1 MONGOLIA DRAGGED ITS WILD HORSES BACK FROM EXTINCTION – CAN IT SAVE THE REST OF ITS WILDLIFE? WWW.THEGUARDIAN.COM PUBLISHED:2024/01/13      2 FOUR KILLED BY HEAVY SNOW IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2024/01/13      3 CHINA-MADE BUSES TO HIT THE ROAD IN MONGOLIA'S CAPITAL WWW.XINHUANET.COM PUBLISHED:2024/01/13      4 MONGOLIA'S GDP EXPECTED TO GROW BY 6.2% IN 2024 - WORLD BANK WWW.AKIPRESS.COM PUBLISHED:2024/01/13      5 CHINA'S IMPORTS OF MONGOLIAN COAL SET TO RISE AS TRANSPORT IMPROVES WWW.REUTERS.COM PUBLISHED:2024/01/13      6 RUSSIA BOOSTS FUEL EXPORTS TO CENTRAL ASIA, AFGHANISTAN AND MONGOLIA IN 2023 WWW.REUTERS.COM PUBLISHED:2024/01/13      7 MONGOLIA'S INFLATION DOWN TO 7.9 PCT WWW.XINHUANET.COM PUBLISHED:2024/01/11      8 PRESIDENT OF MONGOLIA INVITED HEADS OF STATE OF TWO NEIGHBORING COUNTRIES WWW.GOGO.MN PUBLISHED:2024/01/11      9 63.2 PERCENT OF MILK AND DAIRY PRODUCTS DOMESTICALLY SOURCED WWW.MONTSAME.MN PUBLISHED:2024/01/11      10 ELECTRIC VEHICLE CHARGING STATIONS TO BE BUILT AT 25 LOCATIONS IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/01/11      ИНФЛЯЦЫН ТҮВШИН 7.9 ХУВЬТАЙ ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/01/14     АЮУЛТ ҮЗЭГДЭЛ, ОСЛЫН ТОХИОЛДОЛ ӨМНӨХ ОНООС 4.3 ХУВИАР ӨСЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2024/01/14     ОЛОН УЛСЫН ЗАХ ЗЭЭЛЭЭС 225 САЯ АМ.ДОЛЛАРЫН БОНДЫГ АМЖИЛТТАЙ АРИЛЖААЛЛАА WWW.IKON.MN  НИЙТЭЛСЭН:2024/01/14     "МОНГОЛЫН ХӨРӨНГИЙН БИРЖ" ХК НЭГ ЖИЛИЙН ХУГАЦААНД 15.1 САЯ ТОНН НҮҮРСИЙГ ₮7.4 ИХ НАЯДААР АРИЛЖЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2024/01/14     ИНФЛЯЦЫГ ТОГТВОРЖУУЛАХАД ЧИГЛЭСЭН МӨНГӨНИЙ БОДЛОГО ХЭРЭГЖҮҮЛНЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2024/01/14     ИРЭЭДҮЙН БЭЛЭН БАЙДЛЫН ИНДЕКСЭЭР МОНГОЛ УЛС 124 УЛСААС 75 ДУГААРТ ЭРЭМБЭЛЭГДЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/01/14     XII САРД ШИНЭ ОРОН СУУЦНЫ ҮНИЙН ӨСӨЛТИЙН ХУРД ҮЛ ЯЛИГ СААРЧ, 9.9 ХУВЬ БОЛОВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2024/01/14     БҮХ ТӨРЛИЙН ТЭЭВРЭЭР 105 САЯ ТОНН АЧАА ТЭЭВЭРЛЭЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/01/14     ИНФЛЯЦ 3 САР ДАРААЛАН НЭГ ОРОНТОЙ ТООНД ХАДГАЛАГДАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/01/11     ӨНГӨРСӨН ОНД НҮҮРСНИЙ ЭКСПОРТЫН 92 ХУВИЙГ АВТО ЗАМЫН ХИЛИЙН БООМТООР ГАРГАЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2024/01/11    

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Russia prepares for gas divorce from Europe www.rt.com

Political tension with Europe and the increasing role of liquefied natural gas (LNG) has the world’s biggest supplier looking to increase exports to the Asia-Pacific region, according to Russia’s Federal Subsoil Resources Management Agency.
 
