Mongolia considers India a “third neighbor” as well as a “spiritual neighbour” - the late venerable 19th Kushok Bakula Rinpoche (1917-2003), a Buddhist monk who is revered in Mongolia, served as an Indian emissary to the country.

“During the 'nuclear dialogue' the sides are expected to present the joint projects on cooperation in third countries in such areas as engineering and the manufacture of nuclear power plant equipment, development of renewable energy resources and energy efficiency, the digital transformation of the energy sector and nuclear fuel cycle,” Rosatom said.

Rosatom will talk to French companies Electricite de France (EDF), Schneider Electric, Assystem and others. Russia and France have a long history of partnership in nuclear energy. The country became the first foreign client of Rosatom in 1971, when the sides signed a contract for the supply of uranium enrichment services from Russia.

Rosatom subsidiary Rosenergoatom and EDF have been cooperating since 1994 in operations, modernization, the prolongation of the life of nuclear power plants, management of radioactive waste and research and development.

Russia's St. Petersburg International Economic Forum, one of the world’s key economic discussion platforms, will officially open on May 24. This year, about 40 world leaders including French President Emmanuel Marcon will attend the forum. SPIEF 2018 will also welcome leading investment funds from 20 countries with total assets of more than $13.5 trillion.

Tesla (TSLA) announced the price cuts on its official Weibo account late Tuesday, saying the move was possible because of the lower import tariffs.

In cash terms, the savings are significant. The price of the most expensive Model X will be cut to 1.3 million yuan ($204,000) from 1.4 million yuan ($219,000), according to a Tesla sales director in Beijing who asked not to be named because she's not a company spokesperson.

The cheapest version of the Model S will now cost 710,600 yuan ($111,200), down from 758,900 yuan ($118,800).

Tesla fans don't need to wait until July 1. In its Weibo post, Tesla said the new lower prices would apply to all cars no matter when they go through customs, and "a few cars in stock" would also be subject to the discounts.

But even after the price cuts, a Tesla in China will still cost a lot more than in the United States, where prices of the Model S start at $75,000.

China's tariffs on cars have long angered President Donald Trump. The United States charges a tariff of 2.5% on imported cars.

The Chinese tariff cut comes as the world's top two economies try to defuse the threat of a full-on trade war.

Other car companies have welcomed the decision to cut tariffs. Germany's Porsche (POAHF) said Tuesday it would consider lowering its prices for the Chinese market.

The introduction of new product into the Mongolian stock market opens up a door for more than 30 mining companies operating in Mongolia, but listed on foreign stock exchanges to trade their stocks here. It will allow the public to become shareholders and benefit from natural resources. In addition, it will be a step forward to the development of Mongolian stock market towards the global benchmark.

B.Misheel

Discovery will now embark on an intense programme to bring the project into production as soon as possible. The Project has already been granted a 30 year Mining Permit which will shorten the lead up time to go into bullion production.

“The drilled target at Gutain Davaa has a resource that has excellent potential to be expanded to about 500,000 ounces of gold and possibly more. Other targets on the mining license have potential to add resources of similar grade.

District wise there is excellent potential to locate substantial gold resources of similar nature to those at Toordogiin Shil, or possibly large tonnage lower grade resources similar to those at Boruu and Gasurt. There is a high chance of the district turning into a new gold camp.

Providing MMGL is able to work with the Soum authorities and enter into arrangements with them that are of distinct benefit to the local community, there is an excellent probability that MMGL will be able to establish itself as the preferred operator within Batshireet Soum and have advantages in obtaining new exploration titles.”

Money supply reached MNT 16.2 trillion and money flow rose by 30 percent compared to same period of the previous year. Savings grew by MNT 144.5 billion and Tugrik savings make up 55 percent of it whereas dollar savings have decreased.

Investment worth USD 547.9 million was made in Mongolia in the first quarter of 2018 and most of it went to mining sector. Balance of payments had MNT 42.2 million deficit, however, it is a decreased amount compared to 2017.

Generally, according to the four months' review, money supply and value of tugrik are rising as well as amount of consumption loan increases, highlighted the Bank of Mongolia.

B.Batchimeg

In case the foreign investor, foreign national who is to work in public or inter-governmental organization and family members of these people reside in Mongolia, getting a visa prior to arrival was necessary. According to the new modified regulation, temporary visitors /J-tourism, B-business and H-private purpose categories/ will be permitted taking their residence application into consideration.

It also includes many improvements, such as availability of applying visa and invitation requests online. 
It aims at creating favorable condition to issue visa to foreign investors, emigrants and foreign nationals born from Mongolian citizens, facilitate visa issuance conditions and deliver public services promptly.
In addition, the Cabinet approved a renewed regulation on ‘Residence of foreign nationals in Mongolia and the registration’.

M.Unurzu

The cabinet has approved a plan to privatise over 18 state-owned enterprises including 49 percent of MIAT, the State Bank, the Mongolian Stock Exchange, Telecom Mongolia, the Information and Communication Network, the Mongolian Commodity Exchange and the Mongolian Securities Clearing House. In addition, 20 highway maintenance companies operating in the provinces will be privatized. The proposal will now be discussed by parliament.

However, the cabinet decided to postpone and reconsider the privatisation of 30-40 percent of Thermal Power Plants III and IV, which are strategically important for Ulaanbaatar, the world's coldest capital, and the lives of the people who live there.

The countries followed similar moves by the European Union, India and China. Russia estimated that it would lose $538 million because of the US tariffs, which President Donald Trump imposed in March. Japan reported $440 million, while Turkey added a further $267 million.

Earlier, China, the EU and India estimated their losses at $612 million, $1.6 billion and $165 million respectively. The countries that have turned to the WTO say the tariffs – 25 percent on steel and 10 percent on aluminium – cannot be explained by the US security concerns, the issue on which Washington is basing its actions.

Under WTO rules, if any country seeks to cut its imports, thus protecting local producers, it should compensate its trade partners with a net increase in imports of other goods. Washington has refused to do so. Japan and Russia have not provided the details on retaliation, but Turkey has said it would target 22 American goods, ranging from nuts, rice and tobacco to cars and steel products.