* Moody's changes outlook on Mongolia banking system to stable from negative

* Moody's on Mongolia banking system - outlook indicates expectation for how bank creditworthiness will evolve in the country over the next 12-18 months

* Moody's on Mongolia banking system- Moody's baseline scenario assumes a marginal decline of 0.2% in real gdp growth for Mongolia in 2017

* Moody's on Mongolia banking system- Moody's forecasts real gdp growth for Mongolia of 1.8% in 2018

* Moody's- outlook on Mongolia's banking system based economic program between imf,government of Mongolia to lead to less challenging operating environment Source text - (bit.ly/2tA3foQ)

The 2-day conference will be held following an agreement reached at a meeting in Vietnam in May, which was attended by ministers of the 11 parties to the TPP deal. The United States withdrew from the pact in January.

By making as few revisions to the deal as possible, the Japanese government hopes to reach a broad agreement before the Asia-Pacific Economic Cooperation summit in November.

But government officials say that, while countries such as Canada and Australia are positive, Malaysia and Vietnam are cautious about implementing the pact without the US.

The bank provided multimillion dollar loans to Trump’s real-estate business before his political career.

"We respectfully disagree with the suggestion that Deutsche Bank freely may reveal confidential financial information in response to requests from individual members of Congress," Deutsche's counsel said in a letter seen by Reuters.

Maxine Waters and four fellow Democrats have demanded Deutsche disclose the information about Trump’s bank account.

"Trump has made it entirely clear that he has a lot to hide, and it appears that Deutsche Bank is willing to cover for him," Waters wrote to the news agency.

"Efforts by Trump, his family members and associates, and Deutsche Bank to avoid scrutiny only intensify our resolve to follow the Trump money trail,” she added.

In June, a disclosure document published by the US Office of Government Ethics showed liabilities for Trump of at least $130 million to Deutsche Bank Trust Company Americas.

The Democrats don’t have the power to make Deutsche Bank disclose the information. The Financial Services Committee can issue a subpoena, but the Republicans, who are in the majority, would have to agree.

Within the scope of the campaign, MDM LLC initiated the Mongolian Milk Powder project to build mobile dairy factories in 60 soums of 19 provinces in Mongolia. The new factory opened in Ikh Uul soum is the first factory constructed through the project. The project executors predict that they will be able to create up to 2,000 new full-time jobs and increase income of over 20,000 herders through better milk supply chains.

According to MDM LLC, the factory is capable of drying 80 liters of milk in an hour and producing 1.5 tons of milk powder a day.

“There’s a need to utilize unused milk in soums, meet the national demand for milk and dairy products through domestic production, substitute dairy imports and boost exportation. Active participation of the private and public sectors and their cooperation is greatly significant to developing the dairy sector, which would help resolve the issue at hand,” said D.Sovd, a monitoring specialist at the Ministry of Food, Agriculture and Light Industry.

“The ministry started collaboration with Mongol Dry Milk LLC to carry out the Mongolian Milk Powder project to meet domestic milk and dairy product demands using milk resources in soums and ultimately increase dairy exports.”

Prime Minister J.Erdenebat testing the milk drying machine
Prime Minister J.Erdenebat testing the milk drying machine
The project will be carried out through 2025, according to Director of Mongol Dry Milk LLC E.Erdenebileg, who says he is confident that the mobile factories to be built through the project will play a big role in the development of Mongolia.

“Drying milk will not only cut transportation cost of milk by tenfold but also provide the opportunity to store and supply milk to domestic dairy factories throughout the year,”said E.Erdenebileg.

The IPO will be a key test of Dropbox's worth after it was valued at almost $10 billion in a private fundraising round in 2014.

Dropbox will begin interviewing investment banks in the coming weeks, the sources said, asking not to be named because the deliberations are private.

Dropbox declined to comment.

Several big U.S. technology companies such as Uber Technologies Inc and Airbnb Inc have resisted going public in recent months, concerned that stock market investors, who focus more on profitability than do private investors, would assign lower valuations to them.

