1 PM U.KHURELSUKH PAYING AN OFFICIAL VISIT TO THE UNITED STATES WWW.MONTSAME.MN PUBLISHED:2018/09/18      2 ELON MUSK UNVEILS FIRST TOURIST FOR SPACEX 'MOON LOOP' WWW.BBC.COM PUBLISHED:2018/09/18      3 CHINESE DELEGATION INFORMS MONGOLIANS ON TIBET'S DEVELOPMENT WWW.XINHUANET.COM PUBLISHED:2018/09/18      4 CHINA REPORTS NEW AFRICAN SWINE FEVER OUTBREAK IN INNER MONGOLIA WWW.REUTERS.COM PUBLISHED:2018/09/18      5 MORE MONGOLIANS VISITING SOUTH KOREA FOR MEDICAL SERVICES WWW.NEWS.MN PUBLISHED:2018/09/18      6 CHINA RAILWAY TO BUILD INFRASTRUCTURE FOR RUSSIA’S FAR EAST WWW.RT.COM PUBLISHED:2018/09/18      7 MOST PROFITABLE MINING COMPANIES IN 2017 WWW.MINING.COM PUBLISHED:2018/09/18      8 MINISTRY OF ENERGY PLANS TO TAKE CONTROL OF POWER PLANTS FOLLOWING SATURDAY BLACKOUT WWW.ZGM.MN PUBLISHED:2018/09/18      9 IRRESPONSIBILITY AT WORKPLACE RESULTS IN CITYWIDE BLACKOUT WWW.ZGM.MN PUBLISHED:2018/09/17      10 SALESFORCE BILLIONAIRE MARC BENIOFF TO BUY TIME MAGAZINE WWW.BBC.COM PUBLISHED:2018/09/17      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     ИРЭХ ОНД ТӨРИЙН АЛБАН ХААГЧДЫН ЦАЛИН 20 ХУВИАР НЭМЭГДЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/18     ЕВРОПЫН СЭРГЭЭН БОСГОЛТ ХӨГЖЛИЙН БАНК ЖИЖИГ ДУНД БИЗНЕСИЙН БҮСИЙН ХӨТӨЛБӨРӨӨ МОНГОЛД ЭХЛҮҮЛЖ БАЙНА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/18     ХАЙЛААР, ЧИТА, ЧОЙБАЛСАНГ ХОЛБОСОН АЯЛАЛ ЖУУЛЧЛАЛЫН КОРИДОР БАЙГУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2018/09/18     АМ.ДОЛЛАРЫН ХАНШ 2500 ТӨГРӨГ ДАВЛАА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/18     ЗОЧЛОХ ҮЙЛЧИЛГЭЭНИЙ САЛБАРЫН 6500 ГАРУЙ БИЗНЕС ЭРХЛЭГЧ "CROCUS"-Т ЧУУЛЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/18     ХОККАЙДО-МОНГОЛЫН ЭДИЙН ЗАСГИЙН ХАРИЛЦААГ ДЭМЖИХ НИЙГЭМЛЭГИЙН ТЭРГҮҮН ТАКЭБЭ ЦҮТОМҮТЭЙ АЯЛАЛ ЖУУЛЧЛАЛЫН АСУУДЛААР ЯРИЛЦЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/18     УЛААНБААТАР ХОТОД САЙЖРУУЛСАН ТҮЛШ НӨӨЦЛӨХ АГУУЛАХ БАРИНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/17     МӨНГӨ УГААХ ГЭМТ ХЭРЭГТЭЙ ТЭМЦЭХЭД ТӨРИЙН БАЙГУУЛЛАГУУДЫН ОРОЛЦОО ЧУХАЛ WWW.IKON.MN НИЙТЭЛСЭН:2018/09/17    

Events

Name organizer Where
LONDON- “BRAND LICENSING EU 2018” БОЛОН БИЗНЕС ХӨТӨЛБӨР Oct 09-14. 2018 MBD London UK
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Firm chairman sentenced to death for Tianjin fire www3.nhk.or.jp

A Chinese court has given the head of a logistic company a suspended death sentence in connection with a massive explosion in the port city of Tianjin last year.

173 people died or went missing in the blast and fire at a chemical warehouse in August of last year. The explosion destroyed factories and nearby condominiums.

China's state-run Xinhua news agency reported that a Tianjin court on Wednesday gave the company's chairman Yu Xuewei the sentence for illegal storage of dangerous substances at the warehouse and other charges. A suspended death sentence is usually commuted to life in prison after 2 years.

The court gave 23 other company officials jail sentences ranging up to life imprisonment. It also jailed 25 local government officials for bribe-taking and other charges.

China watchers say the harsh sentences appear to be aimed at showing tight discipline for ranking officials, as serious accidents have repeatedly occurred in China.

