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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Russian Government to Allocate $1.5 Bln to Highway in Crimea www.themoscowtimes.com

The Russian government has decided to allocate 100 billion rubles ($1.5 billion) to building a highway connecting the capital of Crimea, Simferopol, to the town of Kerch, the Slon news website reported Monday. The highway, named Tavrida, is set to be opened by 2020.
 
“Last week, not without problems and debates, we found funds necessary to build the highway. The sum is significant – more than 100 billion rubles — and it requires special attention,” Prime Minster Dmitry Medvedev said, Slon reported.
 
The highway project is not the only major infrastructure development in Crimea. The Kerch bridge, a 19-kilometer dual road-rail bridge to connect Crimea with Russia's Krasnodar region, is also underway in the region. The project, which is currently scheduled for completion in 2018, will ensure that the disputed peninsula is accessible by car and train directly from Russia. The bridge is set to cost a total of 212 billion rubles ($3.25 billion) and is hoped to ultimately join up to the Tavrida highway.
 
President Vladimir Putin visited the construction site in March this year, and promised to “hang” anyone responsible for the project's possible late completion.
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Industrial production advances slightly in first two quarters www.montsame.mn

Ulaanbaatar /MONTSAME/ The industrial production index (seasonally adjusted) was 147.1 (2010=100) in June 2016 which increased by 3.1 percent against the end of May, and by 10.9 percent compared with the same period of the previous year.

In the mining and quarrying sectors, the extraction of products such as iron ore, coal, molybdenum with concentrate, crude oil, copper with concentrate and gold increased by 3.6 percent to 78.4 percent and in the manufacturing sector the output of products such as bakery, wooden doors and windows, cathode copper (99%), soft drinks, spirit, alcoholic beverages, sausages, railway sleepers, electric wires, printing plastic cards increased by 1.2 percent - 2.2 times against the same period of the previous year.

However, extraction of products such as zinc concentrate, fluorspar concentrate, broken or crashed stone decreased by 6.2-50.3 percent.

In the manufacturing sector, production of major consumer products such as beer, buuz and dumpling, metal sleepers, lime, cement, articles of iron concrete, sawn wood, windows and doors, metal steel, metal foundries and steel casting decreased by 0.6-96.1 percent.

Construction and capital repair works’ volume in the first half of 2016 declined by MNT 276.0 million or 0.04 percent compared with the same period of last year. The decrease was mainly due to the slack of MNT 19.9 billion or 61.0 percent in the works done by foreign construction entities.

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Yahoo sold to US telecoms giant Verizon www.bbc.com

US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5bn (£3.8bn) in cash.
Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year.
The deal does not include Yahoo's valuable stake in Chinese firm Alibaba.
The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom.
Verizon said the deal for Yahoo's core internet business, which has more than a billion active users a month, would make it a global mobile media company.
The end of Yahoo: Why Verizon spent big
Marissa Mayer, chief executive of Yahoo, said: "Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL."
In an email to staff, Ms Mayer said she was "planning to stay", adding: "I love Yahoo, and I believe in all of you. It's important to me to see Yahoo into its next chapter."

AOL chief executive Tim Armstrong said the deal was about "unleashing Yahoo's full potential", and creating a major player in mobile media.
Together they will have more than 25 brands, including Yahoo Mail, Flickr and Tumblr as well as AOL's Huffington Post and Techcrunch news sites.
Ms Mayer, who took the helm in 2012, has made little progress in returning the company to profit.
Last week the firm reported a $440m loss in the second quarter, but said the board had made "great progress on strategic alternatives".
Verizon and Yahoo were reported on Friday to be in exclusive talks over a deal.

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Copper price pulls back on rising USD www.mining.com

North American stock markets continued to climb on Friday, while the dollar ascended a four-month high, causing downward pressure on precious and base metals prices.
 
As the Dow, the S&P 500 and the Nasdaq indices all finished up, copper for September delivery on the Comex in New York slumped 2.6 cents or 1.2 percent to $2.23 a pound. Gold was down 0.67% to $1,322.39 an ounce, along with silver, which fell under the $20 an ounce mark to $19.64 – a 0.76% drop.
 
The kick in stock markets echoed greater confidence in the U.S. economy, measured by the U.S. dollar strength. The greenback ended the week at 97.49 on the dollar index, which is the highest it's been since March 9. The higher dollar comes on the back of data showing less Americans are filing unemployment benefits and that confidence among homebuilders is at a 9.5-year high. A higher dollar makes copper, and other commodities denominated in U.S. dollars, less affordable to purchasers in countries paying with other currencies.
 
In the United States the flash PMI – an advanced monthly indicator that reflects responses to a survey of purchasing managers in manufacturing – for July was 52.9, bettering expectations. Signs of a resurgent U.S. economy weighed on the copper price – despite the International Copper Study Group saying last week that the copper market had swung to 109,000-tonne deficit in April compared to a surplus in April 2015 – since that would indicate the U.S. Federal Reserve may hike interest rates again.
 
China, the world's top consumer of the metal, imported 22 percent more copper in the first half of 2016 compared to H1 2015. While that trend would appear to support the copper market, some analysts predict the good news is unlikely to continue for copper. Barclays Bank said on Friday that while copper prices averaged $4,692 a tonne during H1, 6% higher than the bank's forecast, it predicts the red metal will trade at about $4,150 a tonne throughout the second half, due to slowing Chinese demand. That would be 16.4% below the three-month forward prices on Friday of $4,965 per tonne, according to Metal Bulletin.
 
Copper hit a seven-week high on June 28, driven by growing expectations of monetary stimulus, a weakening US dollar and slightly more steady global markets following the Brexit vote.
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ALibaba’s Jack Ma visiting Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ Founder and executive chairman of the Alibaba, a family of successful internet business, Mr Jack Ma is visiting Mongolia at the invitation of Asashyoryu D.Dagvadorj. He arrived on July 24, and is to give a lecture at the Shine Mongol high school for young people on July 27.

