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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Copper price: Don’t expect any 2017 fireworks www.mining.com

In early trade on Tuesday copper for delivery in December held onto six-month highs with copper futures exchanging hands for $2.3085 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.

Copper has risen during 11 of the last 12 trading sessions, adding nearly 11% in two weeks. While other industrial metals and steelmaking raw materials have jumped in value this year, the bellwether metal has advanced a more modest 8% this year.

The copper price hit six year lows in January following a 26% decline in 2015, the fourth year in a row of price erosion.

While the price of copper appears to have found a floor above $2.00 a pound a new note by BMI Research, a Fitch company, says that any gains going into 2017 would be modest.

Copper will remain an underperformer among base metals, as the market remains comparatively well-supplied and warehouse and exchange stocks despite recent declines remain relatively high, according to the report.

BMI expects copper prices to break out of an increasingly narrow trading range by 2017, supported by additional Chinese fiscal stimulus in the form of public construction sector support and the acceleration of public-private partnership infrastructure projects.

An investment boom in new capacity this decade has seen several large projects come on stream this year, but BMI forecasts global refined copper market balance to tighten substantially in 2017, to a surplus of 107,000 compared to an estimated surplus of 294,000 this year.

BMI forecasts copper prices to average only slightly higher next year at $4,900 per tonne in 2017, compared to $4,730 so far this year.

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Myanmar minister calls for Japanese investment www3.nhk.or.jp

Myanmar's Minister for Planning and Finance has called on Japanese firms to invest more in his country.

Kyaw Win was speaking at an economic forum sponsored by the Japan External Trade Organization and others in Tokyo on Tuesday. About 350 attendees included those from Japanese trading houses and financial institutions, as well as Myanmar companies.

The event came after the US government completely lifted its economic sanctions against Myanmar last month.

The finance minister said business opportunities exist in Myanmar in variety of fields, including infrastructure and finance. He added that all companies and investors have a fair opportunity there.

He encouraged vigorous participation by Japanese investors, saying that Myanmar's business environment has greatly improved with the introduction of a new law that eases restrictions on foreign firms.

Before the lifting of the US sanctions, Japanese companies were reluctant to do business with Myanmar firms and individuals whose transactions with the United States were banned.

But it is now hoped that trade and investment between Japan and Myanmar will become active.

An official from a Myanmar company that was dropped from the US sanctions list expressed hope for business with Japanese firms that have technologies and experience in infrastructure-related fields.

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Suzuki, Toshiba to team up to launch HV in India www3.nhk.or.jp

NHK has learned that Japanese automaker Suzuki plans to team up with the country's electronics giant Toshiba to expand the sale of hybrid cars in India.

Sources say the 2 companies are in the final stage of talks to launch a joint venture in India to produce lithium-ion batteries for hybrid vehicles.

Suzuki is the first Japanese automaker to start business in India, which has become its main overseas market.

Its local unit, Maruti Suzuki, is the market leader, with a share of over 40 percent in terms of sales units.

The plan to bolster hybrid car sales is in response to tighter regulations to address worsening air pollution in major cities.

A court has ordered a ban on diesel cars that are more than 10 years old in the capital, New Delhi.

Analysts say Suzuki aims to keep its leading position by promoting fuel-efficient and environmentally friendly hybrid models.

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Oil to hit over $150 within 25 years – OPEC www.rt.com

The average price for crude will reach $155 per barrel in nominal terms by 2040, which is the equivalent of $92 in real prices in 2015, according to OPEC’s annual World Oil Outlook report released on Tuesday.

The producer group assumes that the price for the OPEC Reference Basket (ORB), the blend benchmark used by the cartel’s members, will be around $40 this year. The price recovery will continue with $5 increments every year, reaching over $60 a barrel up to 2021.

The global demand for crude in the medium-term is expected to increase up to 99.2 million barrels a day (mbpd) by 2021. According to long-term projections, demand will rise by 16.4 percent in 2015-2040 to reach 109.4 mbpd.

“Global oil demand growth comes mainly from the road transportation sector, petrochemicals and aviation,” the report says.

Total global primary energy demand is expected to advance by 40 percent in 25 years – reaching more than 382 barrels of oil equivalent (boe) – with developing countries to provide a major part of the boost.

OPEC experts say the crude market has continued to readjust to the changing industry landscape since January, when prices fell to $27 per barrel. Since then, they have rebounded to the current $45-$50.

“During 2016, the market has shown signs that fundamentals are gradually rebalancing. However, despite non-OPEC supply contracting considerably, global demand remaining robust and the pace of the stock build decelerating, it is clear that instability and volatility remain,” the group’s report says.

