1 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      2 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      3 AIRBNB IS USING WHAT3WORDS TO LIST STAYS WITH MONGOLIAN NOMADS WWW.TECHCRUNCH.COM PUBLISHED:2018/11/20      4 LOCAL PRECIOUS METAL ASSAY LABORATORY PURIFIES 99 KG OF GOLD WWW.MONTSAME.MN PUBLISHED:2018/11/20      5 LEGISLATOR OF MONGOLIA'S RULING PARTY SUBMITS PROPOSAL ON DISMISSING GOVERNMENT WWW.XINHUANET.COM PUBLISHED:2018/11/20      6 SHOCK DECISION: CHINA CLOSES BORDER TO COAL IMPORTS FROM MONGOLIA WWW.NEWS.MN PUBLISHED:2018/11/20      7 STRATEGY INTRODUCED TO FOSTER PRIVATE SECTOR IN WESTERN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      8 MONGOLIA TO STRENGTHEN ECONOMIC TIES WITH RUSSIA WWW.XINHUANET.COM PUBLISHED:2018/11/19      9 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      10 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      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     ХАЙНАНЬД ЗУГААЛАХ ГЭСЭН МОНГОЛЧУУД УЛААН-ҮҮДЭЭС НИСЭХ ТАСАЛБАРЫГ ХУУ ХАМЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/20     ГАШУУНСУХАЙТ БООМТ: ЖОЛООЧ НАРЫН МЭДЭЭЛЛИЙГ УРЬДЧИЛАН ЯВУУЛАХ БАЙДЛААР АСУУДЛЫГ ШИЙДВЭРЛЭХЭЭР БНХАУ-ТАЙ ТОХИРОЛЦЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     ЗАМЫН НӨХӨӨС, 100 ГАРУЙ ТӨРЛИЙН РЕЗИНЭН БҮТЭЭГДЭХҮҮН ДОТООДОД ҮЙЛДВЭРЛЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     АЛТНЫ ОЛБОРЛОЛТ ЭДИЙН ЗАСГИЙГ ДЭМЖИЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛЫН АНХНЫ ХУВИЙН ХӨРӨНГИЙН БИРЖИЙН ХОЁР ДАХЬ БҮТЭЭГДЭХҮҮН: “ПАРК ТАУН” БОНД WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛ, ОХУ-ЫН ТЭЭВРИЙН САЛБАРЫН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/20     БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19    

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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S&P says South impeachment does not affect credit fundamentals www.reuters.com

 
S&P Global Ratings said on Monday that Friday's vote by South Korea's parliament to impeach President Park Geun-hye does not have a material impact on the country's credit rating.
 
"Although the political uncertainty could remain a distraction to policymakers for some time, we believe the effective Korean bureaucracy will keep the government running smoothly," the ratings agency said.
 
Park's duties have been temporarily assumed by the country's prime minister until a court rules on whether to uphold or overturn the impeachment vote.
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Ceremony marking Olympic stadium construction www3.nhk.or.jp

 
A ceremony to mark the start of full-fledged construction of Tokyo's new Olympic stadium has been held.
 
Leaders of the government and sports authorities gathered at the construction site on Sunday. Tokyo will host the Olympics and Paralympics in 2020.
 
Building work actually began on December 1st, more than a year later than planned. The government scrapped an initial design criticized as too costly.
 
The chairman of the Japan Sport Council, Kazumi Ohigashi, said at the ceremony that he hopes the new stadium will connect Japan and the world beyond the 2020 games.
 
Prime Minister Shinzo Abe said Japan has to make the Tokyo Olympics and Paralympics the number one event in the world. He said he believes that many athletes will challenge their limits in this new stadium and enliven people and society.
 
Tokyo Governor Yuriko Koike said she hopes the stadium will be remembered with the year 2020 and be loved by everyone for a long time to come.
 
Construction is scheduled to be completed in November 2019.
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Iron ore soars past $80 a tonne www.mining.com

 
Iron ore prices continued to rally on Friday, trading above the $80 a tonne level, even after falling $0.12 per tonne overnight.
 
The import price for 62% iron content fines at the port of Qingdao was at $81.66 a tonne, data from The Metal Bulletin Index shows, which means that — year to date — the price of the steelmaking raw material is up 85% or more than double its price of December 2015.
 
The rally has been largely attributed to strong infrastructure investment in China, as well as the country’s slowdown in supply growth, following Beijing’s decision to close 100 – 150 million tonnes of steel capacity through the end of the decade to increase profitability of remaining producers and tackle pollution.
 
