Minister of Mining and Heavy Industry D. Sumiyabazar noted, “First, those 1,072 shares need to be registered. Preparation for registering them on the stock market needs to start immediately, because it takes much time. Our ministry is working hard to finish this in 2018.” Cabinet members didn’t reach consensus on the issue of international stock market registration.

The Ministry of Mining and Heavy Industry is working to introduce a proposal regarding the shares to Parliament once it is approved by the cabinet.

Geely shares jumped in Hong Kong after the deal to buy almost 10% of the firm was announced over the weekend.

The Chinese carmaker already fully-owns Sweden's Volvo and black cab maker London Taxi Company.

Chairman Li Shufu is expected to meet Daimler executives on Monday and German government officials later in the week.

Geely's 9.7% stake in the high profile German carmaker has raised some concerns that the Chinese firm will seek access to technology and innovation in exchange for the deal.

But the German government said it saw "no need to act in terms of competition rules or foreign investment rules".

'Invaders from outside'
China is widely considered the most important future market for global car manufacturers.

In a statement by Geely, Mr Li said he wanted to "accompany Daimler on its way to becoming the world's leading electro-mobility provider," and was looking for a long-term commitment.

Describing what he called a "strategic vision," he argued that "invaders from outside" the traditional car sector, meant firms needed to cooperate through partnerships and alliances.

Traditional carmakers are increasingly facing competition from newcomers from the technology sector, including Tesla and the Google-associated Waymo.

Also over the weekend, Daimler announced a $1.9bn (£1.4bn) investment into a partnership with another Chinese auto firm, BAIC.

The money will go into modernising a BAIC plant to build Mercedes cars including electric vehicles, the two companies said.

Daimler and BAIC are already cooperating in the Chinese market, where foreign production is often only permitted through partnerships with Chinese firms.

Last week, fellow German carmaker BMW announced a deal with Chinese manufacturer Great Wall Motor to build electric-powered Mini cars in China for the local market.

The Chinese government has said 20% of cars sold by 2025 should be electric or rechargeable-hybrid vehicles - a target that is spurring many global carmakers to raise their investment in China.

Prior this PM U.Khurelsukh made his first foreign official visit to the Republic of Korea on January 15-17. 
B.Batchimeg

The autumn session of the Parliament convened on October 2 and closed on February 9 after adopting 18 independent laws, amendment and revision to 95 laws and 54 resolutions.

The spring session agenda includes bills and resolutions on the 2019 State Budget statement; the 2020-2021 State Budget assumption; the 2017 Budget performance; the 2017 Government financial report; the implementation of the 2017 General Guidelines on Social and Economic Development of Mongolia; and the 2019 General Guidelines on Social and Economic Development of Mongolia.

Moreover, bills including the Legal Status of the Capital City; Amendments to the Constitution of Mongolia; Parliamentary Elections and Parliament are lined up for the spring session which will convene in early April. A number of other bills will be discussed by the Parliament.

The spring session will close on July 1, in accordance with the corresponding law.
Kh.Aminaa

Mongolia ranks 103rd with score of 36; drew back by 16 positions in 2017 compared to the previous year. Previously, Mongolia was ranked at 72nd in 2015 and 87th in 2016.

The index, which ranks 180 countries by their perceived levels of public sector corruption according to experts and businessmen, uses a scale of zero to 100, where zero is highly corrupt and 100 is very clean. This year, the index found that more than two-thirds of countries score below 50, with an average score of 43.

One of the factors that influenced Mongolia to draw back connects with weakening impartiality of auditing and courts. It is considered that slow process of resolving corruption cases at trials, dismissals without penalty and uncompensated state losses affected to weaken people’s confidence in combat with corruption.

“The deal between the IFC and MBA is to advance sustainable finance and green banking practices in Mongolia through capacity development and knowledgesharing,” according to a February 13 statement from Bangko Sentral ng Pilipinas (BSP), the Philippine central bank. Under the agreement, MBA will be strengthened as repositories of knowledge on sustainable finance and green banking in Mongolia and in the region.

