1 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      2 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      3 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      4 RUSSIA & UNITED STATES CAN COMPETE & WORK TOGETHER IN ENERGY MARKET - PUTIN WWW.RT.COM PUBLISHED:2018/07/17      5 TESLA IS GETTING A CHINA FACTORY. THIS $4 BILLION STARTUP WILL BE WAITING WWW.BLOOMBERGTV.MN PUBLISHED:2018/07/17      6 HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE WWW.MINING.COM PUBLISHED:2018/07/17      7 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      8 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      9 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      10 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      ОЛОН УЛСЫН ИННОВАЦИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 53-Т ЖАГСЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/17     ШАДАР САЙД НҮБ-ЫН ӨНДӨР ТҮВШНИЙ УУЛЗАЛТАД ОРОЛЦОЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     "ТАВАНТОЛГОЙ"-Н ТӨМӨР ЗАМЫН ТӨСӨЛ УРАГШЛАХ ЭСЭХ НЬ SHENHUA-ГААС ШАЛТГААЛАХААР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/17     ХӨШИГИЙН ХӨНДИЙН НИСЭХ БУУДАЛД 5.3 ТЭРБУМ ТӨГРӨГИЙН ҮНЭ БҮХИЙ ЦАЦРАГИЙН ХЯНАЛТЫН ТӨХӨӨРӨМЖ СУУРИЛУУЛНА WWW.DNN.MN НИЙТЭЛСЭН:2018/07/17     2017 ОНЫ САНХҮҮГИЙН НЭГДСЭН ТАЙЛАН ЗӨРЧИЛГҮЙ ДҮГНЭГДЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/17     2018 ОНЫ ЭХНИЙ ХАГАСТ ХЯТАДЫН ДНБ 6,8 ХУВИАР ӨСЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     МОНГОЛ УЛС ЯПОН УЛСАД 100 МЯНГАН АМ.ДОЛЛАРЫН ХҮМҮҮНЛЭГИЙН ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     ОУВС-ГААС МАНАЙ УЛС 184.5 САЯ ДОЛЛАРЫН САНХҮҮЖИЛТ АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Dentsu buying Merkle to boost global marketing www.asia.nikkei.com

TOKYO -- Dentsu, Japan's biggest advertising agency, will acquire a majority stake in U.S. data marketing firm Merkle to boost its global marketing operations by taking advantage of the Baltimore-based company's expertise in customer data analysis.
 
Dentsu will buy Merkle shares from Technology Crossover Ventures, an American investment fund for information technology businesses, and other shareholders through its wholly owned British subsidiary Dentsu Aegis Network, the Tokyo-based company said Monday in the U.S. It did not disclose the value of the deal.
 
The transaction is expected to be completed by the end of September. Merkle's founder, management and employees will retain their shares in the company.
 
Merkle logged $436 million in sales last year. It has more than 3,400 employees and 21 operational outlets across the world.
 
The company offers data-based marketing strategies mainly to big businesses seeking such benefits as reinforcing relations with customers and improving the cost-effectiveness of marketing.
 
Dentsu has been on a buying spree, with Dentsu Aegis purchasing more than 80 companies in the past three years. The latest acquisitions include Gyro, a U.S. business-to-business advertising agency, and WIS Performance Media, a Taiwanese electronic advertising company.
 
The Merkle deal is the biggest acquisition by far for Dentsu Aegis and is expected to expand the company's scale of operations and range of services, Dentsu said.
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Alibaba develops VR mobile pay technology www.chinadaily.com

Alibaba Group Holding Ltd said it is developing virtual-reality-enabled mobile payment technology-as the e-commerce giant bets big on VR-driven shopping for future growth and is wrestling with arch rival Tencent Holdings Ltd for supremacy in the booming digital payment market.
 
The Hangzhou-based company confirmed to China Daily on Monday that it is working on the futuristic technology, which could allow users to pay bills in a 3-D virtual world by nodding their heads or making other gestures to log in payment accounts.
 
