1 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      2 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      3 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      4 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      5 BIOGRAPHY OF TAVAN TOLGOI RESIDUAL COAL DEPOSITS WWW.ZGM.MN PUBLISHED:2018/07/16      6 NAGOYA BASHO LOSES LAST OF THREE YOKOZUNAS WWW.MONTSAME.MN PUBLISHED:2018/07/16      7 CHINA'S GDP HITS 6.7% IN Q2 OF 2018 WWW.CHINADAILY.COM.CN PUBLISHED:2018/07/16      8 US-CHINA TRADE WAR DIMS BRIGHT FUTURE FOR SEMICONDUCTORS WWW.ASIA.NIKKEI.COM PUBLISHED:2018/07/16      9 RIGHTS GROUPS URGE BETTER TREATMENT FOR MONGOLIA CHILD JOCKEYS WWW.REUTERS.COM PUBLISHED:2018/07/16      10 TPP CHIEF NEGOTIATORS TO MEET IN JAPAN WWW.NHK.OR.JP PUBLISHED:2018/07/16      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     1,5-2 САЯ ТӨГРӨГИЙН ЦАЛИНТАЙ ЖОЛООЧИЙН АЖЛЫН БАЙРНЫ БҮРТГЭЛ ЭХЭЛЛЭЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2018/07/16     ОЛОН МЯНГАН НИСЭХ ОНГОЦ ШИНЭЭР ҮЙЛДВЭРЛЭХ ШААРДЛАГАТАЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/16     КРИПТОВАЛЮТЫН ТАЛААРХ ХОРООНЫ БАЙР СУУРЬ ХЭВЭЭРЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/16     ОРОСЫН ЭДИЙН ЗАСГИЙН ӨСӨЛТӨД ДАШТ-2018 НӨЛӨӨЛӨХ НЬ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/16     ЗҮҮН ӨМНӨД АЗИ ХАНШАА ХАМГААЛЖ ЭХЛЭВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/16     АЯЛАЛ ЖУУЛЧЛАЛЫН САЛБАРААС 400 ГАРУЙ САЯ ДОЛЛАР ОЛЖЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/07/16     МОНГОЛЫН ЭДИЙН ЗАСГИЙН БҮТЭЦ ЭМЗЭГ ХЭВЭЭР БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/10     МОНГОЛ, ВЬЕТНАМЫН ГАДААД ХАРИЛЦААНЫ ЯАМ ХООРОНДЫН ЗӨВЛӨЛДӨХ УУЛЗАЛТ БОЛОВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/10    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Rising oil price lifts Wall Street www.bbc.com

The Dow Jones rose 40.68 points to 18,202.62 while the wider S&P 500 edged up 4 points to 2,144.29.
Oil prices rose over 2% after figures suggested a drop in US stockpiles. Shares in Chevron added 0.5% and Chesapeake Energy climbed 3.1%.
The tech-focused Nasdaq rose just 2.6 points to 5,246.41, with Intel down nearly 6% after its latest results.
Intel reported better-than-expected third-quarter earnings and revenue, but its shares were hit after its forecast for fourth-quarter revenues fell slightly short of expectations.
Intel is predicting revenues of $15.7bn in the quarter, plus or minus $500m, compared with analysts' expectations of $15.86bn.
Morgan Stanley shares rose 1.9% after the bank reported a 62% jump in third-quarter earnings to $1.5bn.
Like the other major US investment banks, Morgan Stanley's results were boosted by a big increase in bond trading, with revenues from that activity rising to $1.5bn in the quarter from $583m a year earlier.
Volumes of bond trading have been strong in recent months, partly due to the UK's vote to leave the EU and also due to speculation about moves in US interest rates.
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AIIB committee discusses strategy www3.nhk.or.jp

 
An international advisory committee for the China-led Asian Infrastructure Investment Bank has held its first meeting in Beijing.
 
AIIB President Jin Liqun and 10 other members including former Japanese Prime Minister Yukio Hatoyama exchanged views on the business strategy and the bank's operations.
 
The AIIB currently has 57 member nations. At least 20 other countries are thought to have applied for membership.
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Ukraine's gas monopoly to demand $2.6bn from Russia for Crimean assets www.rt.com

 
Ukraine’s national oil and gas company Naftogaz and its six subsidiaries are planning to sue Russia for the loss of assets in the Crimea, according to a statement released by the group.
 
“Naftogaz has preliminarily estimated the damage to the group at $2.6 billion,” the company says, stressing that the claim includes property of Naftogaz, Chornomornaftogaz, Ukrtransgaz, Ukrgazvydobuvannia, Ukrtransnafta, Gaz Ukrainy and Likvo. Naftogaz claims the seizure of Crimean energy assets owned by the group violates the bilateral agreement on promotion and mutual protection of investments, signed by the two governments.
 