"The crisis in relations between Russia and the West has already led to a reduction in Russian gas exports to the EU and Ukraine...Lower demand for pipeline gas deliveries from Russia's Western partners is not a local problem, but a long-term trend that will have a direct impact on Russia’s raw material and trade policies in the coming decades," said the agency in its outlook for the country’s mineral reserves development until 2030.
 
One of the key problems for Russia is LNG getting a bigger share on the European market.
 
"The significant reduction in the cost of liquefaction of natural gas destroys the monopoly of pipeline systems in transporting gas to consumers. As a result, instead of several regional markets with specific conditions and prices there is now a single global market for natural gas,” the document says.
 
According to the outlook, the problem should be solved by an 800-900 percent increase of gas exports to the Asia-Pacific region. To do this, Russia should increase annual natural gas production to at least 800 billion cubic meters per year.
 
Some analysts have warned that Asia-Pacific nations have long-term gas delivery contracts, forcing most of the LNG glut to head to Europe.
 
Gazprom is more optimistic about pipeline gas supplies in the future, saying that European gas demand could grow by 150 billion cubic meters per year by 2035.
 
Company CEO Aleksey Miller said European facilities for LNG gas reconstitution are running at about quarter capacity, while the Nord Stream pipeline delivering Russian gas through the Baltic Sea to the region saw a load increase despite limitations from regulators.
 
In August, China’s CNPC said Beijing may increase imports of gas from the current 53 billion cubic meters per year to 190-270 billion by 2030. Russia intends to deliver 38 billion cubic meters of gas to China annually through the Power of Siberia pipeline, and is in talks with Beijing to build the Power of Siberia-2 for an additional 30 billion cubic meters of gas.
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Renesas to buy Intersil for $3.2 bil. www3.nhk.or.jp

A leading Japanese chipmaker, Renesas Electronics, says it will take over smaller US semiconductor maker Intersil for 3.2 billion dollars.
 
Renesas announced the deal with the California-based manufacturer on Tuesday, saying it expects to complete the purchase by next June.
 
Intersil produces chips that process inputs such as temperature and sound data into digital signals. It also makes semiconductors used to manage motors and electricity.
 
These products are expected to play key roles in self-driving vehicles, an area in which Renesas hopes to boost its business.
 
Company officials also say they hope to increase sales in China using Intersil's sales network.
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Bank of England to buy Apple bonds www.bbc.com

The Bank of England has included Apple on a list of companies that qualify for its new economic stimulus bond-buying scheme.

This means the central bank views the company as making a "material contribution" to the British economy.
The decision will anger the Silicon Valley giant's critics, who accuse it of avoiding tax on UK sales by routing them via Ireland.
The European Commission has attacked Ireland's tax arrangements with Apple.
It said they allowed the iPhone maker to pay almost no tax on international sales, which amounted to illegal state aid.
Bond programme
On Monday, Apple was put on a list of 100 companies that will qualify for the Bank of England's new corporate debt purchase initiative.
Introduced as a stimulus measure after the Brexit vote, the scheme will see the Bank enter the market for company bonds - tradeable IOUs - for the first time. The Bank says it will buy the bonds in an attempt to drive down borrowing costs and encourage businesses to invest more.
The test for inclusion was whether companies make a "material" contribution to the economy. Relevant factors include if headquarters are located in Britain, or whether a company has a significant volume of sales.
Apple does not have its headquarters here and a proportion of its sales in the UK are legally recorded in Ireland.
The Bank of England declined to comment on individual companies on the list, but a source at the Bank said the bond-buying programme was designed to influence market prices and that including the Apple bond increased its chances.
There are other companies on the list that might raise eyebrows - including the two British tobacco giants British American Tobacco and Imperial Brands - and the US fast food giant McDonald's, whose tax affairs are also under investigation in Brussels.

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Three ships chartered to troubled Hanjin Shipping sold www.reuters.com

Three ships chartered to Hanjin Shipping Co Ltd (117930.KS) have been sold, the first of dozens of vessels expected to be hawked following the failure of the world's seventh largest container shipper.

Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms worried about not being paid refuse to work for Hanjin, which filed for receivership in a Seoul court on Aug 31.

Three bulk carriers, used for carrying commodities such as iron ore, coal and grain, have been sold for a total of almost $39 million, according to data from ship valuation firm VesselsValue.