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Visa fees will be paid in Mongolian Tugrik only www.gogo.mn

Prime Minister J.Erdenebat obliged affiliated ministries on several issues at the beginning of the cabinet meeting. 
Particularly, Prime Minister gave a concrete task to authorities of Oyu Tolgoi, Erdenes-Tavantolgoi, Energy Resource and local Tavantolgoi company when he was working in Umnugobi aimag during the weekend. In regards, he obliged affiliated ministries to establish a working group in charge of developing proposal on measures to be taken on Gashuunsuhait port, ensuring the implementation and monitoring. 
Moreover, he assigned Deputy Minister of Mongolia to provide winter preparation while he assigned Minister of Finance to study the possibility to freeze the increase in exchange rate and to develop affiliated draft law if needed. 
In addition, he engaged all foreign embassies, operating in Mongolia to receive their visa fees in national currency of Mongolia, the Tugrik (MNT).

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#InspireMe Festival Ulaanbaatar Shangri-La Mall www.mongolianbusinessdatabase.com

Her Majesty’s Ambassador, Catherine Arnold, invites you to attend the “Business Zone Seminars” for entrepreneurs and start ups.

15:30-15:50 Business idea modelling - G. Oyungerel, training manager, Youth Business Mongolia
15:50-16:10 How to start your own business? Funding options - E.Bat-Orshikh, Executive Director, Development Solutions
16:10-16:30 Working with foreign partners - J.Nomin, Director, Mongolia Talent Network
16:30-16:50 Building international supply chain - Nancy Johnston, Founder of Tengri
16:50-17:10 Entrepreneurship: Ch. Gankhuyag, CEO of Ard Financial Group
17:40-18:40 Startup Grind Mongolia: Nomin Ch., CEO, Mongol HD

Date: 11 November

Time: 15:30 – 18:40

Location: Shangri-la Mall/ Business zone (F1, Art Space Gallery)

SEATING IS LIMITED AND AVAILABLE ON A FIRST COME FIRST SERVE BASIS.

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US stock markets neutral on Trump win www.rt.com

The main US indexes did not plunge significantly during the first minutes of trading in New York. Futures had pointed to a sharply lower open for Wall Street on Wednesday after Donald Trump won the US presidential election.
 
The Dow Jones Industrial Average was trading flat at 18,341 points. The Nasdaq Composite dropped 17 points, or less than a half percent. The S&P 500 index was 0.14 percent down.
Germany’s DAX and France’s CAC 40 index were losing less than half a percent, while UK’s FTSE 100 was up 0.2 percent.
 
Shares in steel producers, defense firms and pharmaceuticals firms are rallying, as speculators expect a rise in infrastructure projects, military spending, and a more favorable environment for drug producers during Trump’s administration.
 
Pfizer was up nearly 10 percent, while its rival Merck gained six percent. Machine maker Caterpillar went up eight percent.
 
Shares in biotech companies are skyrocketing with the Nasdaq biotech index showing its biggest intraday gain in eight years.
 
Gold, platinum, palladium and other precious metals were all in the green, rising one to two percent.
 
The crude oil benchmarks have fallen less than half a percent, with Brent trading at $45.88 and WTI at $44.8 a barrel.
 
Healthcare firms are the worst performers on the S&P 500 with insurance group Centene Corporation down 16 percent. Private healthcare providers are also falling eight to 14 percent.
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German consortium to invest almost €3bn in Russian high-speed railway www.rt.com

A consortium of major German companies is ready to provide €2.7 billion to construct the Moscow-Kazan high-speed railroad, according to the Vice President of Russian Railways Alexander Misharin. Initially the sum proposed was €2 billion.
 
"Now we speak about investment of about €2.7 billion," Misharin told TASS, adding the terms of the financing will be fixed in an intergovernmental agreement.
 
Germany’s Siemens is part of the consortium and has said it is ready to manufacture rolling stock for the route. The company wants to provide an enhanced version of its high-speed Sapsan train for the new line. Siemens’ Sapsan trains currently operate on the Moscow to St. Petersburg line.
 
The route from Moscow to Kazan is planned as part of a network of high-speed lines to be built by 2018 when Russia hosts the FIFA World Cup. Kazan will be one of the Russian cities hosting the tournament.
 
The ambitious project has already attracted interest from China which plans to put in up to $6 billion.
 
Last year, the China Railway Group won a $390 million contract to develop the Moscow-Kazan railway which may be extended to the Chinese capital. The route is expected to become part of the grand Silk Road project, a Chinese economic corridor with Russia and Mongolia. Beijing sees the high-speed rail project as a way to boost communication and trade with Russia and Europe.
 
The cost of the 770 kilometer Moscow-Kazan link is estimated at $21.4 billion. It will stretch through seven regions of Russia, reducing the current 12-hour journey time from Moscow to the capital of the Republic of Tatarstan to just three and half hours.
 
