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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Hyperloop One expanding to Dubai www.rt.com

Technology that could someday transport people and goods at 1,200kph has expanded to Dubai in the United Arab Emirates. Hyperloop One has signed a contract with DP World, the third-largest port and terminals operator in the world.The company will make a feasibility study to build a Hyperloop run from DP World’s flagship Jebel Ali port to an inland container depot.
 
“We firmly believe that this study will take the first steps toward the construction of the Hyperloop in Dubai, which could reshape one of the world's most modern cities,” said Shervin Pishevar, co-founder and executive chairman of Hyperloop One.
 
“Hyperloop One is developing a new mode of transportation that will allow the world to transport people and goods inexpensively, safely, and with energy efficiency at speeds never thought possible,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
 
By installing Hyperloop, DP World wants to free up space at Jebel Ali. The company is also considering a submerged floating Hyperloop adjacent to its new Terminal 4, built on an artificial island.Based on an idea first put forward by billionaire Elon Musk in 2013, the open-source Hyperloop technology is being developed by a number of companies, university students and independent engineers. The technology intends to transport people and goods in capsules through a global network of tubes at speeds up to 1200kph.
 
Russia has also shown interest in the project by signing an agreement with Hyperloop One to explore the possibility of building a cargo shipment network in Moscow.
 
“Hyperloop can improve life dramatically for the 16 million people in the greater Moscow area, cutting their commute to a fraction of what it is today,” Pishevar said during his visit to the Russian capital.
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Russia's employment rises in the face of lingering recession www.rt.com

For the third straight month, unemployment in Russia continues to fall, despite a painful recession that began in 2015.The country's labor market has defied the odds and stood firm in recent years, overcoming economic contraction and rising inflation, in part due to international sanctions.
 
The number of unemployed in the country stood at 5.8 percent as of May. This is just a fraction higher than 5 percent in seasonally-adjusted terms in March 2014, according to Capital Economics calculations, based on data from Moscow’s statistics agency Rosstat.
 
In June, the number of employed people increased by almost a million to 72.7 million compared to January 2015.
 
“The puzzle is that, unlike during the 2008-09 crisis, weaker demand for labor hasn’t translated into lower employment levels,” says William Jackson, senior emerging markets economist at Capital Economics, as quoted by FT.
 
A recession accompanied by the puzzling jobless recovery is explained by probable hiding of the employees from prying eyes of official statistics by Russian companies, according to the report by Capital Economics. Businesses are currently trying to repel the economic pressure by using salary cuts, unpaid holidays and part-time work.
 
The agency says that the number of labor permits for foreigners has decreased by nearly a million since 2014.
 
“Foreign informal workers may have borne the brunt of the economic downturn,” Jackson said in the report, stressing that employees in the shadow sector might lose jobs or suffer shortened working hours, with these measures unacknowledged by the labor market statistics.According to the Capital Economics, there is “hidden” slack in the Russian labor market, which is expected to return to growth with no rise in inflation. That will reportedly be a silver lining for Russia's central bank, teeing up further rate cuts.
 
“This means the economic recovery is unlikely to be accompanied by a pick-up in wage and price pressures,” Jackson concluded, adding that inflation would fall the next year, allowing interest rates to be lowered by more than the markets expected.
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Apple to boost China investments as demand slows www.reuters.com

Apple Inc will boost its investment in China, one of its largest but increasingly challenging markets, and build its first Asia-Pacific research and development center in the country, Chief Executive Tim Cook said on Tuesday.
 
Cook made the pledge during a trip to China, at least his second in four months, as demand for Apple's iPhones has plummeted in the world's second-largest economy and the government remains wary about foreign technology.
 
Apple's new research and development center will be built by the end of the year, Cook told Vice Premier Zhang Gaoli, one of China's most senior officials, according to CCTV, the official Chinese state broadcaster.
 
The center will unite Apple's engineering and operations teams in China and is also intended to deepen the company's ties to partners and universities, it said in a statement.
 
Apple's announcement came after the head of China's industry and technology regulator in May told Cook he hoped Apple could deepen its cooperation with the country in research and development and stressed information security.
 
Sales in Greater China, once touted as Apple's next growth engine, decreased by one-third in its fiscal third quarter, after having more than doubled a year earlier. The results did not include inventory drawdowns as retailers sold phones in stock faster than new supply coming from Apple, meaning that demand was not as weak as it seemed.
 
China's slowing economy is stocking concerns about Apple's prospects there. The company's online stores for iBooks and movies closed in the country after Beijing in March imposed strict curbs on online publishing, particularly for foreign firms.
 
