1 MONGOLIA RECORDS USD 16.6 BILLION IN TRADE WWW.MONTSAME.MN PUBLISHED:2025/09/11      2 GOVERNMENT REPORTS OPERATIONAL IMPROVEMENTS AT ERDENES TAVANTOLGOI UNDER SPECIAL REGIME WWW.MONTSAME.MN PUBLISHED:2025/09/11      3 DIESEL LOCOMOTIVE CONVERTED TO HYBRID LOCOMOTIVE IN MONGOLIA WWW.RAILLYNEWS.COM  PUBLISHED:2025/09/11      4 MONGOLIA REVEALS ITS UNTAMED BEAUTY AND RICH CULTURE THROUGH THE EYES OF DUTCH TOURISTS ON AN UNFORGETTABLE ADVENTURE WWW.TRAVELANDTOURWORLD.COM  PUBLISHED:2025/09/11      5 ROBOTIC MILITARY DOG TRAINING FEATURED IN CHINA-RUSSIA-MONGOLIA BORDER DEFENSE EXERCISE WWW.NOVINITE.COM  PUBLISHED:2025/09/11      6 MONGOLIA DEPLOYS 15TH BATTALION’S SECOND CONTINGENT TO UN MISSION IN SOUTH SUDAN WWW.MONTSAME.MN PUBLISHED:2025/09/11      7 THE MONGOLZ RANKINGS RISE TO SECOND WORLDWIDE WWW.MONTSAME.MN PUBLISHED:2025/09/10      8 CHABOT MOBILITY JOINS MONGOLIA VOYAGER PROJECT TO EXPORT K-MOBILITY INFRASTRUCTURE WWW.BIZ.CHOSUN.COM  PUBLISHED:2025/09/10      9 "OYUT" COPPER DEPOSIT WITH 1.1 MILLION TONS OF PURE COPPER DISCOVERED WWW.GOGO.MN PUBLISHED:2025/09/10      10 CHINA-RUSSIA-MONGOLIA BORDER DEFENSE COOPERATION 2025 JOINT EXERCISE KICKS OFF WWW.ENG.CHINAMIL.COM.CN  PUBLISHED:2025/09/10      ЗАСГИЙН ГАЗРЫН WWW.D-GOV.MN ЦАХИМ СИСТЕМ ӨНӨӨДРӨӨС АЖИЛЛАЖ ЭХЭЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/11     ТӨМӨРТЭЙН ОВООНЫ ЦАЙРЫН ОРДЫН ТУСГАЙ ЗӨВШӨӨРЛИЙГ АЛБАН ТУШААЛТНУУД ХУВИЙН КОМПАНИДАА ШИЛЖҮҮЛЭН АВСАН ҮЙЛДЛИЙН УЛМААС ТӨРД УЧРУУЛСАН ХОХИРЛЫГ НЭХЭМЖЛЭХЭЭР БОЛОВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/11     ТӨСВИЙН АЛДАГДАЛТАЙ АЛБАН ТУШААЛТНЫГ ЧӨЛӨӨЛНӨ WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ДҮҮЖИН ЗАМЫН ТЭЭВЭР ТӨСӨЛД 2 ТЭРБУМААР ЗӨВЛӨХ ҮЙЛЧИЛГЭЭ АВНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ИПОТЕКИЙН БАНК БАЙГУУЛАГДАХААС ӨМНӨ САНХҮҮЖИЛТИЙГ ЗАСГИЙН ГАЗАР РУУ ШИЛЖҮҮЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/10     Р.ЧИНГИСИЙГ ДОТООДЫН ЦЭРГИЙН ЕРӨНХИЙ КОМАНДЛАГЧААР ТОМИЛНО WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/10     БИРЖИЙН НҮҮРСНИЙ ЭКСПОРТ 739 МЯНГАН ТОНН БОЛЖ, ӨМНӨХ САРААС ХОЁР ДАХИН ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10     “ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК НҮҮРС БАЯЖУУЛАХ ҮЙЛДВЭРЭЭС ГАРЧ БУЙ ХАЯГДАЛ НҮҮРСИЙГ ДАХИН БОЛОВСРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/10     ХАЛЗАН БҮРЭГТЭЙН ОРДЫН АСУУДЛААРХ СОНСГОЛД ХОВДООС 50 ХҮН ОРОЛЦУУЛАХ ХҮСЭЛТ ГАРГАЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/10     “УЛААНБАДРАХ 300 МВТ ЦАХИЛГААН СТАНЦ” ТӨСЛИЙН ТЭЗҮ-ИЙГ МЭРГЭЖЛИЙН ЗӨВЛӨЛӨӨР ХЭЛЭЛЦҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10    

