1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Yahoo's Marissa Mayer to resign from board after Verizon deal closes www.reuters.com

Yahoo Inc (YHOO.O) said Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc (VZ.N).

Five other directors would also resign after the deal closes, Yahoo said in an filing on Monday. (bit.ly/2iXrbwn)

The company also named Eric Brandt chairman of the board, effective Jan. 9.

Verizon's $4.83 billion deal for Yahoo's core internet assets came under renewed scrutiny by federal investigators and lawmakers last month after Yahoo disclosed the largest known data breach in history.

Mayer said in July that she planned to stay at Yahoo through the transaction's close.

Yahoo said the remaining company would be renamed Altaba Inc after the deal closes.

(This version of the story corrects to "Mayer" from "Mayers" in headline)

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)

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Alibaba tells Trump about U.S. store plan for China e-shoppers www.reuters.com

Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce company's new plan to bring a million small U.S. businesses onto its platform to sell to Chinese consumers over the next five year, an Alibaba spokesman said.

Alibaba Group Holding Ltd (BABA.N) expects the initiative to create a million U.S. jobs as each company adds a position, company spokesman Bob Christie said in a phone call.

Trump and Ma emerged from their meeting at Trump Tower in New York together. The president-elect told reporters they had a "great meeting" and would do great things together. Ma called Trump "smart" and "open-minded." He said the two mainly discussed supporting small businesses, especially in the Midwest.

Ma said that businesses such as farmers and small clothing makers could tap the Chinese market directly through Alibaba.

He called the meeting with Trump "very productive."

"We mainly talked about small business and young people and American agriculture products to china. And we also think, that the China and U.S. relationship should be strengthened, should be more friendly," he said.

(Reporting by Peter Henderson, David Alexander, Doina Chiacu and Laila Kearney; Editing by Richard Chang)

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National Security Council of Mongolia to discuss UB pollution www.news.mn

The National Security Council of Mongolia is to hold an emergency meeting under the theme of ‘fighting against environment and air pollution of Ulaanbaatar’ on 10th of January. The council will discuss air and soil pollution in the Mongolian capital in a session behind closed doors.

In the last few years, smog and coal dust have increasingly blotted out the sky in Ulaanbaatar. This year has been particularly bad, as the man made pollution has combined with the coldest temperatures for a decade. The city's ubiquitous ‘ger districts' and the exhaust fumes from the growing number of motor vehicles on city’s roads are viewed as the chief culprits, as they also are in Beijing and New Delhi.

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Mars to buy pet health care provider VCA for $7.7 billion www.reuters.com

Candy and pet food maker Mars Inc said it would buy VCA Inc (WOOF.O), which runs hospitals for animals, for $7.7 billion.

Mars, the maker of Whiskas and Pedigree pet products, will pay $93 per share, a premium of 31.4 percent to VCA's Friday closing price.

The enterprise value of the deal is $9.1 billion including $1.4 billion in debt, the companies said in a statement on Monday.

VCA will operate as a separate business unit within Mars Petcare, the biggest pet food maker in the world.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)

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Japan's Takeda to buy U.S. cancer drug maker Ariad in $5.2 billion deal www.reuters.com

Japan's Takeda Pharmaceutical Co Ltd (4502.T) said on Monday it would buy cancer drug maker Ariad Pharmaceuticals Inc (ARIA.O) in a deal valued at $5.20 billion, to beef up its oncology pipeline.

Ariad stock was up 74.7 percent at $23.98 in premarket trading.

Takeda has agreed to pay $24 in cash for each Ariad share, a premium of about 75 percent to its Friday close.

Ariad's leukemia drug, Iclusig, which is expected to generate sales of $170 million-$180 million in 2016, came under fire in October for "staggering" price increases.

A U.S. Food and Drug Administration decision on its lung cancer treatment brigatinib, which is being touted as a potential blockbuster, is expected by April 29.

Cancer treatment is a target for many large drugmakers, with high prices being paid for promising assets, such as Medivation, which was bought by Pfizer Inc (PFE.N) for $14 billion.

