1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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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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China's Weibo to help microbloggers build their brands www.chinadaily.com.cn

BEIJING - China's microblogging site Weibo plans to build a one-stop system to help some of its most-followed users turn their online influence into money, the company's CEO said Tuesday.
 
Weibo, the largest domestic microblogging platform, will help users define their brand focus, attract and accumulate followers and cash in on their popularity through advertisements, pay-per-read posts and other marketing tools, Weibo CEO Wang Gaofei told the ongoing 2016 V-Influence Summit on the country's growing new media platforms and fan economy.
 
Microbloggers have raked in 11.7 billion yuan ($1.73 billion) via Weibo's current services. Promotions that link to online shopping generated the highest earnings, 10.8 billion yuan in total, for users, followed by pay-per-read posts and brand promotions at 470 million and 430 million yuan, respectively.
 
Weibo has around 340,000 microbloggers deemed "influential," meaning those whose articles or posts are read by at least 100,000 people each month, up 34 percent year on year, while those with 10 million monthly readers saw a 70 percent increase year on year.
 
The company has earmarked 100 million yuan to support the promotion of influential microbloggers; 500 million yuan in short-length video promotion; and has plans to release a live voice streaming service next year, according to Wang.
 
Weibo has partnered with over 300 multi-channel networks (MCN) to help microbloggers grow their brands with programming, funding, cross-promotion, audience development and other services, Wang added.
 
The NASDAQ-listed company overtook its U.S. counterpart Twitter in market capitalization for the first time during trading earlier this month thanks to its strong revenue and user growth. The company is expected to release its third quarter financial performance in late November.
 
Weibo had 282 million active monthly users by the end of the second quarter of this year and aims to have 500 million within three years, according to Wang.
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Mehmet Erdogan: Mongolia and Turkey should strive for strategic partnership www.en.montsame.mn

Ulaanbaatar /MONTSAME/ T.Ayursaikhan MP, the head of the parliamentary group of Mongolia-Turkey Friendship, received today a Turkish parliamentary delegation led by Mr Mehmet Erdogan, the head of the Turkey-Mongolia Friendship Group in the Grand National Assembly of Turkey. Mr Ayursaikhan underlined an importance of inter-parliamentary interactions between Mongolia and Turkey.
 
“Our countries are both democratic states with parliamentary systems. Turkey is recognized as Mongolia’s “third neighbor”, noted the MP and expressed his satisfaction with the recent achievements made in the bilateral relation in the context of the comprehensive partnership.
 
Mr Erdogan thanked Mr Ayursaikhan for the hospitality and said he is pleased to have his third visit to Mongolia - a brother nation for Turkey. “It is important to consolidate our ties to make up the geographical distance. Therefore, the weekly direct flights contributes greatly to boosting bilateral ties. The latter has been witnessing even more dynamic growth over the last 26 years, when more than a hundred cooperation documents have been signed by the two sides. We should strive to upgrade the relations to the level of strategic partnership”, he said.
 
The dignitaries touched upon issues concerning bilateral trade, economy, agriculture and cooperation in light industry, as well as the student exchange.
 
Present were also, the members of parliamentary friendship group N.Enkhbold, G.Soltan and B.Undarmaa MPs, members of the Turkey-Mongolia Friendship Group in the Grand National Assembly of the Republic of Turkey, and Ambassador of Turkey Murat Karagoz.
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Coca Cola and Kirin consider business tie-up www3.nhk.or.jp

Fierce competition in Japan's soft drink market has made the Coca Cola group and Kirin Holdings consider a business tie-up.
 
The Coca Cola group is the Japanese soft drink leader while Kirin ranks 4th in the market.
 
An industrial source says the 2 firms are considering a joint delivery of products and a joint procurement of ingredients, containers and other materials.
 
It says the operations team-up could develop into a capital alliance in the future.
 
The 2 beverage makers are apparently hoping to cut down costs and improve their earning capacity through the deal.
 
Japan's soft drink market has been shrinking with little growth potential seen in the nation's decreasing population.
 
The planned alliance between the largest and the 4th-ranked firms is likely to affect other makers' business strategy. This could touch off another consolidation in the industry.
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Amazon beefs up Paris express delivery service with partnerships www.reuters.com

Online retailer Amazon said on Wednesday it was partnering with luxury food group Fauchon, organic food chain Bio c'Bon and wine retailer Lavinia to extend the product range of its Prime Now express delivery service in Paris and its suburbs.
 
The deal, which will add 5,000 food products to Amazon Prime Now's range of 18,000 products in Paris, comes as French retailer Carrefour started testing its own express delivery service named Livraison Express this month in several Paris stores as it seeks to counter Amazon Prime Now.
 
Seattle-based Amazon has been stepping up its activity in France in recent years and speed delivery has become a new battleground among retailers seeking to boost sales.
 
Amazon Prime Now was launched in Paris in June 2016. Its members pay a yearly subscription of 49 euros to get products delivered within one-hour for 5.90 euros or for free within two hours if they order a minimum of 20 euros worth of products.
 
The deals with Bio c'Bon and Lavinia are effective immediately, while Fauchon will join Prime Now in November, Amazon said in a statement.
 
Thanks to these partnerships, customers will be able to buy a wider selection of products, including fresh fruits and vegetables, meat, wine, spirits and fresh deli products.
 
Frederic Duval, General Manager of Amazon.fr, told Reuters by phone that the four-month old Amazon Prime Now service had already met "very strong demand" in Paris and was fully on track with the volumes targeted. It was however too early to say if Amazon would replicate the service to other big French cities.
 
