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United Airlines reaches settlement with passenger dragged from plane www.reuters.com

United Airlines (UAL.N) and the passenger who was dragged from a Chicago flight earlier this month have reached a settlement for an undisclosed sum, they said on Thursday, in the carrier's latest step to contain damage from an incident that sparked international outrage.

Brexit not deterring Asian investors from UK property market www.bbc.com

Investing in property is a mainstay of most Asian portfolios and the UK has typically been among the most desirable of destinations.
Recent data suggests that despite the uncertainty created by Brexit and the upcoming general election, Asian investors are flocking to the UK's shores more than ever before.
Research from property investment firm JLL indicates that Asian investors accounted for 28% of the transactions in the UK property market in 2016, up from the 17% the year before.
London in particular continues to be a strong attraction, especially for Asian families who have long had a link to the city.
Pamela Kirpalani's family is originally from India, but she now lives and works in Singapore and runs her own training consultancy, Singapore Inner High Living. Her family are long time investors in the UK property market.
'London is London'
"London for us will always be a safe haven," she told me.
"Our families are spread across India and Singapore and eventually we would like our kids to go to college [in the UK]."
Pamela's family has recently bought their third place in the heart of the city.
"London is London," she said. "Even with the panic of Brexit, and things go up and down in the economy, property prices in the centre of London just always bounce back. So you just can't go wrong with that kind of investment."
It's investors like Pamela that led Manchester-based Select Property to set up an office in Singapore in 2015.
Elliot Vure is the Asia sales manager for the firm. He showed me a model of the latest development - Affinity Living - that the company is building in Manchester, and selling in Asia. On average one of the flats in the building costs about £275,000.
"We've probably seen 30% to 40% of the development being sold to Asian investors," he told me as we toured the firm's offices in Singapore.

Mr Vure added that there's a unique aspect to the way Asians buy their property in comparison to other buyers.
"The vast majority of almost all of the investors in this region are cash purchasers. There's no real desire to get a mortgage," he said.
"People in the UK look for financing and a mortgage, but in Asia it seems to be the opposite."
A lot of that wealth is coming from China, which has been one of the biggest buyers of UK property in the last year, buoyed by the weaker pound in the wake of the uncertainty caused by Brexit.
According to Juwai.com, which calls itself China's leading international property portal, growth in the enquiries into UK property in the last 12 months has jumped 60%, and Chinese buyers are increasingly interested to the UK.
"A lot of our buyers are the average Chinese mom and pop looking to invest overseas," Sue Jong, the chief operating officer of Juwai.com told me.
"The large portion is the middle to upper middle class, that's interested in a good stable investment and may be thinking about emigrating or sending their kids to school there."
The demand for property amongst Asian investors has convinced many that this is a market worth expanding in.

Asian investors have not been deterred by the prospect of Brexit
But it's not just physical properties that Asians may be interested in buying.
Prop-X is a property exchange launching later this year, offering Asian investors a shot at owning a share of a property, without so many of the risks.
"What seems to be a fundamental part of the culture is that Asian investors have had a preference for investing in bricks and mortar," chief executive Rohin Modasia told me.
"It's a long standing trend. Post the global financial crisis, the UK has performed pretty well. And Asian investors now are more willing to say I've seen it happen, I've seen my friends do it, and I'm keen to get in on the action."
By some estimates, two thirds of the global middle class by 2030 will be living in Asia. They've been the driving force behind investor appetite in global real estate markets, including the UK's.
As Asia's middle classes get richer and more aspirational, that appetite is only likely to grow.

Mongolian media goes dark to protest press freedom threat www.dnaindia.com

Mongolia-China infrastructure cooperation matters discussed in Beijing www.vom.mn

Online platform for interbank currency exchange launched www.vom.mn

Cabinet considers bilateral treaties with Hong Kong and Macau www.en.montsame.mn

Steelmakers continue capacity cuts www.chinadaily.com

China's steelmakers need to press ahead with capacity cutting and deleveraging, despite the sector's strong performance in the first quarter of the year, an expert said.

MMC Operational update www.mmc.mn

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for
the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents
of this announcement.
MONGOLIAN MINING CORPORATION
(In Provisional Liquidation)
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 975)
OPERATIONAL UPDATE
FOR THE QUARTER ENDED 31 MARCH 2017
The board of directors of the Company (the “Board”) has adopted a policy of announcing
unaudited operational updates on a quarterly basis. This announcement sets out the unaudited
operational update for the quarter ended 31 March 2017. The comparative numbers for the quarter
ended 31 March 2016 are also disclosed in this announcement.
Table 1. Main operational data for the quarter ended 31 March 2017:
Item Unit The quarter ended 31 March
Year on Year
change (%)
2016 2017
ROM coal mined kt 431.1 1,644.8 282%
ROM coal processed kt 521.0 1,547.8 197%
HCC product kt 255.3 797.3 212%
HCC product yield % 49.0% 51.5% +2.5 ppt
HCC product sold kt 211.5 798.1 277%
The main operational data summarized and shown above in Table 1 are derived from the internal
records of the Group and are intended to give investors an overview of the Group’s operations in a
timely manner and may differ from the data disclosed in periodic reports of the Company.
In the quarter ended 31 March 2017, the Group’s mine production increased by 282% as compared
to the corresponding period of 2016 with quarterly run-of-mine (“ROM”) coal mining output
achieving 1,644.8 thousand tonnes (“kt”).
Total 1,547.8 kt of ROM coal was processed, representing 197% increase compared to the
corresponding period of 2016 and resulting in the production of 797.3 kt of washed hard coking
coal (“HCC”) product at 51.5% yield.
2
The Group sold a total of 798.1 kt of HCC product in the first quarter of 2017, representing 277%
increase compared to the corresponding period of 2016.
The aforesaid operational data are not an express or implied forecast or guarantee in respect of the
Company’s future operating conditions.
In addition, various factors may affect results, including (but not limited to) acts of the God,
changes in market conditions and regulatory interferences, as such material differences may exist
in the operational data published from quarter to quarter.
Investors should note that undue reliance on or use of the above information may cause
investment risks.
For and on behalf of the Board
Mongolian Mining Corporation
(In Provisional Liquidation)
Odjargal Jambaljamts
Chairman
Hong Kong, 27 April 2017
As at the date of this announcement, the board of directors of the Company consists of
Mr. Odjargal Jambaljamts and Dr. Battsengel Gotov, being the executive directors of the Company,
Dr. Oyungerel Janchiv, Mr. Od Jambaljamts and Mr. Gankhuyag Adilbish, being the non-executive
directors of the Company, and Dr. Khashchuluun Chuluundorj, Mr. Unenbat Jigjid and Mr. Chan
Tze Ching, Ignatius, being the independent non-executive directors of the Company.