Apple has lost intellectual property battles in China and faces anti-U.S. sentiment from consumers there.Before Cook's charm offensive in Beijing in May, Apple announced a $1 billion deal with ride-hailing app Didi Chuxing, a move many experts saw as an attempt to curry favor with Beijing.
 
Other technology firms, including Microsoft Corp and Qualcomm Inc, have pledged investments in China, often with mixed results.
 
(Reporting by Paul Carsten, Judy Hua and Julia Love; Editing by Susan Thomas and Richard Chang)
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Oil prices fall on doubts that producers can agree output restraint www.reuters.com

Oil prices fell away from 5-week highs early on Wednesday, as analysts doubted a successful outcome from producer talks to rein in ballooning oversupply.
 
International Brent crude oil futures were trading at $48.85 per barrel at 0018 GMT, down 38 cents from their last settlement. Despite the dip, prices are still up over 17 percent since early August and remain not far off a five-week high of $49.36 a barrel reached the previous day.
 
U.S. West Texas Intermediate (WTI) crude futures were at $46.30 per barrel, down 28 cents from their last close, but are still up about 18 percent from early August.
 
Traders said that profit taking following the recent price rallies was weighing on prices, and there were also doubts that any producer talks to rein in on oversupply would be successful.
 
The Organization of the Petroleum Exporting Countries will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month, OPEC sources told Reuters, citing Saudi Arabia's wish for higher prices.
 
"The rumor mill around producer cooperation has resumed, spurred by recent comments from Saudi Arabia's oil minister, allowing oil prices to gain," French bank BNP Paribas said.
 
Yet like many other oil analysts, BNP said it doubted a successful outcome."Given the dismal track record when it comes to recent producer cooperation, we are not holding our breath for an eventual freeze in output and even less so for a much-needed reduction in production to help re-balance the oil market."
 
The last time OPEC and other major producers like Russia met, in April, to discuss ways of reducing the production overhang, talks failed due to disagreement mainly between OPEC rivals Saudi Arabia and Iran.
 
An OPEC only meeting in June also failed to reach an agreement to limit production, and the group's output has since reached new records.
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Ex-Goldman Sachs trader barred from industry www.bbc.com

A former head of Goldman Sach's mortgage trading unit has been barred from the industry by US regulators.
Edward Chin, former head of residential mortgage-backed securities, was accused by the US Securities and Exchange Commission (SEC)of misleading customers, causing them to pay more.
In addition to the ban, he has agreed to pay $400,000 (£306,515).
His conduct began in 2010 and continued until he left Goldman in 2012, the SEC said.
According to the SEC, between 2010 and 2012 Mr Chin generated extra revenue for the bank by concealing the prices at which it had bought such mortgages and then selling them to Goldman customers at higher prices.
He also allegedly misled customers about who they were buying the securities from. He allowed them to believe he was brokering a deal between two clients when he was actually selling them products from Goldman's own inventory.
"[Mr] Chin repeatedly abused his fundamental duty to serve as an honest transmitter of market information so he could increase Goldman's trading profits and, indirectly, his own compensation," said Michael Osnato, chief of the SEC Enforcement Division's Complex Financial Instruments Unit.
Mr Chin was fired from Goldman Sachs in 2012.
Under the terms of the deal Mr Chin has not admitted to nor denied the allegations.
The settlement does not affect the bank or its current traders.
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BOJ reviews negative rate policy www3.nhk.or.jp

Officials at the Bank of Japan are reviewing the effectiveness of a negative-interest rate policy they introduced 6 months ago.
 
A key goal of the negative rate was to help pull the country out of deflation. But many experts say it has done little to boost consumption and investment. The unprecedented policy is also under fire from commercial banks.
 
BOJ officials on February 16th started applying a minus rate to a portion of the balances held by commercial banks at the central bank.
This means the financial institutions have to pay a fee on some of the funds they park at the BOJ. The aim is to encourage them to increase their lending to businesses and individuals.
 
Borrowing costs in general have come down during the past 6 months, pushing mortgage rates to record-low levels. Many people have refinanced their home loans.
 
Companies are also taking advantage of low interest rates by issuing corporate bonds.
 
Analysts at major brokerage Nomura Securities say total corporate bonds issued in Japan from January to July reached 59 billion dollars. That's about 15 billion dollars more than the same period last year.
 
But the negative-rate policy is starting to hurt the profitability of commercial banks.
 
