Coal power set for one last hurrah www.telegraph.co.uk

Britain's remaining coal-fired power plants could enjoy an 11th-hour revival in the early 2020s despite the Government’s drive to cut carbon emissions, if ministers choose not to risk raising household energy prices.

US opposition blocks World Bank's capital increase www3.nhk.or.jp

A committee of the World Bank Group has failed to agree on a capital increase due to opposition from the United States.

Fed's Yellen says watching inflation closely but economy is strong www.reuters.com

WASHINGTON (Reuters) - The U.S economy remains strong and the strength of the labor market calls for continued gradual increases in interest rates despite subdued inflation, Federal Reserve Chair Janet Yellen said on Sunday.

Sebastian Kurz: Austrian conservative set to become world's youngest leader www.bbc.com

Austria's conservative People's Party, led by 31-year-old Sebastian Kurz, is set to win the country's general election, projections suggest.
Mr Kurz is on course to become the world's youngest national leader.
The People's Party was set to win more than 31%. It is so far unclear whether the Social Democrats or the far-right Freedom Party will finish second.
Short of a majority, Mr Kurz's party could seek an alliance with the anti-immigration Freedom Party.
Addressing his supporters, Mr Kurz said: "It is time for change in this country. Today is a strong order for us, to change this country, and I say thank you to you all who made this possible.
"I'm overwhelmed, I am happy, and I look forward to working for Austria."
Who is Sebastian Kurz?
Before the election, Mr Kurz served as Europe's youngest-ever foreign minister, after he was appointed in 2013 aged just 27.
In May 2017 he became the leader of the People's Party. He began his political career in the youth wing of the party, which he chaired before moving on to serve on Vienna's city council.
Nicknamed "Wunderwuzzi" (roughly translated - someone who can walk on water), he has been compared to the young leaders of France and Canada, Emmanuel Macron and Justin Trudeau.
Much like Mr Macron, Mr Kurz has created a movement around himself, rebranding the People's Party - which has been in power for more than 30 years - as "The New People's Party".
What were the main issues?
Immigration was the dominant issue in the run-up to the vote, and Mr Kurz moved his party to the right in the wake of Europe's 2015 refugee crisis.
He appealed to conservative and right-wing voters with pledges to shut down migrant routes to Europe, cap benefit payments to refugees, and bar immigrants from receiving benefits until they have lived in Austria for five years.

Kyrgyzstan election: Sooronbai Jeenbekov wins historic election www.bbc.com

Bitcoin now bigger than Bayer, Goldman Sachs & Nike www.rt.com

The value of the world’s largest cryptocurrency bitcoin has broken the $5,800 mark, hitting another all-time high before retreating to the $5,600-$5,700 level, still close to the maximum.

Mongolia Energy Corporation Limited (0276) Is Yet to See Trading Action on Oct 13 www.highpointobserver.com

Shares of Mongolia Energy Corporation Limited (HKG:0276) closed at 0.244 yesterday. Mongolia Energy Corporation Limited currently has a total float of 1.88 billion shares and on average sees 2.32M shares exchange hands each day. The stock now has a 52-week low of 0.21 and high of 0.59.

Getting To Know Asia’s 3rd Largest Stock Exchange
Asia is home to some of the biggest and most successful stock exchanges worldwide. Mongolia Energy Corporation Limited together with other companies found their audience at this market. This is mainly the reason behind the region’s fast-paced economic growth.

In terms of market capitalization, the Stock Exchange of Hong Kong (SEHK) is the third largest stock exchange in Asia, making it the sixth biggest stock exchange globally. As of 2015, more than 1,800 stocks are listed on it, bringing its total market capitalization to almost HK$25 trillion.

Asia’s 3rd Largest Stock Exchange
Asia’s third biggest stock exchange has been around since 1891, making it one of the oldest stock exchanges in the region as well. Its establishment comes after the foundation of Hong Kong’s Association of Stockbrokers. The SEHK follows the Tokyo Stock Exchange (TSE) and the Shanghai Stock Exchange (SSE) in terms of market capitalization. Good Mongolia Energy Corporation Limited liquidity helps it to stay in the lists of SSE.

The pre-market session on the SEHK opens at 9:00 a.m. and concludes at 9:30 a.m. Then, the regular morning session opens at 9:30 a.m. and concludes at 12:00 n.n. The regular afternoon session on the SEHK opens at 1:00 p.m. and concludes at 4:00 p.m.

The Hang Seng Index (HSI)
The HSI, overseen by the Hang Seng Indexes Company, is the primary index in Hong Kong measuring the top 50 stocks on the SEHK. It monitors stocks based on market capitalization with respect to free-float shares or commonly traded shares.

Given its broad nature, the HSI had to be divided into four sectors on January 2, 1985 in order to provide a better representation of the nation’s equity market. These sectors are Utilities, Materials, Financials, and Energy.

A stock that has been listed on the SEHK for 24 months or more can be eligible for inclusion in the HSI. However, a stock that has been listed on the SEHK for just three months can already be eligible for inclusion as long as it comes with superior overall performance. The HSI is rebalanced four times a year in order to optimize economy indication.

