1 MONGOLIA’S STATE-OWNED MONGOL REFINERY TO BRING NEW 1.5 MT/YEAR OIL PLANT ONLINE BY 2026 WWW.ENERGIESMEDIA.COM  PUBLISHED:2026/01/05      2 TMK ENERGY SCORES FIFTH CONSECUTIVE MONTHLY MONGOLIAN GAS INCREASE WWW.THEWEST.COM.AU PUBLISHED:2026/01/05      3 RUSSIA PROPOSES NUCLEAR POWER PLANT & URANIUM MINING PROJECTS FOR MONGOLIA WWW.RUSSIASPIVOTTOASIA.COM PUBLISHED:2026/01/04      4 HUNNU CITY AS AN URBAN CONSTELLATION FOR MONGOLIA’S 2050 VISION WWW.PARAMETRIC-ARCHITECTURE.COM PUBLISHED:2026/01/04      5 MONGOLIA'S CENTRAL BANK PURCHASES 16.3 TONS OF GOLD IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/03      6 MONGOLIA'S FOREX RESERVES REACH RECORD HIGH IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/03      7 MONGOLIA LEADS WORLD RANKINGS IN MEMORY, MIND SPORTS WWW.MONTSAME.MN PUBLISHED:2026/01/03      8 MONGOLIA EXTENDS VISA EXEMPTION POLICY FOR 34 COUNTRIES BY ONE YEAR WWW.VISASNEWS.COM PUBLISHED:2026/01/02      9 MONGOLIA AND CHINA HAVE ERECTED MORE THAN 4.700 KILOMETERS OF BORDER FENCES TO CONTAIN LIVESTOCK, CURB PASTURE DEGRADATION, AND TRANSFORM THE GRASSLAND INTO A PERMANENT ECOLOGICAL BORDER OF TERRITORIAL SOVEREIGNTY WWW.EN.CLICKPETROLEOEGAS.COM.BR  PUBLISHED:2026/01/02      10 CHINA TIGHTENS EXPORT CONTROLS ON SILVER, STEEL, ANTIMONY WWW.CHOSUN.COM PUBLISHED:2026/01/02      УЛААНБААТАР ХОТ LRT 1-Р ШУГАМЫН ХУВИЙН ТҮНШИЙГ СОНГОН ШАЛГАРУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/05     ЕВРОПЫН 32 ОРНЫ ИРГЭД НЭГ САРЫН ХУГАЦААНД МОНГОЛД ВИЗГҮЙ ЗОРЧИНО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/05     МОНГОЛБАНК 16.3 ТОНН ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/03     МОНГОЛЫН АГААРЫН ТЭЭВРИЙН ШИНЭ ҮЕ: 2026 ОНД АЗИ, ЕВРОП, ХОЙД АМЕРИК РУУ ШИНЭ ЧИГЛЭЛҮҮД НЭЭНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/03     58.1 САЯ ТОЛГОЙ МАЛ ТООЛОГДЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/03     ШЕЗ-ИЙН ДАРГААР П.ЗОЛЗАЯАГ СОНГОЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/03     ТУУЛЫН ХУРДНЫ ЗАМЫН БҮТЭЭН БАЙГУУЛАЛТЫН БАРИЛГЫН АЖЛЫГ ГУРАВДУГААР САРД ЭХЛҮҮЛНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/03     ШАРХАД, БАЯНХОШУУНД ТУС БҮР 110 АЙЛЫН НОГООН ОРОН СУУЦЫГ АШИГЛАЛТАД ОРУУЛЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/02     МИЛЛЕР: “СИБИРИЙН ХҮЧ–2” ХИЙН ХООЛОЙН ТӨСЛИЙГ ХУГАЦААНААС НЬ ӨМНӨ АШИГЛАЛТАД ОРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/02     ТӨСӨЛ: ЖИЛИЙН 400 САЯ ТӨГРӨГ ХҮРТЭЛХ БОРЛУУЛАЛТЫН ОРЛОГОТОЙ БОЛ НӨАТ-ЫГ ХЯЛБАРШУУЛСАН ГОРИМООР ТАЙЛАГНАДАГ БОЛНО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/02    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Softbank shares slide 10% after ARM takeover www.bbc.com

Shares in Japan's Softbank have fallen 10% after being hit with a glut of sell orders following its purchase of ARM Holdings.

