Mongolian Business Database is actively/efficiently cooperating with AVS Russia and Beijing Hoer International Fairs and arranging the exhibitors or/and B2B face to face meeting participants with the exhibitors on certain events of the parties.

At this time MBD is promoting and arranging the Mongolian participants 37 meetings at Chinese G-Plast (plastic and rubber), and 21 meetings at Russian World tourism online expo.

MBD will host its first "Cashmere, Wool, Fur & Leather 2020" online expo/B2B meetings through Dec 05-15 and more than 10 Russian companies on textile field are registered for it as of today Nov 16.

The next will be "Meat, Food & Beverage" in the beginning of 2021.

HOHHOT, Nov. 12 (Xinhua) -- Ten container trucks, loaded with the first batch of sheep donated from Mongolia, departed from the border city of Erenhot in north China's Inner Mongolia Autonomous Region on Thursday morning.

The batch of 12,000 sheep, which were slaughtered, are expected to arrive in Wuhan, capital of central China's Hubei Province, in two or three days.

The processed mutton has been put into package boxes labelled "Mongolia-donated sheep."

Mongolian President Khaltmaa Battulga in February visited China at the critical stage of China's COVID-19 epidemic prevention and control and promised to offer 30,000 sheep as a token of support.

From Oct. 22, batches of donated sheep began to arrive in Erenhot, where they undergo quarantine and inspection and are slaughtered.

By Wednesday, 27,100 sheep donated from Mongolia had arrived in Erenhot. Enditem

The SCO is an international forum that brings together the leaders of major Asian states to talk about security, politics and economics. It was formed in 2001 in Shanghai (hence the name). Mongolia is currently an observer state, but not a full member.

Since its creation, the SCO has mostly been seen as a way for its main countries – Russia, China and India – to cooperate on military issues, such as organising exercises and collaborating on counter-terrorism efforts. Yet in recent years, the SCO has been rebranding itself as both a military and economic get-together.

Tomorrow’s meeting will be the first time that India’s leader Narendra Modi and Chinese president Xi Jinping have been in the same (virtual) room since fatal clashes along their Himalayan border earlier this year. According to the South China Morning Post, Beijing has said that the two leaders won’t be meeting on the sidelines of the summit (as leaders often do).

Ahead of the meeting, Mongolia’s Foreign Minister N.Enkhtaivan told journalists that Russia and China are both putting pressure on Mongolia to apply for full membership.

“Chinese Foreign Minister Wang Yi proposed that Mongolia should join,” Enkhtaivan said. “During my official visit to Russia, this issue was suggested during a meeting with [Russian Foreign Minister] Sergei Lavrov.”

Enkhtaivan then cited President Battulga’s position that Mongolia will continue to ‘study’ the possibility.

Back in June, Russia’s Deputy Foreign Minister Igor Morgulov told the TASS news agency that Russia would ‘certainly support’ Mongolia if it wanted to join.

However, there are reasons why Mongolia may not want to. First, the South China Morning Post also reported that Mongolia’s relations with China are ‘tense’ over the issue of language education in Inner Mongolia. Second, the SCO is also seen as a way to counter the influence of the US, possibly through a new monetary system to counter the global importance of the American dollar.

So when the Mongolian government says it will ‘study’ the possibility, it likely means that it is considering the impact of joining the SCO on its relations with both China and the US. It will also weigh up the benefits against its own to-do list for the next few years, which include increasing exports to Russia and promoting a gas pipeline from Siberia to China.

A gold stream is “probably the most attractive” option for Canadian miner Turquoise Hill Resources as it seeks funding for a copper and gold project in Mongolia, the head of mine financing company Wheaton Precious Metals said on Tuesday.

Turquoise Hill last week began arbitration proceedings against its biggest shareholder Rio Tinto to seek “clarity” on financing for Oyu Tolgoi, one of Rio’s biggest growth projects.

Streaming is a type of alternative finance that generally involves an upfront payment by the streamer to a miner, which repays the loan by supplying metal at a later date.

A “gold streaming transaction” is among options under study by Turquoise Hill to plug a funding gap for the project estimated at $1.7 billion as of the end of the second quarter, the company said.

The aim would be to reduce the size and delay the timing of any equity rights offering.

“Definitely from a Turquoise Hill shareholder perspective I would say it is probably the most attractive way of financing that project,” Randy Smallwood, president and chief executive of Wheaton Precious Metals, told Reuters.

He declined comment when asked if Wheaton was in active talks. Any such deal would require approval from Rio.

“That’s one of the challenges that I think Turquoise Hill has,” he said.

Turquoise Hill and Rio declined comment.

Additional debt or a streaming agreement are not in Rio’s best interests as both options would leave the miner carrying all the risk but with a higher cost of capital than a direct equity funding option, Bank of Montreal analyst Edward Sterck said last week in note.

