors would jam."
 
The project, which generated about 13,000 full-time construction jobs, took a toll on contractors. The original general contractors, Skanska USA and DPR Construction, left after work began, which construction experts called a rare development for a project of such scale. The reasons for the departures are unclear, and neither Apple nor the firms would comment.
 
FAITHFUL TO DESIGN PRINCIPLES
 
Apple's novel approach to the building took many forms. Architect German de la Torre, who worked on the project, found many of the proportions - such as the curve of a rounded corner - came from Apple's products. The elevator buttons struck some workers as resembling the iPhone's home button; one former manager even likened the toilet's sleek design to the device.
 
But de la Torre ultimately saw that Apple executives were not trying to evoke the iPhone per se, but rather following something akin to the Platonic ideal of form and dimension.
 
"They have arrived at design principles somehow through many years of experimentation, and they are faithful to those principles," de la Torre said.
 
Fanatical attention to detail is a key tenet. Early in construction, Apple managers told the construction team that the ceiling - composed of large panels of polished concrete - should be immaculate inside and out, just as the inside of the iPhone’s audio jack is a finished product, a former construction manager recalled.
 
Thus, each of the thousands of ceiling panels had to win approval from both Apple's in-house team and the general contractor, once at the shop and then again at the construction site.
 
"The things you can’t see, they all mattered to Apple,” the former construction manager said.
 
One of the most vexing features was the doorways, which Apple wanted to be perfectly flat, with no threshold. The construction team pushed back, but Apple held firm.
 
The rationale? If engineers had to adjust their gait while entering the building, they risked distraction from their work, according to a former construction manager.
 
“We spent months trying not to do that because that’s time, money and stuff that’s never been done before,” the former construction manager said.
 
Time and time again, Apple managers spent months perfecting minute features, creating a domino effect that set back other parts of the project, former construction managers say.
 
Signage required a delicate balancing act: Apple wanted all signs to reflect its sleek, minimalist aesthetic, but the fire department needed to ensure the building could be swiftly navigated in an emergency.
 
Dirk Mattern, a retired deputy fire chief who is representing the Santa Clara County Fire Department on the project, estimated he attended 15 meetings that touched on the topic.
 
"I’ve never spent so much time on signage," he said.
 
LIKE A PAINTING
 
When Apple tapped general contractors Holder Construction and Rudolph & Sletten to finish the main building in 2015, one of the first orders of business was finalizing a door handle for conference rooms and offices.
 
After months of back and forth, construction workers presented their work to a manager from Apple’s in-house team, who turned the sample over and over in his hands. Finally, he said he felt a faint bump.
 
The construction team double-checked the measurements, unable to find any imperfections – down to the nanometer. Still, Apple insisted on another version.
 
The construction manager who was so intimately involved in the door handle did not see its completion. Down to his last day, Apple was still fiddling with the design - after a year and a half of debate.
 
When construction wraps, the only fingerprints on the site will be Jobs'. Workers often had to wear gloves to avoid marring the delicate materials, said Brett Davis, regional director of the District Council 16 union for painters and related crafts.
 
"It's like a painting that you don't want to touch," he said. "It's definitely going to be something to see, if they let you in."
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US tech firms file brief against travel ban www.nhk.or.jp

Nearly 100 US technology firms have filed a legal brief against President Donald Trump's temporary travel ban. They say it "violates the immigration laws and the Constitution."

The companies include tech giants such as Apple, Google, and Facebook. They filed the brief on Sunday with a federal appeals court in California.

These firms are protesting the executive order that temporarily prevents entry of people from 7 mostly Muslim nations into the United States.

The brief says the travel ban "inflicts significant harm on American business, innovation, and growth."

It adds that the order "disrupts ongoing business operations" and "threatens companies' ability to attract talent, business, and investment to the United States."

Immigrants from Asia and other parts of the world have long supported the IT industry in places like Silicon Valley in California and the Seattle area in Washington.

Until now, CEOs of individual firms have spoken out against the executive order, including Apple's Tim Cook and Google's Sundar Pichai. The legal brief shows the concerns spread across the whole industry.

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Construction of Baganuur power plant commences www.news.mn

 In 2015, Ch.Saikhanbileg, former Prime Minister of Mongolia signed a memorandum of understanding with China to build a new power plant in the Baganuur district. Construction of the new power plant has now begun with the aid of the Government of China. As a part of the cooperation programme, Mongolia must be responsible for increasing the capacity of the Baganuur mine and modernising its equipment.

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Global uncertainties push gold, producers to fresh highs www.mining.com

Gold prices built on last week’s gains and hit another 2.5-month high in early US trading Monday, boosting producers’ shares for the seventh consecutive day — the longest winning streak since August 2014.

Higher gold prices boosted producers’ shares for the seventh consecutive day — the longest winning streak since August 2014.
April Comex gold was last up $9.70 an ounce at $1,230.50, as investors — led by hedge funds —continue to flock to the yellow metal looking for safe-haven assets. Last week, gold prices rose more than 2% to score their biggest weekly percentage advance since June, according to data from Dow Jones.

The price jump has benefitted producers of the precious metal, with the NYSE Arca gold miners index, which includes nearly 50 names such as Barrick Gold (NYSE:ABX) and Newmont Mining (NYSE:NEM), up 1.6% on Monday. In the last seven day, the index has gained more than 8.5%.

Gold bears are betting that a US President Donald Trump administration will lead to strong US economic expansion, higher interest rates and a stronger dollar. Higher interest rates (after adjusting for inflation) 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.

Global uncertainties push gold, producers to fresh highs
But that narrative has begun to unwind as Trump's swift action on US trade deals began to hurt the dollar and worries about the broader geo-political impact of a Trump administration, a hard Brexit and key elections in Europe mount.

His first week in office has already shaken the markets with news of the US withdrawal from the Trans-Pacific Partnership, Trump’s renewed promise to build a wall on the Mexican border as soon as possible, and his attempts to ban more than 218 million people from seven Muslim-majority countries from entering the US, which was blocked Friday by a federal judge.

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China's Yancoal acquires Australian coal assets of Rio Tinto www.chinadaily.com

JINAN - China's Yancoal Australia will take over Rio Tinto's coal assets in Australia in a deal worth $2.35 billion.

Under the deal, Coal & Allied Industries Ltd, which operates two mines in Australia, will be sold to Yancoal Australia, which is majority controlled by Yanzhou Coal Mining, one of China's largest mining groups by market capitalization.

The deal is expected to be completed before October, according to Yanzhou Coal Chairman Li Xiyong.

After completion, Yancoal Australia will be Australia's largest pure-play coal producer.

The two coal mines have an annual output of 35 million metric tons, which is mainly exported to Japan and South Korea.

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Samsung Electronics leaves major business lobby www.nhk.or.jp

Samsung Electronics has left a major South Korean business lobby group that was criticized as a hotbed of cozy relationship between political and business worlds.

The flagship company of Samsung Group filed its intention to withdraw with the Federation of Korean Industries, or FKI, on Monday. The lobby consists of about 600 companies.

The federation came under fire over allegations that its senior officials lobbied Samsung to pay money to 2 foundations linked to President Park Geun-hye's close friend Choi Soon-sil.

After Samsung's announcement, FKI officials said they have nothing to say about any decision by a member company.

Firms of the conglomerate LG Group have already withdrawn from the federation.

South Korean media say Samsung Group alone accounted for one-fourth of the total membership fees.

Observers say the chance that the federation will survive is slim, as other affiliates of Samsung Group are expected to follow suit.

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