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Global stock markets rise ahead of election results www.bbc.com

 
Stock markets around the world have risen slightly and the Mexican peso has surged suggesting traders are betting on a Clinton victory.
Asian stocks are trading higher while earlier European and US markets closed slightly up but the gains were small, indicating traders remain cautious.
One of the most notable movements was in the Mexican peso which surged to a two-month high against the US dollar.
However, the currency was volatile in early Asian trade.
The Mexican currency's movements are seen by many in the market as a good indicator of the election's likely outcome, with an upward movement suggesting Hillary Clinton is ahead.
Mexico is expected to suffer should Mr Trump be elected because of his pledges to build a wall along the US border with the country and renegotiate their trade agreement.
Asian markets will be the only ones trading as the polls come in. In early trade, Japan's Nikkei 225 was 0.8% higher while Australia's ASX 200 and South Korea's Kospi were both 0.3% up.
In Europe, London's FTSE 100 and stock markets in Paris and Frankfurt all made small gains of between 0.2% and 0.5%, while in the US the three main stock indexes jumped between 0.4% to 0.5%.
Volatility ahead
Analysts said the number of shares being traded was lower than normal, indicating investors are still uncertain about the result.
"2016 has been a year full of surprises. Don't forget the markets priced in a Remain win in the Brexit referendum and got it wrong," said Nigel Green, chief executive of deVere Group.
He warned a victory for Mr Trump could deliver a "double whammy negative impact" on global markets because they are expecting Mrs Clinton to win.
"Should she win, global financial markets will react favourably as she is seen to represent the status quo, whereas Trump is much more of an unknown and therefore will create uncertainty and the markets will react accordingly," he said.
Major banks have told clients to expect sharp movements in currency markets, and are reported to have put extra staff on duty throughout the night.
The cost of protecting against sharp movements in currencies such as the Mexican peso and the US dollar rose suggesting investors were expecting volatility as the results come in.
"It doesn't take much in order to move the prices," said Peter Jankovskis, co-chief investment officer at OakBrook Investments.
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Nissan's net profit skids down 13.3 pct on year in H1, brisk sales in China, N. America cap losses www.xinhuanet.com.cn

TOKYO, Nov. 7 (Xinhua) -- Nissan Motor Co. announced Monday that its group net profit in the first half of fiscal 2016 dropped 13.3 percent from a year earlier, owing to the strength of the Japanese currency eroding profits made overseas, although robust sales in its Chinese and North American markets helped to limit the firm's overall losses.
 
According to the Yokohama-based manufacturer, the firm's group net profit in the fiscal first half came in at 282.43 billion yen (2.70 billion U.S. dollars), with its consolidated operating profit dropping 14 percent in the April to September period to 339.73 billion yen, based on sales of 5.32 trillion yen, which is a decrease of 10.3 percent for the period.
 
Nissan, the maker of the March subcompact and Leaf electric vehicle, however, maintained its earnings forecasts for the full business year through March 31, stating that it expects an uptick in its group net profit by 0.2 percent from a year earlier to 525 billion yen.
 
"We have a strong product lineup in the second half to help us reach this target," Hiroto Saikawa, Nissan's co-chief executive, was quoted as saying, adding that the yen could be blamed for creating headwinds for the firm.
 
Nissan, however, said it now projects its operating profit to decelerate 10.5 percent to 710 billion yen, based on sales of 11.8 trillion yen, which is a 3.2 percent decrease from earlier estimates.
 
Weak domestic demand and the yen's comparative strength have both impacted Nissan's profit margins and future guidance, with its capital share tie-up with Mitsubishi Motors Corp. in October, which itself has been embroiled in a fuel economy data test scandal, contributing to the firm's circumspect outlook.
 
The halt in sales of Mitsubishi Motors' models affected by the fuel efficiency data manipulation scandal was largely responsible for domestic sales skidding down by 20 percent in the first half of the year, Nissan said.
 
But the carmaker added that it had shifted 2.61 million vehicles globally from April to September, down just 0.1 percent from a year earlier, owing to brisk sales in China and North America.
 
 
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Facebook takes on LinkedIn with new job opening features www.reuters.com

Facebook Inc (FB.O) said on Monday, it was testing a feature that would let page administrators create job postings and receive applications from candidates, a move that could pressure LinkedIn Corp's (LNKD.N) recruiting business. "Based on behavior we've seen on Facebook, where many small businesses post about their job openings on their Page, we're running a test for Page admins to create job postings and receive applications from candidates," a company spokesman told Reuters.
 
LinkedIn makes most of its revenue from job hunters and recruiters who pay a monthly fee to post resumes and connect with people on what's often known as the social network for business.
 