The revelation of its latest move comes shortly after the company offered a preview of its Buy+ virtual store. Wearing a headset and with two hand-controllers, consumers can get into a 360-degree virtual environment where they can hold, feel and try on bags, shoes and lingerie as they do in real life.
 
Consumers won't-yet-be able to pay using VR.
 
"Consumers of Buy+ can shop in a virtual world, but they will still have to take their headsets off and go back to the real world to pay bills," said Ant Financial, the financial affiliate of Alibaba.
 
"We are working on the VR-driven payment tool to offer a real immersive and complete VR shopping experience," added Ant Financial, the owner of Alipay, the most popular mobile payment tool in China.
 
The company declined to disclose when the new technology will be released, but local media site yicai.com quoted an Alibaba employee as saying that it could possibly be launched as soon as the end of September.
 
In the first quarter of 2016, China's third-party mobile payment tools handled transactions worth more than 5.9 trillion yuan ($885.8 billion), up by 110 percent from a year earlier, data from internet consultancy Analysys International show.
 
Alibaba dominated the industry with a 63 percent market share while Tencent trailed behind it with its WeChat Payment accounting for 23 percent.
 
Experts said the difficulty of developing VR-enabled payment tools lies in how to ensure security while keeping it easy to use.
 
Li Chao, an analyst at research firm iResearch Consulting Group, said it would be hard to persuade shoppers as well as sellers to accept VR-enabled payment tools. "The VR industry is still in infant stage. VR games are still a niche, let alone VR payment. Also when it comes to financial payments, consumers value security more than just being cool," Li said.
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Oil pares near 3-percent gains amid oil glut worries www.reuters.com

Crude prices inched down on Tuesday in Asia, paring gains of nearly 3 percent from a day earlier, as worries over a global oil glut tempered speculation that OPEC would try to restrain output.
 
Qatar's Energy Minister and OPEC President Mohammad bin Saleh al-Sada said on Monday the oil market is on the path to rebalancing despite the recent decline in global oil prices, adding that OPEC was in continuous talks to stabilize the market.
 
OPEC members are to have an informal meeting on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept. 26-28. Some OPEC officials had said a revival of talks on a global oil production freeze could be discussed at the meeting if oil prices weaken.
 
The upward momentum was offset by news that the Louisiana Offshore Oil Port in the United States will have an additional 2.5 million barrels in oil capacity by April 2017.
 
London Brent crude for October delivery was down 19 cents at $45.20 a barrel by 0033 GMT, after settling up $1.12, or 2.5 percent, on Monday.
 
NYMEX crude for September delivery was down 19 cents at $42.83 a barrel, after closing up $1.22, or 2.9 percent, on Monday.
 
Market intelligence firm Genscape reported a build of more than 307,000 barrels at the Cushing, Oklahoma delivery hub for WTI futures in the week to Aug. 5, traders said, even as analysts forecast a total U.S. crude inventory drop of 1 million barrels.
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Fair trade commission raids Amazon Japan www3.nhk.or.jp

The Japan Fair Trade Commission has investigated the local unit of American e-commerce firm Amazon.com on suspicion of unfair trading practices.
 
Amazon Japan is suspected of having pressured retailers to offer products at the same or lower prices than they offer on rival sites.
The company allegedly presented retailers with these conditions before they concluded a deal.
 
Amazon Japan officials have declined to comment on the case.
 
Amazon's business practices have also come under scrutiny in Europe.
European Union anti-trust authorities are investigating the firm's e-book business.
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Walmart to buy Jet.com for $3.3bn www.bbc.com