The largest, the 180,000 deadweight tonne (DWT) capesize Hanjin Matsuyama, was bought by Singapore-based Winning Shipping for $22.75 million, according to the data.

A man who identified himself as the head of the purchasing department in the Qingdao branch of Winning Shipping but declined to give his name said the deal had been agreed but not yet completed.

"We began talking about the deal before the news about Hanjin began emerging, we were already in the process of buying it."

The five-year old ship was sold charter-free, meaning it is no longer chartered by Hanjin Shipping, a sale and purchase broker told Reuters.

The two smaller 37,000 DWT handyside vessels have been sold to Greek buyers.

"After news of (Hanjin's) collapse they were redelivered early to financiers and sold charter free," the broker added.

With ship prices already depressed by over-capacity, the values achieved were in line with recent similar sales and estimates from shipping services firm Clarkson.

Shipbrokers expect more Hanjin ships to be put on the market although uncertainty about the company's future could delay progress.

OVER-CAPACITY TO REMAIN

While uncertainty around Hanjin Shipping has caused a spike in freight prices, few expect it to last.

Cargo ships of around 257.8 million DWT, equal to about 14.6 percent of the global fleet, are due for delivery from now to around 2019 and global seaborne trade growth is just 2.4 percent, Clarkson data shows.

That points to little short-term improvement in the shipping markets with no real return to profitability until 2019-2020, at least, analysts say.

"The industry needs to break the trend of halting demolition activity as soon as the Baltic Dry Index (a basket of freight rates) improves marginally," said Peter Sand, chief shipping analyst at shipping lobby group BIMCO.

The fleet of 63 ships Hanjin owns is worth around $1.76 billion, VesselsValue estimates, well short of the $5.5 billion in debt the company reported as at the end of June, 2016. It charters a further 78 vessels.

Around two-thirds of the total are not operating properly, including vessels seized, barred entry to ports or terminals, denied services or moving slowly, according to Hanjin Shipping data on Monday.

The chairman and former chairwoman of parent company Hanjin Group on Tuesday transferred around $45 million to help unload cargo stranded on the troubled shipper's vessels.

However, Hanjin estimates at least $100 million more is needed to clear the cargo and regulators have warned securing further funds from Hanjin Shipping shareholders could take "considerable time."

South Korea has said no government or central bank money would be directly injected into the firms restructuring in the ailing shipping and shipbuilding industries, though it is helping small-to-medium sized businesses hit by the restructuring.

(Editing by Lincoln Feast)

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Bayer 'closes in' on $66bn deal to take over Monsanto www.bbc.com

A deal by German drugs and chemicals giant Bayer to take over US seeds company Monsanto is imminent, media reports suggest.
The takeover would follow several months of talks and is thought to value Monsanto at more than $66bn (£50bn).
According to German media, Bayer has increased its offer to $129 per share while the Reuters news agency says the deal will be announced Wednesday.
The takeover would create the world's biggest seeds and pesticides company.
Combining Bayer and Monsanto would make it the market leader in the US, Europe and Asia.
Bayer's farm business produces seeds as well as chemicals to combat weeds and insects, but it is better known for its healthcare products such as Aspirin and Alka-Seltzer.
Monsanto is primarily known for its genetically modified seeds for crops including corn, soybeans, cotton, wheat and sugar cane. Such seeds have attracted criticism from some environmental activists.

Largest cash deal ever
On 5 September, Bayer made its latest increased offer of $127.50 per share. Monsanto rejected this, but said it was engaged in "constructive negotiations" with Bayer.
The latest $66bn offer - which would be the largest cash acquisition on record - comes amid a wave of mergers in the agriculture sector.
Rivals including Dow Chemical, DuPont and Syngenta have all announced tie-ups recently, although some have yet to be cleared by regulators.
The drop in commodity prices has put pressure on companies such as Monsanto, with farmers' cutting orders for supplies.
A Bayer takeover of Monsanto is likely to draw close scrutiny from anti-trust regulators because of the sheer size of the combined company and the control it would have over the global seeds and sprays markets.
Farming groups have raised concerns that such mergers could lead to fewer choices and higher prices while opponents of genetically modified food in Europe worry about Monsanto's influence on the continent.