Snap, owner of the popular messaging app Snapchat, was forced to lower its IPO valuation expectations earlier this year amid investor concern over its unproven business model. Its shares have since lingered just above the IPO price, with investors troubled by widening losses and missed analyst estimates. It has a market capitalization of $21 billion.

Still, for many private companies, there is increasing pressure to go pubic as investors look to cash out.

Proceeds from technology IPOs slumped to $6.7 billion in2015 from $34 billion in 2014, and shrunk further to $2.9 billion in 2016, according to Thomson Reuters data.

Dropbox's main competitor, Box Inc (BOX.N), was valued at roughly $1.67 billion in its IPO in 2015, less than the $2.4 billion it had been valued at in previous private fundraising rounds.

San Francisco-based Dropbox, which was founded in 2007 by Massachusetts Institute of Technology graduates Drew Houston and Arash Ferdowsi, counts Sequoia Capital, T. Rowe Price and Greylock Partners as investors.

Dropbox started as a free service for consumers to share and store photos, music and other large files. That business became commoditized though, as Alphabet Inc's (GOOGL.O) Google, Microsoft Corp (MSFT.O) and Amazon.com Inc (AMZN.O) started offering storage for free.

Dropbox has since pivoted to focus on winning business clients, and Houston, the company's CEO, has said that Dropbox is on track to generate more than $1 billion in revenue this year.

The company has expanded its Dropbox Business that requires companies to pay a fee based on the number of employees who use it. The service in January began offering Smart Sync, which allows users to see and access all of their files, whether stored in the cloud or on a local hard drive, from their desktop.

A 4000 tons of mutton, the first batch of meat to be exported to the county in scope of an agreement reached between ‘Eco Food Trading’ LLC and ‘Darkhan Meat Foods’ LLC, was thus transported to Iran last Friday.

The meat export to Iran expands Mongolia’s foreign export market, noted the authorities of the two companies.

Mongolia is capable of exporting more than 100 thousand tons of meat per annum. If Mongolia can fully utilize this capability, the quality of Mongolian meat will be widely acknowledged in international market which will improve the livelihood of herders, the corresponding Ministry sees.

In a sharp reversal of 2016, the world's biggest coal producers – China, the U.S and India – are mining more coal, despite efforts by the 2015 Paris climate accord to rein in carbon dioxide and other emissions believed to cause global warming. President Donald Trump recently announced he is pulling the U.S. out of the agreement.

The Associated Press reports that coal production through May is up by at least 121 million tonnes for the top 3 coal producers – a 6% increase from the same period last year. The most dramatic rise is in the United States, where coal mining rose 19% in the first five months of the year.

Says AP: 

The reasons for this year’s turnaround include policy shifts in China, changes in U.S. energy markets and India’s continued push to provide electricity to more of its poor, industry experts said. President Donald Trump’s role as coal’s booster-in-chief in the U.S. has played at most a minor role, they said.
The up-turn in coal use contrasts with a report released two weeks ago from BP Plc, which said that in 2016, U.S. demand for coal plummeted 33.4 million tons of oil equivalent to 358.4 million – a level not seen since the 1970s. China, the world's largest energy consumer, burned the least coal in six years. Consumption of coal fell in every continent except Africa last year.

Other recent coal news continues to support the thesis that the fossil fuel is in decline. Three days ago the Chinese government announced that it will not allow coal imports at small ports from July 1, in a move likely to tighten supply of the fuel during summer and support a further rally in prices. Coking coal futures in China soared almost 8 percent last Thursday.

And on June 21, Coal India, the world’s largest producer, said it is closing 37 mines before March next year as it said they are no longer economically viable due to increasing competition from renewable energy sources.

China has committed to capping its greenhouse gases by 2030 and last year shut down hundreds of coal mines, while also forcing others to reduce hours. The measures were aimed at reducing coal supply and boosting prices, though the Chinese government has since relaxed that policy and production is rebounding, states AP.