Walmart has announced plans to buy e-commerce site Jet.com for $3.3bn (£2.5bn) in a move that could help boost its online retail sales.
Walmart has been struggling to compete against online retailers like Amazon.
Jet.com has soared in the e-commerce space since it launched in 2015, undercutting some of Amazon's prices.
Doug McMillon, Walmart's chief executive, said the deal would help accelerate the growth of Jet.com and Walmart's own website.
"We're looking for ways to lower prices, broaden our assortment and offer the simplest, easiest shopping experience because that's what our customers want," said Mr McMillon. "We believe the acquisition of Jet accelerates our progress across these priorities."
Walmart will pay $3bn in cash and $300m in stock.
Walmart and Jet.com will remain separate companies, but will co-operate over technology.
Jet.com launched in July 2015 by entrepreneur Marc Lore. Mr Lore sold his last company Quidsi, the parent company of a family of websites including Diapers.com and Soap.com, which was sold to Amazon in 2011 for $545m.
Jet.com started off using a pricing strategy that offered discounts for placing larger orders and charged a $50 subscription fee.
The subscription model was dropped after three months.
"The combination of Walmart's retail expertise, purchasing scale, sourcing capabilities, distribution footprint, and digital assets - together with the team, technology and business we have built here at Jet - will allow us to deliver more value to customers," said Mr Lore.
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China sees effects of coal capacity cuts: Top economic planner www.chinadaily.com

BEIJING - China's top economic planner said on Monday that the country has made progress in reducing excess coal capacity by advancing economic structural reform.
 
Coal output declined 9.7 percent year on year to reach 1.63 billion tons in the first half of 2016, widening from a 5.8-percent drop recorded in the same period last year, said the National Development and Reform Commission (NDRC) on its website.
 
Coal enterprises and major electric power plants saw their coal stockpiles drop as of the end of June, down 8.6 percent and 16.6 percent, respectively, according to the NDRC.
 
The decline in coal stocks resulted in a narrowed decline for major coal business profits, reaching 3.5 billion yuan ($525 million) in the first five months, down 73.2 percent year on year, compared with a 92.5-percent drop in the first quarter.
 
The NDRC attributed the progress to the government's continued efforts in reducing production output, eliminating outdated capacity and promoting mergers, reorganization, and industry upgrades.
 
Meanwhile, coal consumption nationwide edged down 5.1 percent year on year to reach 1.82 billion tons in H1, according to the NDRC.
 
China is the world's largest producer and consumer of steel and coal. The two industries have long been plagued by overcapacity and felt the pinch even more in the past two years as the economy cooled and demand has fallen.
 
The Chinese government made reducing excess capacity a top priority in late 2015 at the Central Economic Work Conference and put it at the center of the 13th Five-Year Plan.
 
China plans to cut steel and coal capacity by about 10 percent -- as much as 150 million tons of steel and half a billion tons of coal -- in the next few years, with funds set aside to help displaced workers.
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Oil prices rise on renewed output freeze talks, but fundamentals remain weak www.reuters.com

Oil prices rose in early trading on Monday, lifted by reports of renewed talks by some members of the Organization of the Petroleum Exporting Countries (OPEC) to restrain output.
 
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $42.01 per barrel at 0022 GMT (08:22 p.m. EDT), up 21 cents, or 0.5 percent, from their last close.
 
Brent crude futures LCOc1 were trading at $44.40 per barrel, up 13 cents, or 0.29 percent.
 
Analysts said that the price rise came on the back of renewed calls by some OPEC members to freeze production in a bid to rein in output consistently outpacing demand.
 
"OPEC members including Venezuela, Ecuador and Kuwait are said to be behind this latest reincarnation. But just like previous endeavors, it seems doomed to fail, given key OPEC members (think: Saudi Arabia, Iraq, and Iran) persist in their battle for market share, ramping up exports apace," said Matt Smith of U.S.-based ClipperData in a note.
 
Yet in the absence of an agreement, a fight for market share via high output and price discounts is still weighing on oil markets.
 
Iraq has dropped the September official selling price (OSP) for Basra Light crude to Asia by $1.00 to minus $2.30 a barrel against the average of Oman/Dubai quotes from the previous month, the State Oil Marketing Organization (SOMO) said on Monday, making it the latest exporter to drop its prices.
 
Meanwhile, oil drilling in the In the United States keeps increasing.
 
