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    

Events

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”ТОКИОГИЙН ЗАГВАРЫН ЕРТӨНЦ” ҮЗЭСГЭЛЭН ЯАРМАГ RX Japan Tokyo

NEWS

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Nintendo stock loses ground on report of Pokemon GO delay for Japan www.reuters.com

Nintendo Co's (7974.T) shares on Wednesday gave up some of their meteoric gains made on the record-breaking success of its Pokemon GO mobile game, hurt in part by a reported delay for the game's introduction in Japan.
 
Technology news site TechCrunch said that game developer Niantic Inc had planned to launch Pokemon GO in Japan on Wednesday but had canceled it, citing a source as saying that the company was worried the hype generated by the game would overload its servers.
 
TechCrunch said it believed that the launch in Japan, one of the world's biggest gaming markets, was imminent.
 
Nintendo's stock was down 10 percent in afternoon trade. Even so, it has gained 87 percent since the July 6 launch of the game in the United States, Australia and New Zealand, adding $17 billion to its market capitalization. It is now available in 35 countries.
 
A spokeswoman for Pokemon Company, which created the game along with Nintendo and Google-spinoff Niantic, declined to comment on the report, reiterating that nothing had been decided over the Japan launch date. Nintendo referred any queries regarding Pokemon GO to Pokemon Company.
 
Pokemon GO, which marries a classic 20-year-old franchise with augmented reality, is on its way to becoming the first mobile game to break the $4 billion-per-year wall, beating Candy Crush Saga and Supercell's Clash of Clans, according to Macquarie Research.
 
Shares of Japan's McDonald's Holdings Co (2702.T) piggy-backed the Pokemon GO craze, rising 8 percent after TechCrunch reported on Tuesday the fast-food chain operator would become the game's first sponsor.
 
TechCrunch said the sponsorship will see McDonald's 3,000-plus fast food restaurants across Japan become "gyms", or battlegrounds, for Pokemon collectors.
 
McDonald's Japan shares soared as much as 23 percent to their highest level since late 2001 on Tuesday, the first day of trade since its stores started giving away Pokemon-themed toys with its Happy Meals last Friday.
 
McDonald's Japan declined to comment on the report.
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Oyu Tolgoi Announces Q2 2016 Production Update www.ot.mn

Oyu Tolgoi today announced an update on its production for the second quarter of 2016.
 
Andrew Woodley, Chief Executive Officer of Oyu Tolgoi, said, “I am very pleased with the team’s continuing strong performance in the second quarter. Most importantly our safety performance was excellent, and rates among the best in Rio Tinto and our peers in the industry. Our focus on cost reduction continues to move the business towards a lower cost base and we continue to build on operational productivities, a priority as we have moved into zones with lower gold grades in the open pit. With these outcomes and the underground development progress the team is positioning the business well for the future.”
 
In Q2’16, concentrator throughput was broadly consistent with Q1’16; resulting in average throughput of approximately 105,000 tonnes per day for the quarter. As expected, copper production in Q2’16 declined 10.3% over Q1’16 reflecting lower grades from reduced mining in Phase 2 and lower recovery from Phase 6 ore, gold production in Q2’16 also declined approximately 52% over Q1’16 due to lower grades from reduced mining in Phase 2. Concentrate sold in Q2’16 increased 6.7% over Q1’16.
 
Turquoise Hill Resources continues to expect Oyu Tolgoi to produce 175,000 to 195,000 tonnes of copperconcentrates and 255,000 to 285,000 ounces of gold in concentrates for 2016.
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Mongolian peacekeepers receive NATO medal for time in Afghanistan www.mongolia.gogo.mn

NATO medal was awarded to the third shift Mongolian peacekeepers, completing a mission in collaboration with the US army peacekeepers under NATO’s Decisive Support mission in Afghanistan.
At the awarding ceremony, honored guests including Brigadier Ian Thomas Chief G2 was attended. They highlighted that it is inspired to work with the Mongolian warriors. Because they do not lose vigilance and very responsible.
Mongolian peacekeepers performed art concert and fight show, reflected cultural tradition at the ceremony.
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Sharp and Shigemitsu Shoji to Participate in the First Large Scale Solar Power Plant Business in Mongolia www.sharp-world.com

