The suspects allegedly profited from the exchange rate between the Chinese yuan and the Hong Kong dollars. Almost 150 “illegal and fraudulent accounts” are suspected of being involved, said the police, adding the investigation was still ongoing.

The people running the underground bank had illegally bought and stolen the identity documents of more than 200 people to open the fake accounts that underpinned the enterprise, said the authorities.

China’s public security ministry cracked down on more than 380 illegal underground banks last year, involving over 900 billion yuan ($137 billion). In 2015, Beijing busted the country’s biggest “underground bank” which handled $62 billion (410 billion yuan) of illegal foreign-exchange transactions. The bank transferred money overseas using non-resident accounts, exploiting regulatory loopholes and bypassing oversight. More than 370 people have been arrested; some face lawsuits or criminal charges.

Chinese authorities have imposed strict limits on the amount of cash that can be moved out in an attempt to keep a firm hand on the value of its currency. The government set a $50,000 limit on the money citizens can move out of the country in a year while businesses can make bigger transactions.

The restrictions led some Chinese nationals to use underground banks to get cash overseas illegally because they felt investments were safer outside the country.

Singapore has less traffic congestion compared to many other cities in Southeast Asia, due to road tolls and policies that promote public transport.
The country also hopes to become a leader in driverless technologies.

Driverless taxis are already being trialled in Singapore.
"Our land transport constraints may help us become a global player in urban mobility solutions. What works here is likely to also work in other cities," said Mr Khaw, who was speaking at the launch of a test centre for self-driving vehicles on Wednesday.
The new centre will allow driverless developers to test how their cars and buses would handle pedestrians, heavy rain, aggressive drivers, cyclists, scooters and other road scenarios.
At least 10 companies are currently testing driverless car technology in Singapore, Mr Khaw added.

The Ambassador conveyed best regards from President Khaltmaa Battulga to Rahmon.

He also expressed his readiness to work on further development of friendly relations between Mongolia and Tajikistan.

Over the past two years, China's Mongolian language working group has been collecting, reviewing and translating words that were absent in the existing Mongolian language.

According to deputy head of the group Qi Jinyu, the new words related to politics, economy, technology, society, law and the Internet will be published in Mongolian media and compiled as a mini dictionary.

The timely update of the Mongolian vocabulary is conducive to the ethnic group's understanding of modern society and the development of the millennia-old language, Qi said.

Mongolian speakers mainly live in China, Mongolia and Russia. About 6.5 million people of the Mongolian nationality live in eight Chinese provinces and regions including Inner Mongolia, Liaoning, Gansu, Xinjiang and Qinghai.

The project would be carried out together with the Baltic country's ministry of environment at a cost of approximately $53 million. Part of the initial investment will be funded by Momentum Capital and other venture capitalists and financial institutions. The European Union will provide a grant of about $30 million.

With the idea of supplying clean energy to utility companies in Nordic countries and Central Europe, the bio-coal plant will rely on a torrefaction technology developed by a Dutch company called Clean Electricity Generation. The goal is to produce and process approximately 160,000 tonnes of torrefied bio-coal pellets per annum.

The bio-coal pellets are obtained from forest residues and the idea is that they partially or fully replace fossil coal in electrical power or heat generation.

The production line includes CEG’s proprietary torrefaction reactor, syngas cleaning equipment (wet scrubbing) and commercial gas engines. The way it works is that syngas derived from the biomass is used to power the gas engines producing renewable electricity. Subsequent to power generation, the hot engine exhaust is used to heat the torrefaction reactor and supplement the biomass material drying. The reactors then utilize vibratory conveying technology to move material within its sealed components. Each reactor is coupled to a bespoke syngas cleaning system for the removal of tars and connected to a gas engine to create a reliable production line.

Although the process is similar to charcoal production, "it takes place in a much lower temperature environment that requires less exotic and less expensive materials, which results in biofuels with more favorable combustion properties, better mechanical and storage properties, and higher energy density," CEG states on its website.

According to Baltania, the energy density and grind-ability of renewable and sustainable bio-coal pellets are similar to thermal steam coal and significantly higher than that of white wood pellets or wood chips. This also means that logistic costs per tonne transported are lower.

The company expects that its plant helps revitalize the eastern town of Vägari by creating at least 30 jobs in production, 300 jobs in harvesting and logistics, and more than 200 temporary jobs during the construction phase.

Although it's getting the smallest discount, the most significant deal being offered is on the Sonos One. The Alexa-enabled Sonos speaker was only released last month, but has gotten quite a lot of fanfare. The marriage between Sonos' connected speaker ecosystem and Amazon's Alexa smart home platform is very powerful. You no longer have to sacrifice audio quality for convenience, which was a big issue with the original Echo.

