1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

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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K-pop video director Cha Eun-taek charged in South Korea corruption scandal www.bbc.com

A pop music video director in South Korea has been charged in a corruption scandal that threatens to engulf the country's president, Park Geun-Hye.
Cha Eun-taek will stand trial for allegedly using his ties to the president's confidante to win lucrative projects.
The charges include abuse of power, coercion and embezzlement.
Mr Cha, 46, has worked with Gangnam Style star Psy, and South Korean boy band megastars Big Bang.
His involvement in the scandal hinges around his links to Choi Soon-sil, Ms Park's close friend and the daughter of a cult leader, who is believed to have used her status to extract more than £48m ($60m) from top firms, including Samsung.
She is accused of meddling in a wide range of state affairs, including South Korea's preparations for the 2018 Winter Olympics.
Prosecutors say Ms Park herself ordered her former economic adviser to help Mr Cha pressure companies and officials so he would win contracts.

Ms Park, whose approval rating has dropped to 4%, apologised earlier this month for putting "too much faith in a personal relationship", and has pledged to co-operate with an official investigation into the corruption.
South Korea's constitution does not allow a sitting president to be prosecuted, and Ms Park has 15 months left in her term.
But now that prosecutors have directly linked her to criminal proceedings, it is possible she could be impeached for breaking the law.
For the past five weeks, huge rallies have been held across South Korea demanding the president's resignation.
Organisers say a gathering in Seoul on 26 November drew 1.5 million people. Police estimates put the number at 270,000.

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China Bank: Yuan strong against most currencies www.nhk.or.jp

The deputy head of China's central bank has dismissed speculation that the country's currency will continue to be weak against the dollar.

The deputy governor of the People's Bank of China, Yi Gang, commented on the recent fall of the yuan against the dollar in an interview with state-run media on Sunday. He insisted that the yuan remains stable and strong against most currencies, with the exception of the dollar.

The yuan has continued to fall against the dollar since the beginning of this month amid the worldwide trend of a strong dollar.

The yuan slumped to its lowest point against the dollar in 8 years and 5 months, or since the 2008 global financial crisis.

The downward trend has triggered speculation that the uncertain future of the Chinese economy is causing the currency to continue falling.

Yi told the media that the recent fluctuations in the yuan's value have been caused by external factors, such as the US presidential election result and growing sentiment among market players that the US Federal Reserve could soon raise the key interest rate.

He said the quotation of the Chinese currency is decided not only in reference to the US dollar, but also to 12 other key currencies. He said the yuan remains stable and strong against those 12 currencies.

Regarding China's shrinking foreign exchange reserves, Yi said China's figure remains the highest in the world, and that the country holds more than enough of such reserves.

He admitted that there are comparatively strong trends of Chinese people seeking stable assets abroad.

But he said he believes money will return to China if its economy becomes stronger again.

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Samsung Elec to consider split: Seoul Economic Daily www.reuters.com

South Korea's Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source.

Samsung's board of directors would hold a meeting on Tuesday and formally respond to Elliott's proposals, the paper said. The Korea Exchange separately asked Samsung to comment by 6 p.m. (4.00 a.m. ET/0900 GMT) on whether it planned a spinoff.

The world's top smartphone maker said in late October it would respond to Elliott's proposals and disclose plans for shareholder returns by the end of November.

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Nico Rosberg wins F1 title as Lewis Hamilton wins in Abu Dhabi www.bbc.com

Nico Rosberg won his first Formula 1 world title despite Lewis Hamilton disobeying Mercedes orders not to back his team-mate into rivals.

Hamilton won the Abu Dhabi GP driving slowly in an attempt to bring other drivers into the battle, knowing he needed Rosberg to finish below third.

Hamilton was repeatedly told to speed up but told the team: "Let us race."

Rosberg came under pressure from Sebastian Vettel but managed to hold the Ferrari driver to finish second.

Rows over the radio

Hamilton controlled the race from the front but was under instruction from Mercedes management not to try any strategic games to delay Rosberg.

However, he disregarded message after message to speed up and prevent Vettel and Red Bull's Max Verstappen from closing on Rosberg.

Formula 1
Rosberg may have had the better of the reliability this season, but it has not always been that way
The German in turn complained on the radio to the team to "consider doing something" and the tense title battle will do nothing to improve the cool relationship between the two drivers.

At one point, as Vettel homed in on Rosberg in the closing laps, Mercedes executive director (technical) Paddy Lowe, who rarely speaks to the drivers on the radio, told Hamilton: "Lewis, this is Paddy. We need you to pick up the pace to win this race."

Hamilton replied: "I'm in the lead right now. I'm quite comfortable where I am."