Authorities are also pushing for consolidation of steel producers with a target of 60% market share for the top 10 steelmakers, which should translate into higher prices for steel, iron ore and met coal.
 
Soaring iron ore prices are also a result of increased demand from China, which according to official figures released Friday, reached 80 million tonnes in October, 7% more than in the same month last year.
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Qantas to fly from London to Australia non-stop www.bbc.com

 
Passengers will be able to fly from London to Australia non-stop when airline Qantas launches its new service from March 2018.
Australia's national carrier says it will connect Perth, in the west of the country, to the UK capital using Boeing 787-9 Dreamliners.
The 9,000 mile (14,498km) flight will take 17 hours.
Perth will be a hub for passengers from eastern Australia going to the UK, tourism minister Steven Ciobo said.
He also said the new service would boost employment and tourism in Australia, a sector growing three times faster than the rest of the national economy, and one that supports 580,000 jobs.
Mr Ciobo also said that the UK was Australia's third-largest source of international visitors, with 660,000 people travelling from there to Australia in 2015.
"When Qantas created the Kangaroo Route to London in 1947, it took four days and nine stops," Qantas chief executive officer Alan Joyce said.
"Now it will take just 17 hours from Perth non-stop."
He added: "The opportunities this opens up are huge.
"It's great news for travellers because it will make it easier to get to London. It's great news for Western Australia because it will bring jobs and tourism. And it's great news for the nation, because it will bring us closer to one of our biggest trade partners and sources of visitors."
The Boeing 787-9 Dreamliners used on the route will carry 236 passengers, Qantas said.
The new flights will make up the longest non-stop passenger route in the world.
The current longest non-stop scheduled flight is Emirates Airlines' 14,200-kilometre Dubai-to-Auckland, New Zealand, service, which takes 16 hours 35 minutes in an Airbus A380.
The first air travel connecting the UK to Australia began in 1935, flying passengers from Sydney to Singapore, where services linked with London-bound flights.
However, the journey time to London was 12 days and included a section on a train.
Qantas launched its pioneering weekly service on the Kangaroo Route on 1 December 1947, initially taking four days and carrying 29 passengers and 11 crew from Sydney to London.
The journey flew to Darwin, in northern Australia, and then on to Singapore, Calcutta in India, Karachi and Cairo, before it travelled to Tripoli, in Libya, and then on to London.
The announcement of the new route comes as Boeing also announced airline Iran Air was buying 80 of its passenger planes.
The 10-year deal includes the purchase of 50 Boeing 737 aircraft and 30 777 planes.
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Non-OPEC countries agree to cut oil production by 558,000 barrels per day www.rt.com

Non-OPEC countries agreed to cut oil production by 558,000 barrels per day (b/d) during a meeting with members of the Organization of Petroleum Exporting Countries (OPEC) in Vienna.
Among the non-OPEC participants at the meeting were 12 oil exporting countries – Azerbaijan, Oman, Mexico, Sudan, South Sudan, Bahrain, Malaysia, Equatorial Guinea, Bolivia, Kazakhstan and Russia.

The 558,000 b/d figure was voiced by Qatar's energy minister at a press conference following the six hour long talks.

OPEC members also confirmed their commitment to the plan to reduce the oil supply by 1.2 million b/d. This, together with the commitments made by non-OPEC states, would lead to the total reduction of oil production by about 1.7-1.8 million b/d, Russian Energy Minister Aleksandr Novak said at the press conference.

Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih told the press conference that 2017 would be a “good year” for the global oil market.

The parties to the negotiations also agreed to form a special group to monitor the observance of the agreement both by the OPEC and non-OPEC countries. The group would consist of three OPEC members and two non-OPEC countries, Novak said.

"This agreement cements and prepares us for long-term cooperation," Saudi Energy Minister Khalid al-Falih told reporters after the meeting, calling the deal "historic".

"Today's deal will speed up the oil market stabilisation, reduce volatility, attract new investments," Novak said.

The deal became the first such agreement between OPEC and non-OPEC countries since 2001. In April, OPEC and Russia tried to reach a deal on oil production which was cut during negotiations in Doha, but failed to come to an agreement, as Saudi Arabia sunk the deal at the last moment.

OPEC made a decision to cut its own output on November 30.

Following the decision, Saudi Arabia informed its customers in Europe and North America that it would cut its oil supply in January. According to PIRA Energy Group chairman Gary Ross, buyers of Saudi oil were informed that Riyadh wants to cut its production by 486,000 b/d to just over 10 million.

UAE then followed suit and also announced that it would take similar action.

While some non-OPEC countries are also expected to cut their oil production in January, others have said they might wait until October.

