1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20     СЗХ-НД МӨНГӨ УГААХТАЙ ТЭМЦЭХ НЭГЖИЙГ БАЙГУУЛАХААР БОЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/20     БНХАУ: ОЛОН ТАЛТ, ЧӨЛӨӨТ ХУДАЛДААГ ДЭМЖИЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/20    

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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54TH ANNUAL ACADEMY OF AMERICAN AND INTERNATIONAL LAW (Save the date) www.mongolianbusinessdatabase.com

May 21 - June 23, 2017inPlano, Texas, USA

The Center for American and International Law
5201 Democracy Drive
Plano, Texas 75024
USA

The Institute's premier annual event is the Academy of American and International Law. www.cailaw.org

Since 1964, this multi-week program has attracted over 3,000 participants from 120 countries. Through its extraordinary classroom and extracurricular schedule, the Academy offers opportunities to forge valuable international relationships that last a lifetime.

This intensive, five-week course of study is designed for lawyers from outside the United States and focuses on U.S. law and international business transactions. Participants from more than 20 countries study and socialize together, learning from an impressive faculty and from each other. They receive instruction from some of the best teachers and practitioners of international law from U.S. law schools, law firms, and corporations.

The practical curriculum includes both skills training and substantive law subjects (legal writing, negotiations, international arbitration and litigation, international business transactions, mergers and acquisitions, international taxation, and more).

Please contact Jasmine Hunt jhunt@cailaw.org directly or Ser Od Ichinkhorloo Country Coordinator of CAILAW at serod@b2bmongolia.com and 976 99066062 mobile for an additional inquiry.

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Hackers are selling Yahoo data on the dark web www.cnn.com

The most recently revealed Yahoo hack is considered the largest data breach in history, and the saga just got worse.
In 2013, more than one billion Yahoo (YHOO, Tech30) accounts were breached, and personal information like phone numbers, passwords, security questions and backup email addresses was stolen.
All of that data is for sale on the dark web, according to cybersecurity firm InfoArmor, which discovered the compromised information in August. At the time, it was sold to three parties for $300,000 each. Data is still for sale, but now that the breach is public, the price is expected to drop. (The dark web is an encrypted network only accessible through software like the privacy program Tor.)
Yahoo told CNNMoney it doesn't speculate on data that may or may not be for sale on the black market, but it is currently looking into the claims.
Andrew Komarov, chief intelligence officer at InfoArmor, said his firm told law enforcement agencies about the hack in recent months. It contained data from employees of agencies including the FBI, NSA, the White House and officials in the U.K.

The FBI said at a White House briefing on Thursday it is investigating the incident.
Yahoo, which learned about the August 2013 hack last month, said it was separate from the massive breach announced in September. Yahoo attributed that attack, which compromised 500 million accounts, to a "state-sponsored actor," but it has yet to identify the party responsible for the breach announced this week.
However, Komarov's firm has identified the hackers as Group E, cybercriminals based in Eastern Europe with a track record of hacking Dropbox, Tumblr and Russia-based social network VK.com.
InfoArmor, which has tracked Group E for three years, doesn't believe that the group perpetrated the hack for a foreign government.
"[Group E] earns money on selling stolen data mainly to spammers," Komarov said in an interview with CNNMoney.
"But in the case of Yahoo, we can prove that they sold two to spammers and one potentially to a state-sponsored party or foreign intelligence agency."
That buyer asked specifically for information about executives from financial corporations and government workers.

Even if you have changed your password or security questions since 2013, that sensitive data could help attackers phish you or your contacts. Hackers could use stolen information and pose as a friend or business to get you to click on malicious links and share even more data.
The two major breaches could put Verizon's Yahoo acquisition in jeopardy. Verizon (VZ, Tech30) has agreed to a $4.8 billion deal to acquire the company, but in a statement said it is "[reviewing] the impact of this new development before reaching any final conclusions."
Yahoo users should change passwords and security questions as soon as possible and be aware of emails asking for personal information. You might be impacted by the Yahoo hack and not know it.
It's also important to do a security check up on all devices.

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Russia & Japan to develop oil & gas – Gazprom CEO www.rt.com

Moscow and Tokyo have improved energy cooperation during Russian President Vladimir Putin’s visit to the Japanese capital, according to Gazprom Chief Executive Aleksey Miller.