Technology news website TechCrunch first reported the news on Monday. (tcrn.ch/2fwHLSB)
 
With Facebook's jobs features, companies could drive more traffic to their Facebook pages while allowing them to pay the social network to get their job openings in front of more candidates, TechCrunch said.
 
In October, Facebook launched Marketplace to allow people to buy and sell items locally as the social media network tries new ways to keep its users engaged.
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Chinese Mainland and Taiwan to team up in 5G technology research www.chinadaily.com.cn

The Chinese Mainland and Taiwan plan to work together to promote research and industrial cooperation on the fifth generation (5G) mobile network technology, experts and company executives said on Monday.
Their comments came after the Chinese mainland finished the first phase of 5G research and testing in September that focused on 5G wireless and key technologies. Domestic and overseas enterprises such as Huawei Technologies Co Ltd, Ericsson AB and Samsung Electronics Co Ltd have all played an active part in the process.
 
Yang Zemin, vice president and secretary general at China Communications Standards Association, said that he has an optimistic view of the opportunity for Taiwan-based firms to participate in the mainland's second phase of experimental work on 5G.
 
"Both the mainland and Taiwan have open minds for deep cooperation in [the] future, and the two sides can work together to help formulate global 5G standard," Yang said at a cross-straits CEO summit in Xiamen, Fujian province.
 
Cliff Lai, general manager at Taiwan Star Telecom Corp, a mobile network operator in Taiwan, said that currently most operators in Taiwan have launched the VoLTE service. However, due to the low data pricing, Taiwan-based firms lack a strong driving force for enhancing its development.
 
VoLTE stands for voice calls provisioned over a 4G LTE data network, rather than the 2G or 3G networks that are commonly used. It is a 4G technology that allows users to have better quality phone calls and high-definition video calls.
 
"I really look forward to working with the Chinese mainland. By working together, we can seek a better business model to profit from the VoLTE service."
 
In his point of view, the two sides will probably also work within the semiconductor business, especially the chips.
 
According to data from the US International Trade Administration, the Chinese mainland is the largest consumer market of semiconductors, accounting for more than half of global consumption in 2015. And Taiwan's semiconductor business is the world's second-largest in terms of output.
 
"Through the cooperation, Taiwan can fully access the mainland's market and compete with foreign chipmakers, such as the US-based Qualcomm Inc. For the mainland, it can have bigger development opportunities," Lai added.
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Baidu 'to raise up to $500m' for Waimai www.chinadaily.com.cn

Baidu Inc is seeking to raise as much as $500 million for its Waimai food delivery unit amid a costly battle with other Chinese internet giants for customers, according to people familiar with the matter.
 
The company is looking for at least $300 million and the funding round hasn't been finalized, the people said, asking not to be identified as the details are private.
 
Using scooters to supply everything from Starbucks coffee to sliced sashimi, Waimai is in a pitched battle with rivals to sign up delivery men and to convince restaurants to join its service. Baidu is up against Ele.me, which scored a $1.25 billion investment from Alibaba Group Holding Ltd, and the Meituan-Dianping business backed by Tencent Holdings Ltd.
 
Baidu declined to comment on any funding plans. The company has previously strongly denied Chinese media reports that it was considering a sale or merger of Waimai and its Nuomi group buying unit.
 
Baidu shares fell about 0.5 percent on Friday in US trading to $167.70. The stock has dropped 11 percent this year after a 17 percent slump in 2015.
 
Heavy investment in the online-to-offline, or O2O market, has driven up costs as companies pay subsidies to build out their services and win market share. The battle has already claimed victims, with Berlin-based Delivery Hero abandoning the Chinese market earlier this year.
 
The battle for customers has become increasingly hostile. In August, Baidu sued Tencent and Sohu.com Inc over a spate of articles it said defamed Waimai by purporting to expose poor hygiene at restaurants on its service.
 
Baidu has invested heavily in sectors outside its dominant desktop search business as it tries to find new growth as users switch to mobile devices.
 
 
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Govt. to promote business using personal data www3.nhk.or.jp

The Japanese government plans to create an "information bank" to tap the huge archive of personal data on the Internet in a bid to promote new business. This comes amid the rapid growth of IoT, or Internet of Things, technology.
 
According to a proposal compiled by an industry ministry task force, the bank will serve as a data broker for people who agree to share personal information.
 
The ministry group plans to design a data distribution mechanism and the legal framework.
 
They say the proposed bank would allow companies to develop new services. For instance, an automaker could share GPS data on vehicle movement with an insurance firm.
 
The insurer could then use that information to provide policies tailored to the specific needs of individual motorists.
 
Some of the information could be quite personal in nature, including data on assets and health.
 
The task force members say they will consider working with private-sector firms to design a secure way of handling such information.
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