OPEC’s November decision put an end to the ’pump-at-will’ policy the group has conducted since 2014, which sent oil prices down from $100 a barrel to less than $50 a barrel. Now, both OPEC and non-OPEC oil exporters are trying to push prices up.

The market reacted to the November move with rising oil prices, which went up by 17 percent after the group announced its decision. The prices continued to go up on Friday amid speculation that non-OPEC countries would agree to cuts.

The projected reduction in oil production amounting to up to 1.8 billion b/d, that is set to follow the Saturday agreement and OPEC's November decision, would account for about two percent of the current global oil supply.

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China suspends coal imports from N.Korea www3.nhk.or.jp

The Chinese government announced it is suspending coal imports from North Korea for the rest of the year in line with the latest UN sanctions against Pyongyang. The trade has been the country's main source of revenue.

China's Ministry of Commerce released a statement on Saturday that the 3-week suspension starts on Sunday and ends on December 31st.

It says the decision was to implement a new sanctions resolution adopted by the UN Security Council on November 30th, in response to North Korea's 5th nuclear test in September.

The resolution slashes coal exports to less than half the current amount. China has been the main buyer.

Analysts say China is trying to demonstrate its resolve to adhere to the UN resolution.

But Beijing has yet to reveal its import quota for next year.

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Trump & Boeing: It's not about Air Force One, it's about China www.cnn.com

Boeing executives were blindsided by Donald Trump's Tuesday comments about the cost of Air Force One, but those weren't the tweets that worried America's largest exporter.
Many former and current Boeing executives say they're far more worried about Trump's antagonism toward China, the largest and most important growth market for the crown jewel of American manufacturing.
"The vulnerability to China is pretty clear," said one former senior Boeing executive.
In contrast to the long term stakes over Boeing's future in China, the flap over the cost of Air Force One lasted 24 hours.
Boeing would be a prime target in any retribution by China if Trump follows through on his campaign threat to impose a hefty tariff on Chinese imports.
A shift of orders to Airbus would likely cause a rippling drop in output for Boeing, a loss of jobs, and, crucially, a loss of market share that would give Airbus the ability to lower prices and win other deals.
One-quarter of the nearly 500 Boeing 737 jets delivered in 2015 went to Chinese airlines, serving a fast-growing middle class that's as large as the entire U.S. population. The market is worth a trillion dollars over the next 20 years.
Everyday, Boeing's factories are filled with colorful jets for Chinese airlines that Americans won't recognize: Xiamen, 9 air, Donghai, Ruili, Hainan, Hebei, Shandong and Shenzhen.
Boeing eyes China focus with new sales chief
Starting with the unexpected congratulatory phone call with the President of Taiwan in the days that preceded the Air Force One tweet, Trump upended decades of U.S. foreign policy that tiptoed around the nation's relationship with Taiwan.
The worry among current and former Boeing leaders is that increased antagonism toward China on trade or an even closer diplomatic posture toward Taiwan may have consequences for U.S. businesses - and Boeing has the most to lose.

"I think it's all uncharted waters," said one Boeing customer who rents planes to China. In trying to interpret Trump, "I think we're going to get it wrong for a while."
Boeing is no stranger to being caught in the middle of diplomatic tensions. A Boeing loss of a 2013 fighter deal in Brazil was largely attributed to leaked revelations that the U.S. had spied on the Brazilian president. U.S. and European sanctions on Russia in 2014 also threatened to disrupt the supply of Russian titanium used on Boeing's jetliners.
"China is a different ballgame," said the former executive and orders are very sensitive to geopolitics. The U.S. has a "very delicate tightrope to walk and not impact our ability to sell."
Boeing's position in the U.S. economy is without parallel. No other big company enjoys its unrivaled domestic monopoly status. It hasn't had a U.S. competitor since 1997 and the battlefield on which it fights European Airbus and a cadre of ascending players is global.
China to spend $1 trillion on 6,810 new aircraft
Traditionally, the President of the United States has been Boeing's biggest booster at home and abroad.
"I deserve a gold watch, because I'm selling this stuff all the time," President Obama told Boeing workers in 2012. "I will go anywhere in the world to open up new markets for American products."
And Obama has. Big Boeing orders have featured prominently as part of state visits between China and the U.S.
China has bet roughly equally on new airliners from Europe and the U.S. to build its airlines. At the same time, China is cultivating its own commercial airliner industry to one day compete with Boeing and Airbus.
Want to earn $300,000 tax free? Try flying a plane in China
Expanding manufacturing in a hot market is a hallmark of the global aerospace business. In the coming years, Boeing plans to open a facility near Shanghai to install airline cabins inside of 737s for China's airlines. Airbus already assembles competing A320 jets in China and recently opened a similar plant in the U.S.
Boeing has long said that it isn't opening final assembly plants outside the U.S. and the China facility and its plans there support thousands of jobs stateside with the increasing orders.
No date for its opening has been disclosed.

