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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S Korea sees largest protests against President Park Geun-hye www.bbc.com

Huge rallies have been held across South Korea for what is thought to be the largest protests so far demanding President Park Geun-hye steps down.
Ms Park is accused of allowing her friend, Choi Soon-sil, to manipulate power from behind the scenes.
The president has apologised twice, but has so far resisted calls to resign.
Organisers said 1.5 million were in Seoul, and another 400,000 in other regions of the country. Police put the turnout in the capital at 270,000.
About 25,000 officers were deployed in Seoul but there were no reports of violence.

The protests, which began five weeks ago, were the largest in South Korea since pro-democracy demonstrations of the 1980s.
Those attending on Saturday came from a cross-section of South Korean society, with farmers, Buddhist monks and university students all involved.

"I was watching the news and thought this cannot go on - people really want her to step down but she hasn't," one of the protesters, Kwak Bo-youn, told Reuters.
"This is the second time for me to the protests, but the first time for my husband and kids."
Ms Park, whose approval rating has dropped to 5%, apologised earlier this month for putting "too much faith in a personal relationship", and has pledged to co-operate in an official investigation into the scandal.
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 the scandal, it is possible she could be impeached for breaking the law.
Prosecutors are expected to bring charges against Ms Choi, along with two former presidential aides. She was arrested earlier this month.
Ms Choi is accused of trying to extort huge sums of money from South Korean companies, and suspected of using her friendship with Ms Park to solicit business donations for a non-profit fund she controlled.

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Egypt to expand Russian industrial zone in Suez www.rt.com

The area of the Russian industrial park on the Suez Canal is to be expanded from 80 to 2,000 hectares (20 sq. km.), said Russia’s Industry and Trade Minister Denis Manturov.
DalshRussia plans $4.6bn investment in Egypt’s industrial zone
"Egypt’s President Abdel Fattah al-Sisi has decided to allocate 80 hectares to us in the eastern part of Port Said on the Suez Canal. In the future Cairo is ready to expand this zone to 2,000 hectares," Manturov said on Friday.

Manturov says work on the intergovernmental agreement may be finished in the first quarter of 2017. Construction of the industrial park will start in 2018.

The decision to build a Russian industrial zone in Egypt was agreed by President Vladimir Putin and his Egyptian counterpart in 2014. Negotiations were temporarily frozen after a Russian airliner was blown up by terrorists over the Sinai Peninsula in October 2015.

The new industrial zone will have a friendlier tax regime for resident Russian firms. It is expected to provide 77,000 jobs, and the companies expect revenues to reach $11.6 billion. The tax rate for businesses in the project and personal income tax will be 10 percent. Sales tax will be abolished.

Russian companies will design and construct the industrial facilities, jointly produce and supply various types of equipment, and provide the necessary technical assistance.

It is estimated around $4.6 billion will be invested in the construction of the industrial park by 2035.

Two years ago Egypt announced the modernization of the Suez Canal, which is one of the world's major transportation routes. Originally, it was planned to complete the work in three years, but later it was reduced to 12 months. The new Suez Canal will include a vast range of services, as well as several industrial parks, including Russian, Chinese and Italian.

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France says au revoir to top earners www.rt.com

A new report from the French Parliament's Finance Commission shows thousands of France’s top earners are leaving the country.

More than 4,000 households left France in 2014 (it’s the most recent year with available statistics), according to Les Echos newspaper which has obtained the report.

For those earning over €100,000 the trend has continued since 2007.

In 2014, about 589 people earning over €300,000 a year left the country. The figure was down from 659 the year before.

For those earning €700,000 or more per year, 127 people said ‘au revoir’ to France in 2014, down from 179 people a year earlier.

Experts cite France’s relatively high tax rate as one of the main reasons for the outflow of millionaires. Taxes were significantly increased in 2012 with a 'supertax' of 75 percent on the rich which was meant to force the wealthy help the country out of the economic crisis. The unpopular measure was introduced by France’s President Francois Hollande, but two years later the supertax was adjusted to a 50 percent rate due to accusations of it being anti-business.

The report, however, found that over half the top earners leave France for "professional reasons," while 30 percent move for personal or family reasons.

Some other studies also show the massive exodus was more likely linked with a new job, a change of scene, or for family reasons. Very few high earners blamed taxes for causing them to move.

Last month’s study from the Ipsos research company revealed the French are more pessimistic about the future of their country than anyone else in the world. A total of 88 percent of respondents said the country was heading down the wrong path. They considered terrorism to be the "most worrying topic" in France, followed by unemployment, taxes, and poverty/social inequality.

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Kuwaitis vote in austerity-focused poll, energized by opposition www.reuters.com

Kuwaitis voted on Saturday in an election energized by the participation of opposition candidates for the first time since 2012 and focused on recent government austerity measures aimed at tackling the oil-rich nation's deficit.