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Transit transport might be 2nd OT for Mongolia www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The trilateral consultative meeting on the development of the economic rail corridor of Mongolia, Russia and China is taking place today (September 13) in Ulaanbaatar. An agreement on building the economic corridor was estblished by leaders of the three countries in Tashkent.
 
The authorities are holding meetings with representatives of the private companies, who wish to contribute their cooperation in building of the economic corridor. The Northern Railways, executing the construction of Erdenet-Ovoot railroad and a Russian company named “Sibur”, operating a gas fuel station at Zamyn-Uud – Erenhot border checkpoint, are attending this meeting.
 
The documents, adopted at this consultative meeting will be signed during the meeting of Ministers of Road and Transport of Mongolia, Russia and China, to be held in Ulaanbaatar on October 20, informs Yo.Manlaibayar, the adviser to the Minister of Road and Transport Development.
 
The economic corridor itself is to comprise 8 corridors, including railroad connecting Erdenet with Russian border, new railroads in western and eastern regions of Mongolia, eastern railroads to go out to the Far Eastern ports of Russia through China, and railroad network connecting Moscow and Beijing through Mongolia. In view of this, constructions of railroad connecting Erdenet and Ovoot, Bogdkhan Railroad to entwine Ulaanbaatar and Khoot-Bichigt railroad are included in the Government Action Plan for 2016-2020.
 
The side projects of the economic corridor will be an impetus to the transit transport development in Mongolia. If the amount of freight carried through transit transport reaches 80-90 tons, we would have got another Oyu Tolgoi, remarked Mr Yo.Manlaibayar and added that “Mongolia is the shortest cut for China-Russia transportations”.
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Nvidia shows off smaller artificial intelligence computer for Baidu car www.reuters.com

U.S. chipmaker Nvidia Corp (NVDA.O) showed off on Monday a smaller and more efficient artificial intelligence computer for self-driving cars, saying it would power Baidu's (BIDU.O) mapping and autonomous vehicle technology.
 
Chinese web services company Baidu will deploy Nvidia's new Drive PX 2 as its in-vehicle car computer for its self-driving system, Nvidia said in a press release as‮ ‬it‮ ‬unveiled the computer at the GPU Technology Conference in Beijing.
 
As more carmakers develop plans for self-driving technology to roll out in their vehicles in the next decade or less, Nvidia is trying to lower the barriers to entry, providing powerful computers to help automakers enter the market.
 
Earlier this month, Nvidia and Baidu announced a partnership to develop a full self-driving car architecture from the cloud to the vehicle using both companies' expertise in artificial intelligence (AI).
 
Nvidia said its new Drive PX 2 computer uses 10 watts of power and is half the size of the original version, launched in January. That solves a problem faced by carmakers incorporating self-driving technology - how to pack the punch of AI, which helps cars make decisions, into a compact computer suitable for production-ready vehicles.
 
Configured with a single processor, the Drive PX 2 fuses incoming data from sensors and uses deep neural networks to produce a complex picture of objects around a vehicle.
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Russia ready for ruble bonds as domestic currency finds groove www.rt.com

Moscow is considering its first ruble-denominated bond sale since 2014 with investors seeing signs of the currency stabilizing in an era of sanctions and cheap oil.
 
“We are looking at it and have been talking to issuers since the middle of this year. Investors think the ruble has more or less stabilized at the current level and are eagerly buying,” Andrey Solovyev, global head of debt capital markets at VTB Capital in London told Bloomberg.
 
According to him, the companies that will issue ruble Eurobonds may be Russian state-run or privately-owned blue chips.
 
Since April, the ruble has held firm against hard currencies. The Russian currency has been trading from 63 to 67 against the dollar and 71 to 75 against the euro.
 
The Central Bank free-floated the ruble in November 2014, which was followed by a currency collapse peaking in December of that year, when it fell to 80 against the dollar and 100 against the euro.
 
As of June, foreigners owned a record 1.35 trillion rubles ($21 billion) in local-currency bonds known as OFZs, or 25 percent of the overall amount, the Central Bank reported this month. The news helped 10-year government yields surge to eight percent, a level last seen since Western sanctions were imposed over the conflict in Ukraine.
 