“After the illegal invasion of Crimea and the occupation of the peninsula in 2014, the Russian Federation applied an ambitious and well-coordinated scheme of depriving Ukrainian companies of their property without paying compensation,” the company says.
 
In March, Naftogaz said it was planning to sue Russia over the Crimean assets, and that it would seek international investment arbitration.
 
Earlier this year, Naftogaz announced the start of compensation negotiations over the nationalizing of Chornomornaftogaz and Ukrtransgaz, which formed one enterprise after Crimea held a referendum to join Russia two years ago.
 
On March 16, 2014, the referendum asked the people of Crimea whether they wanted to join Russia, or if they wanted to restore the 1992 Crimean constitution and Crimea's status as a part of Ukraine. The referendum took place five days after the Crimean government declared the independence of the Republic of Crimea. The vast majority voted in favor of Crimea seceding from Ukraine and rejoining Russia.
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Yahoo boosted by profits rise as Verizon reviews hacking impact www.bbc.com

 
Yahoo's profits more than doubled in the last three months, a boost for the beleaguered firm whose plan to sell its core business was thrown into doubt.
Verizon Communications agreed to buy Yahoo for $4.8bn (£4bn), but disclosure of huge data breach put a question mark over the deal.
In the quarter to 30 September, Yahoo's profits rose to $163m, from $76.3m last year, on revenue up 6.5% to $1.3bn.
Chief executive Marissa Mayer said the figures underlined Yahoo's value.
"We remain very confident, not only in the value of our business, but also in the value Yahoo products bring to our users' lives," she said in a statement.
Revenues from mobile operations during the quarter reached $396m, up from $271m the previous year.
"We launched several new products and showed solid financial performance across the board," Ms Mayer said.
The results, the first financial update since Yahoo and Verizon announced their deal, beat most analysts' forecasts.
Yahoo's shares rose 1.3% in after-market trading on Wall Street, which analysts said reflected confidence that the data breach had not sparked a mass exodus of users of the firm's email system.
Yahoo disclosed last month that a hack affected about 500 million user accounts. Verizon said subsequently that the news could have a "material impact" on its plan to buy the company.
Ms Mayer said on Tuesday: "We're working hard to retain [users'] trust and are heartened by their continued loyalty as seen in our user engagement trends."
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China's economy grows steadily at annual rate of 6.7% www.bbc.com

 
China's economy grew at an annual rate of 6.7% in the three months to September, government data showed, a sign that growth is stabilising.
The figure was the same rate as the previous two quarters, and was in line with forecasts.
The spell of stability will reassure investors after China's markets and currency crises earlier this year sparked fears of a further slowdown.
China's economic performance has a big knock-on impact around the world.
Full year growth for 2016 is still likely to be weaker than last year's, which was already the slowest in 25 years.
And there are growing concerns that growth is being propped up by government spending and growing debt - with private investment tumbling to record lows.
Construction boom
"The general performance was better than expected," the National Bureau of Statistics said in a statement when releasing the data on Wednesday.
The figure is in line with Beijing's growth target of 6.5%-7% for the year.
Real estate has been a driving force behind China's economy this year, with separate data released on Wednesday showing that investment in property rose by 5.8% between January and September with sales increasing by almost 27%.
This is despite government efforts to try and prevent more property bubbles - with some cities demanding bigger mortgage deposits or banning second homes.
Karishma Vaswani: Pigeon lofts and tulip fever
China is the world's second-largest economy and the second-biggest importer of both goods and commercial services.
China also plays an important role as a buyer of oil and other commodities. Its slowdown in growth has been a factor in the decline in prices of those goods.
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Hyundai to make China-only vehicles, green cars to battle local brands www.reuters.com

Hyundai Motor Co on Tuesday said it aims to make more China-only and environment-friendly cars at two new Chinese plants, as it strives to fend off competition from Chinese rivals and slowing growth in the world's biggest auto market.
 
The plans are part of a strategy announced on the opening of South Korean automaker's fourth Chinese factory, which will be followed by fifth plant next year.
 
Hyundai and sister Kia Motors Corp, which together rank third in China sales, saw their combined market share fall to 8 percent this year, hitting their lowest since 2007 as domestic rivals won customers with cheaper sport utility vehicles (SUVs).
 
To boost sales capability, Beijing Hyundai - a joint venture with domestic peer BAIC Motor Corp Ltd - replaced its head earlier in October as part of a reshuffle of China executives.
 
Hyundai said its new plants will each have annual production capacity of 300,000 cars, raising total capacity in its biggest market by about half to 1.81 million cars. Including Kia's output, total capacity would be 2.7 million.
 