The £24bn ($32bn) deal for the UK chip designer is Softbank's biggest acquisition.

Investors could not react to the takeover on Monday as the Tokyo stock market was closed for a holiday.

Both the benchmark Nikkei 225 and broader Topix opened 0.7% higher after the long weekend.

Shares of Japanese games developer Nintendo jumped 10% on the continued success of its new augmented reality game Pokemon Go, which has proved to be a big hit globally.

Nintendo now has a bigger market capitalisation than Sony and luxury fashion house Hermes following its gains over the last week, according to Bloomberg data.

Meanwhile, the ASX 200 in Sydney was flat ahead of the release of minutes from the Reserve Bank of Australia's June meeting.

South Korea's Kospi is trading 0.3% lower in Seoul.

Hong Kong stocks opened 0.3% lower on profit-taking while the Shanghai Composite Index fell 0.1%.

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G20 to discuss Brexit fallout www3.nhk.or.jp

Finance ministers and central bank chiefs from the Group of 20 economies will discuss ways to minimize the fallout from Britain's decision to leave the European Union.
 
The officials will hold their first meeting since the Brexit vote in the Chinese city of Chengdu on Saturday and Sunday.
 
The agenda is expected to include trends in financial markets, a US interest rate hike, and global risks such as the slowdown in China and other emerging economies.
 
The Brexit vote has sparked turmoil and uncertainty in markets. The Japanese yen surged against the dollar to its highest level in more than two and a half years as investors seeking safe haven bought the currency.
 
The International Monetary Fund has cut its growth forecast for the 19-member eurozone for the next year by 0.2 percentage points to 1.4 percent.
 
Japanese Finance Minister Taro Aso said last week that countries should do what they can to minimize the impact of the Brexit vote. But he said too many factors remain unclear. He said he first wants to listen to EU and British officials.
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Asian law associations' leaders to assemble in UB www.mongolia.gogo.com

The 27th Summit of the Presidents of Law Associations in Asia is to take place in Ulaanbaatar, Mongolia on July 21 and 22. This year’s POLA Summit will run discussions under topics “Independence of Constitutional Courts: Role of Lawyers and Law Associations” and “Mining and Improving Legal Capacity and Human Rights”.
The Mongolian Lawyers’ Association, joined POLA in 2014 is hosting its summit at home for the first time. The right to host this event was obtained in 2015 POLA Summit, held in Goa, India.
The POLA is a non-political organization, established in 1990 with an aim to protect interests of the lawyers of Asian and Pacific countries and to improve their professional responsibilities and legal education.
The 27th POLA Summit expects adoption of a declaration of privileges of the lawyers in the region.
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Bank of America second quarter profits fall 19% www.bbc.com

Bank of America reported a 19% slide in profit in the second quarter, as persistently low interest rates hurt the bank's loan business.
The bank made just $3.89bn (£2.93bn) in profit during the period between April and June, down from $4.8bn last year.
The results still beat analysts expectations, and Bank of America's shares rose 1.8%.
Profits across US banks have been hit by the Federal Reserve's low interest rate policy.
"We had another solid quarter in a challenging environment," said chief executive Brian Moynihan.
Bank of America opted to take a $1bn charge, in anticipation of customers refinancing their mortgages in the ultra-low interest rate environment.
The bright spot for Bank of America was its trading revenue, which rose sharply following the UK's vote to leave the European Union.
Revenue from the global trading division climbed 12% to $3.8bn for the quarter.
The bank also continued its strategy of cutting employee and branch numbers as a way to reduce costs. The number of staff fell by approximately 6,000, and the number of bank branches fell by 108.
Mr Moynihan said expenses were down 3%, to levels not reached since 2008.
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Ruble rises as emerging market cash shifts from Turkey www.rt.com

The Russian currency strengthened on Monday, trading at a nine-month high of 63.10 to the US dollar and 69.64 to the euro on the Moscow Stock Exchange.Analysts link the ruble growth to dividend payouts and the tax season, as well as nervous emerging market investors shifting their money from Turkey after this weekend's attempted coup.
 