“The risk appetite for Russian credit has returned to levels we haven’t seen in a long time. Yields are back to early 2014 levels,” Blazej Dankowski, director and head of Russia and Kazakhstan debt capital markets at Citigroup in London told the media.
 
Foreign investors are seeking a haven in highly-profitable Russian bonds as the negative yield on developed countries’ debt market has accumulated $9 trillion.
 
Companies selling ruble bonds in the country have raised 4.4 billion rubles on average for debt maturing in less than six years. Ten-year Eurobonds will help them raise 20 billion rubles, according to Sberbank CIB analysts.
 
 
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Study: big corporations dominate list of world's top economic entities www.theguardian.com

The world’s biggest corporations have increased their wealth compared with nation states in the last year, illustrating the growing power of multinational businesses.
 
A study by the anti-poverty charity Global Justice Now found that the number of businesses in the top 100 economic entities jumped to 69 in 2015 from 63 in the previous year.
 
While many emerging market economies have struggled to grow in the last couple of years, mainly as a result of China’s slowdown, many of the world’s largest corporations have increased in size.
 
The London-based campaign group said the 10 biggest corporations – including Walmart, Apple and Shell – make more money than most countries in the world combined.
 
The charity blamed governments for bowing to pressure from multinational firms to promote business-friendly tax regimes above the needs of their citizens.
 
An assessment of the top 200 entities found that many smaller countries were squeezed out, leaving 153 corporations above many nations from Africa, Asia and South America.
 
The US, China, Germany, Japan, France and the UK make up the top six economic entities followed by Italy, Brazil and Canada.
 
Walmart ranks as the 10th largest, followed by China’s electricity monopoly State Grid at number 14, China National Petroleum at 15 and Chinese oil firm Sinopec Group at 16. Apple ranked 26th behind the 18th-placed Royal Dutch Shell, with Exxon Mobil at 21, Volkswagen at 22 and Toyota at 23.
 
The value of the top 10 corporations was $285tn (£215tn), beating the $280tn worth of the bottom 180 countries, which include Ireland, Indonesia, Israel, Colombia, Greece, South Africa, Iraq and Vietnam.
 
Nick Dearden, the charity’s director, said: “The vast wealth and power of corporations is at the heart of so many of the world’s problems – like inequality and climate change.
 
“The drive for short-term profits today seems to trump basic human rights for millions of people on the planet. These figures show the problem is getting worse.”
 
Global Justice Now said it released the figures to increase pressure on the British government ahead of a UN working group, led by Ecuador, that aims to draw up a binding treaty “to ensure transnational corporations abide by the full range of human rights responsibilities”.
 
Campaigners said they are calling for the treaty to be legally enforceable at a national and global level. The charity has criticised Britain for refusing to support the process.
 
Dearden said: “The UK government has facilitated this rise in corporate power through tax structures, trade deals and even aid programmes that help big business.
 
“Their wholehearted support for the US-EU trade deal TTIP, is just the latest example of government help to big business. Disgracefully, it also routinely opposes the call of developing countries to hold corporations to account for their human rights impacts at the UN.”
 
 
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Barrick Gold, Cisco push mining into digital era starting with Cortez mine www.mining.com

Canada's Barrick Gold (TSX, NYSE:ABX), the world's most valuable producer of the precious metal, has signed a deal with Cisco Systems Inc. for a “digital reinvention” of its global mining operations, which is set to begin with the Cortez mine in Nevada.
 
The plan is to apply the latest technology available to cut costs and bring additional value out of existing operations, Barrick said in a statement.
 
The company cited as an example how the flow of real-time data could help predict when equipment is likely to need maintenance. The new applications should also help Barrick adjust mine plans to changing conditions such as prices, weather or ore grades change almost immediately.
 
The partnership will increase cash flow over the long term while reducing environmental impact and increasing transparency with governments and communities, Barrick executive chairman, John Thornton, said in the statement.
 
“We mean to create value and push the boundaries of our industry in entirely new ways,” he said.
 
In Cortez mine, in particular, Barrick and Cisco will work on automating equipment for increased productivity, while predictive algorithms will enhance the precision and speed of maintenance and metallurgy. The goal at the Nevada mine is to redefine best-in-class mining, the company said.
 
Building on the Cortez mine digitization experience, Cisco will support Barrick as it transforms its entire business over time-bringing digital technology to all of its mines as well as to its head office.
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