Currently, the HSI has an all-time low of 58.61 points, which was last seen on August 31, 1967; and an all-time high of 31,638.22 points, which was last seen on October 30, 2007. Its all-time intraday high of 31,958.42 points was also last seen during the said session.

The HSI had first touched the 10,000-point level on December 10, 1993; the 20,000-point level on December 28, 2006; and the 30,000-point level on October 18, 2007. It had fallen almost 70% from its all-time high on October 27, 2008, touching the 10,000-point level once again.

Eventually, the HSI was able to make a comeback, touching the 20,000-point level again on July 24, 2009. It had touched the 25,000-point level on August 19, 2014; the 26,000-point level on April 8, 2015; and the 28,000-point level on April 13, 2015.

Investing on SEHK stocks is an ideal move for investors given Hong Kong’s competitive position in the global economy. SEHK is also one of the main goal for Mongolia Energy Corporation Limited.This year, CG Watch has once again recognized Hong Kong as one of the Asian nations boasting with excellent corporate governance.

More recent Mongolia Energy Corporation Limited (HKG:0276) news were published by: Reuters.com which released: “China’s Shenhua suspends two coal mines, Mongolia set to benefit” on August 04, 2017. Also Seekingalpha.com published the news titled: “Asia Frontier Capital’s Mongolia Travel Report” on November 14, 2016. Bloomberg.com‘s news article titled: “Mongolian Mining Seeks Debt Moratorium as It Outlines Winding Up” with publication date: July 08, 2016 was also an interesting one.

MONGOLIA ENERGY CORPORATION LIMITED is a Hong Kong investment holding firm principally engaged in resources businesses. The company has market cap of $459.03 million. The Company’s main businesses include the mining of coal, the production and sales of coal products, such as cleaned coking coal and steam coal, the provision of coal transportation services, as well as coal processing. It currently has negative earnings.

Ministerial candidates secure conflict of interest clearance www.montsame.mn

Ulaanbaatar /MONTSAME/ The Independent Authority Against Corruption ruled that the proposed members of PM U.Khurelsukh’s Cabinet have no conflict of interest.

Samsung Electronics CEO resigns over 'unprecedented crisis' www.bbc.com

Samsung Electronics chief executive Kwon Oh-hyun has resigned citing an "unprecedented crisis".
It is the latest management upheaval at the firm after the heir of the entire Samsung Group was imprisoned for corruption in August.
Mr Kwon is one of three co-chief executives of Samsung Electronics.
His resignation comes on the same day the firm forecast record quarterly profits, citing higher memory chip prices.
Mr Kwon, who also serves on the board of Samsung Electronics, said he had been thinking about his departure "for quite some time" and could "no longer put it off."
"As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company [to] start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry," he said in a statement.
He will remain on the board of Samsung Electronics until March 2018.
Ryan Lim, founding partner of the Singapore technology consultancy firm QED said "Samsung is in a leadership crisis situation".
Mr Lim said "the current management structure seems to be a complicated web that does not clarify, but rather confuses".
"This needs to be resolved soon as it can be worrying not to know who is truly steering the Samsung behemoth into the future," he said.
In response to the criticism, a spokesperson for Samsung told the BBC that a successor would be appointed "soon" but could not give a timeframe.
Corruption charges
Samsung Electronics is regarded as the jewel in the crown of the Samsung Group conglomerate, which is made up of 60 interlinked companies, and is one of South Korea's massive family-run businesses known as chaebols.
In August, the group's heir apparent Lee Jae-yong was convicted of bribery and corruption and sentenced to five years in jail.
Mr Lee is accused of giving donations worth 41bn won ($36m; £29m) to non-profit foundations operated by Choi Soon-sil, a friend of South Korea's former President Park Geun-hye, in return for political favours.

Erdene Intersects 20 Metres of 10.3 g/t Gold at Altan Nar Project and Expands Bayan Khundii and Altan Nar Drilling Program to 33,000 Metres www.erdene.com

Halifax, Nova Scotia – October 12, 2017 – Erdene Resource Development Corp. (TSX:ERD)
("Erdene" or "Company") is pleased to provide an exploration update on its gold projects in southwest Mongolia, including drill results from its 100%-owned Altan Nar Gold-Polymetallic Project (“Altan Nar”), and an update on its flagship, 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”), 16 kilometres southeast of Altan Nar, where drilling is on-going with results pending.
“Today’s results from Altan Nar are a further testament to the exceptional fertility of this emerging gold district,” said Peter Akerley, Erdene’s President and CEO. “These results demonstrate significant expansion potential for the existing deposit areas and provide exciting new discovery opportunities within the greater 5.6 kilometre Altan Nar trend. Our continued exploration success at both the Bayan Khundii and now the Altan Nar gold projects has led to a decision to significantly increase our 2017 drill program.
When considered in the broader district-scale context, we believe the success rate experienced by our
company at the grassroots drilling stage is a good indication of the region’s potential for additional
discoveries.”