Overall, the Russian currency has gained 17 percent this year, the most in emerging markets after Brazil’s real. The ruble exchange rate, which was traditionally tied to the oil price, was performing better than crude which traded at $47.71 per barrel Monday.
 
The head of the monetary and financial department of Citibank’s local branch Denis Korshilov explained the ruble’s rally by the peak tax season in Russia. Companies are now paying dividends and converting funds into rubles, thus strengthening the currency, he told business daily Vedomosti. The Russian tax period started on Friday and will peak on July 25.
 
“Taxes and dividend payments will remain key drivers for the ruble this week,” Alexey Egorov, an analyst at Moscow-based Promsvyazbank told Bloomberg. “Some investors may switch their investments from Turkey into Russian assets amid uncertainty in Turkey after the failed coup attempt."
 
According to Egorov, the ruble’s gains mean it’s catching up with its fair value relative to oil. He added the currency should trade as strong as 62 to the dollar based on the current price of crude.
 
Some experts say Friday night’s coup attempt in Turkey, which pushed investors to buy into safe havens, has also helped the ruble shrug off a slump in crude prices in the last two weeks. Others claim the political crisis in Turkey where army officers tried to take control of the country, didn’t have any effect on the Russian financial market.
 
"Even though the attempt of a military coup in Turkey has failed it could push the country's economy into a protracted crisis. However, for the global economy in general, the incident is of little threat,” an analyst from Rossiysky Capital bank Anastacia Sosnova was cited by finam.ru
 
The Turkish lira plunged almost five percent on Friday during the attempted military overthrow of Erdogan's government. The lira reached its lowest level since the 2008 global financial crisis.
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Tech arms race lifts Japan carmakers' R&D budget to record www.asianikkei.com

TOKYO -- Rushing to meet technological needs in the era of tightening environmental regulations, Japanese automakers are set to spend a record sum on research and development this fiscal year.
 
R&D investment by seven major Japanese carmakers will rise to an all-time-high 2.81 trillion yen ($26.8 billion), according to data compiled by The Nikkei. That would mark a 2.8% uptick from fiscal 2015 and the seventh straight annual increase.
 
The figure represents a jump of nearly 1 trillion yen from fiscal 2009 -- shortly after the financial crisis. In addition to fuel-efficient vehicles, the automakers are eager to get their hands on autonomous driving technologies. With their budget accounting for a fourth of R&D spending among manufacturers, the auto sector holds significant sway on technological innovation.
 
Of the seven companies, Toyota Motor, Nissan Motor, Suzuki Motor, Mazda Motor and Fuji Heavy Industries are planning record-high spending.
 
Toyota's outlays are to increase 2.3% year on year to 1.08 trillion yen, which includes funds for unit Daihatsu Motor and others. That compares with equivalent investment of 800 billion yen to 900 billion yen by such foreign rivals as General Motors of the U.S. and Daimler of Germany.
 
Toyota has set its sights on both zero-emission fuel cell vehicles and plug-in-hybrids to respond to tighter environmental regulations. Its R&D spending is to surge about 20% from a decade ago, while capital spending is to drop by 10% or so to 1.35 trillion yen. This highlights a sharpening focus on intellectual property.
 
Nissan's R&D spending will climb 5.3% to 560 billion yen, as the company seeks to develop biofuel-powered fuel cells in order to extend electric vehicles' driving range.
 
Honda's will decrease by 4.1% because of model development cycles. But the company will open an R&D site in central Tokyo this fall to study the artificial intelligence necessary for self-driving technologies, in collaboration with other research institutes.
 