The parliament of Western-allied Kuwait was due to run until July 2017, but the emir, Sheikh Sabah al-Ahmad al-Sabah, dissolved it in October, saying "security challenges" in the region - an apparent reference to wars in Iraq and Syria - should be met by consulting the popular will.

More than 290 candidates, including 14 women, are standing for 50 seats in an assembly that enjoys legislative powers but has often been at odds with the government of one of the world's wealthiest countries, thwarting attempts to strengthen fiscal discipline.

Turnout appeared to be low in the first few hours after polls opened but officials said they expected a pick up before they close at 2000 local (1700 GMT). Many of the voters who cast their ballot after polls opened at 0800 (0500 GMT) said they hoped the election would inject new blood into parliament.

"I hope we will have a better parliament than the previous one," said a 22-year-old Islamic Waqf Affairs ministry employee after she voted for the first time at a girls' school in the upper middle class al-Rawda district in southern Kuwait City.

"We want young men who can help turn Kuwait into a financial and commercial hub, and who can help give people their rights without the help of influential people," said Amal Abul, 45, a department head at the education ministry.

The opposition, comprising Islamists, liberals and pan-Arabists, won a majority in the February 2012 election but boycotted another in December that year over changes to voting rules that activists said favored pro-government candidates.

AUSTERITY MEASURES

Campaigning has focused mainly on austerity measures adopted in the past year after officials forecast a deficit of 9.5 billion dinars ($31 billion) for the 2016/17 fiscal year. The OPEC state relies on oil for about 90 percent of its revenues.

Although the deficit is likely to be smaller than forecast as it was based on an oil price of $25 a barrel, many Kuwaitis fear the government will try to raise prices further and cut many of the perks they have enjoyed for decades, including free health care, education, subsidized basic products, free housing or land plots and interest-free loans to many citizens.

The cabinet has approved economic reforms, including increasing gasoline prices by as much as 80 percent.

"The raising of fuel prices and electricity prices has severely hurt citizens," 23-year-old Abdallah, said after he cast his ballot at a public school in the upper middle class al-Rawda district in Kuwait City.

Kuwait, a U.S. ally occupied by Iraq in 1990-91, has relatively open politics by Gulf standards and has avoided the protests that have rocked several Arab states since 2011.

But a series of assemblies have been dissolved due to power struggles between the opposition and the cabinet, in which the ruling family holds top posts.

While the assembly can pass legislation and question ministers, the emir has the final say and picks a prime minister who selects a cabinet.

Amal al-Jarallah, a 50-year-old Education Department employee, said she wanted to see MPs try to improve health and education standards and help working mothers.

Asked if she wanted to see women in parliament, she said: "If they are qualified, yes. But that is not an issue."

(Writing by Sami Aboudi; Editing by Alexander Smith)

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

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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Cuba's Fidel Castro, former president, dies aged 90 www.bbc.com

Fidel Castro, Cuba's former president and leader of the Communist revolution, has died aged 90, his brother Raul has announced.
"The commander in chief of the Cuban revolution died at 22:29 hours this evening," President Raul Castro said.
Fidel Castro ruled Cuba as a one-party state for almost 50 years before Raul took over in 2008.
His supporters said he had given Cuba back to the people. But he was also accused of suppressing opposition.

Ashen and grave, President Castro told the nation in a late night broadcast on state television that Fidel Castro had died and would be cremated on Saturday.
There would now be several days of national mourning on the island.
Barring the occasional newspaper column, Fidel Castro had essentially been retired from political life for some time, the BBC's Will Grant in Havana reports.
In April, Fidel Castro gave a rare speech on the final day of the country's Communist Party congress.
He acknowledged his advanced age but said Cuban communist concepts were still valid and the Cuban people "will be victorious".

"I'll soon be 90," the former president said, adding that this was "something I'd never imagined".
"Soon I'll be like all the others, "to all our turn must come," Fidel Castro said.

1926: Born in the south-eastern Oriente Province of Cuba
1953: Imprisoned after leading an unsuccessful rising against Batista's regime
1955: Released from prison under an amnesty deal
1956: With Che Guevara, begins a guerrilla war against the government
1959: Defeats Batista, sworn in as prime minister of Cuba
1961: Fights off CIA-sponsored Bay of Pigs invasion by Cuban exiles
1962: Sparks Cuban missile crisis by agreeing that USSR can deploy nuclear missiles in Cuba
1976: Elected president by Cuba's National Assembly
1992: Reaches an agreement with US over Cuban refugees
2008: Stands down as president of Cuba due to health issues
Throughout the Cold War, Fidel Castro was Washington's bete noire.
An accomplished tactician on the battlefield, he and his small army of guerrillas overthrew the military leader Fulgencio Batista in 1959 to widespread popular support.
Within two years of taking power, he declared the revolution to be Marxist-Leninist in nature and allied the island nation firmly to the Soviet Union.
Yet, despite the constant threat of a US invasion as well as the long-standing economic embargo on the island, Castro managed to maintain a communist revolution in a nation just 90 miles off the coast of Florida.
Despised by his critics as much as he was revered by his followers, he outlasted ten US presidents and defied scores of attempts on his life by the CIA.