Sharp Corporation and Shigemitsu Shoji Co., Ltd and Solar Power International of Mongolia will jointly participate in solar power plant business in Darkhan city, Mongolia. Construction of the project will start later this month and the commercial operation date is scheduled on this December. The installed capacity of PV modules will be 10MW and the annual expected power generation is 14,182MWh/yr, which is expected to contribute to the reduction of approximately 14,746tCO2/yr of greenhouse gas emission. Sharp will supply PV modules, mounting structures, and other balance of systems such as inverters together with system designing and engineering services for the project. Shigemitsu Shoji Co., Ltd. will support the joint management and operation of the solar power plant for the next 25 years.

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China suffers from increased protectionist measures www.chinadaily.com

China encountered 65 trade-remedy investigations launched by 17 countries and regions in the first half of 2016, surging 66.67 percent on a year-on-year basis, the Ministry of Commerce said on Tuesday.
 
Shen Danyang, spokesman for the ministry, said even though the rise of trade protectionism is not the fundamental reason for the prolonged global trade slowdown, it certainly is a factor.
 
The 65 cases, including 46 anti-dumping investigations and 13 countervailing cases, were launched by both developed and developing countries such as the United States, Brazil, Turkey and Malaysia during the six-month period.
 
Among them, the United States and India took the lead in initiating trade-remedy measures between January and June of this year, with 18 and 15 cases respectively against Chinese products including steel, agricultural and photovoltaic products.
 
A total of $8.54 billion had been involved in these cases, up 156 percent year-on-year.
 
"After all, trade disputes between China and major economies such as the US or the European Union are set to grow and become more complex in view of the huge trade flows. There might be more fights over the rules and standards affecting trade flows in the second half," said Chen Weidong, a professor of global trade at the University of International Business and Economics in Beijing.
 
Eager to find a way out, Liaoning-based Ansteel Group opened a new steel plant in May for high-end steel products used in auto and home appliances manufacturing as the steelmaker seeks to improve its product offerings amid oversupply of low-end steel and weak demand.
 
The new plant, based in Guangzhou, capital of southern China's Guangdong province, is part of a joint venture Ansteel formed with Guangzhou Automobile Group Co and ThyssenKrupp AG to tap into steel demand from automakers.
 
Yao Lin, Ansteel's vice-president, said the first stage of the plant cost $230 million and aims for annual production of 450,000 metric tons of steel plates used in vehicles and high-quality home appliances.
 
Trade ministers from G20 countries reached a consensus on strengthening the multilateral trading system earlier this month in Shanghai.
 
They also made a commitment that G20 members will all approve the Trade Facilitation Agreement before the end of the year, and will also continue to promote negotiations on the remaining issues of the Doha Round.
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EU slaps record $3 bil. cartel fine on truck firms www3.nhk.or.jp

The European Union has slapped a record fine of 2.9 billion euros, or 3.2 billion dollars, against Europe's top truck producers for taking part in a cartel over 14 years.
 
EU Antitrust Commissioner Margrethe Vestager told reporters on Tuesday that EU-based MAN, Volvo/Renault, Daimler, Iveco and DAF colluded to keep prices artificially high at the expense of consumers.
 
Germany's Daimler received the biggest fine of 1.1 billion dollars, followed by 832 million dollars for DAF of the Netherlands. Volvo/Renault received a fine of 741 million dollars, and Italy's Iveco will have to pay 546 million dollars.
 
Volkswagen-owned MAN informed the European Commission about the cartel and escaped a 1.3 billion dollar fine.
Vestager said it is not acceptable that the 5 firms had been taking part in a 14-year cartel until 2011, and colluded on pricing and passing on the costs for meeting environmental standards to their customers.
 
