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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Mongolia and Kazakhstan to boost cooperation in trade and economy www.en.montsame.mn

Ulaanbaatar /MONTSAME/ During the ongoing 11th ASEM Summit in Ulaanbaatar, the Prime Minister of Mongolia J.Erdenebat met Friday with Karim Masimov, his Kazakhstan counterpart at the State House.
 
The parties shared views on the bilateral relations and cooperation, regional and international issues.
 
“Our countries are not exploiting their potentials for trade and economic cooperation in full potential yet,” the PMs said, and concurred to intensify the partnership ties and to enrich the economic cooperation with investment projects.
 
Besides the bilateral agreement, the Kazakhstan’s PM said his government will donate aid of USD 200 thousand to help people in Bayan-Olgii aimag, who have been affected by a natural disaster.
 
J.Erdenebat pointed out that Mongolia intends to discuss many issues concerning bilateral relations and cooperation during a forthcoming regular meeting of the intergovernmental commission to be held in November 2016.
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Mongolia's new government seeks stronger relations with China www.xinhuanet.com

ULAN BATOR, July 14 (Xinhua) -- Mongolia's new government has a strong will to strengthen cooperation with China and will work to create a sound environment for Chinese investors, the nation's newly-elected parliament speaker said Thursday.

Miyegombo Enkhbold, chairman of the State Great Hural, said in a meeting with visiting Chinese Premier Li Keqiang that the new government will maintain a stable China policy and enhance practical cooperation with China with the aim of further cementing the comprehensive strategic partnership between the two countries.

The State Great Hural will attach great importance to and help implement the important consensus and results achieved during Li's visit to his country, Enkhbold said.

He said Li's visit will greatly boost bilateral friendly cooperation, adding that Mongolia will make more efforts to provide a sound legal environment for the Chinese businessmen investing in the country.

Congratulating Enkhbold for his election, Li said China highly values its relations with Mongolia and is ready to consolidate the traditional friendship and deepen the two nations' partnership in agriculture, husbandry, infrastructure and finance, so as to promote economic growth and improve people's livelihood on both sides.

Li said he looks forward to more exchanges between Mongolia's State Great Hural and China's National People's Congress, and between ruling parties of the two nations.

During his meeting with Mongolian President Tsakhiagiin Elbegdorj, Li said "China is satisfied with the sound momentum of our comprehensive strategic partnership," adding that he hopes to advance bilateral cooperation to a higher level with the Mongolian side.

China is willing to work with all the parties of the upcoming Asia-Europe Meeting (ASEM) summit to underscore peace, friendship and cooperation, help address the common challenges and promote stability and common development, Li said.

He added that this year marks the 20th anniversary of the ASEM, whose member countries in Asia and Europe are confronted with refugee crises and the threat of terrorism.

For his part, Elbegdorj said developing Mongolia-China relations is a top priority for his country, adding Mongolia's policy to foster friendly cooperation with China will not change.

The two sides agreed to push for more progress in promoting Asia-Europe dialogue and cooperation in the upcoming ASEM summit.

Earlier on Thursday, Li held talks with Mongolian Prime Minister Jargaltulga Erdenebat, and witnessed the signing of a number of cooperation agreements ranging from trade, technology and infrastructure to radio and TV broadcasting.

Li is paying an official visit to the landlocked country, and is due to attend the 11th ASEM summit on Friday and Saturday

 
 
 
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BP says total Gulf spill bill $61.6bn www.bbc.com

BP said the final bill for the 2010 Gulf of Mexico oil spill will be $61.6bn (£46.2bn).
The company believes that any further claims related to the spill will "not have a material impact".
On 20 April 2010, the Deepwater Horizon drilling rig exploded in the Gulf of Mexico, killing 11 workers and causing an oil spill that soon became the worst environmental disaster in US history.
Since then BP has been paying hefty fines, compensation and legal bills.
Last year, chief executive Bob Dudley described the fire on the Deepwater Horizon and its aftermath as "a near death experience" for the firm.
He said it had shaken the company "to its core" and led to a complete change in its organisational structure.
"Sometimes it takes a near death experience to radically change a company. It was a forced focussing down of what we do, it was: 'This is what we need to do to survive'," Mr Dudley said on the BBC's Today Programme.
Greater certainty
The company sold off more than £30bn ($45bn) in assets to help cover the costs of the spill.
"Over the past few months we've made significant progress resolving outstanding Deepwater Horizon claims and today we can estimate all the material liabilities remaining from the incident," Brian Gilvary, BP chief financial officer said in a statement.
"Importantly, we have a clear plan for managing these costs and it provides our investors with certainty going forward."
In October of last year, BP agreed to pay $20bn (£13.2bn) to settle claims with the US government stemming from the spill.
That settlement was the largest the US government had ever reached with a single company.

