As of June 2017, China's non-financial direct investment (FDI) in Mongolia totaled $4.1 billion. Contributing to 30 percent of the country's FDI, China is the second biggest foreign investor in Mongolia, official data also showed.

To take China-Mongolia commercial cooperation to a new high, China will work with Mongolia to synergize the Belt and Road initiative and the Development Road strategy, tapping into respective comparative advantages for strengthened cooperation in infrastructure, agriculture, mining, resources and people's livelihoods, Qian said. 

The second China-Mongolia Expo is scheduled to be held in Hohhot, capital of North China's Inner Mongolia Autonomous Region, from September 26 to 30 to function as a new platform for China and Mongolia relations, MOFCOM announced on Tuesday. 

The theme of the expo is "Building China-Mongolia-Russia Economic Corridor, Embracing Global Cooperation and Win-win Results", Ai Lihua, Vice Chairperson of Inner Mongolia, told a press briefing. Both countries believe this is an optimistic platform that will enhance trade, investment, tourism and cultural exchanges and cooperation in Northeast Asia. 

China has been Mongolia's largest trading partner for a dozen or so years. In 2016, their bilateral trade stood at $4.61 billion, accounting for 60 percent of Mongolia's total foreign trade, according to official data. The two countries' economic and technical cooperation keeps deepening. To continue advancing the development of the ties, China has made efforts in assisting Mongolia in infrastructure, people's livelihoods and consumer goods as well as training over 3,600 people across the sectors. 

"Our bilateral cooperation mechanisms see continuous innovation. The two sides have actively leveraged the Mongolia-China Joint Committee on Economic and Trade Cooperation," Qian also said. "The two countries are also exploring the Erlianhot-Zamyn-Uud Cross-border Economic Cooperation Zone. The feasibility of a China-Mongolia free trade agreement will also be determined shortly," Qian continued.

The biennial event, scheduled for September 26 to 30 in Hohhot, capital of China's Inner Mongolia autonomous region, will help promote China-Mongolia economic ties to a high level and improve cooperation among northeast Asian nations at large, Qian Keming, vice-minister of the MOC, said at a press briefing.

China has been the largest trading partner with Mongolia for more than a decade with bilateral trade up 44.2 percent year on year to reach $3.1 billion in the first half of 2017, he said.

Chinese investment in Mongolia has also seen robust growth with non-financial outbound direct investment reaching $4.1 billion by June this year.

Both countries will further strengthen bilateral cooperation in infrastructure, animal husbandry and mineral resources, Qian said.

Over 2,000 delegates from China, Mongolia and Russia will attend the expo to carry out pragmatic cooperation to strengthen economic ties, Ai Lihua, vice-chairman of Inner Mongolia autonomous region, said at the briefing.

At the conclusion of the visit, Mr. Mathai made the following statement:

“The economy is rebounding, with GDP growth likely to reach 2 percent this year on the back of strong coal production and exports, high private investment, and a return of confidence following the approval of the $5.5 billion IMF-led package.

Performance under the program has been good, with all quantitative targets on track. Fiscal results have been better than expected, supported by strong revenues and tight expenditure control. About half of the revenue overperformance will be saved, thus helping to reduce borrowing and control debt, while the remainder will be used to fund productive spending in line with the government action plan. Net international reserves have improved, reflecting strong export performance and capital inflows into the government securities market.

The authorities have moved ahead with their ambitious structural reform agenda, which will help to sustain growth over the medium term. The strengthening of the banking system is underway: the Asset Quality Review will soon be launched, important legal reforms are being drafted, and improvements to the regulatory and supervisory framework are being implemented. On the fiscal side, steady progress is being made in strengthening tax administration, tax policy, and budgetary controls, including through the establishment of a Fiscal Council. To strengthen the social safety net and target expenditures toward the most vulnerable, the government is fine-tuning the Child Money Program, with a commitment to target the program to less affluent families from 2018 and use the savings to increase food stamps for the poor.

The authorities and the team have reached staff-level agreement on the completion of the first review under the EFF arrangement, which is subject to review by the management and Executive Board of the IMF. The Board is expected to consider the first review in late September, and this could lead to a disbursement of SDR 27.9560 million, or about $37.82 million.

The team thanks the authorities for their cooperation, constructive dialogue, and hospitality during its stay in Mongolia.”

