On the secondary market for corporate bonds, 1 bonds worth MNT100,000 were traded.

The MSE ALL Index rose 1.08 percent to stand at 1,156.07. The MSE market cap stands at MNT 2,269,745,955,740

The number of applicants underscores the interest in the contest, which Seattle-based Amazon announced last month. The world’s largest online retailer said it would invest more than $5 billion and create up to 50,000 jobs for “Amazon HQ2”. The deadline for submitting proposals was Thursday.

Amazon said 54 states, provinces, districts and territories in the United States, Canada and Mexico were represented in the bids.

Some said this month they could offer Amazon billions of dollars in tax breaks if they were chosen. New Jersey proposed $7 billion in potential credits against state and city taxes if Amazon locates in Newark and sticks to hiring commitments, for instance.

Amazon did not disclose the range of incentives it was offered in the proposals.

Others took different tactics. The mayor of the Atlanta suburb of Stonecrest, Jason Lary, said his city would use 345 acres of industrial land to create a new city called Amazon. Amazon Chief Executive Jeff Bezos would be its mayor for life, Lary said.

Amazon is expected to choose a city that will help it recruit top talent to stay competitive with rivals such as Alphabet Inc’s Google.

The company has said it will make a decision next year.

The CRCF conducted congenital heart disease screenings in Mongolia last month, and brought 12 children to Hohhot, capital of north China's Inner Mongolia Autonomous Region, for medical treatment.

The surgeries were successful and all of the children have been discharged from hospital and returned to Mongolia, according to the CRCF.

Mongolia is one beneficiary of the humanitarian aid program targeting children in Belt and Road countries.

The 12 children were the first group from Mongolia to be treated under the program, which is expected to assist 100 Mongolian children.

Called the Khesen Formation, the site is one of the most significant for early Earth fossils since the discovery of the Doushantuo Formation in southern China nearly 20 years ago. The Dousantuo Formation is 600 million years old; the Khesen Formation is younger, at about 540 million years old.

“Understanding how and when animals evolved has proved very difficult for paleontologists. The discovery of an exceptionally well-preserved fossil assemblage with animal embryo-like fossils gives us a new window onto a critical transition in life’s history,” said Yale graduate student Ross Anderson, first author of a study in the journal Geology.

The new cache of fossils represents eight genera and about 17 species, comprising tens to hundreds of individuals. Many of them are spiny microfossils called acritarchs, which are roughly 100 microns in size — about one-third the thickness of a fingernail.

The Khesen Formation is located to the west of Lake Khuvsgul in northern Mongolia. “This site was of particular interest to us because it had the right type of rocks — phosphorites — that had preserved similar organisms in China,” Anderson said.

The discovery may help scientists confirm a much earlier date for the existence of Earth ecosystems with animals, rather than just microbes. For two decades, researchers have debated the findings at the Doushantuo Formation, with no resolution. If confirmed as animals, these microfossils would represent the oldest animals to be preserved in the geological record.

The other authors of the study are Derek Briggs, Yale’s G. Evelyn Hutchinson Professor of Geology and Geophysics and curator at the Yale Peabody Museum of Natural History; Sean McMahon, a postdoctoral fellow in the Briggs lab; Francis Macdonald of Harvard; and David Jones of Amherst College.

The researchers said the Khesen Formation should provide scientists with additional information for years to come.

“This study is only the tip of the iceberg, as most of the fossils derive from only two samples,” Anderson said. Since the original discovery, the Yale team has worked with Harvard and the Mongolian University of Science and Technology to sample several additional sites within the formation.

1 - week CBBs
1-week CBB plays an important role in managing the reserves of banks and is the core monetary policy instrument of the Bank of Mongolia. The interest rate on CBB will be the policy rate of the BOM and will serve as a guide interest rate on the interbank market. It was first introduced in July 2007, with fixed rate and unlimited bidding, and traded on a regular basis every Wednesday at the interbank market. This had attracted the banks’ interests providing the possibility for the banks to place their excess reserve in short term asset. Since the introduction of this instrument, there has been a substantial change in the way banks manage their reserves. For the favorable adjustment of CBB rate and loan principle along with the well balance of togrog and foreign exchange, 1 - week CBB auction has been held in the form of competitive interest rate since May 2010. In doing so, the upper and lower limits of the bank bids are to set +/- 2 per cent of the policy rate.

The agencies reviewed, “Although the budget deficit of Mongolia is stabilizing, the expense ratio remains high. Whilst Mongolia joined the International Monetary Fund’s program, the debt amount is expected to stay high between 2017 and 2020."

On the other hand, mega projects on the mining sector is expected speed up the economy, since the rating is ‘stable’. Additionally, the rating agencies warned, "the fact that Mongolia is dependent on mining sector, has high external risk and limited monetary policy environment, might affect the rating."

The rating agencies stated that if the Oyutolgoi and Tavan Tolgoi projects could support the economic growth, budget and external sector indicators better than the agencies’ expectations, the long-term bond rating of the Government of Mongolia could be increased. In the case of deterioration in the external balance, the rating may be reduced as well.

Ambassador Raul Delgado Concepcion conveyed the greetings of President of the Republic of Cuba Raul Castro and handed over a congratulatory letter to Khaltmaagiin Battulga on winning presidential election.

Beginning the meeting, the Ambassador reported on certain works being carried out in frames of the expanding cooperation in fields of healthcare, agriculture and sports between Mongolia and Cuba. He shared that works on the supply of pharmaceutical products for liver inflammation and diabetes have commenced, and conveyed Cuba’s interest in initiating cooperation in the elimination of field mice and collaboration between sports institutions of the two countries, as well as in athletes’ training for the 2020 Olympic Games.

President Battulga expressed his interest in cooperating with the Republic of Cuba in dental healthcare which has become a pressing issue in Mongolia. The Cuban dental health professionals are some of the best in the world.

Mongolia and the Republic of Cuba established diplomatic ties in 1960. Cuba was the first country to do so at the continent of America. The dignitaries also exchanged views on broadening bilateral ties and promote effective cooperation.

"After we announced our intention to enter the IPO on October 5, we felt a surprisingly high level of interest in investing in the En+ Group, and we are happy to move on to the next stage of our proposal - the announcement of the price range," said Maksim Sokov, CEO.

The En+ IPO will be the first placement of a Russian company on the stock exchange in London since the introduction of sanctions against Russia in 2014.

Citigroup, Credit Suisse, JPMorgan, Merrill Lynch, Sberbank and VTB Capital are co-ordinating the listing.

Revenue of En+ in the first half reached $5.8 billion, up 23 percent compared to the same period last year.

The primary owner of En+ is Deripaska, who owns 95.65 percent of its shares. Forbes estimates his fortune at $5.1 billion. The other 4.35 percent of the holding belongs to VTB Capital.

A part of the funds raised through the IPO will be used to fully repay the company’s debt to VTB, which stood at $942 million at the end of June, according to business media RBC.