1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     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    

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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UPS orders Boeing 747s in $5.3bn deal www.bbc.com

Courier firm United Parcel Service has ordered 14 Boeing 747s in a deal worth $5.3bn (£4.4bn) at list prices.
The order could breathe new life into an aircraft Boeing has said it may cancel.
The firm warned in June that its iconic 'Jumbo Jet" plane faced falling orders and pricing pressures.
The purchase significantly adds to Boeing's order book when it and rival Airbus have struggled to sell wide-body aircraft.
The UPS order, which includes an option for 14 more 747s, reflects growing demand for air freight, chief executive David Abney said.
"We have the demand and these aircraft will allow us to handle the demand on a very scheduled basis," he said.
Slow sales of the 747-8, the latest version of the four-engine plane that first flew in 1969, prompted Boeing to recently cut production to six a year and to warn in July it might stop making the plane.
Similar-sized two-engine planes that are more fuel-efficient have overtaken the 747 as passenger planes.
'This is net add'
Sales have also slowed for Airbus's large, four-engine A380 passenger jet.
But the 747-8 freighter's hinged nose gives it an ability to carry large cargo.
UPS plans to use its 747-8s on important "trunk routes... connecting Europe to Asia, Asia to the US", Mr Abney said.
It will use older 747s and other planes to replace smaller planes, adding capacity.
"It's really a cascading effect that is more than the sum of its parts," Mr Abney said. "We may be adding only 14 at this time but... there's going to be multiples of larger aircraft with more capacity and much more locations."
"What is important is this is net add," he added. "In some places you're buying just to replace aircraft. This is not. This is a growth strategy. This is about opportunity.... We're going to put these planes to work as soon as we get them."
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Belgium reaches EU-Canada trade deal compromise www.rt.com

The Belgian government has reached a deal with the Wallonia region on the free trade agreement between the European Union and Canada, according to Belgian Prime Minister Charles Michel.
Michel said "an agreement" was found after a last minute round of negotiations with Belgium's French-speaking community who have been holding up the deal.
 
Brussels has not released the details of the compromise.
 
The signing of the Comprehensive Economic and Trade Agreement (CETA) was cancelled on Thursday after the deal was blocked by Wallonia's regional parliament.
 
Canadian Prime Minister Justin Trudeau was forced to cancel Thursday’s trip to Brussels as the negotiations had stalled.
 
Wallonia premier Paul Magnette said the region was not opposed to an EU trade deal with Canada. However, he insisted the secret arbitration scheme allowing corporations to sue governments had to be dropped from the agreement.
 
Regional leaders in Wallonia voted 46 to 16 against CETA over fears of job losses due to cheaper farming and industrial imports.
 
CETA promises to eliminate tariffs on 98 percent of goods immediately after ratification and also encompasses regulatory cooperation, shipping, sustainable development and access to government tenders.
 
CETA’s supporters say the deal would yield billions in added trade through customs and tariff cuts and other measures facilitating business ties.
 
Opponents claim the trade deal will only benefit the wealthy and large corporations.
 
For CETA to be ratified, all 28 European Union countries have to agree the treaty. Until now, Belgium has been the main obstacle to the free trade deal.
 
"All parliaments are now able to approve by tomorrow at midnight. Important step for EU and Canada,” Michel tweeted.
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Rio 2016: Wada publishes report highlighting 'serious failings' at Olympic Games www.bbc.com

A Wada report on the anti-doping methods employed at Rio 2016 has highlighted "serious failings".

The World Anti-Doping Agency said many athletes who had been targeted for testing "simply could not be found".

It added that, on some days, "up to 50% of tests were aborted".

Its 55-page Independent Observers report found that, of the 11,470 athletes, 4,125 had no record of any testing in 2016, of whom 1,913 were competing in 10 "higher-risk sports".

It also said:

nearly 100 samples were not matched to an athlete because of data entry errors
one missing sample was not located until two weeks after the Games
there was little or no in-competition blood testing in many high-risk sports and disciplines, including weightlifting
there was no out-of-competition testing conducted in football, which Wada found "surprising"
without the dedication of doping-control staff, "the anti-doping program would have almost certainly collapsed"
as of 8 August, only 4,795 athletes were providing whereabouts information in the anti-doping system
Wada mentioned several "failings" surrounding inadequate support for the chaperones employed to notify athletes of testing.

It said that on several occasions more than half of these failed to turn up, or turned up very late. It said they were "disincentivised" because of a lack of training, poor travel arrangements, and the fact many could not speak English.

It said that, for "the majority of times" the 'no-notice' nature of testing was "obviously compromised" because chaperones did not know where athletes were and had to ask their team-mates where they were.