On Monday, the 68th grand champion of professional sumo “Asashyoryu” Dagvadorj posted about this on Twitter.

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Nintendo shares plunge on Pokemon profit warning www.bbc.com

Shares in Japanese gaming giant Nintendo have fallen sharply after the firm said Pokemon Go's success would have a limited impact on its earnings.

Nintendo shares dropped by over 15%, after they more than doubled in value since the 6 July game launch.

Pokemon Go was developed by US firm Niantic and Nintendo said profits from licensing and fees would be limited.

The fall came as Japanese shares overall opened with solid gains boosted by strong US trading last week.

Friday saw the S&P 500 reach a record high shrugging off poor earnings results.

Tokyo's Nikkei 225 index was 0.9% higher at 16,776.55 with investors also pinning their hopes on a fresh round of stimulus from the Bank of Japan later this week.

In China, Hong Kong's Hang Seng was up 0.2% at 22,017.14 while the mainland Shanghai Composite remained flat in early trade.

In South Korea, the benchmark Kospi edged up 0.4% to 2,017.51 points.

Australia's ASX/200 rose by 0.6% to 5,532.40 points.

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Monthly economic report warns of Brexit impact www3.nhk.or.jp

The Japanese government kept its economic assessment unchanged in July, but warns of rising uncertainties following Britain's decision to leave the European Union.

The monthly report by the Cabinet Office says the Japanese economy is on a moderate recovery, while weaknesses have recently been seen.

Officials kept their assessments unchanged for most component items. They say private consumption is almost flat, while business investment is picking up.

But business sentiment was downgraded. The report says companies are becoming cautious, due to a stronger yen and increasing uncertainties in overseas economies.

Following the Brexit vote in June, the report calls for vigilance against rising economic uncertainties, as well as to the effects of financial market volatility.

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Huawei sees revenues surge in the first half of 2016 www.bbc.com

Chinese technology and smartphone giant Huawei has reported a 40% surge in revenue for the first half of 2016.
The firm reported 245.5bn yuan ($37bn, £28bn) in revenues, up from 175.6bn yuan for the same period last year.
It did not disclose its net profit but said the operating margin was 12%, down from 18% in the first half of 2015.
Huawei is the third-biggest smartphone vendor in the world behind Samsung and Apple and one of the world's largest telecommunications firms.
Originally known for its low-cost smartphones, Huawei has now moved into higher-end models.
The company said it had seen steady growth across all its business sectors.
Patent feud
The firm is currently in a long-standing patent dispute with South Korean rival Samsung.Samsung on Friday sued Huawei for alleged patent violation, the latest development in a series of disputes between the Asian smartphone giants.
The South Korean company said it took legal action to defend its intellectual property despite efforts to resolve the dispute amicably.
The court case comes after Huawei had sued Samsung over patent issues in May.
Huawei, based in Shenzen, has long been blocked from running broadband projects in the US and Australia. Its telecommunications devices for carriers, such as routers, are effectively banned in the US over fears they could be used by Beijing to spy on Americans.
Its other businesses, such as consumer electronic products -including mobile devices - are allowed in the US, but the firm has struggled to grow its presence there.
 
 
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June trade balance in black www3.nhk.or.jp

Japan's trade balance in June was in the black for the first time in 2 months. Low crude oil prices have pushed down the overall value of imports.

Officials at the Finance Ministry say the trade surplus was 693 billion yen, or about 6.5 billion dollars.

The value of exports shrank 7.4 percent from a year earlier. Steel was down 24 percent.

Imports also fell. They were down nearly 19 percent.
Crude oil, natural gas and other mineral resources plunged more than 30 percent.

The trade balance for the first half of this year has turned out to be 17 billion dollars in the black. That's the first biannual surplus since the latter half of 2010.

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No takers in Ukraine's privatization sale www.rt.com

Ukraine has failed to sell its largest ammonia maker, with no bids for the company, according to the State Property Fund (SPF).
 
The government wanted to sell a 99.567 percent stake in Odesky Pryportovy Zavod (OPZ), and was expecting to raise at least $600 million (15 billion hryvnia).
 
According SPF chief Igor Bilous, investors balked due to the number of reasons, such as the plant’s $193 million debt to agricultural company Group DF, a lack of tax benefits, restrictions on dividend payout, as well as the high cost of the enterprise.
 
The plant is currently in litigation with a company called Nortima that is supposedly owned by Ukrainian tycoon Igor Kolomoisky. In 2009, Nortima offered the highest of three bids in a privatization tender, but the SPF refused to recognize Nortima as the winner, saying the price of $600 million (5 billion hryvnia at the time) was too low.
 
“Potential investors were interested in the plant, but after they studied the package of documents and studied the situation in Ukraine and around the facility, they said they were not prepared to take part in the auction under the given conditions,” said the SPF.
 
The OPZ ammonia plant posted a net profit of 211 million hryvnia ($8.5 million) last year with a net loss of 419 million hryvnia ($16.9 million) in the first quarter, compared to a profit of 90 million hryvnia ($3.6 million) a year earlier.
 
The government’s privatization program aims to improve the companies’ efficiency and ease investors’ concerns over corruption on the state sector of the Ukraine’s economy.
 
In February, the Ukrainian parliament adopted a law for the sale of state assets following the suspension of the privatization of some of the country’s main businesses, including power utilities.
 
Another attempt to sell the plant could be made in the fall, according to Bilous. “I hope the decision to retry the privatization of Odesky will be made in the near future,” he said, stressing that all the risks around the plant and in Ukraine in general had their price.
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