The trains will be able to reach speeds of 400 kilometers per hour. The average annual passenger traffic is estimated at about 200 million people.
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Russia wants to restore Europe business ties, but Brussels shows no goodwill – economy minister www.rt.com

 
Moscow seeks to abolish mutual restrictions with the EU, but Brussels doesn’t show commitment to the matter, Economic Development Minister Aleksey Ulyukaev told Italian business leaders in Rome on Tuesday. Italy has been opposing anti-Russian sanctions, calling them counterproductive.
 
“As for cars, clothing and furniture, there are no imports restrictions. The restrictions apply to agricultural products. They’re probably quite significant,” Ulyukaev said.
 
“But this is not our choice. The best solution is to mutually waive these limitations, we would welcome it, but unfortunately our partners – including the European partners – are not showing goodwill here," he added.
 
Italian businesses have been seeking ways to continue delivering their products to the Russian market despite the restrictions. For example, investors from Italy plan to build a buffalo farm and a mozzarella production plant in Crimea, aiming to put €300 million (US$337 million) into the enterprises.
 
Italian Prime Minister Matteo Renzi openly criticized anti-Russian sanctions at an EU summit in October and spoke against their expansion.
 
“We should do everything possible for a peace deal in Syria, but it’s difficult to imagine that this should be linked to further sanctions on Russia,” Renzi said, as cited by Reuters.
 
In July, the Italian province of Tuscany unanimously backed a resolution urging the lifting of anti-Russian sanctions. The region followed footsteps of Lombardy, Veneto and Liguria, who have acknowledged right for self-determination of the people of Crimea, who voted to leave Ukraine and reunite with Russia in 2014.
 
Trade relations between Russia and the EU have significantly deteriorated since 2014, when Europe accused the Kremlin of fueling the Ukrainian crisis and imposed several rounds of sanctions. The restrictions targeted Russia's banking, energy and defense sectors. In response, Russia imposed a food embargo targeting countries that joined anti-Russian sanctions.
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M&S to axe stores as Rowe beats a retreat www.chinadaily.com.cn

Marks & Spencer Group Plc announced plans to shut 30 clothing stores in the United Kingdom and switch others to food-only outlets as Chief Executive Officer Steve Rowe unwinds the expansion efforts of his predecessor and seeks to reverse years of lackluster performance.

The retailer will also shutter 53 stores outside the UK and begin consultations with 2,100 workers as it retreats from 10 countries including China and Belgium, it said on Tuesday, while cutting its margin outlook for the year.
"M&S have been trying to dig their general-merchandise business out of trouble for several years, but for now it seems that the time has come to stop digging," said Phil Dorrell, partner at consultant Retail Remedy.
"By closing stores and cutting jobs without an accompanying announcement on a new strategy, M&S are giving in."
M&S veteran Rowe is taking immediate action to address the fashion retailer's struggles at home and abroad after replacing Marc Bolland as CEO this year.
Domestic clothing sales have been in near constant decline for five years as shoppers defect to nimbler rivals such as Hennes & Mauritz AB and Inditex's Zara.
International earnings have been weighed down by weak demand in Europe and turbulent economic conditions in Asia and the Middle East.
The domestic closures will take place over five years, M&S said, without disclosing how many jobs will be lost.
The downsizing represents the end of an era for the 132-year-old company that was long regarded as the bellwether of UK retailing.
"These are tough decisions, but vital to building a future M&S that is simpler, more relevant, multi-channel and focused on delivering sustainable returns," Rowe said in the statement.
The domestic closures will reduce the amount of space devoted to clothing and home wares by 10 percent, said the company, which has 304 UK clothing and home stores.
Taken together, Rowe's actions will lead to the loss of 60 clothing outlets.

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Alibaba hopes Singles' Day shopping party will go international www.asia.nikkei.com

HONG KONG -- Chinese e-commerce giant Alibaba Group Holding aims to transform every Nov. 11's Singles' Day from an exclusively Chinese phenomenon into an annual international shopping event.

Alibaba started the Singles' Day shopping event on Nov. 11, 2009, to boost online sales, as the date is made up of four lonely "ones."

The event began with just 27 stores and gross merchandise volume of less than 100 million yuan (about $14.7 million at current rate), but the figures jumped around 60% on the year to 91.2 billion yuan with 40,000 stores in 2015.

Alibaba's e-commerce site Tmall set a Guinness World Record for selling 6,506 cars and 1.11 million watches in a single day last year.

Alibaba's Singles Day sale starts at midnight on Friday. Last year, Tmall's GMV topped 1 billion yuan in one minute and 10 billion yuan in 12 minutes.