In one of its recommendations, it said: "Untrained and inexperienced chaperones should not be working at the Games.

"It undermines respect and trust among athletes in the anti-doping program, and provides opportunities for experienced and unscrupulous athletes who would want to abuse the system to manipulate the doping control process."

Wada did praise improvements made to Rio's anti-doping laboratory, however.

The organisation had suspended the lab just six weeks before the Games opened, because it failed to comply with international standards.

But Wada said it had been "superbly equipped", and was "operated very securely and generally very efficiently".

It said it now represents an "outstanding legacy from the Games for the anti-doping movement in South America".

Analysis

BBC sports editor Dan Roan

In the midst of the Russian doping scandal, and the revelation that both London 2012 and Sochi 2014 were sabotaged by state-sponsored cheating, it was crucial that the authorities did as much as possible to show they were keeping Rio 2016 clean.

Instead, this damning report is another shattering blow to the credibility of anti-doping and the Olympic movement's integrity, showing how organisational chaos blighted the Games' drugs-testing programme.

After it refused demands to ban Russia's entire team from the Olympics, do not be surprised if there are now calls for the IOC itself to be declared Wada non-compliant.

And there could also be tough questions for the UK Anti-Doping agency, which acted as the secretariat for a pre-Rio anti-doping taskforce.

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Qualcomm to buy NXP for $38 billion in biggest chip deal www.reuters.com

Smartphone chipmaker Qualcomm Inc (QCOM.O) agreed to buy NXP Semiconductors NV (NXPI.O) for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market.
 
The acquisition will also help Qualcomm, which provides chips to Android smartphone makers and Apple Inc (AAPL.O), reduce its dependence on a cooling smartphone market.
 
With the deal, Qualcomm is taking a big bet on the so-called Internet of Things (IoT), which enables everyday objects such as fridges and cars to communicate with each other.
 
"The pace of innovation in automobile and IoT will increase dramatically and I think we look at it as a tremendous opportunity," Qualcomm Chief Executive Steven Mollenkopf said on a conference call.
 
By 2020, some 21 billion IoT devices will be in use worldwide, up from fewer than 5 billion last year, research firm Gartner has estimated.
 
Qualcomm sat out the transformative consolidation that has swept the chip industry recently.
 
The deal announced on Thursday tops Avago's $37 billion acquisition of Broadcom (AVGO.O) last year.
 
The equity value of Qualcomm's offer is $37.88 billion, according to Reuters calculations based on the company's fully diluted shares as of Oct. 2. Including debt, the deal is worth roughly $47 billion.
 
SMOOTH SAILING?
 
Qualcomm said it expected the deal to clear regulatory scrutiny, given the complimentary nature of the two businesses.
 
Needham & Co analyst Rajvindra Gill said there was not much overlap in products or end-markets between the two companies.
 
"There's been a lot of semiconductor M&A activity in the last two years and I haven't seen one deal that has been delayed because of regulatory hurdles at this point," Gill added.
 
The combined entity would have annual revenue of more than $30 billion.
 
NXP, based in the Netherlands, became the world's biggest maker of automotive electronics after it bought U.S.-based Freescale Semiconductor for about $12 billion last December.
 
Goldman Sachs and JPMorgan have committed financing for the deal, which is expected to close by the end of 2017.
 
The deal is structured to use offshore cash flow in a tax-efficient manner to rapidly reduce leverage, Qualcomm said.
 
The company said it expected the deal to generate $500 million in cost savings annually within two years of closing.
 
Goldman Sachs and Evercore were financial advisers to Qualcomm, while Centerview Partners LLC advised its board. Paul, Weiss, Rifkind, Wharton & Garrison LLP; Cravath, Swaine & Moore LLP and Allen & Overy LLP were legal counsel to Qualcomm.
 
Qatalyst Partners, Barclays and Credit Suisse were financial advisers to NXP and Skadden, Arps, Slate, Meagher & Flom LLP and De Brauw Blackstone Westbroek provided legal advice.
 
 
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Mobile and Youtube boost Google parent Alphabet profits www.bbc.com

Google parent Alphabet has reported a 20.2 % rise in quarterly revenue, helped by sales of advertising on mobile devices and YouTube.
Revenue in the third quarter rose 20% to $22.5bn (£18.5bn), from $18.7bn a year earlier.
Net income for the quarter was $5bn, up from $4bn a year ago. Alphabet's share price rose 1.3% in after-hours trading.
Alphabet, along with Facebook, dominates the fast-growing mobile advertising market.
Google's total ad revenue rose 18.1% to $19.82bn in the third quarter, accounting for more of its revenues.
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Fujitsu, Lenovo finalizing integration deal www3.nhk.or.jp

Japan's Fujitsu says it's in final negotiations to merge its PC business with China's Lenovo Group.