"We will accelerate our efforts to achieve a market share of more than 10 percent again with the (factory) opening," Hyundai said in a statement on Tuesday.
 
China's passenger car market is projected to grow 1 percent in 2017 versus 10 percent this year, Hyundai Motor said, citing data from China's State Information Center (SIC). Tax breaks for small engine cars, which boosted 2016 sales, will expire at the end of December.
 
Hyundai said its new plants will build models of varying sizes to compete with low-cost domestic rivals. It aims to sell a China-only SUV from as early as next year, with more SUV models planned. Reuters earlier this year reported that Hyundai and Kia plan to launch three low-cost SUVs in China from 2017.
 
"Not all SUVs will win - but the (makers) who localize the designs and features to Chinese tastes will be the winners," said James Chao, Asia-Pacific managing director at researcher IHS Automotive. He said SUVs will account for 40 percent of the passenger vehicle market by 2023, from 34 percent this year.
 
Hyundai also said it aims to produce nine green vehicles - petrol-electric hybrid, plug-in hybrid, electric and fuel cell - in China by 2020, making up 10 percent of its sales in the country by that year. At present, green vehicles account for a fraction of Hyundai's China sales.
 
China surpassed the United States last year to become the largest maker of electric cars following government subsidies aimed at curbing pollution.
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Online firm launched to pitch Japan to foreigners www3.nhk.or.jp

Three major Japanese companies have launched an online source of information to help people abroad learn more about Japan.
 
Travel agency JTB, logistics firm Nippon Express and department-store operator Isetan Mitsukoshi Holdings jointly established Fun Japan Communications.
 
The new company takes over a web service previously run by Nippon Express and boasting around 330,000 members outside Japan. The company will use it to disseminate information about tourist attractions, culture, technology, food and cosmetics.
 
Company officials say they will promote many aspects of Japan ahead of the 2020 Tokyo Olympics and Paralympics.
 
They hope their efforts will help lure more tourists from abroad, deepen understanding of Japan, and increase exports to other countries.
 
President Daisuke Fujii told reporters that the company's activities will serve as a bridge between Japan and the rest of Asia.
 
He added that he wants to ignite the growth and development of Japan by revitalizing rural economies through an increase in foreign visitors and promoting Japanese culture.
 
The company plans to focus on strengthening services to other parts of Asia by providing information in their languages.
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Diesel farms set to win lucrative contracts to back up National Grid www.theguardian.com

Dozens of diesel farms stand to win millions of pounds in lucrative contracts to keep the UK’s lights on, sparking anger from environmental groups.
 
National Grid, which operates the UK’s electricity network, said small power generators had bid for 15-year contracts starting in 2020-21, as part of the government’s capacity market reforms.
 
The contracts, for firms that produce below 100MW, will see them paid to be on standby in case of a shortfall from power sources such as coal, gas or wind.
 
Of the total 8.7GW of back-up power that firms have offered, 3.9GW – more than the generating capacity of the Hinkley Point nuclear power station – is from generators who say they will burn either gas or diesel.
 
The companies could make up to £787m between them, depending on how many opt for diesel over gas and how many are successful in the final auction in December.
 
Diesel power firms submitted bids to provide just 0.87GW in last year’s auction, winning about three-quarters of their bids, worth some £176m.
 
The Department for Business, Enterprise and Industrial Strategy said it was unable to provide an exact figure for how much diesel generation had been bid for, although insiders said the true figure could be lower than 3.9GW.
 
But a spokesman said that even though diesel firms could be paid millions to be on standby, they were unlikely to contribute much to pollution because they would only run when there was a heightened risk of power shortages.
 
“Diesel generation accounts for less than 0.1% of total energy generation and will only ever be used for very short periods of time to provide instant electricity when it is needed.
 
“We are taking action on diesel emissions and all new diesel systems will have to comply with new emission controls,” the spokesman said.
 
A spokesman for climate change campaign group Sandbag said: “We are surprised and disappointed that so much new diesel could be built.
 
“There’s a risk we’re sleepwalking into a new generation of polluting diesel farms unless the government gets a grip on this. We need the right type of investment to help modernise our electricity system, and that certainly isn’t diesel.
 
“The government needs to ensure that the capacity auction is incentivising the right investment, rather than building a nationwide fleet of dirty diesel.”
 
Richard Black, director of thinktank the Energy and Climate Intelligence Unit, said the government should be doing more to encourage the use of battery storage and demand-side response, where firms agree to reduce or shift their energy usage.
 
“The capacity market is a necessary tool but it would be very sensible to design it so that it also fits in with the long-term objective of building a smart low-carbon system and fulfilling its aim of the UK becoming a world leader on battery technology,” Black said.
 
“They’ve missed a trick. They could have rewritten the rules and redesigned the capacity mechanism, they could have differentiated between clean and dirty energy and they chose not to.
 