Suzuki plans to lift R&D spending 6.9% to 140 billion yen as it seeks to strengthen green offerings in emerging economies. Mazda, with a focus on fuel economy, will increase spending 7.2% to 125 billion yen. Subaru maker Fuji Heavy will ramp up spending 17.2% to 120 billion yen, and Mitsubishi Motors plans a 23.3% jump to 97 billion yen.
 
While the percentage increases are bigger for these midtier automakers, the gap in investment is widening compared with top automaker Toyota, whose spending had already reached 800 billion yen 10 years ago.
 
Smaller manufacturers that cannot afford huge spending will likely seek outside business resources, says Carlos Ghosn, CEO of Nissan, predicting a possible industry realignment. Nissan has agreed to take a 34% stake in scandal-mired Mitsubishi Motors.
 
Capital spending by the seven automakers is seen totaling 3.01 trillion yen for fiscal 2016. This is a 4.5% increase on the year but still 0.6% lower than in fiscal 2006, before the financial crisis hit.
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SpaceX launches new-style space docking port into orbit www.theguardian.com

SpaceX has sent a new-style space station docking port into orbit en route to the International Space Station.
 
An unmanned Falcon rocket was launched early on Monday in Florida carrying 2,267kg (5,000lbs) of supplies in the Dragon space capsule along with the new docking port.
 
The Dragon successfully made it into orbit, according to Nasa, and is due to arrive at the space station on Wednesday.
 
It is SpaceX’s second shot at delivering a new-style docking port for Nasa. The last one went up in smoke over the Atlantic last year, a rocket accident casualty.
 
SpaceX also managed to bring the used first-stage booster back to Cape Canaveral Air Force Station for a vertical landing – only the second such land landing for an orbital mission and the ultimate in recycling.
 
Nasa needs this new docking ring to be set up on the space station so that Americans can fly up in crew capsules next year.
 
“I know how critical this is for Nasa,” Hans Koenigsmann, SpaceX’s vice president for mission assurance, said during a press conference on Saturday.
 
A second docking ring is due to be delivered in 2017, Nasa said.
 
“Each commercial resupply flight to the space station is a significant event. Everything, from the science to the spare hardware and crew supplies, is vital for sustaining our mission,” said Kirk Shireman, Nasa’s International Space Station program manager.
 
“With equipment to enable novel experiments never attempted before in space, and an international docking adapter vital to the future of U.S. commercial crew spacecraft, we’re thrilled this Dragon has successfully taken flight.”
 
Owned and operated by Musk, the technology entrepreneur who founded Tesla Motors Inc, SpaceX is developing rockets that can be refurbished and re-used, potentially slashing launch costs. So far, it has successfully landed a Falcon on the ground once and on an ocean platform in three out of its last four attempts.
 
SpaceX intends to launch one of its recovered rockets as early as autumn of this year, Koenigsmann said.
 
Landing the rocket is a secondary goal. The main mission is placing the Dragon capsule into orbit and sending it on a two-day trip to the station.
 
The capsule holds nearly 5,000 lbs (2,268 kg) of food, supplies and equipment, including a miniature DNA sequencer, the first to fly in space.
 
The metal docking ring, built by Boeing, is 2.4m (7.8ft ) in diameter. After its attachment to a berthing port on the station, it will serve as a parking space for commercial spaceships under development by SpaceX and Boeing. The manned craft are scheduled to begin test flights next year.
 
Since the US space agency retired its fleet of space shuttles five years ago, the United States has depended on Russia to ferry astronauts to and from the station at a cost of more than $70 million per person.
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Brexit 'will be horrible for UK economy' - fund manager www.bbc.com