BOJ officials say they will review the benefits and side effects of their monetary measures, including the negative rate, at their upcoming meeting in September.
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Japan's economic growth weaker than forecast www.bbc.com

Japan's economy grew at a weaker-than-expected rate in the second quarter despite an aggressive spending policy by the government.
Gross domestic product grew at an annualised rate of 0.2% in the three months to June, below market forecasts for 0.7% and a marked slowdown from the 2% rate in the first quarter.
The figures come after the government launched a massive new stimulus package worth 28 trillion yen ($265bn; £200bn).
Japanese stocks fell after the data.
The benchmark Nikkei 225 share index dropped 0.3% on concerns that Asia's second-largest economy will continue to struggle.
On top of Prime Minister Shinzo Abe's fiscal stimulus, Japan's central bank is running negative interest rates and an unprecedented asset-purchase programme.
Timothy Graf, head of macro strategy at State Street Global Markets said Japan's growth figures "could have been a lot worse".
There are "worries building over slowing domestic consumption, capital expenditure and the potential for weaker net exports thanks to a stronger yen," he said.
"It still keeps markets focused on whether the Bank of Japan will ease policy later this year, but there may be some sense of relief that the current growth slowdown is not more aggressive."
'Wave of stimulus'
Mr Abe has been under pressure to end two decades of deflation, or falling prices, but analysts say his policies are not working.
"The main aim of Abenomics was to turn around the economy in a fundamental sense, so basically reform the traditional blockages to growth, and on that front we've seen very little progress," Marcel Thieliant, Japan economist at Capital Economics told the BBC.
"Basically the economy is riding on a wave of monetary stimulus but as soon as that wave loses momentum we will basically get back to where we were before."Due to the weak state of the economy, Mr Abe has delayed another increase to the country's controversial sales tax to 2019.
Japan needs to raise more money to fund its public debt, one of the world's largest, but when it last increased the sales tax in 2014 the economy shrunk as people cut back on spending.
Private consumption accounts for about 60% of GDP but that only rose 0.2% in the second quarter, compared with a 0.7% increase the quarter earlier.
Business investment also fell for a second straight quarter as the strengthening Japanese currency dented confidence and demand for the country's exports.
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Asia stocks flat after Wall Street enters record territory www.bbc.com

Asian stocks are trading mixed even though a rally on Wall Street saw US stock indices enter record territory.
The Dow Jones Industrial Average and the Nasdaq Composite Index rose to new highs as traders bet central banks will unleash new stimulus measures.
Japan's benchmark Nikkei 225 fluctuated in early trade and is down 0.14% as the strong yen weighed on exporter shares.
South Korea's Kospi is 0.2% higher as it resumed trading after a holiday on Monday.
Australia's S&P/ASX 200 and New Zealand's S&P/NZX 50 Index are both flat.
In Greater China, stocks opened higher on hopes the launch date of a new trading link between Shenzhen and Hong Kong will be announced soon.
Hong Kong's Hang Seng rose 0.6% and the Shanghai Composite gained 0.15%.
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US stock indexes end at all-time highs www3.nhk.or.jp

Rising oil prices pushed up share prices in New York on Monday. All three major US stock indexes ended at all-time highs.
 
The Dow Jones Industrial Average gained a third of a percent to close at 18,636. Energy-related shares gained, as crude oil futures climbed to their highest level in about a month.
 
The tech-heavy Nasdaq rose more than half a percent. Analysts say a relatively weaker dollar is boosting a wide range of shares. The broader S&P 500 also hit a record high.
 
This is the second time in less than a week that the big three American indexes finished the same day at all-time highs.
 
But analysts doubt whether the bullish mood will continue for much longer as some data is painting a lackluster picture of the US economy. Retail sales in July were much weaker than market expectations.
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"DOING BUSINESS WITH MONGOLIA" seminar and business program London, UK www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) is starting to register its delegation to London UK for Mongolian British Chamber of Commerce's "Doing Business with Mongolia" seminar in Oct 20 and business program through Oct 18-24.
The MBCC 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.

The delegates will visit "The Commercial UAV Show International Exhibition and Conference for Unmanned Aerial Vehicles Country", The London Print Design Fair, UK's Parliament building and will take a part of the EPL's Chelsea vs Manchester United game at Stamford bridge stadium on Oct 22.2016.

Please visit www.mongolianbusinessdatabase.com for the program of this mission and register at dulguun@b2bmongolia.com or call 77109911, 77106611/95855059 for more information.
The registration will close on Wednesday, Sep 14.

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