The Bluetooth transmitter is attached to a printer circuit board, which Facebook says can only be installed by an original equipment manufacturer, according to FCC filings.

In other words, it's a component that will be integrated into some sort of device, which Facebook is keeping under wraps for now (much of the info in the filings is still confidential).

The filings, which were filed in June, come as evidence mounts suggesting Facebook is working on new consumer hardware. On Tuesday, Bloomberg's Mark Gurman reported that Facebook's Building 8 group was developing a video chat device and a smart speaker, similar to Amazon's Echo. Business Insider previously reported that Facebook recently patented a modular device that could function like a smart speaker with a touchscreen. 

There are a few clues in the filing that point to some kind of drone or telecommunications-related product. The filing is under FCL Inc, which is the name of the subsidiary that Facebook uses for drone-related technologies, such as its Aquila drone. And the contact name on some of the documents is Andrew Guhr, a Facebook lawyer whose LinkedIn bio describes him as Associate General Counsel, Telecommunications at Facebook.

Guhr's job description raises some intriguing possibilities for the mystery product:

"Advising on telecom laws and regulations around the globe on projects ranging from submarine cables, terrestrial networks, wireless networks, experimental technologies, and next-generation OTT services."

He was addressing a regular meeting of National Committee for Environmental Pollution Reduction, the former National Committee for Air Pollution Reduction, which took place on August 1, Tuesday. “There’s no way we can fight against air pollution with what produces smoke”, he said.

Prime Minister and Head of the committee J.Erdenebat also stressed the necessity of taking efficient measures to prepare for winter in order to secure a safe living environment for everyone.

The meeting covered ‘Green loan’ fund, wintering preparations and progress of electrical overload prevention measures. The meeting was attended by members of the committee and representatives of other public organizations.

As of the first half of 2017, 114,512 residents of ger areas benefitted from electricity discount, with 6,363 households being newly connected to electricity. According to B.Nasantogtokh, Head of Department of Policy Management at the Ministry of Energy, winter preparations are 43 percent complete. He also reported that an information center for eco-friendly technology is ready to operate in four branches of the capital city one-window service offices.

The Prime Minister then issued several instructions. He assigned the Ministry of Justice and Home Affairs to take measures on facilitating the legal environment for ‘Green Loan’ fund; the Ministry to Energy to intensify winter preparation activities at the heat supply network, and continue the night-time electricity discount; and the authorities of the capital city and provinces to speed up the winter preparation actions in their respective administrative units in order to fulfill their goals within the autumn.

The stock climbed above its intraday record high to $159.10 after the company reported better-than-expected iPhone sales, revenue and earnings per share. The stock price move was expected to help drive the Dow Jones Industrial Average over the 22,000 mark on Wednesday.

Apple also said it hit a milestone of 1.2 billion iPhones sold.

The April-June quarter is traditionally a soft one for Apple as the market waits for the September launch of new iPhone models. But Tuesday’s results show that iPhone buyers may be less inclined than they once were to delay purchases until a new model is out.

The iPad product lines also showed unexpected strength, service revenue continues to grow at a healthy clip, and even the much-maligned Apple Watch showed a 50 percent sales increase.

Apple is widely tipped to adopt higher-resolution OLED displays for the latest iPhone, along with better touchscreen technology and wireless charging - which could come with a $1,000 plus price tag.

The phone is expected to launch in September.

The company forecast total revenue of between $49 billion and $52 billion for the current fourth quarter, while analysts on average were expecting $49.21 billion, according to Thomson Reuters I/B/E/S.

Apple's fourth quarter generally includes first-weekend sales of the company's latest devices.

Spot gold was down 0.1 per cent at $1,267.4 an ounce by 2:00 p.m. EDT, after rising to its highest since June 14 at $1,270.98. This means that the precious metal showed a strong performance in July, as it is on course for a 2.1 per cent rise this month.

U.S. gold futures settled down 0.1 per cent at $1,266.60.

Quoted by Reuters, Commerzbank analyst Eugen Weinberg explained that geopolitical tensions and internal uncertainty could mean a stronger demand for gold as the U.S. currency falls into its lowest in 16 months against a basket of currencies.

Silver, on the other hand, was up by 0.8 per cent to $16.79 an ounce, after rising to $16.88, the highest since June 29.

Palladium climbed 1.1 per cent to $886.30, and platinum rose 1 per cent to $938.30.