1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Disney boss warns China trade war would be damaging www.bbc.com

 
Walt Disney's chief executive has warned that a trade war between the US and China would be bad for business.
China is increasingly important for the firm's movie and merchandise sales.
And it says Disneyland Shanghai - its first theme park in mainland China - was one of its "biggest success stories in 2016."
But there are fears protectionist policies being pursued by US President Donald Trump could set off a trade war between the two countries.
'Can't shut borders'
During his election campaign, Mr Trump threatened to impose a 45% tariff on Chinese imports, to try and tackle what he sees as an increasingly unbalanced economic relationship between the nations.
"An all-out trade war with China would be damaging to Disney's business and to business in general," Disney's chief executive Bob Iger told CNBC.
He was also critical of an executive order signed by Mr Trump barring migrants and refugees from several Muslim countries.
"We cannot shut our borders to immigrants," he said.
Holiday boost
The comments came as Disney reported overall sales unexpectedly falling to $14.8bn (£11.8bn) in the three months to the end of December, which is 3% lower than the same period a year ago.
It blamed a drop in advertising earnings at its cable network ESPN and a 7% fall in revenues at its movie business.
Disney's shares initially dropped 2% in after hours trading.
Since it opened its gates last June, Disneyland Shanghai has received more than 7 million visitors.
The firm reported tickets had been sold out over most of the Lunar New Year holiday period which began ten days ago.
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Exclusive: Tesla pausing factory for Model 3 preparation this month www.reuters.com

 
Tesla Inc (TSLA.O) said on Wednesday it will shut down production at its California assembly plant for a week this month to prepare for production of its high-volume Model 3 sedan, moving the company closer to meeting its target to start production in July.
 
Tesla said the "brief, planned" pause would allow the company to add capacity to the existing paint shop to prepare it for the Model 3, and other general maintenance.
 
"This will allow Tesla to begin Model 3 production later this year as planned and enable us to start the ramp towards 500,000 vehicles annually in 2018," said a Tesla spokesman.
 
He added that the pause was not expected to have a material impact on first-quarter production or delivery figures, as the company had added production days to compensate.
 
Separately, sources told Reuters that the luxury electric carmaker planned to begin test-building the Model 3 on Feb. 20.
 
Tesla Chief Executive Elon Musk last year told investors and more than 370,000 customers who put deposits down for a Model 3 that he intended to start building the cars in July 2017. At the time, many analysts and suppliers said the timeline was too ambitious and would be difficult to achieve, pointing to Tesla's history of missing aggressive production targets.
 
If Tesla succeeds in starting pilot production of the sedan at its factory in Fremont, California on Feb. 20, as people familiar with the matter told Reuters, the company would be able to share the news with shareholders two days later when it reports fourth-quarter results and better answer any questions about the Model 3 rollout.
 
'STOKE THE FAN BASE'
 
The sources did not know how many of the highly anticipated vehicles Tesla aimed to build in February, but it would likely be a small number to test the assembly system and the quality of vehicle parts.
 
"What better way to stoke the fan base and Wall Street than to wheel out pre-production models" ahead of the earnings announcement, said one person familiar with Tesla's plans who spoke on condition of anonymity.
 
The Tesla spokesman declined to comment on the company's production schedule.
 
Musk had told investors last year that the company could miss the July 2017 startup target if suppliers do not meet deadlines.
 
Tesla has a lot riding on the Model 3, which is priced at roughly $35,000 before government incentives. If successful, the sedan could raise Tesla beyond a niche luxury player in the automotive sector.
 
Tesla has not had a profitable year since going public in 2010, though the company's $41.4 billion market capitalization now equals that of Nissan Motor Co Ltd (7201.T), which reported a profit of $4.7 billion last year.
 
Musk's bold approach to cars, space exploration and clean energy has fueled investor enthusiasm for Tesla, but skeptics are waiting to see if Musk can fulfill his promise of producing 500,000 cars per year by 2018.
 
That would expand Tesla's annual production by four to five times compared to 2016 levels. In its fourth quarter, Tesla produced 24,882 vehicles.
 
Tesla disclosed in May that it had taken 373,000 refundable $1,000 deposits for the Model 3, underscoring its appeal ahead of production. The company has not since updated that number. Total sales of fully electric vehicles last year in the United States amounted to just 84,275 vehicles, according to data compiled by the Electric Drive Transportation Association.
 