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China Q2 growth flat www3.nhk.or.jp

China's gross domestic product rose 6.7 percent in the April to June quarter from a year earlier. Growth from the previous quarter was flat.
 
The National Bureau of Statistics on Friday released key economic figures for the second quarter.
 
Analysts say private-sector industries, such as steel, are making less money, and that they have slowed investment as they try to trim excess capacity.
 
But the government boosted demand by spending more on infrastructure in an effort to support the economy.
 
Last year, Chinese officials looked for GDP growth of around 7 percent. This year, they are targeting 6.5 to 7.
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ASEM summit opens with tribute to Nice victims www.nhk.or.jp

Leaders from Asia and Europe have begun a 2-day summit in Mongolia with silent prayers for the victims of the terrorist attack in the French city of Nice.

Anti-terrorism measures and the global economy are expected to be high on the agenda at the Asia-Europe Meeting, or ASEM, which opened in Ulan Bator on Friday.

Japan's Prime Minister Shinzo Abe is among the leaders taking part from 53 member nations and organizations.

European Council President Donald Tusk called on the participants to unite in the fight against violence and hatred. Other leaders joined him in denouncing terrorism.

Two weeks before the attack in Nice, an armed group killed more than 20 people, including 7 Japanese, in Bangladesh.

Another focus is how the participants will deal with China's disputes with several parties in the South China Sea.

An international tribunal in The Hague ruled this week that China's claims to the waters have no legal basis.

China has refused to accept the decision, calling it unjust.

Premier Li Keqiang and Foreign Minister Wang Yi are meeting other leaders on the sidelines of the summit to lobby for Beijing's position.

China is also insisting that the summit should not discuss the South China Sea issue.

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China economy grows more than expected in second quarter www.bbc.com

China's economy grew by slightly more than expected in the second quarter of the year as the government increased infrastructure spending.
Gross domestic product expanded by 6.7% in the three months to June compared to a year earlier, China's statistics bureau said.
The rate was steady from the previous quarter and above expectations of 6.6%.
Analysts said the data showed the world's second-biggest economy was likely stabilising.
Today's figures indicate China's economy is being kept stable through policy support, Daniel Martin from Capital Economics said.
"While China is almost certainly expanding at a slower rate than its GDP data suggest, rapid state sector investment does appear to have kept growth broadly stable last quarter."
"Growth is more likely to pick up over coming months than slow further, but a lasting turnaround is not on the cards."
Other monthly data released today including industrial output and retail sales also beat forecasts.
Industrial output grew by 6.2% compared to forecasts for 5.9% amid concerns about overcapacity. Retail sales rose by 10.6% beating forecasts for 10% growth.
However fixed asset investment missed expectations, growing by 9.0% from January to June compared to the same period a year earlier. Economist estimates was for growth of 9.4%.
 
 
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ASEM role is highly acknowledged www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Chief offer at the ASEM L.Orgil has delivered a report on the course of the 11th ASEM Summit underway in Ulaanbaatar, at the Summit’s press center.
 
Prior to commencing the Summit, participants stayed silence for a minute, extending condolences to France and its people on loss of many lives in a terrorist attack happened last night, said Orgil beginning his report.
 
Ts.Elbegdorj, the President of Mongolia made the opening remarks as the host. It was followed by speeches given by U Htin Kyaw, the President of Myanmar; Robert Fico, the Prime Minister of Slovakia; and Murray McCully, the Foreign Minister of New Zealand. Furthermore, chairs of the sideline meetings of the ASEM Summit presented outcomes and conclusions of the events, while M.Enkhbold, Speaker of Mongolian parliament sounded a conclusion of the 9th Parliamentary Partnership Meeting (ASEP9) held last April in Ulaanbaatar.
 
Starting the Summit, the very first speech was given by Park Geun-hye, the President of the Republic of Korea, being followed by speeches of Shinzo Abe, the Prime Minister of Japan; Li Keqiang, the Premier of the State Council of China; and Federica Mogherini, High Representative of the EU for Foreign Affairs and Security Policy.
 