"If earlier it was the Sakhalin-2 project, now it is the Baltic LNG project, gas processing at Amur, low-tonnage LNG, and tankage, as well as underground gas storage. We're witnessing the deepening and expansion of cooperation with Japanese partners," Miller told RT.

Miller said Gazprom is ready to increase deliveries to Japan, which is the third-largest energy market in the world. Gazprom is also negotiating with Japanese companies to construct the third stage of the Sakhalin-2 project which will have an annual capacity of 5.4 million tons.

The head of Russia's biggest natural gas developer stressed that Japanese companies are interested in more cooperation. Russian resources in the Sakhalin region and eastern Siberia are close to Japan and therefore the price of gas is much more competitive.

Speaking about the new agreements between Gazprom and Mitsui, Mitsubishi and the Japan Bank for International Cooperation (JBIC), Miller said it is a significant step forward in the Russian-Japanese cooperation.

On Friday, Russian and Japanese companies signed 68 documents during Putin’s visit to Tokyo. Besides Gazprom’s energy deals, they include oil agreements with Rosneft, as well as direct investment in Russian Far East renewable energy.

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Softbank CEO: Putin asked for investment www.nhk.or.jp

The head of Japanese telecom operator Softbank Group says he was asked by Russian President Vladimir Putin to invest heavily in his country.

Softbank Group Chairman and CEO Masayoshi Son chatted with President Putin during a meeting of business delegations from Japan and Russia in Tokyo on Friday. The business dialogue coincided with the summit between Prime Minister Shinzo Abe and President Putin.

Son later told reporters that he is planning to talk over the phone with Donald Trump and that Putin asked him to give his regards to the US president-elect.

Son said when he told Putin of his company's plan to invest in the United States, the president asked for massive investment in Russia as well.

Son said he is now planning to visit Russia around May of next year as President Putin wanted him to come.

He said his company would like to proceed with investment and joint projects with Russia in artificial intelligence and other new technology.

Son said he hopes the latest summit will help deepen relations between the 2 countries.

Son met Donald Trump earlier this month and promised to invest 50 billion dollars in the US.

 
 
 
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Mongolia to sign compact agreement with USA www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ On December 14, Ms. Fatema Z. Sumar, Regional Deputy Vice President for Europe, Asia, Pacific and Latin America of the Millennium Challenge Corporation (MCC) of the U.S.A. informed the Foreign Minister of Mongolia, Mr Ts. Munkh-Orgil over the phone of the MCC’s Board of Directors decision to include Mongolia in a list of countries eligible to sign the Second Compact Agreement.
 
Through its Second Compact Agreement, the MCC aims at providing a sustainable and comprehensive solution to a major developmental issue facing Mongolia. Sharing this commitment, the parties are closely cooperating to define the target areas of investment, which are, as of today, identified as increasing bulk water supply of Ulaanbaatar, and improving water supply and sanitation in ger areas.
Following the MCC’s Board of Directors decision to select Mongolia as a Second Compact Agreement eligible country in 2014, by Resolution of the Prime Minister of Mongolia, the Working Group to provide leadership and direction for the development of the Second Mongolia Compact Agreement between the Government of Mongolia and the Millennium Challenge Corporation of the USA, headed by the Minister Ts.Munkh-Orgil was established. The following year, the National Secretariat was set up. The preparations for the signing of the Second compact are underway. While, in general, Mongolia passes the Compact eligibility requirements, the Board noted that it expects Mongolia to demonstrate improved performance in combatting corruption.
 
The sides are working towards signing the agreement in 2017.
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Central bank's Monetary Policy Council meeting to be held four times in 2017 www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Under an order of the President of Mongolbank, dates of meetings of the central bank's Monetary Policy Council (MPC) has been fixed on December 14.
 
According to decision , the council will meet four time and its first meeting is scheduled on15 to 17 March 2017 in Ulaanbaatar, the 2nd meeting-- from 14 to 16 June, the 3rd meeting-- from 18 to 20 September, the 4th meeting— from 12 to 15 December.
 
The meetings will aim to strengthen the independence of the Central bank of Mongolia and to deploy foreign experts in the activity for developing monetary policy of Mongolbank.
 