Fujitsu officials say the two firms aim to cooperate on research, development, design and manufacturing.

Fujitsu also hopes to obtain financial support from the Development Bank of Japan to carry out the deal.

Sources say the Japanese firm wants to complete the integration by March. They say Lenovo is likely to buy a majority stake in Fujitsu's PC business at the end of that month.

Fujitsu President Tatsuya Tanaka told reporters he wants to strengthen the competitiveness of Fujitsu's PC division, and will put top priority on working with Lenovo.

 
 
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Samsung Electronics to buy $159 million of shares in Samsung Heavy rights issue www.reuters.com

Samsung Electronics Co Ltd said on Thursday it will buy 181 billion won ($158.71 million) worth of Samsung Heavy Industries Co Ltd shares as part of the shipbuilder's 1.14 trillion won ($999.59 million) rights issue.
 
Samsung Electronics said in a filing it will acquire about 25.3 million new Samsung Heavy shares, fully subscribing to its entitled portion as an existing shareholder through the rights issue. The price was set at 7,170 won per share under the issuance.
 
The world's top smartphone maker held a 17.6 percent stake in Samsung Heavy as of Aug. 23.
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Deutsche Bank reports profit despite 'tough' environment www.bbc.com

Deutsche Bank has reported a small third-quarter profit, beating very low expectations.
The bank reported a profit of €278m (£248m), a big turnaround from a €6bn loss in the same period last year.
Deutsche Bank said the "tough interest rate environment" and "unsettling effect" of negotiations with US authorities had been felt.
Concerns persist over the position of the bank as the size of a fine in the US remains undetermined.
Deutsche has been threatened with a $14bn (£11.5bn) fine from the US Department of Justice over the mis-selling of mortgage-backed securities in the run-up to the financial crisis.
And earlier this year, the International Monetary Fund described it as the biggest risk to the global banking system.
'Overshadowed'
The bank has been cutting costs and selling businesses in attempt to reassure investors.
Chief executive John Cryan said that the bank's restructuring work had been "overshadowed" by the attention being paid to the bank's talks concerning the "matter" in the US.
"The bank is working hard on achieving a resolution of this issue as soon as possible," he said.
But in a letter to staff he added that "unfortunately, we have to assume that the situation will stay difficult for a while".
Mr Cryan said the bank's latest results demonstrated the strength of its operating business.
Deutsche Bank reported a 2% rise in sales in its third quarter to €7.5bn, which was better than analysts had been expecting.
"Deutsche has done better than anticipated, but that was against very low expectations, which has really been the banking story so far this quarter," said Peter Hahn, a professor at the London Institute of Banking and Finance.
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Samsung earnings plummet amid smartphone recall www3.nhk.or.jp

Samsung Electronics has reported a 96-percent drop in earnings from smartphones from July to September.
 
The South Korean mobile giant was forced to stop production and sales of its Galaxy Note 7 smartphones this month after reports that some were catching fire.
 
The phone was released in August.
 
Samsung's earnings report for the 3 months through September shows operating profit in the smartphone sector fell 96 percent to about 88 million dollars.
The firm's overall profit was down 30 percent.
 
At shareholders' meeting on Thursday, President Shin Jong-Kyun said the firm has received more than 200 reports on the smartphone defects.
 
Shin apologized to customers from around the world and said his firm will fully review its quality control procedures.
 
On Wednesday, South Korea's central bank said Samsung's problems are likely behind the country's slow GDP growth in the July - September quarter.
 
Analysts warn that the country's economy may continue to suffer from the Samsung fallout.
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Mongolia is a destination you cannot afford to miss www.mongolia.gogo.mn

Lonelyplanet.com introduced the ten top countries for best in 2017 while Mongolia ranked 7th in the list.
They highlighted: "In 2017 Mongolia will raise the curtain on a brand-new capital-city airport, a state-of- the-art facility that symbolises the country’s rapid modernisation. Ulaanbaatar has been the biggest beneficiary of the economic boom, its transformed skyline bristling with glass and steel towers. At the centre of this development is a US$500-million Shangri-La complex, which will be completed by 2017, featuring a 290-room hotel, an IMAX cinema and a Hard Rock Café. Beyond the capital lies Mongolia’s stunning countryside, highlighted by Lake Khövsgöl, the Blue Pearl of Asia. In 2015 the lake was connected to Ulaanbaatar by paved road, cutting driving time by 10 hours".
The ten destinations you cannot afford to miss are:
Canada
Colombia
Finland
Dominica
Nepal
Bermuda
Mongolia
Oman
Myanmar
Ethiopia
 
 
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