MOVING DESIGN TARGET
 
Sources with knowledge of the Model 3 timeline had called it extremely aggressive, with challenges compounded by Tesla making last-minute changes to the car's design. Such design tweaks can delay production, and add cost as suppliers rework tools and molds to meet new specifications.
 
Musk said in July the design of the Model 3 was complete. The car, he told shareholders earlier in May, would be "easy to make" and free of the complicated design that led to production delays in the Model X sports utility vehicle.
 
It is common practice for automakers to make minor adjustments to a "finished" design for a variety of reasons, ranging from fit and finish to safety.
 
One source said last week that design changes were still underway for the Model 3, which could potentially hinder the ramp-up to full production. Tesla declined to comment on whether the design was still being tinkered with.
 
Tesla's previous launches for the Model S sedan and Model X sports utility vehicle were marked by production delays and initial quality issues.
 
That track record meant some analysts were skeptical that Musk would launch production by July. "We assume 0 Model 3 deliveries in '17," Barclays analyst Brian Johnson wrote in a Jan. 3 note, while Morgan Stanley's Adam Jonas in a Jan. 19 note said he expected a "soft launch" of the Model 3 to be delayed until late 2017.
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MHI asks Hitachi to pay $6.8 bil. for power plant www3.nhk.or.jp

 
A dispute is intensifying between two Japanese corporate giants over a thermal power plant project in South Africa. Mitsubishi Heavy Industries has asked Hitachi to pay 6.8 billion dollars to cover losses over the joint venture.
Mitsubishi Heavy Industries is expected to post losses due to the project's ballooning costs. A Hitachi subsidiary launched the power plant project before the joint venture was set up three years ago.
Executives at Mitsubishi Heavy Industries said talks with Hitachi are continuing but declined to give further details.
Hitachi officials are refusing to accept the request for payment saying it lacks legal ground. Both two sides say their joint venture will continue despite the dispute.
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Boeing front-runner for $13.8 billion Singapore Airlines order: Bloomberg www.reuters.com

 
Boeing Co (BA.N) is the front-runner for a Singapore Airlines Ltd (SIAL.SI) order of at least 35 wide-body aircraft that could be valued at around $13.8 billion at list prices, Bloomberg reported.
A decision to go with Boeing would be a setback for Airbus Group (AIR.PA), which plans to build a bigger version of its A350 although these plans have already been placed on hold amid uncertainty over demand for wide-body jets.
Singapore Airlines is looking at choosing 20 of the latest model of Boeing's 777, the 406-seat 777-9 over a stretched version of the Airbus A350, Bloomberg said, citing people familiar with the matter.
It is also poised to take at least 19 of the longest Dreamliner model, the Boeing 787-10, it reported, adding that the order could be unveiled this week.(bloom.bg/2lscCA1)
Canada gives aid to Bombardier, vows to defend any trade dispute
Singapore Airlines said in a statement that it has discussions with aircraft manufacturers on a regular basis about its fleet requirements.
"Such discussions are confidential until we have a firm deal to announce", it said.
Boeing declined to comment.
Singapore Airlines has also reviewed a proposed version of the twin-engine 777 that would carry about 450 passengers, a load previously handled by four-engine jumbo jets only, Bloomberg said.
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Apple boss Tim Cook criticises Trump travel ban www.bbc.com

 
Apple chief executive Tim Cook has repeated his opposition to US President Donald Trump's travel ban.
He was speaking after he collected an honorary doctorate at the University of Glasgow.
Earlier Mr Cook visited an Apple store in Glasgow, where staff gave him a tartan scarf and a drawing.
His comments on the presidential decree targeting seven predominantly Muslim countries came in a Q&A session at the university.
Responding to questions from students and staff, Mr Cook said: "I wrote this letter, you probably read about it unless you're living underground, about the most recent executive order that was issued in the US.
"We have employees that secured a work visa, they brought family to the US, but happened to be outside the US when the executive order was issued and all of a sudden their families were affected.
"They couldn't get back in. That's a crisis. You can imagine the stress.
"If we stand and say nothing it's as if we're agreeing, that we become a part of it. It's important to speak out."
Mr Cook has taken a strong stance on user privacy and other issues which have at times brought him into conflict with the US authorities.
Since taking the helm of the company, Mr Cook has led the introduction of new products such as the iPhone 7, iPad Pro and Apple Watch.
He is also leading a company-wide effort to use 100% renewable energy at all Apple facilities.
In 2015, the 56-year-old became an honorary patron of Trinity College Dublin's Philosophical Society and gave a talk to students.
The embroidered picture presented by the Apple store staff shows Mr Cook waving and the words: "Welcome Tim."
It also features saltire flags and the Loch Ness monster.
He said: "That's great. I recall looking for the Loch Ness monster in 1984.
"Everything is right but the colour of the hair."
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Goldman moves London hedge fund to US www.bbc.com