David Hill, renowned as the producer of the Academy Awards and the Super Bowl in the U.S., will direct the Tmall 2016 Double 11 Carnival Night, which will be held in Shenzhen, in the southern province of Guangdong.

U.S. pop star Katy Perry will headline at Alibaba's Singles Day gala as a global ambassador. Alibaba will broadcast the event live through Youku Tudou, its U.S.-traded online video provider.

This year, Alibaba has attracted foreign companies to make the event more international. Well-known foreign brands, such as Apple of the U.S., Italian luxury car brand Maserati and U.S. fashion brand Victoria's Secret, will join the shopping event for the first time to entice Chinese consumers.

Meanwhile, Tmall is providing services in full swing in Hong Kong and Taiwan to establish a foothold in the global market.

Virtual reality shopping will be another attraction of this year's Singles' Day sale. A dedicated VR headset will allow Chinese consumers to enjoy shopping as if they were actually at Macy's department store or a Target discount store in the U.S. while sitting in their own homes.

A representative of Guotai Junan International Holdings predicted that Alibaba's extensive sales promotion will boost Tmall's GMV by 37-43% year on year to 125 million yuan to 130 billion yuan on this year's Singles Day. Some market watchers even expect Tmall's GMV to hit 150 billion yuan.

Stocks that will benefit from Singles Day sale include e-tailers Alibaba and JD.com, as well as Suning Commerce Group and other electronics retailers that partner with Alibaba and Fast Retailing, the operator of the Uniqlo casual wear chain, which logged more than 600 million yuan in sales on last year's Singles' Day.

Logistics companies that ship goods ordered online are attracting greater attention. For example, the stock price of Chinese package delivery company YTO Express has surged more than 70% over the past two months, far exceeding the Shanghai Composite Index, which has remained roughly flat. The Shanghai-listed company posted solid earnings in the first nine months of the year, with a 44% increase in sales and a 91% jump in net profit.

The China Express Association, an industry group for home delivery and logistics, delivery volume will jump 35% from a year earlier to 1.05 billion during this year's Singles' Day campaign on Nov. 11-16. As many as 2.68 million people, a 50% increase from the previous year, will handle the mountains of goods shipped.

That said, time will tell if the Singles' Day shopping event will continue to grow at the current pace, as it has become so big. In response to market expectations, one Alibaba executive said he only expects GMV growth of about 30% this year.

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With Samsung raid, Choi probe turns to big business www.asia.nikkei.com

SEOUL -- South Korean prosecutors raided Samsung Electronics' headquarters Tuesday for evidence in the influence-peddling scandal surrounding a close confidante to President Park Geun-hye, dragging one of the country's largest conglomerates into the widening investigation.

The electronics maker is alleged to have sent some 2.8 million euros ($3.09 million) to a company linked to former dressage competitor Chung Yoo-ra, the daughter of Choi Soon-sil, a longtime friend of Park's who the president is alleged to have involved in state affairs. Tuesday's raid turned up evidence of such transfers, according to South Korean media reports.

Samsung confirmed that the raid took place in a short statement Tuesday. The company will faithfully comply with the investigation, a Samsung source said. Park Sang-jin, Samsung Electronics' president of corporate relations, is the current head of the Korea Equestrian Federation. He is expected to say that the money was to fund development of the sport, and that the selection of Chung to represent South Korea in international competition was a coincidence.

Prosecutors have barred Park from leaving the country, and are expected to look into possible kickbacks from the Park Geun-hye government to Samsung.

The raid also furthers an investigation into donations by South Korean businesses to two nonprofits -- a sports foundation and a cultural foundation -- effectively controlled by Choi, worth some 77.4 billion won ($68.2 million) in total. Prosecutors have detained and questioned Ahn Chong-bum, the president's former secretary for policy coordination, over allegations that he worked with Choi to pressure companies to donate. Looking into the hazy origins of these funds will help investigators determine whether Park herself is directly involved in any of the growing number of graft scandals surrounding Choi.

South Korea's major conglomerates top the foundations' donor lists. Samsung Group, the electronics company's parent, gave the most at around 20.4 billion won. Lotte Group reportedly gave around 4.5 billion won. Lotte's donation is suspected to have been returned several days before the company's offices were raided in June as part of an investigation into a possible slush fund.

Corporate donors say they were merely supporting South Korean sports and culture by giving to the funds and have not acted illegally. But if large conglomerates refuse to cooperate, prosecutors would have little choice but to call business leaders as witnesses, a source linked to the prosecution said Tuesday. The arrest or detention of officials cannot be ruled out as the investigation continues.

South Korea's economy has stagnated of late, and the wage gap between full- and part-time or temporary employees is widening. If the country's leading conglomerates are discovered to have benefited by illegally donating to Choi, the anger of ordinary South Koreans, now directed mainly at Park, could lash the corporate sector as well.

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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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