The Council on monetary policy headed by the President of Mongolbank includes the leaders and independent members of the Central Bank.
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Jack Ma among 5 most powerful Chinese in world: Forbes www.chinadaily.com.cn

 
Alibaba's Jack Ma and four other Chinese entrepreneurs were named among the World's Most Powerful People, alongside successful politicians and business leaders, according to Forbes' annual ranking.
 
Jack Ma, ranking No. 28 on the list, has set a goal of creating 10 million profitable businesses and 100 million jobs in the next 20 years. Ding Xuedong, chairman of China Investment Corporation, the country's largest sovereign wealth fund, is also listed. Ding is responsible for steering an asset pool reportedly worth more than $800 billion. Ma Huateng (No 45), founder of Chinese internet giant Tencent, provides innovative services including mobile texting juggernaut WeChat. Real estate tycoon Wang Jianlin and Baidu CEO Robin Li are also included on the list.
 
The top 10 most powerful CEOs are all from American-run firms with a combined market cap of $3 trillion, according to Forbes. Larry Page, CEO of Google's parent company Alphabet, topped the rankings.
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German firms to pay $24.6 bil. for nuclear waste www3.nhk.or.jp

 
The lower house of parliament in Germany has passed a bill to have the country's major utilities pay about 24.6 billion dollars to deal with nuclear waste.
 
The German government plans to phase out the country's nuclear power plants by 2022. The policy was drawn up following the Fukushima Daiichi nuclear disaster.
 
The lower house on Thursday approved a bill that determines how much of the cost the government and 4 power companies will each assume for handling radioactive waste from nuclear plants.
 
The bill makes the government responsible for intermediate storage and permanent disposal of the nuclear waste.
 
Nuclear plant operators are required to pay 23.6 billion euro, or 24.6 billion dollars, into the fund set up by the government.
 
The upper house is also expected to approve the bill on Friday.
 
In Germany, the government and utilities have been sharply at odds over the cost of radioactive waste disposal.
 
The utilities welcome the legislation. They say they will withdraw lawsuits demanding the government pay compensation for its exit policy from nuclear energy.
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$1 could soon be worth €1 www.cnn.com

 
It's so close, you can almost taste it.
The U.S. dollar has been powering higher since Donald Trump won the presidential election and the euro has been weakening, putting the two currencies on a collision course.
The dollar's 9% move since Election Day means it's now worth €0.96. That's its highest level since 2003.
The trend has led to predictions of parity -- that is, when $1 is worth €1. The last time that happened was 2002.
Adam Slater, the head economist at Oxford Economics, said Thursday that parity could be reached by the end of 2017. Other economists think the key psychological level will be reached even sooner.
Slater said the currency moves are now being driven by divergent monetary policies on either side of the Atlantic Ocean.
The U.S. Federal Reserve is raising interest rates as it sees the American economy improve and expects rising prices. Meanwhile, the European Central Bank has extended its stimulus program and kept interest rates at record lows to support the economy and boost inflation.
Investors are attracted to higher interest rates and stronger economies because they expect a better return on their money, which has pushed up the dollar. Europe is essentially the flip side of the coin.
President-elect Trump is also playing heavily into the currency equation because he's promised to slash taxes and regulations and support infrastructure projects. His policies could create an inflationary environment where the Federal Reserve will have to keep hiking interest rates to keep inflation at bay.
The major shift in these currencies is making European products and travel cheaper for Americans. European exporters, including German auto manufacturers, are expected to benefit.
Germany ships over $125 billion worth of goods to the U.S. annually, making it one of America's biggest trading partners.
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6th Burns Supper in Ulaanbaatar www.mongolianbusinessdatabase.com

Since 2012 Honorary Consul for Mongolia in Scotland in association with the Mongolian British Chamber of Commerce have hosted an annual Burns Supper in Mongolia’s capital, Ulaanbaatar. As well as celebrating the life of Robert Burns, Scotland’s National Bard, we reflect on the growing ties between Scotland and Mongolia. In past years we have seen performances from the band of the Mongolian Armed Forces, the Ulaaanbaatar Scottish dance group and renowned Scottish bagpiper Alisdair McCallum.

The 6th Ulaanbaatar Burns Supper will take place on 28th January 2017.
Tickets are now on sale for this event at http://www.mongolianconsul.com/ulan-bator-burns-supper/

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