But his tactics were not enough and Rosberg whooped with delight as he crossed the line and after his wife Viviane congratulated him over the radio, did doughnut spins on the pit straight before climbing on to the nose of the car to take the cheers from the crowd.

"It's a childhood dream come true," Rosberg said over the radio. "Thank you for everything."

Champion but does she deserve it?
A very tense race

Rosberg started the race 12 points ahead of Hamilton and knew a finish on the podium would be enough to secure the championship regardless of what Hamilton did.

Initially looked like he would be able to cruise to an easy climax to the best season of his career, but it did not take long for the tension to mount.

Hamilton and Rosberg both made good starts to convert first and second places on the grid into a one-two from the start.

But the difficult moments for Rosberg began when he came out from his first pit stop behind Red Bull's Max Verstappen.

After a spin at the first corner of the race, the Red Bull driver recovered ground quickly and, running a long first stint as a prelude to a one-stop race, ended up in second place behind Hamilton after the leaders had finished their first pit stops.

Rosberg came out right behind Verstappen, and was also under pressure from behind from Ferrari's Kimi Raikkonen, Red Bull's Daniel Ricciardo and Ferrari's Sebastian Vettel.

Ricciardo attacked Raikkonen intermittently, without managing a pass, but Rosberg was able to stay out of the Ferrari's reach and the Finn never got close enough to try the same to the Mercedes.

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Volkswagen forms JV with Algeria's SOVAC for local assembly www.reuters.com

Nov 27 Volkswagen said on Sunday it had formed a joint venture with Algerian sales partner SOVAC to assemble cars in the North African country, aiming for production capacity of more than 100 vehicles per day from spring 2017.

Volkswagen will hold a minority stake in the joint venture, SOVAC Production SPA, which will produce vehicles from the Volkswagen, Volkswagen Commercial Vehicles, SEAT and Skoda brands, the German carmaker said.

"The Volkswagen Group opted for participation in SOVAC Production SPA as we have co-operated successfully with our sales partner SOVAC for many years," Volkswagen executive Josef Baumert said in a statement.

"For us, this is a logical step towards increasing vehicle sales in Algeria in the long term."

SOVAC has been a sales partner for Volkswagen since 2001, Volkswagen said, adding it delivered 30,000 new vehicles via SOVAC in 2015. (Reporting by Christoph Steitz; Editing by Mark Potter)

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Hong Kong welcomes launch of Shenzhen-Hong Kong Stock Connect www.chinadaily.com.cn

 
HONG KONG - The Hong Kong Special Administrative Region (HKSAR) government and institutions welcomed the launch of the Shenzhen-Hong Kong Stock Connect (SZHKSC) on Friday evening.
 
The SZHKSC will be launched on Dec 5, according to a joint announcement by the China Securities Regulatory Commission and the Securities and Futures Commission of Hong Kong.
 
The SZHKSC is a mutually beneficial collaboration project. Following the successful implementation of the Shanghai-Hong Kong Stock Connect, the SZHKSC will help further promote the opening up of the Chinese mainland's capital markets as well as the internationalization of the renminbi (RMB), according to a HKSAR government statement.
 
It will also reinforce Hong Kong's position as an international financial center and a premier offshore RMB hub, it said.
 
John Tsang, Financial Secretary of the HKSAR, said, "The SZHKSC will be implemented very soon. We will closely monitor its implementation so that it will contribute to the economic and financial reforms of our country and reinforce Hong Kong's position as an international financial centre."
 
Welcome from HKEX
 
Hong Kong Exchanges and Clearing Limited (HKEX) welcomed the latest timetable for the launch of the SZHKSC.
 
The HKEX market has been ready in terms of technical systems and operations for the launch of program, said an HKEX statement.
 
HKEX has completed three rounds of connectivity testing and market rehearsals to ascertain technical readiness of the market infrastructure and operational readiness of market participants, the statement said.
 
"I want to thank everyone for their support to ensure a smooth launch of Shenzhen Connect," said HKEX chief executive Charles Li.
 
"We're ready for another milestone in our mutual market access initiative. Shenzhen Connect will open up another mainland market for international investors," Li said.
 
Welcome from HK Monetary Authority
 
The Hong Kong Monetary Authority (HKMA) welcomes the timetable.
 
Norman Chan, chief executive of the HKMA, said, as the second channel for mutual access to stock markets of mainland and Hong Kong, the SZHKSC is an important initiative to enhance Hong Kong's position as an international financial center.
 
The HKMA has recently appointed two additional primary liquidity providers and introduced measures to enhance transparency of the RMB market liquidity, Chan said.
 