Vivek Jamwal, practice head of risk and research at Singapore-based Stradegi Investment Management Consulting, says the MOU can help grow awareness of environment, social and governance (ESG) financing and investment. He believes it will pave the way for more green financing over time, and that "asset owners and asset managers will have a choice to allocate to green financing, or to create green fixed income products".

"The next logical step will be measuring the impact on an ESG scale, and hence will pave the way for ESG ratings to be done on those asset owners and asset managers," remarked Mr. Jamwal tells Asia Asset Management.

In addition, the company faced MNT 18 million loss from the foreign exchange rate last year. However, the net profit of Barilga JSC increased by 2.8 times compared to that of 2016 with MNT 397.2 million. The company officials highlighted that their operations restored significantly as they were running on MNT 103 million deficit in 2016.

Berkshire Hathaway reported a record quarterly and annual profit on Saturday.

The Republican law reform, approved in December, cut the corporate tax rate to 21% from 35%.

Mr Buffett, one of the richest men in the world, opposed the plan.

In his letter to investors, Mr Buffett said the tax cut accounted for nearly half of the firm's gain in net worth during 2017.

"A large portion of our gain did not come from anything we accomplished at Berkshire," he wrote. "Only $36 billion came from Berkshire's operations. The remaining $29 billion was delivered to us in December when Congress rewrote the US Tax Code."

Last month Barclays, a British bank, predicted that Berkshire Hathaway would be a major beneficiary. It said that after an initial windfall, its earnings could continue to rise by 12% on an ongoing basis.

Passing the bill through Congress was a major victory for President Trump. He called it "the largest tax cut in the history of our country" and a gift to the nation.

The reforms give the vast majority of taxpayers lower tax bills in the immediate future. However those cuts expire in 2025.

Mr Buffett, who believes in higher taxes for the rich, has said he would have preferred a different tax bill.

What does Berkshire Hathaway do?
Berkshire Hathaway has holdings in freight rail, major insurance companies, real estate, newspapers and utilities.

Its investments include Geico, the Kraft Heinz Co, Fruit of the Loom and Acme Brick Company, as well as Northern Powergrid subsidiaries, which serve about 3.9 million customers in the UK.

The firm and its subsidiaries employ more than 367,000 people globally.

Mr Buffett has led it for more than four decades, making his vast fortune.

According to Fortune magazine's ranking of world billionaires, he is worth $87bn, behind only Bill Gates and Jeff Bezos, the founders of Microsoft and Amazon respectively.

"The board of directors has approved... the appointment of Maksim Sokov as president of the group, and the board of directors also approved the resignation of Oleg Deripaska as president of the group, but he retains the post of non-executive director," the statement said.

En+ Group owns a 48 percent stake in RUSAL, which was founded in 2000 and has assets in 20 countries, with consumers in Europe, North America, Southeast Asia, Japan, China and South Korea.

BMW, the owner of the Mini brand, said it had agreed an outline deal with Chinese manufacturer Great Wall Motor.

Cars made under that partnership will be for the Chinese market.

The deal will not affect BMW's plan, announced last year, to assemble the first electric Minis in Oxford from 2019. Those cars will use electric motors made in Germany.

BMW and Great Wall Motor still have to work out the exact location of their production line and how much they will invest.

BMW already has a joint venture with Brilliance Auto to build BMW-branded cars in China.

As well as two plants assembling cars, the joint venture has an engine plant which includes a battery factory.

Last year, BMW sold 560,000 cars in China - more than double the amount sold in its next two largest markets, the US and Germany, combined.

By Theo Leggett, BBC business correspondent
BMW is an ambitious company. It wants to expand, and it wants a bigger share of the fast-growing market for electric vehicles.

China scores highly on both counts - it has a huge number of consumers, and government policies there heavily favour electric cars.

BMW thinks that in order to take full advantage, it needs a local production base.

So where does this leave Mini's UK factories? Initially at least, the Chinese factory will produce vehicles for the Chinese market.

The cars made there there will be a different model from the electric Mini due to be built in Oxford from 2019, and BMW insists the Mini brand can expand internationally without calling into question its commitment to the UK.

But the announcement may send another signal to the government - that Mini can survive without the UK, and is more than capable of moving production elsewhere if it finds the business climate after Brexit too uncomfortable.