Takeda's negotiations to acquire Valeant Pharmaceuticals International Inc's (VRX.TO) Salix stomach-drug business have stalled over price disagreements, Reuters reported in November, citing people familiar with the matter. reut.rs/2jkIbd9

The Ariad deal, which Takeda plans to fund by taking on $4 billion in new debt as well as existing cash, is expected to close by the end of February.

Ariad had long-term debt of about $522 million as of Sept. 30, according to a regulatory filing.

ALSO IN DEALS

The equity value of the deal, which is expected to add to Takeda earnings in 2018, is $4.66 billion, according to Reuters calculations.

(Reporting by Natalie Grover and Ankur Banerjee in Bengaluru; Editing by Shounak Dasgupta)

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FBI arrests Volkswagen executive on fraud charges: NYT www.reuters.com

The Federal Bureau of Investigation has arrested a Volkswagen AG (VOWG_p.DE) executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday.

Oliver Schmidt, who headed the company's regulatory compliance office in the U.S. from 2014 to March 2015, was arrested on Saturday by federal investigators in Florida, the newspaper said, citing people familiar with the matter. nyti.ms/2iTA73S

VW admitted in September 2015 to installing secret software known as "defeat devices" in 475,000 U.S. 2.0-liter diesel cars to cheat exhaust emissions tests and make them appear cleaner in testing. In reality, the vehicles emitted up to 40 times the legally allowable pollution levels.

Volkswagen declined to comment on the reported arrest.

"Volkswagen continues to cooperate with the Department of Justice as we work to resolve remaining matters in the United States. It would not be appropriate to comment on any ongoing investigations or to discuss personnel matters," it said.

The FBI was not immediately available for comment.

Schmidt is expected to be brought before court in Detroit on Monday, the NYT said.

Senior VW officials are not attending this year's Detroit auto show, which is taking place this week.

The news comes as Volkswagen was nearing a deal to resolve criminal and civil allegations over its diesel cheating, crucial steps toward moving past the scandal, which has cost it billions of dollars and its reputation.

(Reporting by Gaurika Juneja in Bengaluru and Edward Taylor in Frankfurt; Editing by Sunil Nair and Louise Heavens)

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Putin orders lending rate slashed for Russian regions www.rt.com

President Vladimir Putin has ordered the Central Bank of Russia to look at cutting the lending rate for the country’s regions.

"To recommend the Central Bank of Russia reassess the interest rates on loans provided to the subjects of the Russian Federation by lenders, and to take measures to cut them," said a statement on the Kremlin’s website.

Putin has given bankers two months until March 1 to cut the key rates. Russian Central Bank head Elvira Nabiullina, who was named as the best European central bank governor in 2016, has been given the task of seeing it through.

At the moment, Russia’s key annual rate is 10 percent, much lower than the 17 percent during the peak of the economic crisis, but much higher than in Western countries.

The Central Bank intends to cut inflation to four percent this year, and if “a sustainable decline in consumer price growth takes root, the Bank of Russia will consider cutting the key rate in the first half of 2017,” the lender said in December.

Also, the president instructed the Government to develop “a new mechanism for providing financial assistance to regional budgets on a gratuitous basis." This measure is intended to finance the debt of regions without boosting their public debt. Prime Minister Dmitry Medvedev was assigned the responsibility of putting the president’s order into practice.

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Jaguar Land Rover sells record 583,313 cars in 2016 www.reuters.com

Britain's biggest carmaker Jaguar Land Rover (JLR) (TAMO.NS) sold a record 583,312 cars last year as the Indian-owned firm continues its rapid expansion with the aim of building 1 million vehicles a year at the turn of the decade.

Sales were up 20 percent from the previous year, although sales growth slowed to 12 percent year-on-year in December, the carmaker said.

The automaker, which spent years in the doldrums before being bought by India's Tata in 2008, has since invested heavily in new models and expanded production with plants in China and Brazil and construction of a new site in Slovakia under way.

Sales of luxury Jaguar models rose 77 percent to 148,730 units in 2016 due to strong demand for a range of new high-end products including the F-PACE, the brand's first off-roader which was launched last year.

Europe was the carmaker's biggest overall market, accounting for almost a quarter of total demand.