The representatives highly acknolweledged a role of the ASEM that is serving for 20 years as a bridge between the continents. Views are exchanged on identifying cooperation goals for next decade. The participants are also discussing the connectivity between Asia and Europe and ways of enhancing the future inter-continental cooperation based on three directions--politics, economy and society.
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Messaging app Line sees shares surge 26% in debut www.bbc.com

Shares of Japanese messaging app Line Corp surged by 26.6% in its New York trading debut.
Shares closed at $41.58 on Thursday which valued the company at about $8.7bn, making it the biggest technology listing of the year.
Line is also due to start trading in Tokyo on Friday after raising more than $1.1bn in its initial public offering.
The company set its flotation price at 3,300 yen per share which was the top end of the expected range.
Line is the most popular messaging app in Japan, Thailand and Taiwan.
It is wholly-owned by South Korea's Naver Corporation, which is looking to raise funds to expand into more Western markets.
However, analysts say the app faces stiff competition from other free messaging services provided by the likes of Facebook and Google.
In Japan, Line has a strong following and claims more users than Facebook or Twitter. However in markets like Korea it lags far behind rival app Kakao and is blocked in China.
Line has about 218 million monthly active users and is famous for selling cute virtual stickers, games and various merchandise.
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Russia lifts customs duty on electric cars www.rt.com

The Eurasian Economic Commission (EEC) has approved tax-free imports of vehicles equipped with electric engines. This will make buying an electric car in Russia about 15 percent cheaper.EEC is the body responsible for implementing decisions taken by the members of the Eurasian Economic Union (EEU) that includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
 
The duty on electric cars was cancelled in February 2014, but the exclusion was not extended when it expired earlier this year. The new amendment will come into effect in September and last till the end of August, 2017.The exclusion does not apply to any other cars, including hybrid and plug-in hybrid vehicles. Under the new regulation, customs duties on electric trucks weighing less than five tons have been reduced to five percent from fifteen percent.
 
“Scaling down the duties aims to encourage the use of eco-friendly transport within the boundaries of the Eurasian Economic Union and provide a background for developing the e-vehicle market,” said the EEC Trade Minister Veronika Nikishina. The minister stressed that more electric vehicles on the roads means it's necessary to make more charging stations available.Developing the domestic e-vehicles market and creating the necessary infrastructure will directly affect the decision to further extend the measure, according to the commission. The grace period won’t be prolonged in case local manufacturing of ‘green’ transport begins.
 
Earlier this month, the government introduced a wide-ranging program to encourage ‘green’ transportation in Russia. The initiative includes introducing reduced tariffs on toll roads, free parking in cities and canceling transport tax. E-car drivers will get the right to use bus lanes with energy providers to be able to build charging stations without bureaucratic hurdles. The program is intended to be implemented by 2025.
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BP says total Gulf spill bill $61.6bn www.bbc.com

BP said the final bill for the 2010 Gulf of Mexico oil spill will be $61.6bn (£46.2bn).
The company believes that any further claims related to the spill will "not have a material impact".
On 20 April 2010, the Deepwater Horizon drilling rig exploded in the Gulf of Mexico, killing 11 workers and causing an oil spill that soon became the worst environmental disaster in US history.
Since then BP has been paying hefty fines, compensation and legal bills.
Last year, chief executive Bob Dudley described the fire on the Deepwater Horizon and its aftermath as "a near death experience" for the firm.
He said it had shaken the company "to its core" and led to a complete change in its organisational structure.
"Sometimes it takes a near death experience to radically change a company. It was a forced focussing down of what we do, it was: 'This is what we need to do to survive'," Mr Dudley said on the BBC's Today Programme.
Greater certainty
The company sold off more than £30bn ($45bn) in assets to help cover the costs of the spill.
"Over the past few months we've made significant progress resolving outstanding Deepwater Horizon claims and today we can estimate all the material liabilities remaining from the incident," Brian Gilvary, BP chief financial officer said in a statement.
"Importantly, we have a clear plan for managing these costs and it provides our investors with certainty going forward."
In October of last year, BP agreed to pay $20bn (£13.2bn) to settle claims with the US government stemming from the spill.
That settlement was the largest the US government had ever reached with a single company.
...