The Oyu Tolgoi deposit in south Mongolia is jointly owned by the Mongolian state and ranks as one of the world’s largest known copper and gold deposits.

(By Jeff Lewis; Editing by Chris Reese, Emelia Sithole-Matarise and David Gregorio)

US President Donald Trump has issued an order banning American investments in Chinese firms the government determines have ties to the Chinese military.

In the order, Mr Trump accused China of "increasingly exploiting" US investors "to finance the development and modernisation of its military".

The ban is to go into effect in January.

It could affect some of China's biggest publicly-listed firms, including China Telecom and tech firm Hikvision.

Throughout his administration, Mr Trump has made efforts to disentangle the US from its close economic ties with China.

He has raised border taxes on billions of dollars worth of China goods and imposed sanctions on some of its tech companies.

Relations between the two superpowers have also soured over issues such as coronavirus, and China's moves in Hong Kong.

Why US-China relations have reached a low

Officials said the new order had been under review for months. It applies to shares owned directly or indirectly in 31 firms identified by the US earlier this year as backed by the Chinese military, a list that includes tech firms and large state-owned construction companies among others.

US investors have a year to comply with the rules.

Mr Trump, who recently lost to challenger Joe Biden in the US presidential election, is due to leave the presidency shortly after the order goes into effect.

Mr Biden has not outlined his China strategy, but during the campaign he promised to challenge the Chinese government on similar issues as Mr Trump, including trade abuses and cyber-theft.

Mr Trump's stance on China is one of the rare areas in which he has sometimes received support from both Democrats and Republicans.

Several politicians in Congress have also proposed laws to block US investment in firms the White House designates as threats.

Earlier this year, Mr Trump ordered the pension fund for government employees to abandon a plan to invest in Chinese companies. The US has also said it is considering de-listing Chinese firms from US stock exchanges if they do not comply with US audit rules.

The efforts come as US exposure to companies listed on Chinese stock exchanges has grown.

But such investments remain a small fraction of overall US holdings. In a report earlier this year, researchers for financial regulators at the US Securities and Exchange Commission estimated that US mutual funds held about $43.5bn in Chinese stocks and bonds at the end of April.

A spokeswoman for the Investment Company Institute, a trade association for mutual funds and other money managers, said it was reviewing the order and had no further comment.

The price of the world's top cryptocurrency, bitcoin, briefly surged to $16,157 on Thursday, hitting a high not seen since January 6, 2018. Analysts say that a number of companies appear to be warming to the digital currency.

Bitcoin was trading up two percent at $15,830 as of 12:34 GMT. It is now up 123 percent on a year-to-date basis and has gained nearly 50 percent so far this quarter, according to CoinDesk.

Analysts have attributed the price growth to the cryptocurrency having recently received validation from several public companies and prominent investors as a store of value asset.

“Against the backdrop of stimulus from the Federal Reserve, we expect investors holding cash to continue to allocate to bitcoin,” Kyle Davies, co-founder of Three Arrows Capital, told CoinDesk.

“The interest so far in 2020 has been primarily from institutions, and we could see more retail participation when bitcoin breaks its previous all-time highs of $20,000,” Davies added.

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Last month, fintech giant PayPal announced it would add new features letting users trade bitcoin, ether, bitcoin cash and litecoin. By early 2021, it plans to let customers use cryptocurrencies to shop with its network of 26 million retailers.

Another fintech company, Square, which is run by Twitter CEO Jack Dorsey, said in October it had bought $50 million worth of bitcoin. Square has long offered crypto services to users of its popular Cash app.

The world’s best-known and most valuable cryptocurrency, bitcoin has more than doubled in price this year, akin to its rally in late 2017 that saw it narrow in on the $20,000 mark.

Kuala Lumpur: The Asian Football Confederation (AFC) has today announced that Unitel will be the first ever broadcaster in Mongolia to show the AFC competitions in the period from 2021 to 2024.

The deal includes all major AFC national team and club competitions, including but not limited to the AFC Asian Qualifiers – Road to Qatar, the AFC Champions League and AFC Cup from the 2021 season, the AFC Asian Cup China 2023 and the AFC U23 Asian Cup Finals 2022 and 2024.

Unitel is one of the most subscribed telecommunications companies in Mongolia and through their channel UniLive and digital service Look TV, Unitel will provide extensive live coverage of all Mongolian national team and club matches.

Dato’ Windsor John, the AFC General Secretary, said: “We are delighted with this ground-breaking partnership in Mongolia, one of the aspiring nations in Asian football. This deal demonstrates the value and appeal of the AFC’s competitions and we thank Unitel for being the first Mongolian broadcaster to partner with the AFC.”