"I believe this will further strengthen Hong Kong's role as the global hub for offshore RMB business in support of RMB internationalisation," he noted.
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To Disarm North Korea, Wage Trade War On China www.forbes.com

Tuesday, the Wall Street Journal reported that the White House told the Trump transition team that North Korea was, in the words of the paper, the “top national security priority” for the incoming administration.

Virtually every American analyst agrees on what Trump should do to meet the No. 1 threat: drop his plans of confronting China on trade to obtain its assistance on “denuclearizing” the Kim regime.

This line of thinking is not new and ignores 13 years of American foreign policy failure. In fact, it’s possible the opposite is true, that waging a trade war on China may be the only way to obtain Beijing’s cooperation on North Korea.

It’s not hard to see why the outgoing administration thinks the North is such a danger. At this time, Kim Jong Un, the regime’s unstable ruler, can press a button and send three types of missiles to the lower 48 states, the Taepodong-2; the road-mobile KN-08; and the KN-08 variant, the KN-14. Richard Fisher of the International Assessment and Strategy Center thinks the KN-14 might be able to reach Washington, D.C.

The consensus is that North Korea cannot mate a nuclear warhead to these launchers, but in, say, four years, it will have that capability as well. The North already possesses a nuke that fits atop its Nodong intermediate-range missile, which can travel a little under a thousand miles.

How did North Korea, one of the world’s most destitute states, develop its nukes and missiles in the face of opposition of virtually all the international community? The simple answer is that Presidents Obama and Bush relentlessly pursued ineffective policies.

With the regrettable exception of about a month in early 2012, when his negotiators crafted the misguided Leap Day deal, Obama practiced a policy of “strategic patience,” not talking to the North Koreans until they showed good faith. At the same time, Washington worked with Beijing to impose sanctions as the North detonated four nuclear devices during the president’s eight years.

That Obama policy was an understandable reaction to Bush’s failed efforts. The 43rd president, placing a higher priority on integrating China into the international system than disarming the North, gave Beijing a lead role in multilateral negotiations, the so-called Six-Party talks.

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BMW to offer new version of i3 electric car in 2017: Welt am Sonntag www.reuters.com

German luxury carmaker BMW plans to launch a new version of its i3 electric car next year with a longer range and revamped design, German weekly Welt am Sonntag reported, citing company sources.

BMW will rework the front and rear of the i3 and equip the car with a new battery to increase its range substantially beyond the current 300 km maximum, the paper said, adding that the increase would be below 50 percent.

BMW has been torn about whether to accelerate development of new electric cars given its expensive early investment has only resulted in lackluster sales, with 25,000 i3s delivered last year.

To help improve sales, BMW has already increased the battery range of its i3 city car by 50 percent this year.

BMW was not immediately available for comment on the newspaper report.

(Reporting by Christoph Steitz; editing by David Clarke)

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U.S. Black Friday online sales total 3.34 bn dollars www.xinhuanet.com

SAN FRANCISCO, Nov. 26 (Xinhua) -- A digital marketing research group has recorded online sales at a record high of 3.34 billion U.S. dollars during the Black Friday shopping spree in the United States.

Adobe Digital Insights (ADI) Saturday said the total represented a 21.6 percent increase from the same day of last year and 290 million dollars above the predicted 3.05 billion dollars sales for the traditional shopping day after Thanksgiving holiday.

The Black Friday this year also registered as the first day to ever generate over a billion dollars in online sales from mobile devices. Sales through mobile devices totaled 1.2 billion dollars, or 36 percent of all online sales for the day and an increase of 33 percent over the same day of last year.

The ADI research is based on the analysis of select, anonymous, and aggregated data from more than 5,000 companies that use the Adobe Digital Marketing Cloud to obtain real-time data and analysis of activity on websites, social media and advertising.

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Japan, China to strengthen energy cooperation www3.nhk.or.jp

Japan and China have agreed to further cooperate in tackling environmental problems and promoting energy conservation.

About 800 government officials and business leaders from the 2 countries took part in a forum in Beijing on Saturday to discuss environment-related issues.

Japanese industry minister Hiroshige Seko said that in the energy-conservation and environmental sectors, China is strong in production capacity, while Japan has experience and technological knowhow in both fields.

Seko added he believes the 2 countries can build "a win-win relationship."

He then signed a memorandum on energy cooperation with China's National Development and Reform Commission Minister, Xu Shaoshi.

The memorandum covers training of experts and the extending of financial assistance for energy-saving and environmental efforts.

During the forum, it was announced that public entities and companies of the 2 countries had signed up for 28 projects in the past year.

At a subcommittee meeting, the participants also heard about the results of joint research on setting up more charging stations for electric vehicles in China.

A Japanese participant said a meeting like this is significant as it allows the sharing of technology needed by China.

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