 
A Goldman Sachs hedge fund is closing its London operations and moving staff to New York, the firm has confirmed.
About eight staff members who were part of the Goldman Sachs Investment Partners (GSIP) Team in London have been told to move.
The decision follows the departure of the team's managing director, Nick Advani.
Goldman Sachs said that the move had nothing to do with the UK's exit from the European Union.
'This is a discrete decision for reasons specific to GSIP, one investment team within Goldman Sachs, and shouldn't be construed as anything but that," it said in a statement.
Mr Advani announced last year that he would be stepping down from his role as managing director. He is now an advisory director with Goldman.
GSIP was set up in 2008 with $7bn (£5.6bn) in assets and at the time was one of the biggest-ever hedge fund launches. According to its website it has offices in New York, Hong Kong and Tokyo, as well as London.
It is part of Goldman Sachs Asset Management, an investment manager with $1.15tn in assets under supervision.
The news of GSIP's departure comes amid widespread speculation that many financial jobs based in London might migrate to cities in the rest of Europe, such as Dublin, Paris or Frankfurt, so that the banks concerned could continue to offer their services to EU clients.
HSBC and UBS have warned that they will have to move some London staff abroad when the UK leaves the EU.
Last month, Lloyd Blankfein, chief executive of Goldman Sachs, said the bank had been moving parts of its "global operations" team to London, but was now "slowing that decision".
 
 
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MBD business mission to MBCCI's "The 6th Mongolia London Business Forum” and program London, UK www.mongolianbusinessdatabase.com

Mongolian Business Database MBD (www.mongolianbusinessdatabase.com) is starting to register the business participants to Mongolian-British Chamber of Commerce and Industry's "The 6th Mongolia London Business Forum" in April 05.2017 and business program which includes the opening of London Stock Exchange by Mr.Ts. Munkh Orgil, Foreign Minister of Mongolia, Sixth Mongolia London Business Forum at Bloomberg and the annual UK Parliamentary Tea with the All Party Mongolian Parliamentary Group 
The MBCC (http://mongolianbritishcc.org.uk) is a not-for-profit membership organisation established in 2009 to foster strong business links between Mongolia and the UK. Chaired by Mr John Grogan former British Parliament member, it aims to provide a professional and social environment for business people who wish to be introduced to, and become part of, the British-Mongolian business culture and community.
Please visit to following link for information in details and contact at contact@mongolianbusinessdatabase.com e mail, 77109911, 99066062 for the registration and inquiry.
The registration will close in March 03 Friday. 2017
(P:S. English Premier League’s Chelsea vs Manchester city game will be on April 05 in London during this mission)

http://www.mongolianbusinessdatabase.com/base/eventsdetails?id=19 

 

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Strengthening ruble boosts Russian imports www.rt.com

 
Russian imports surged 36.4 percent year on year in January, as the ruble strengthened significantly, becoming the world’s best-performing currency last year.
In the first month of the year, Russia imported $11.1 billion worth of products from non-CIS countries, by far the biggest amount since the escalation of the economic crisis in the country.
According to Russian customs data, imports of machinery grew by 45 percent to $5.27 billion, chemical products by 35.7 percent to $2.1 billion, and imports of clothing rose 27.8 per cent to $828.1 million.
“The strengthening of the ruble during the year increased the purchasing power of the population and entrepreneurs, who have accumulated a pent-up demand for high-quality imported products,” said Sergey Pukhov from the Russian Higher School of Economics (HSE), as quoted by Finanz.ru.
Year on year, the Russian ruble has gained over 24 percent against the US dollar, the biggest increase among all currencies.
Many Russian exporters, particularly agriculture producers, profit from a weaker ruble, and its strengthening hurts their business. At the same time, the HSE noted that 75 percent of Russian manufacturing depends on imports of machinery and technology, and a weak ruble significantly slashed production and exports. In the manufacture of transportation, electrical equipment, and construction materials there has been a 14-17.5 percent decline, while other industries including furniture saw a 25.7 percent fall.
On Tuesday, the Central Bank of Russia started buying dollars on the Moscow Exchange to replenish the country’s reserve fund, while oil prices are relatively stable at around $55 per barrel. The regulator will have bought about $1.9 billion by March 6.
 