The vote to leave the European Union will have a "horrible" impact on the UK economy, which could "judder to a halt", a leading fund manager has said.
Richard Buxton, chief executive of Old Mutual Global Investors (OMGI), described Brexit as "really bad news".
He told the Guardian he feared the move could lead to a recession.
Financial markets would remain volatile while the government negotiated an exit deal with the EU, Mr Buxton added.
OMGI has managed funds worth £26bn for both institutional and individual investors.
Speaking to the newspaper, Mr Buxton said the stock market had priced in a "pretty significant recession" for the UK given the slide in share prices of companies such as house-builders and banks.
Shares in two of the UK's biggest house-builders, Barratt Developments and Persimmon, have fallen almost 30% and 25% respectively since 24 June - the day the referendum result was announced.
"I think the economy is going to judder to a halt [or] have a mild recession, but I don't think it is going to be as severe as some of these shares are pricing in... The real economy is only going to gradually emerge over the next three to six months," Mr Buxton said.
House prices are expected to fall across the UK in the next three months, a survey by the Royal Institution of Chartered Surveyors has found.
The new chancellor, Philip Hammond, has said the Brexit vote has "rattled" financial markets and that the UK economy will face challenges following the "shock" of the referendum outcome.
Duty cuts
Mr Hammond was facing "one of the most unusual economic environments I have known in my 30-year investment career", Mr Buxton said.
He predicted the UK government would take steps such as cutting stamp duty on house purchases and fuel duty in the Autumn Statement to help compensate for the dramatic slide in the pound.
Sterling was trading as high as $1.50 on the day of the EU referendum, but collapsed to as low as $1.28 in the wake of the leave vote.
The currency is now worth just under $1.32, but several big banks predict the pound to fall to $1.25 or lower given the expectations of interest rate cuts and slowing economic growth.
Mr Buxton said some OMGI clients had asked for their money back, but one big foreign client had increased its investments on the belief that the slide in sterling and falling share prices meant there were bargains to be had.
However, many Old Mutual clients were still "slightly stunned" by the Brexit vote and were reluctant to take any action, he said.
"That will fade over time, but it's how can we get out to people and say 'look, we do still think there are some amazing investment opportunities here'," Mr Buxton said. "Our mood here is we're glass half full people."
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SoftBank agrees to buy Britain's ARM Holdings for $31 billion: FT www.reuters.com

Japan's SoftBank Group Corp (9984.T) has agreed to buy ARM Holdings PLC (ARM.L) for 23.4 billion pounds ($31 billion), the Financial Times reported on Monday, citing two people familiar with the negotiations.
 
ARM, which provides technology for the iPhone, is a major presence in mobile processing, with its processor and graphics technology used by Samsung (005830.KS), Huawei [HWT.UL]and Apple (AAPL.O) in their in-house designed microchips.
 
SoftBank could not immediately be reached for comment. ARM Holdings officials were not available outside market hours.
 
If confirmed, the deal would be one of the largest in European technology to date, and SoftBank's largest ever, bigger than the $22 billion acquisition of a controlling stake in wireless operator Sprint in 2013, a deal that left the group with hefty debts.
 
An announcement on Monday would come less than a month after the Japanese group's founder, Masayoshi Son, scrapped his plans to leave the company. He said he wanted to develop Sprint and complete the transformation of SoftBank into an Internet investment powerhouse.
 
It also comes just weeks after Britain voted to leave the European Union, battering sterling and bolstering the yen.
 
According to the Financial Times report, SoftBank will pay 17 pounds in cash for each ARM share, a premium of more than 40 percent to Friday's close at 11.89 pounds.
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China, EU looking for solution to steel disputes www.chinadaily.com

China and the European Union are looking for "an appropriate mechanism" to solve their steel trade disputes, the Ministry of Commerce said on Saturday.

The ministry confirmed reports that Chinese and EU leaders discussed steel trade, and the many European anti-dumping investigations into Chinese steel, during the 18th China-EU summit, held on Tuesday.

The EU has launched 15 anti-dumping investigations into Chinese exports since 2014, with eight of them related to steel products.

"Leaders from both sides have asked their departments in charge of foreign trade to enhance exchanges in the steel trade," according to a brief statement on the ministry's website.

Ministry officials have said on many occasions that China, the world's largest steel producer, has been wrongly blamed for the difficulties faced by the global steel industry. Actually, it is the anemic global economy and weak demand that are to blame.

The ministry maintains that frequent use of protectionist measures will not help end global steel overcapacity, but rather disrupts normal trade order.

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