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Trade probes into Chinese steel up year-on-year: official www.chinadaily.com

BEIJING - Chinese steel saw more trade remedy probes during the first 11 months of 2016 than the previous year, an official said on Friday.

A total of 41 investigations were launched over steel products imported from China by 16 countries and regions, up 24 percent year on year, and involving products worth $6.8 billion, Shen Danyang, a spokesperson of the Ministry of Commerce, said during a press conference.

"Members of the World Trade Organization have the right to initiate such investigations, but they must strictly observe related rules and fully ensure the legal rights and interests of Chinese companies," Shen said.

Given the worldwide steel overcapacity, many countries have resorted to protectionism and blamed Chinese steel for their domestic economic woes, instead of pressing ahead with reforms.

"The world should work together to face the problem, rather than just targeting China," Shen said.

China has made steady headway in downsizing its own steel production. The industry slashed 45 million tonnes of capacity in the Jan.-Nov. period ahead of schedule, and regulators have shut down illegal projects and guaranteed there will not be any illegal new steel mills.

In fact, China digests most of its steel production. In the first ten months, China exported 92.63 million tons of steel, up only 0.5 percent from a year ago.

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Hitachi rolls out 1st train car at British factory www3.nhk.or.jp

Japanese electronics firm Hitachi has rolled out the first train car assembled at its factory in northern Britain.

The new train was unveiled at the plant in Newton Aycliffe on Friday at a ceremony attended by British government officials and media.

The train is designed to travel at around 200 kilometers per hour. It can carry diesel engines, which will enable it to run on non-electric tracks.

Hitachi built the factory last year after the firm won a contract worth about 7.1 billion dollars to manufacture 866 carriages. It will build most of the new carriages there.

British Transport Secretary Chris Grayling said the strength of the relationship with countries like Japan is vital for Britain after its exit from the European Union.

Hitachi executive Kentaro Masai said the success of the train will create new opportunities for the firm elsewhere in the country.

Hitachi is aiming to win other contracts for major rail projects in Britain, including one to build a large-scale high-speed rail network.

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Microsoft plans to win VR race www.chinadaily.com.cn

 
Virtual reality applications in China now exceed those in the United States MA SI
 
Microsoft Corp said on Thursday its mixed reality headset, called HoloLens, will come to China in the first half of 2017, as the United States tech giant steps up efforts to tap into the country's software developers and into local firms' desire to achieve digital transformation.
 
Terry Myerson, the executive vice-president of the Windows and Devices company at Microsoft, said the firm will launch HoloLens for Chinese developers and commercial customers. He did not disclose the specific price tag, just saying it will be around $3,000, roughly the same as in other countries.
 
"We believe China, or, broadly speaking, Asia, could be leading the world in terms of mixed reality. We are seeing more virtual-reality-enabled activities here than in the United States," Myerson said on the sidelines of a manufacturing partner conference in Shenzhen.
 
HoloLens allows users to view virtual objects and characters in the real life environment. Microsoft is competing with Google Inc-backed Magic Leap and other players in the race for lead in the nascent market.
 
The company also published technical specifications it co-developed with Intel Corp for PCs that can power headsets capable of mixed reality. Lenovo Group Holding Ltd, Dell Inc and other PC vendors will start shipping the first VR goggles next year.
 
These gadgets will come with the Windows 10 Creators Update, the latest version of its Windows operating system. And unlike other VR headsets, there will be no need for a separate room and complicated setup, Microsoft said.
 
James Yan, research director at Counterpoint Technology Market Research, said the move is part of Microsoft's broad efforts to build a virtual reality ecosystem.
 
"Microsoft has a dominant position in the PC operating system market, but it missed opportunities in smartphones. Now it is seeking to replicate its success in virtual reality gadgets," Yan said.
 
Asked when HoloLens will become available in the consumer market over the next three to five years, Myerson quoted Bill Gates. "We often overestimate what will happen in the next three years and underestimate what will change in the next 10 years."
 
Yan from Counterpoint said: "Currently, HoloLens is still too expensive for consumers. If the price is lowered to below 10,000 yuan ($1,470), it will gain an advantage," Yan said.
 
According to market research firm Net Applications, the Windows 10 operating system accounted for 23.7 percent of the PC market in October, a rise of 1.1 percentage points from the previous month.
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