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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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Tesla Seals $2 Billion SolarCity Deal www.bloomberg.com

Elon Musk’s Tesla Motors Inc. officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity Corp. The deal, valued at about $2 billion, will integrate the maker of all-electric cars and batteries with the installer of rooftop solar panels. More than 85 percent of Tesla shares voted in favor of the merger.
The deal, which sparked controversy over debt and corporate-governance concerns, is a win for Musk’s vision of Tesla as one-stop shopping for consumers eager to become independent of fossil fuels. Now comes the task of integrating two companies that have a track record of fleeting profits and frequent fundraising needs--not to mention thousands of employees.
“We’re trying to make an integrated product,” Musk said during a meeting with Tesla shareholders in Fremont, California, Thursday. “So you have an integrated solar roof with a Powerwall and an electric car, and you just go into a Tesla store, just say yes, it just happens. It all works, it’s seamless and you love it.”
Tesla plans to leverage its formidable brand and retail network with SolarCity’s network of rooftop solar installers and recently announced a “Solar Roof” product. It’s not clear what role Lyndon Rive, SolarCity’s chief executive officer and Musk’s cousin, will play in the combined company.
“With an 85 percent vote, you’re seeing long term shareholders say we’re voting for Elon,” said Ben Kallo, an analyst with Robert W. Baird. “They’re saying ’We’re not here for the next quarter, we’re here for three or five years.’”
It wasn’t clear when the merger will officially close. SolarCity is expected to cease being a stand-alone brand, as Tesla markets its Powerwall battery for the home as a Tesla Energy Product.
“Moving forward I think SolarCity becomes a part of Tesla Energy, but I don’t think that happens overnight,” said Kallo.
During the course of his five-month campaign for the merger, Musk revealed the solar roof product on the “Desperate Housewives” set at Universal Studios in Los Angeles last month. Musk said Thursday the product will be equivalent in cost, or slightly cheaper, than a normal roof and that installations will begin in volume in mid-2017.
Biggest Shareholder
Musk owns 21 percent of Tesla and 22 percent of SolarCity, making him the largest shareholder of both companies. He and Antonio Gracias, who also serves as director at both companies, recused themselves from a board vote on the takeover July 30.
Tesla rose 2.6 percent to $188.66 at the close Thursday, while SolarCity gained 2.9 percent to $20.40. At those prices, the all-stock deal values the solar company at $20.75 a share, a 1.7 percent premium over Thursday’s closing price. The premium was about 35 percent when first announced in late June.
Tesla has lost roughly $4.8 billion in market capitalization since the initial offer, while SolarCity’s value declined by about $86 million.
The quarterly profit Tesla reported last month was the first for the Palo Alto, California-based company in eight quarters. SolarCity has recorded losses in six of the last eight quarters. The two companies have conducted five separate equity offerings since the San Mateo, California-based solar company first sold shares to the public in December 2012.
The deal drew mixed recommendations by proxy advisory firms, with Institutional Shareholder Services giving its blessing and Glass Lewis & Co. rejecting it as a “thinly veiled bailout plan.” ISS said Tesla would be able to bridge cash-burning SolarCity’s funding gap and called the deal a “necessary step” in the electric-car maker’s push to become an integrated sustainable energy company. "Tesla will def absorb SolarCity’s debt," said Musk in a tweet earlier this month. “Although extremely unlikely, I would pay it personally if need be. Debts must be honored.”
New President
The combined company must contend with President-elect Donald Trump, whose views on energy are a sharp departure from President Barack Obama. The real-estate mogul has vowed to roll back environmental regulations and tapped Myron Ebell, a climate-change skeptic, to head his Environmental Protection Agency transition team.
The CtW Investment Group, which works with pension funds, called on Tesla to implement corporate governance reforms, urging the company to add more independent directors to its seven-member board.
“Given the risks the company faces with increased competition, a changing political environment and its expanding product line, Tesla desperately needs to upgrade its governance structure to a standard more befitting of a public company of its size,” said CtW director Dieter Waizenegger in a statement.
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China's overseas direct investment surges 53.3% in first ten months www.chinadaily.com