"Another increase in the rig count in the U.S. also weighed on sentiment. The Baker Hughes data show rigs operating in the U.S. are the highest since March (at 381)," ANZ bank said on Monday.
 
On the demand side, analysts at AB Bernstein said that oil demand growth had been strong in 2015 and the first half of this year, at 2.0 and 1.5 percent respectively, but that the outlook was weakening.
 
"In July following the UK Brexit vote, the IMF downgraded global growth by 10 basis points (bp) in 2016 and 20 bp in 2017. This has negative implications for (oil) demand," the analysts said.
 
"We expect that demand growth could slow in the second half of 2016 to around 1.1 percent and slow further in 2017 to a below consensus 1.0 percent on the current global growth outlook," AB Bernstein added.
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Vale looking to raise $10B through Chinese streaming deal www.mining.com

Vale (NYSE:VALE) is getting more creative in its debt-reduction plans, by bolstering cash flow through a metal streaming deal with Chinese companies.
 
The revelation by Reuters on Wednesday came via un-named sources, who say that under terms of the arrangement, Vale would sell part of its future output to the Chinese over 30 years.
 
Hit by its deepest quarterly loss ever, and slumping iron ore prices, the Rio de Janeiro-based company said in February it wants to reduce its net debt to $15 billion within 18 months and would look at selling core assets to do it. The Samarco dam collapse in November last year, which killed 19 people and became Brazil’s worst environmental disaster, also forced Vale to book a write-down of $132 million in unpaid dividends and royalties.
 
Among the candidates for divestiture is Vale's fertilizer business. U.S.-based Mosaic Co. (NYSE:MOS), the world’s largest producer of phosphate fertilizer, is said to be in talks with Vale to acquire the Brazilian mining giant’s fertilizer unit, in a deal worth about $3 billion.
 
The world's biggest iron ore producer already has an agreement with Silver Wheaton (NYSE, TSX:SLW) regarding its Salobo copper mine in Brazil. On Tuesday Vale and Silver Wheaton tweaked the deal, so that the portion sold to Silver Wheaton rises to 75 percent from 50 percent. Vale will receive an upfront payment of $800 million.
 
Iron ore prices slumped again on Friday to below US$60 a tonne, despite breaking through $60 resistance on July 28 on the back of strong Chinese steel prices, and expectations of an investigation into dumping by Brazilian and Australian iron producers of product into China.
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France's Valeo, Ichikoh to develop automotive digital mirror www.asia.nikkei.com

TOKYO -- French autoparts maker Valeo and Ichikoh Industries will jointly develop an onboard camera system for cars that replaces the traditional side- and rear-view mirrors, with an eye toward starting mass production in 2018.
 
Japan's transport ministry recently revised safety guidelines to allow these digital mirrors -- camera images displayed on monitors -- spurring the auto industry to proceed with development.
 
Valeo, which took a 20% stake in Ichikoh in 2000, has worked previously with the Japanese company on lighting systems. The pair will broaden their partnership to the emerging field of digital mirrors, uniting Valeo's expertise in sensors and Ichikoh's experience with mirrors. Valeo will develop the imaging system linking to the liquid crystal display monitors while Ichikoh will handle the mirror casing.
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China launches first mobile telecoms satellite from Beijing www.bbc.com

China has launched its first mobile telecommunications satellite.
The Tiantong-01 satellite will establish a mobile network serving China, the Middle East, Africa and other areas, the state run Xinhua news agency reported.
It was sent into space after midnight local time in Beijing (16:00 GMT) on Sunday.
The ground service will be operated by China Telecom, which is owned by the Chinese state.
The country is also preparing for the next round of its manned space mission.
China's science revolution
On Saturday two launch rockets arrived at a launch centre in northwest China. They will carry a second module of the country's planned space station - replacing Tiangong 1 which has ended its service - and a staffed spacecraft called Shenzou-11.
China sent its first astronaut into space in 2003, and since then has taken huge advancements.
The head designer of China's lunar missions told the BBC earlier this year that China plans to settle on the Moon and explore Mars.
The country's space programme is led by the military.
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