“If they’d rewritten the rules to prioritise batteries and demand-side response then we might have more of those technologies available now.”
 
A spokesperson for Greenpeace said: “Britain is one of the world’s leading economies and the idea that in the 21st century we may have to rely on highly polluting diesel farms to keep the lights on is quite embarrassing.”
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Tesco sees first market share rise since 2011 www.bbc.com

Tesco has increased its share of the UK grocery market for the first time since since 2011, figures show, highlighting the ongoing recovery of Britain's biggest supermarket.
According to Kantar Worldpanel, sales grew 1.3% year-on-year in the 12 weeks to 9 October.
That left Tesco with 28.2% of the UK grocery market, up from 28.1% a year earlier.
In the 12 week period, sales fell 0.4% at Sainsbury's and 5.2% at Asda.
Tesco has been struggling with stiff competition from discount retailers and reputational damage from a 2014 accounting scandal.
It reported a record loss last year, but earlier in October said that sales were continuing to recover as it won back shoppers.
Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said growth was being driven by "family shoppers [and] improved trading from its larger supermarket and Extra stores".
"Foods including ready meals and produce have been among the fastest growing areas at Tesco, helped by its 'Farm Brands' but also its standard own label lines," he added.
Deflation continues
According to Kantar, sales in the UK grocery market in the 12-week period were 0.8% higher than a year ago.
Iceland, Co-op and Waitrose won an increased share of the market.
The discount chains Aldi and Lidl also did well, with their sales jumping 11.4% and 8.4% respectively.
Despite recent concerns about supermarket inflation, Kantar said grocery price deflation had continued in the period, "albeit at a slower rate".
"The price of everyday groceries fell by 0.8% compared with a year ago and in contrast to the -1.1% reported [for the preceding 12 weeks]," Mr McKevitt said.
The drop in prices had been "particularly noticeable among pork, crisps and poultry products", he said.
Food prices were the backdrop to last week's spat between Tesco and manufacturer Unilever, after the latter tried to raise its wholesale prices by about 10% to compensate for higher costs due to the recent fall in the value of the pound.
In response, Tesco pulled popular brands from its website including Hellmann's Mayonnaise and Marmite, but the pair soon ended the row after reaching a compromise.
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Controversy surrounds South African coal mine www.mining.com

Atha-Africa Ventures’ Yzermyn project, a 2.26Mt/year export underground coal mine in the Mpumalanga province, is creating controversy between the South African government and environmental activists.
 
The Indian company has secured a mining right, an environmental authorisation, and an integrated water-use licence. The only step missing to kick-start operations is the approval the project needs from the Ministry of Environmental Affairs.
 
The problem is that the mine sits in the Mabola protected area, declared as such in 2014. Three major rivers, the Vaal, the Tugela and the Pongola, converge there. Thus, the place is one of the top five sources of water for the region.
 
According to a lengthy report published by the Pulitzer Center on Crisis Reporting, a water use licence for Yzermyn was granted by the Department of Water and Sanitation in July. This means that the mine can use 56,554 cubic metres of water a year from local wells. The permit also allows for dewatering the mining void and pumping some treated effluent directly into wetlands.
 
The permit was issued in a moment when different cities across the country, but particularly Tshwane‚ Johannesburg, and Ekurhuleni, are enduring a severe drought that has led to water restrictions.
 
Despite the fact that Mabola is a protected area, the mine could get the go-ahead because the Protected Areas Act allows the development of mining projects that have obtained written permission of the ministers of environment and of mineral resources.
 
Just eight months after Mabola was declared a protected area, the minister of mineral resources greenlighted Atha-Africa’s project. The mining permit was later amended in April of 2015.
 
Atha-Africa Ventures’ Yzermyn project (Photo: Atha-Africa).
The PCCR reports that eight concerned NGOs have appealed against such mining right, stating that mining should not be allowed in sensitive wetlands. A supplementary affidavit was filed in early August, and they expect to be back in court in the first quarter of 2017.
 
The same group has also appealed the granting of the environmental authorisation on the grounds that neither the authorisation, nor the environmental impact assessment on which it was based, accounted for all the potential impacts of the mine.
 
But the company says its social, labour, and environmental studies have been closely scrutinised, and some of them were actually re-submitted to address certain areas of concern. After committing to 249 mitigation measures, the Indian miner secured mining and environmental permissions.
 
In spite of Atha-Africa’s assurances, activists remain worried. "The precedent that can be set by the allowance of this kind of activity within a protected environment opens up, I believe, a floodgate of opportunities for any mining company to challenge protected environments," Angus Burns, senior manager for the Land and Biodiversity Stewardship Programme at WWF-SA, told PCCR.
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