BEIJING - China's outbound direct investment (ODI) is surging despite weak global growth as Chinese companies continue to internationalize their business.
Non-financial ODI increased 53.3 percent year on year to reach $145.96 billion in the January-October period, easily surpassing the total for 2015 of about $121.4 billion, according to the Ministry of Commerce on Thursday.

In October, ODI grew 48.4 percent year on year to reach $11.74 billion.

China's overseas investment reached 162 countries and regions, most of which has gone to Hong Kong, ASEAN, the European Union, Australia, the United States, Russia and Japan in the first ten months, with the United States posting the strongest year-on-year growth at 173.9 percent.

ODI continued to exceed foreign direct investment (FDI) into the Chinese mainland, which rose 4.2 percent year on year to reach about $98 billion in the same period. China's ODI exceeded FDI for the first time ever in 2015, becoming a net capital exporter.

In addition to growing investment volume, the pattern of China's ODI is changing rapidly as the consumer and services sectors gather momentum.

China's overseas investment started with raw materials, moved on to infrastructure and manufacturing, and is now starting to focus on big-name consumer brands and high-tech companies, according to a research note from HSBC.

Official data showed that in the first ten months, most of the investment flowed to commercial services, manufacturing and retail, with equipment manufacturing almost quadrupling last year's investment.

Once dominated by large state-owned enterprises in search of iron ore and copper, China's ODI now includes private sector giants buying US film studios and European fashion houses, along with state-backed companies snapping up new tech firms, the HSBC note pointed out.

The HNA Group is a good example of the trends. The private conglomerate from south China's Hainan province extended its push into the leisure sector with a high-profile deal to buy a 25-percent stake in Hilton in October.

In the past two years, the company has spent about $23.8 billion in cross-border acquisitions, including hotels and commercial real estate, in order to extend its value chain and strengthen its aviation core business, according to the note.

Official data showed that Chinese companies continued to work closely with countries along the Belt and Road Initiative. They signed construction contracts worth over $84 billion during the period, up 30.7 percent year on year.

However, HSBC noted that investment in the Belt and Road countries has been moderating in recent months due to global uncertainties and a high comparison base in 2015.

With the global economy showing signs of recovery, more projects are reaching the implementation stage, cross-border connections are becoming more sophisticated, and financing support is gradually strengthening, HSBC said in the note, adding it expects China's investment in the Belt and Road region to grow at a stable pace in the next couple of years.

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JBIC to conclude loan agreement with Russian bank www3.nhk.or.jp

NHK has learned that a Japanese government-affiliated bank is preparing to play a role in forging closer economic ties between Japan and Russia. The Japan Bank for International Cooperation, or JBIC, is expected to conclude a loan agreement with Russia's largest bank.

The move comes as the 2 countries discuss economic cooperation ahead of a bilateral summit in Japan next month.

Sources have told NHK that JBIC is in final negotiations with Sberbank. They say it plans to set up a yen-denominated credit line of 30 billion yen, or about 270 million in dollars.

The goal is to make funds available to Russian businesses so they can buy infrastructure-related equipment from Japanese firms.

Commercial Japanese banks are cautious about lending to Sberbank. It's a target of Ukraine-related sanctions by the US and Europe. But the sources say the yen-denominated loans directly from Japan are not covered by the sanctions.

The credit line is intended to meet an increased level of demand for funding, stemming from closer bilateral cooperation.