The targeted companies account for 90 percent of the medium and heavy trucks produced in Europe.
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BHP's copper output to bounce back www.mining.com

BHP Billiton (NYSE:BHP) announced Tuesday the company exceeded full year 2016 production guidance for petroleum, copper and metallurgical coal, but came in slightly below its iron ore production target.
 
The suspension of its Samarco joint venture with Vale saw BHP's output on attributable basis miss its revised target by 2 million tonnes at 227 tonnes for the year to end June. The world's number three iron ore producer had previously forecast 237 million tonnes for its financial year.
 
The Melbourne-based company's total output at its Western Australia iron ore operations in the Pilbara grew by 2% to 257 million tonnes, but was also slightly below previous forecasts. BHP expects to produce 265 million – 275 million tonnes in its 2016/2017 financial year in Australia and 228 million – 237 million tonnes worldwide on an attributable basis excluding Samarco.
 
Copper production of 1.58 million tonnes also beat guidance but fell 8% compared to 2015 with the company saying increased throughput at Escondida and strong operating performance only partially made up for lower grades at the mine, the world's largest.
 
For its 2017 financial year the company expects a big boost to copper production to 1.7 million tonnes helped by a 9% jump in output at Escondida, which is 57%-owned and operated by BHP with Rio Tinto holding the remainder.
 
BHP's coking coal operations output grew slightly at 43 million tonnes as record production at its five Queensland Coal mines more than offset the halting of production at Crinum. The company expects to add one million tonnes for 2017. Coal for power generation continues to be cut back and will shrink 7% this year to 32 million tonnes after falling 16% in 2015.
 
BHP's petroleum division produced 240 million barrels during the year, down 6% from last year but above guidance of 237 million barrels.
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Leading US bank invests in London despite Brexit fears www.rt.com

The world's biggest bank by capitalization, Wells Fargo, plans to buy a new London headquarters for about £300 million ($397 million). The US banking giant reportedly wants to increase its presence in the UK capital.

An 11-storey building in the City of London, known as 33 Central, is planned to be completed in the third quarter of next year, according to a statement from the property developer HB Reavis Group as quoted by Bloomberg.

The property with a rooftop garden and views over the River Thames will accommodate about 2,600 people. Wells Fargo employs 850 people across its four London offices. The bank plans to occupy the new location in 2018, according to a spokesperson.

“With this new building in London, we are able to bring our team members together in one location in order to more efficiently and effectively manage our operations,” said Frank Pizzo, Wells Fargo regional president for Europe Middle East & Africa.

The deal goes against concerns over the London office property market after Britain’s shock vote to quit the European Union and the fear that some banks are planning to leave the British capital.

“Many have doubted what will happen to the real estate market after the Brexit vote,” said Marian Herman, CFO of HB Reavis Group, stressing that the completion showed resilience in the market. The firm suggests the deal as one of the largest for the City of London this year.

Employing 269,000 people, US-based Wells Fargo has $1.8 trillion in assets. However, the bank gets 95 percent of its revenue domestically and has a low overseas profile.

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Cloud business boosts Microsoft's quarterly revenue, shares rise www.reuters.com

Sharp growth in its commercial cloud computing business helped lift Microsoft Corp's (MSFT.O) quarterly revenue above Wall Street's expectations, sending the technology company's shares up more than 4 percent in after-hours trading.
 
The new and growing cloud business - essentially selling computing services and storage in its data centers to corporate customers - is one of the priorities for Chief Executive Satya Nadella, who took the helm of the world's largest software company in early 2014
 
Nadella has refocused the company on cloud and mobile in the face of stagnation in its traditional PC-based Windows business.
 
"Only two companies are setting the tone of enterprise computing, Microsoft Azure and Amazon AWS," said Trip Chowdhry, managing director of Global Equities Research, referring to Amazon.com Inc's (AMZN.O) web services unit.
 
"These are the only two initiators in the whole enterprise space that are going to see growth in excess of 80 percent year-over-year for at least two or three years.”
 