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NY shares renew record closing highs www3.nhk.or.jp

Key US stock indexes renewed their record closing highs on Friday due to hopes for the year-end shopping season.

The Dow Jones Industrial Average closed at 19,152, marking a new record for the 4th straight trading day. That's up 68 points, or 0.36 percent, from the last trading session on Wednesday. Markets were shut on Thursday for the Thanksgiving holiday.

The tech-heavy Nasdaq Composite also rose 18 points, or 0.34 percent, to finish at a record 5,398.

Investors placed buy orders as major department stores and other retailers logged brisk sales on Thursday, when the year-end shopping season began in full swing.

Market players say expectations for President-elect Donald Trump are another factor behind increasingly solid personal consumption in the US.

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Putin presents Russian passport to Hollywood actor Seagal www.reuters.com

Russian President Vladimir Putin on Friday presented a Russian passport to U.S. actor Steven Seagal, and said he hoped it would serve as a symbol of how the fractious ties between Moscow and Washington are starting to improve.

At a ceremony where Seagal signed his new passport in front of Putin, the Russian leader said: "I want to congratulate you and express the hope that this is another, albeit small, gesture and it might be a sign of the gradual normalization of relations between our countries."

(Reporting by Christian Lowe; Editing by Vladimir Soldatkin)

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Tony Blair says Brexit can be stopped www.cnn.com

Tony Blair says that Britain's departure from the European Union is not etched in stone.
In an interview with the New Statesman, the former British prime minister said the process could be halted.
"It can be stopped if the British people decide that, having seen what it means, the pain-gain cost-benefit analysis doesn't stack up," Blair told the magazine.
The former Labour Party boss believes that parliament -- or the British people -- will in the end be allowed to pass judgment on the specific exit deal negotiated with the EU.
That puts him at odds with Prime Minister Theresa May, who has rejected calls for a second referendum, while insisting that "Brexit means Brexit." She's also appealing a court ruling that parliament should have a vote before the formal exit negotiations begin.
May has committed to triggering the legal exit process by the end of March. That will set off two years of frantic negotiations over the terms of Britain's exit from the trading bloc.
Blair makes the case for a public evaluation of whatever deal is negotiated. Will Britain retain access to the EU's giant free trade area? Or will it be forced to go it alone and negotiate new trade deals with Europe and the rest of the world?
"Why wouldn't you keep your options open? Why wouldn't you say, 'We took this decision, we took it before we saw what its consequences are; now we see its consequences, we're not so sure?' " he asked.

The public got its first official look at the cost of Brexit on Wednesday. The U.K. will be forced to borrow an extra £58.7 billion ($72.6 billion) over the next five years because of an economic slowdown triggered by the exit, according to estimates published by the Office of Budget Responsibility.
The independent government agency said growth will slump to just 1.4% next year -- the weakest rate since 2009.
Blair, who has expressed a desire to reengage in policy debates in the U.K., cited the example of a deal offered to Nissan (NSANY) following the referendum. In exchange for continued investment in the U.K., May is believed to have offered the Japanese automaker certain commitments.
But the specifics of the deal remain a closely held government secret.
"I don't know what the terms of that deal are, but we should know," Blair said. "Because that will tell us a lot about what [the government is] prepared to concede in order to keep access to the [EU] single market."

Blair won three consecutive general elections, the last in 2005. He was the Labour Party's longest serving prime minister but faced fierce criticism over his decision to join the U.S.-led invasion of Iraq in March 2003.
Now he is intent on returning to policy debates by leading a resurgence of the center-left.
"You've got to learn the right lessons of Brexit, Trump and these popular movements across the Western world," he said. "Otherwise you're going to end up in a situation where you seriously think that the populism of the left is going to defeat the populism of the right. It absolutely won't."

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Asahi to produce beer in Europe www3.nhk.or.jp

Asahi Group Holdings is set to become Japan's first beer maker to produce a flagship product in Europe.

President Akiyoshi Koji has told reporters the company will start brewing its "Super Dry" beer at factories in Italy and the Netherlands in 2018.

Asahi purchased 4 European beer brands last month for about 2.6 billion dollars. They include Birra Peroni in Italy and Royal Grolsch in the Netherlands.

Company officials say they want to strengthen their brand overseas by doubling sales of its mainstay product in Europe.

Japan's beer market is steadily drying up, and that has prompted the company to look abroad.

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