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The BoM sold USD 32.0 million www.mongolia.gogo.mn

Bank of Mongolia (BoM) hold foreign exchange auction on Nov 17.
Commercial banks bid MNT 2370.00-2444.15 for USD 47.8 million, asked MNT 2448.00 for USD 1.0 million and bid MNT 343.50-354.51 for CNY 70.0 million respectively.
The BoM sold USD 32.0 million with a closing rate of MNT 2425.00
BoM decided to participate in foreign exchange market continuously and supplied total of USD 92.4 million and CNY 129.5 million to the market during the last two auctions.
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JBIC to conclude loan agreement with Russian bank www3.nhk.or.jp

NHK has learned that a Japanese government-affiliated bank is preparing to play a role in forging closer economic ties between Japan and Russia. The Japan Bank for International Cooperation, or JBIC, is expected to conclude a loan agreement with Russia's largest bank.
 
The move comes as the 2 countries discuss economic cooperation ahead of a bilateral summit in Japan next month.
 
Sources have told NHK that JBIC is in final negotiations with Sberbank. They say it plans to set up a yen-denominated credit line of 30 billion yen, or about 270 million in dollars.
 
The goal is to make funds available to Russian businesses so they can buy infrastructure-related equipment from Japanese firms.
 
Commercial Japanese banks are cautious about lending to Sberbank. It's a target of Ukraine-related sanctions by the US and Europe. But the sources say the yen-denominated loans directly from Japan are not covered by the sanctions.
 
The credit line is intended to meet an increased level of demand for funding, stemming from closer bilateral cooperation.
...


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Nikkei rises above 18,000 mark www3.nhk.or.jp

On the Tokyo Stock Exchange, the benchmark Nikkei Average ended above 18,000 in Friday's morning session. It exceeded the level for the first time since January.
 
The weaker yen is boosting buy orders for shares of export-related firms. The Japanese currency is trading above 110 yen to the dollar for the first time in about 5-and-a-half months.
 
The yen weakened further after the chair of the US Federal Reserve, Janet Yellen, indicated that the key interest rate could be raised at a policy meeting in December.
 
Analysts say that investors want to know what Japan's Prime Minister Shinzo Abe and US President-elect Donald Trump talked about in their first meeting on Thursday.
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JP Morgan Chase to pay $264m over Chinese 'princelings' bribery scheme www.theguardian.com

JP Morgan Chase agreed to pay $264m on Wednesday to settle charges that it employed well-connected Chinese “princelings” in order to win business in the Asia-Pacific region.
 
The settlement with US regulators comes after a three-year investigation into a vast foreign bribery scheme that violated the Foreign Corrupt Practices Act (FCPA). It could be the first of several such deals with Wall Street banks.
 
“JP Morgan engaged in a systematic bribery scheme by hiring children of government officials and other favoured referrals who were typically unqualified for the positions on their own merit,” said Andrew Ceresney, director of the Securities and Exchange Commission’s (SEC) enforcement division.
 
“JP Morgan employees knew the firm was potentially violating the FCPA yet persisted with the improper hiring program because the business rewards and new deals were deemed too lucrative.”
 
The Department of Justice called the scheme “bribery by any other name” and said it had recently created three dedicated international corruption squads “to combat this type of quid pro quo, and we’ll use all resources at our disposal to uncover and put an end to these crimes”.
 
Starting in 2006 senior Hong Kong-based JP Morgan bankers set up and used a “client referral programme”, also referred to as the “sons and daughters programme”, to hire candidates referred by clients and government officials.
 
The bank admitted that some candidates hired under the scheme did little more than proof reading but were paid the same amount as entry-level investment bankers. In one case bankers in New York told their Hong Kong peers that one Chinese hire was unqualified to be an investment banker. But a senior Chinese official had said that his hiring would help JP Morgan secure a lucrative role in an upcoming initial public offering (IPO) of a state-owned company. A position was created for the candidate in New York, and JP Morgan thereafter obtained a leading role in the IPO.
 
The DoJ calculates the scheme increased profits at JP Morgan by at least $35m.
 
“US businesses cannot lawfully seek to gain a business advantage by corruptly influencing foreign government officials,” said US attorney Robert Capers of the eastern district of New York.
 
“The common refrain that this is simply how business is done overseas is no defence. In this case, JP Morgan employees designed a programme to hire otherwise unqualified candidates for prestigious investment banking jobs solely because these candidates were referred to the bank by officials in positions to award business to the bank. In certain instances, referred candidates were hired with the understanding that the hiring was linked to the award of specific business. This is no longer business as usual; it is corruption.”
 