The firm said its line-up will continue to expand but it has warned about the negative effect any tariffs on its business imposed as part of a Brexit deal could have if Britain were to lose unfettered access to the single market.

Its annual profit could be cut by 1 billion pounds ($1.23 billion) by 2020 if Britain returned to World Trade Organization rules for trade with the continent, two sources told Reuters last year.

(Reporting by Costas Pitas; Editing by Adrian Croft)

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Despite redesign, Camry’s reign as top-selling U.S. car in jeopardy www.asahi.com

DETROIT--America's favorite car is under attack.

The Toyota Camry has been the nation's top-selling vehicle for 15 years, if you exclude pickup trucks. Now it's in danger of losing its crown, a potential victim of the SUV craze. And even a much-anticipated revamp to be unveiled Monday may not be enough to keep the competition at bay.

Toyota's own RAV4 small SUV and Honda's CR-V have racked up impressive sales gains as buyers shift away from passenger cars toward the higher-sitting and more versatile SUVs. The CR-V, for instance, outsold the Camry for an uncharacteristic five months last year.

The Camry, last reworked four years ago, has made a living by being a solidly reliable if dull ride for people who simply want to get from place to place. It's not much fun to drive, and in the past its looks were compared to an appliance by some analysts. Although styling has improved, it's still square-looking when compared to competitors such as the Honda Accord or Chevrolet Malibu.

Toyota promises big changes when it shows off the eighth-generation Camry at Detroit's auto show. Few details have been released, but executives say the 2018 Camry will get a more rounded look. New engines and transmissions are expected with sportier handling.

Dealers have heard this before. Toyota promised big changes with a 2013 model year redesign, but executives conceded they didn't want too much change, fearing that they'd alienate loyal Camry buyers.

Stu Stewart, general manager of his family's Toyota dealership in North Palm Beach, Florida, says close-up pictures of the new car he saw at a recent dealer meeting give him hope that this version will live up to its billing. "I'm excited to see something pretty sporty," he says.

But a sportier look may be too little to help the Camry or any midsize car given the seismic consumer shift to SUVs.

Five years ago, midsize cars made up 15.8 percent of U.S. auto sales, says Tom Libby, an industry analyst with IHS Markit. This year the market share fell more than three percentage points to 12.5. During the same five years, small SUVs rose from 12.7 percent of U.S. sales to 18.7 percent, Libby says.

A Camry with nicer styling, improved engines and reduced weight for better fuel economy will help, but Libby sees no sign of the trend away from cars changing. "That's all they can do," he says of Toyota, adding that the company must be prepared should the market shift back, perhaps if gas prices shoot higher.

The midsize car market is still huge, Libby says. Although sales fell more than 8 percent last year, Americans still bought over 3.2 million of them. Toyota sold more than 400,000 Camrys annually from 2012 to 2015, but sales dropped 9.5 percent to about 389,000 last year, according to Ward's Automotive. By comparison sales of the RAV4 rose almost 12 percent in 2016 to 352,000, while Honda's CR-V posted a 3 percent gain to just over 357,000. If Camry sales this year fall by the same amount as 2016, and the CR-V and RAV4 grow even slightly, both will pass the Camry.

Michael Kranjec, sales manager at Adams Toyota in Lee's Summit, Missouri, near Kansas City, says that in the past, Toyota has discounted the Camry to keep it No. 1. But with the market shift, he doubts that will be enough in the future.

Still, he hopes Toyota will set the Camry apart from competitors, which he says all look alike. "I'm hoping it's waking up some of the designers," he said.

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Citic, Carlyle to buy stake in McDonald's China, HK businesses for $2.08 billion www.reuters.com

Citic Ltd (0267.HK) and Carlyle Group LP (CG.O) would buy a majority interest in McDonald's Corp's (MCD.N) mainland China and Hong Kong businesses for $2.08 billion, the companies said.

Citic Ltd and Citic Capital will have a stake of 52 percent, while Carlyle and McDonald's will own 28 percent and 20 percent, respectively in the businesses.

Reuters reported in December that McDonald's was looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores.

(Reporting By Rushil Dutta in Bengaluru; Editing by Gopakumar Warrier)

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