Microsoft's revenue in what it calls its "intelligent cloud" businesses, which includes the Azure cloud platform and server software, rose 7 percent to $6.7 billion.
 
Revenue for Azure - which customers can use to host their website, apps or data - grew 102 percent, but Microsoft did not say what the actual revenue figure was.
 
That makes an annual "run rate" of $12.1 billion for cloud-related revenue, up sharply from over $8 billion a year ago. Microsoft calculates run rate by multiplying revenue in the final month of the quarter for its cloud businesses by 12.
 
Despite the surge in revenue, Microsoft is still struggling to increase profit in the capital-intensive cloud business. It said operating profit in its intelligent cloud businesses fell 17 percent to $2.19 billion in the quarter.
 
Microsoft said the drop was mainly due to higher research, development, sales and marketing costs, as it makes investments and acquisitions to "drive cloud sales capacity and innovation."
 
COMING OUT OF DIP
 
Overall, Microsoft posted revenue for its fiscal fourth quarter ended June 30, adjusted for some one-time items, of $22.6 billion, up 2 percent from a year ago. That beat Wall Street's average forecast of $22.1 billion.
 
It reported net income of $3.1 billion, or 39 cents per share, compared with a loss of $3.2 billion, or 40 cents per share, a year earlier. In the year-ago quarter it took a $7.5 billion charge to write down the value of its purchase of Nokia's handset business.
 
Excluding one-time items in the latest quarter, Microsoft reported earnings of 69 cents per share. That was ahead of analysts' average forecast of 58 cents.
 
Sanford Bernstein analyst Mark Moerdler said Microsoft is finally making headway shifting Microsoft Office software clients onto subscription-based cloud services. Office consumer products and cloud services were up 19 percent and Office 365 increased subscribers to 23.1 million during the quarter.
 
"People looked at Office as a product that was going to be in decline," said Moerdler. "We saw a dip, last quarter we came out of that dip, and now we're accelerating out of the dip."
 
Nadella, who announced the company's largest-ever deal last month, striking a deal to pay $26.2 billion for LinkedIn Corp (LNKD.N), has staked Microsoft's future on mobile and the cloud.
 
So far his plan has been well received by investors. Microsoft shares are up 64 percent since his predecessor as CEO Steve Ballmer announced his plan to retire, in August 2013. The S&P 500 is up 31 percent in the same time.
 
Microsoft shares were up 4.35 percent at $55.40 in extended trading on Tuesday.
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Russia to sell nuclear fuel to US www.rt.com

A subsidiary of Russia's nuclear corporation Rosatom has signed its first contract with a US nuclear power plant operator to supply Russian nuclear fuel.
 
"We believe in this project. We know how to make nuclear fuel; it has successfully operated in Western European nuclear power plants. We are not entering the American market with empty hands,” said Rosatom CEO Sergey Kirienko.
 
He added Rosatom is working in collaboration with GE-Hitachi and has already signed a contract to send a pilot batch of Russian nuclear fuel to the US.
 
According to Kirienko, Rosatom sees the importance of the alliance and will provide all the necessary technical details to successfully complete the licensing process with the US Nuclear Regulatory Commission.
 
It has been reported the two countries had agreed to create a joint company to promote Russian nuclear fuel at US nuclear power plants.
 
Rosatom's nuclear fuel subsidiary TVEL and Global Nuclear Fuel Americas will jointly deal with licensing and production of fuel assemblies that will run American nuclear power plants with pressurized water reactors. The fuel assemblies will be produced at the plant in Wilmington, North Carolina.
 
In May, Rosatom said it plans to enter the US nuclear fuel market by 2020 and have 10 percent market share.
 
Russia has a 17 percent share in the global market of nuclear fuel. It fully covers the needs of Russian reactors and also works in 14 other countries, including Finland, Bulgaria, Hungary, Slovakia, Czech Republic, Ukraine, Armenia and China. The value of Russia’s annual nuclear fuel exports exceeds $1 billion.
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