Kara Brockmeyer, chief of the SEC enforcement division’s FCPA unit, said: “The misconduct was so blatant that JP Morgan investment bankers created ‘referral hires vs revenue’ spreadsheets to track the money flow from clients whose referrals were rewarded with jobs. The firm’s internal controls were so weak that not a single referral hire request was denied.”
 
A JPMorgan spokesman said in an email: “The conduct was unacceptable.” The hiring program was halted in 2013 and the bank took actions against those responsible, the spokesman said.
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China relaxes coal mining restrictions as supply tightens www.mining.com

China’s top planning body has reversed some of the restrictions imposed in March to local coal miners, as reduced output has dramatically increased prices for the nation’s top energy source.
 
The National Development and Reform Commission (NDRC) is now allowing companies to operate 330 days a year rather than the 276-day maximum previously imposed, Reuters reports.
 
The move comes after October production figures revealed that local coal production dropped 11% from January to October 2016, when compared to the same period last year. On a daily basis, output in October dropped 1.5% from September.
 
It also come on the heels of an International Energy Agency's (IEA) report that estimates China's coal use is likely to have peaked in 2013.
 
Coal generated 84% of all electricity in Asia’s richest economy in 2014, but the IEA's forecasts that figure will drop down to about 54% per cent in 2040.
 
“China could ease the pace of supply cuts, raising the possibility of China becoming a coal exporter in order to get rid of surplus output: this would prolong the slump in the international market,” the report says.
 
Despite the fresh measures, analysts at Wood Mackenzie expect coal prices to remain well above 2016 lows as the Chinese government balances maintaining positive cash flows for a majority of coal producers with margins of the utility sector.
 
The research firm, however, warns there is also a significant likelihood of continued price volatility in the seaborne market as the Chinese government adjusts its policy to achieve desired domestic outcomes.
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Dalai Lama to visit Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ The Gandantegchinlen Monastery – the Buddhist center of Mongolia called a news conference Thursday on a visit by Dalai Lama to Mongolia.

According to S.Davaapurev, head of the public relations service of the Gandantegchinlen Monastery, His Holiness’s visit is a religious mission. As a tradition, before leaving Dalai lama will give a media conference at the Ikh Tenger complex. The main events with participation of His Holiness will take place at the Gandantegchinlen Monastery on November 19. However, this will be exclusively religious ritual, not for mass. For the public, Dalai Lama’s teaching will be available on November 20. A scientific conference among scholars is expected as well. No political activity is planned.

The visit program of His Holiness does not provide for any action related to identification of a new embodiment of Bogdo Khaan X, Mongolian religious leader.

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Tencent's Ma says Wechat "very hard" to expand globally www.xinhuanet.com

WUZHEN, Zhejiang Province, Nov. 17 (Xinhua) -- CEO of Tencent Pony Ma on Thursday explained the difficulty in expanding Wechat overseas.

"It is very hard for Wechat to expand overseas, unless we can offer wholly different customer experience, but social apps are basically all alike," Ma told a forum at the third World Internet Conference in east China's Zhejiang Province. "In markets dominated by WhatsApp or Line, we can't challenge them."

WhatsApp is the world's most popular instant messenger, with close to a billion active users. WeChat lags behind with around 650 million users, mostly in China.

Tencent, possibly China's premier Internet company, rose to prominence with a messaging service called QQ in the late 1990s and came to dominate China's social networking market with WeChat a decade later, just as mobile Internet took off. China has around 700 million Internet users, most of whom use smartphones.

WeChat has gained a foothold in some overseas markets. It has become the messaging app of choice in Malaysia, but elsewhere users are mainly ethnic Chinese.

The spread of WeChat usually begins in the overseas Chinese community and spreads to friends and colleagues, Ma said.

Last year, on a visit to University of Washington where there are 7,000 Chinese among nearly 40,000 students, Ma found many foreigners, not least the university president, using WeChat. Off campus, WeChat is less popular because the Chinese population is low.

Ma remains interested in expanding overseas and expects Tencent to achieve some success in fields other than social networking, like gaming, payments and Internet of Things.

In China, WeChat is much more than a messaging app. People use it as a tool kit to shop both on and offline, buy air and train tickets, hail taxis, read the news, pay bills, book accommodation, and many other services.

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