Some analysts have noted this could force the ruble to drop from the current 59 against the dollar to about 63. Others said purchases by the central bank are just a fraction of the daily forex turnover on the Moscow Exchange, and it will not significantly affect the Russian currency.
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Japan's Sharp may break ground on $7 billion U.S. plant in first half: source www.reuters.com

 
Japanese display maker Sharp Corp may start building a $7 billion plant in the United States in the first half of 2017, taking the lead on a project initially outlined by its Taiwanese parent Foxconn, a person with knowledge of the plan said.
A decision by Foxconn to give Sharp the lead would come as Japanese Prime Minister Shinzo Abe prepares to travel to the United States to meet U.S. President Donald Trump, who in his inauguration speech vowed to put "America first".
In a package Tokyo hopes will please Trump, Abe will unveil investments to create as many as 700,000 U.S. jobs, people familiar with the matter told Reuters earlier.
"The investment will be by a Japanese consortium that will also include manufacturing equipment makers," said the person, who was not authorized to speak with media and so declined to be identified.
A spokesman for Sharp said no decision on building a plant had been made. Foxconn, formally Hon Hai Precision Industry Co Ltd, did not immediately respond to a request for comment.
Terry Gou, the chief executive of Foxconn, the world's largest contract electronics maker, last month said he was considering investing around $7 billion to build a display-making plant in the United States, but did not elaborate on any time frame.
Gou said Foxconn, which operates plants in China that make most of Apple Inc's iPhones, had been considering the plan for years. He said the issue came up when business partner Masayoshi Son, head of Japan's SoftBank Group Corp, talked to Gou before a December meeting Son had with Trump.
Foxconn last year took control of Sharp when it bought two-thirds of the Japanese liquid crystal display pioneer.
Trump has raised concerns in Japan by criticizing the scarcity of U.S. cars in its auto market. He has also accused the Tokyo government of using monetary policy to devalue its currency and has also lumped Japan with China and Mexico as big contributors to the U.S. trade deficit.
Abe will visit Trump at his private Mar-a-Lago resort in Florida over the weekend, where the two leaders will play golf, following a meeting on Friday in Washington.
That would follow a meeting Abe had last week with the head of Toyota Motor Corp, as the government compiled a plan to ward off U.S. criticism of Japanese trade policy before the summit. Abe also said Japan may increase energy imports from the United States.
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Saudi Aramco Said to Pick Moelis to Advise on Biggest IPO www.bloomberg.com

 
Saudi Arabian Oil Co. hired Moelis & Co. to advise on its initial public offering, according to a person familiar with the matter, as it pushes ahead with plans to pursue the world’s biggest share sale.
The New York-based boutique investment bank had been shortlisted as a potential adviser for the deal, people familiar with the matter said last month. Aramco, as the company is known, was seeking an adviser to help it select underwriting banks for the sale, make decisions on potential listing venues and ensure the IPO goes smoothly, the people said at the time.
A representative for Moelis declined to comment. Aramco’s press office in Dhahran, Saudi Arabia, didn’t immediately respond to an e-mail seeking comment outside business hours. The Financial Times previously reported that Moelis won an advisory role on Saudi Aramco’s IPO.
Saudi Arabia is aiming to sell less than 5 percent of the company as part of a plan by Deputy Crown Prince Mohammed bin Salman to set up the world’s biggest sovereign wealth fund and reduce the economy’s reliance on hydrocarbons. The sale’s estimated size of $100 billion would make it the largest ever, dwarfing the $25 billion raised by Chinese internet retailer Alibaba Group Holding Ltd. in 2014.
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own advisory firm, have already been selected to advise on the IPO, people familiar with the matter said in April. Klein is providing strategic advice to the government, while JPMorgan is working on preparations for the IPO and may be among the banks that underwrite the listing, the people said.
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