Munkhbat Enkhtaivan, Content Strategy and Planning Director at Unitel, said: ‘’We are delighted to announce this new partnership to secure one of the most prestigious sporting competitions in Asia. Football is becoming increasingly popular in Mongolia and we are proud to be able to offer AFC competitions to our fans to fulfil their needs and boost the wide range of entertainment Unitel has to offer.’’

Patrick Murphy, Board Member and CEO at Football Marketing Asia, said: ‘’We are thrilled to have Unitel as our valued media partner in Mongolia. Football is growing among grassroots and we are excited about the prospect of Unitel further strengthening the presence of top Asian football in the region.’’

The Mongolian Government has decided to change from a state of advanced emergency readiness (third degree emergency situation) to one of public emergency readiness (second degree emergency situation) nationwide for five days from 12-17 November. The cabinet held an emergency meeting yesterday night at 10.00 p.m. after a local truck driver and his family members tested positive for coronavirus. The truck driver was confirmed positive after completing 21 days of mandatory isolation. Before he was confirmed as having infection, he and his family members had watched a concert at the UB Palace – this is a large public venue in the west of Ulaanbaatar; potentially the consequences could be disastrous.

During the second–degree emergency period, people are banned from leaving home unless it is for vital needs such as buying food or attending funerals. In addition, public transportation will only run in the morning from 07.00 a.m. to 10.00 a.m. and in the evening from 5.00 p.m.to 9.00 p.m. Most employees will work from home; however, energy, health workers, media, food production plants and supermarket staff will work regular hours.

If the situation worsens, the Government will impose a state of national emergency situation (first degree). Mongolia first announced a state of advanced emergency readiness and preparation in late January after the Covid-19 pandemic started with in Wuhan, China. Since then, the Government has extended the period of the advanced emergency readiness and preparation multiple times. As a result of these prompt and strict measures, until very recently there have been no local transmissions and to date, no deaths.

(11 November), the National Emergency Commission decided to suspend all charter flights scheduled to be conducted in November to repatriate Mongolians stranded in pandemic hit regions. According to Deputy Prime Minister Ya. Sodbaatar, all flights will be suspended for an indefinite period until the government takes control of local transmission cases which started with a truck driver who was confirmed having coronavirus infection after leaving an isolation center.

Mongolia repatriated over 160 of its nationals yesterday from Tokyo with charter flight by MIAT, Mongolian airlines. The airline is conducting another flight to Seoul today (12 November) for passengers who applied to go to South Korea; however, it returned without any passengers – just but medical equipment.

Subsequently, the following charter flights are now suspended:

-to Seoul on 13, 18, 20 and 27 November

-to Frankfurt on 19 November

-to Tokyo on 25 November.

New York (CNN Business)Pfizer CEO Albert Bourla filed to sell millions of dollars of his company's stock Monday -- the day the pharmaceutical giant announced positive data about its coronavirus vaccine.

The company's shares soared after Pfizer and European drug company BioNTech said early data suggests the vaccine could be more than 90% effective.

The transaction was part of a regularly scheduled plan set up by Bourla to periodically sell some of his Pfizer shares.

Bourla sold 132,508 Pfizer (PFE) shares at a price of $41.94, according to a filing with the Securities and Exchange Commission. That works out to proceeds of nearly $5.6 million.

A Pfizer spokeswoman said in an email to CNN Business that the sale took place because Pfizer shares hit a predetermined price as part of a plan authorized by Bourla on August 19.

When asked if Pfizer and Bourla thought to cancel the stock sale due to the perception that Bourla might be cashing in on good news, the spokeswoman said that "these are predetermined plans managed through a third-party stock administrator."

Another Pfizer officer, executive vice president Sally Susman, also sold shares Monday as part of a prearranged plan. Susman sold 43,662 shares at the same $41.94 price that Bourla sold at, a transaction valued at more than $1.8 million.

Many executives sell stock at predetermined intervals to diversify their portfolios. But they can delay the sales to avoid appearances of capitalizing on one-off events that can boost company's shares.

Bouria told CNN's Sanjay Gupta that he learned of the trial's results Sunday, a day before they were made public.

Shares of Pfizer surged nearly 8% Monday and were flat Tuesday. BioNTech's (BNTX)stock has rallied even more sharply, rising 15% Monday and another 8% Tuesday. Pfizer's stock fell more than 1% Wednesday.

The Pfizer stock sale comes just a few months after executives at Moderna (MRNA), a biotech also working on a Covid-19 vaccine, sold shares following the release of promising trial results.

Critics accused Moderna of overhyping the vaccine trial results, but the company nonetheless raised $1.3 billion in a stock sale immediately following the vaccine trial announcement.

Executives then sold tens of millions of dollars worth of Moderna shares before the company's stock price fizzled a week later.

Some former SEC officials called on Moderna to be investigated for potential illegal market manipulation.