The One lets you control your smart home accessories and listen to your favorite music without a big compromise.

Unchanged since last year, the PLAY: 1 and PLAY: 3 are Sonos' entry and mid-range speakers. Each can be used individually, or paired with an additional PLAY: 1 or PLAY: 3 for stereo sound. I was able to try the PLAY: 1 for myself earlier this year, and now I understand why Sonos' speakers are so popular. Between their easy setup, surprising flexibility, and great sound quality, it's hard to recommend other speakers in their respective price ranges.

The PLAYBASE and PLAYBAR are Sonos' home theater solutions, and they have a lot in common. Both cost the same amount, can be paired with PLAY: 1 speakers and a Sonos SUB to create a full surround-sound system, and have been very well received. The PLAYBAR looks like a traditional soundbar and can be mounted, while the PLAYBASE is meant to sit directly underneath your TV. 

All of these deals are well worth considering whether you've got Sonos speakers already or are looking to start your collection. The Sonos One, PLAYBAR, and PLAYBASE, will be discounted from November 24 through November 27, but the PLAY: 1 and PLAY: 3 will keep their lower prices as long as supplies last. Still, these speakers are so popular that you should act sooner than later.

On the secondary market for government bonds, 130 bonds with a value of MNT12.9 million were traded.

On the secondary market for government bonds in block trading, 17,916 bonds with a value of MNT1.7 billion were traded.

The MSE ALL Index increased by 1.89 percent to stand at 1,257.51 points. The MSE market cap stands at MNT 2,413,489,557,901.

A new page to be published on Facebook's help center by the end of the year will show whether some accounts interacted with the Russia-linked accounts, Facebook said in a blog post.

"This is part of our ongoing effort to protect our platforms and the people who use them from bad actors who try to undermine our democracy," Facebook said.

Roughly 150 million Facebook users saw posts shared by pages belonging to the Russian propaganda organization known as the Internet Research Agency, Facebook previously told US investigators.

While Facebook will show some users the affiliated pages they liked or followed, the company maintains that technical and privacy reasons keep it from showing whether such propaganda was shown as a paid ad or as a post in the News Feed.

Facebook's move to disclose more about such activity on its platform to users follows Twitter's announced plan to create a public hub that allows anyone to see all ads running on its platform and how they are targeted. Facebook already announced plans to let users see who is behind ads run on its network, but Tuesday's announcement marks the first time the company committed to showing people non-paid posts affiliated with Russia.

Tesla deals account for $485 million of the more than $1.3 billion raised so far this year, according to Bloomberg New Energy Finance. Solar Mosaic Inc., an industry financier, has raised $466 million, followed by rooftop solar company Sunnova Energy Corp. with $255 million. The total last year was $321 million.

The uptick shows that the residential solar industry has become large enough for installers to monetize long-term consumer contracts by refinancing them in the capital markets.

The appeal of securitization is straightforward: it allows residential-solar companies to realize the value of their long-term consumer contracts by refinancing them in the capital markets. Accessing cash is especially important now, with installations contracting and mounting investor focus on profitability.

“The ABS market finally popped this year,” Nathan Serota, a New York-based analyst at Bloomberg New Energy Finance, said in an email Wednesday. “Newer entrants to the solar-finance space achieved sufficient scale to access the capital markets while established national solar firms are on the lookout for cash wherever it can be found -- and securitization is one way to bring money in the door,”

That Tesla leads the pack isn’t a surprise. Its energy unit, formerly known as SolarCity, has led every year since the solar-ABS market debuted in 2013, and it remains the biggest U.S. rooftop-solar company despite shedding market-share this year. What’s different now is that this is the first year that there have been more than two issuers, and the amount issued by Mosaic and Sunnova each has exceeded SolarCity’s previous annual high. Dividend Solar Inc. has rounded out the offerings this year with $129 million.

Still, the slowing market will probably mean lower ABS volume next year.

“Solar ABS issuance is a trailing indicator of residential installations,” Serota said. “Fewer systems installed, fewer contracts to securitize.”

Chancellor of the Exchequer Philip Hammond announced this in his budget speech to parliament on Wednesday.

He said Brexit negotiations are entering a critical phase. Hammond stressed that securing free and frictionless trade with the EU is important for the economy and businesses.

He said the government is determined to prepare for "every possible outcome," suggesting the fund is being set aside in case Britain leaves without a free-trade deal with the EU, or if the country has to spend more on border controls after Brexit.

Hammond also announced that Britain has slashed its economic growth forecast for 2017 from 2 to 1.5 percent amid economic uncertainty in the run-up to Brexit.

He said that while many challenges lie ahead, Britain must seize new opportunities. He said that the UK will speed up the development of technologies that will form the backbone of the future economy, such as artificial intelligence and next-generation communications systems.