On Oct. 19 Carrefour - France's largest retailer - started a trial delivery of groceries and fresh food within one hour for 4.90 euros in half of the Paris arrondissements. The goal is to extend the trial to all of Paris in coming weeks. Orders are prepared in Carrefour Paris stores and delivered by bike.
 
Prime Now was first launched in New York City in December 2014. Since then it has expanded to several other major U.S cities, as well as European cities such as London, Berlin, Milan, and Madrid.
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U.S. judge approves $14.7 billion deal in VW diesel scandal www.reuters.com

A U.S. judge on Tuesday approved one of the biggest corporate settlements on record, Volkswagen AG's (VOWG_p.DE) $14.7 billion deal arising from its diesel emissions cheating scandal, and the German automaker said it would begin buying back polluting cars in mid-November.
 
U.S. District Judge Charles Breyer in San Francisco signed off on VW's settlement with federal and California regulators and the owners of the 475,000 polluting diesel vehicles in a pivotal moment for the world's No. 2 automaker as it tries to move past a scandal that has engulfed it for more than a year.
 
VW admitted in September 2015 to installing secret software in its diesel cars to cheat exhaust emissions tests and make them appear cleaner in testing than they really were. In reality, the vehicles emitted up to 40 times the legally allowable pollution levels.
 
Volkswagen CEO Matthias Mueller told reporters in Berlin that Breyer's approval was "an important milestone for us on the way towards clearing up the problem that we caused some time ago." Hinrich Woebcken, president and CEO of Volkswagen Group of America, pledged to carry out the terms "as seamlessly as possible."
 
Breyer turned away objections from car owners who thought the settlement did not provide enough money, saying it "adequately and fairly compensates" them. Owners will get the pre-scandal "trade in" value of the vehicle and $5,100 to $10,000 in additional compensation.
 
"Given the risks of prolonged litigation, the immediate settlement of this matter is far preferable," Breyer wrote.
 
Volkswagen agreed to spend up to $10.033 billion on the buybacks and owner compensation and $4.7 billion on programs to offset excess emissions and boost clean-vehicle projects.
 
The settlement was reached with the U.S. Justice Department, Federal Trade Commission, the state of California and vehicle owners who had filed a class action lawsuit against VW. Volkswagen has admitted to misleading regulators and still faces an ongoing criminal investigation.
 
It represented the largest civil settlement worldwide ever reached with an automaker accused of misconduct.
 
While huge, the approved deal was still smaller than the $246 billion settlement reached by cigarette makers with 46 U.S. states in 1998 and the $53 billion by BP to address costs and penalties arising from the 2010 Gulf of Mexico oil spill.
 
In total, Volkswagen has agreed to date to spend up to $16.5 billion in connection with the scandal, including payments to dealers, states and attorneys for owners. The scandal rattled VW's global business, harmed its reputation and prompted the ouster of its CEO.
 
The settlement covers 2.0-liter polluting diesel Beetle, Golf, Jetta, Passat and Audi A3 cars from the 2009 through 2015 model years. Up to 490,000 people will take part in the settlement because some vehicles had multiple owners.
 
Volkswagen spokeswoman Jeannine Ginivan said the automaker expects to begin buying back vehicles in mid-November. VW has hired 900 people, including one to be stationed at each dealership, to handle buybacks.
 
MORE COSTS FOR AUTOMAKER
 
VW still faces billions more in costs to address 85,000 polluting 3.0-liter vehicles and Justice Department fines for violating clean air laws. It also faces lawsuits from at least 16 U.S. states for additional claims that could hike the company's overall costs.
 
Last month, a Volkswagen engineer pleaded guilty in Detroit to helping the company evade U.S. emission standards. His lawyer said he would cooperate with federal authorities in their criminal probe.
 
Kathryn Phillips, California director for the Sierra Club environmental group, said Volkswagen broke the law and that "Judge Breyer is making them pay the price. Volkswagen chose to poison our families with dangerous pollution just to pad its pocketbook."
 
"Today is a landmark day, when this innovative settlement can be put into action, investing billions of dollars into public health protections to remedy these serious violations," added Cynthia Giles, U.S. Environmental Protection Agency assistant administrator.
 
VW will provide $2 billion over 10 years to fund programs to promote electric vehicle charging infrastructure, development of zero-emission ride-sharing fleets and other efforts to boost sales of cars that do not burn petroleum.
 
Volkswagen has been in intensive talks over how much compensation it may offer owners of the larger 3.0-liter diesel Porsche, Audi and Volkswagen vehicles that emit up to nine times legally allowable emissions and whether it will offer buybacks for some of the polluting SUVs. No final agreement has been reached. Volkswagen faces a Nov. 3 court hearing to update the court on those vehicles' status.
 
Volkswagen agreed to make up to $1.21 billion in payments to 652 U.S. VW brand dealers and $600 million to 44 U.S. states to address some state claims.
 
Nearly 340,000 owners have registered to take part in the settlement. About 3,500 owners have opted out. Volkswagen must fix or buy back 85 percent of the 475,000 vehicles under the agreement by June 2019 or face additional costs.
 
Owners have until September 2018 to submit paperwork to sell back vehicles. VW will have to destroy repurchased vehicles unless it wins approval for fixes.
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Iron ore price explodes higher www.mining.com

The import price of 62% Fe content ore at the port of Tianjin soared nearly 5% to $61.60 per dry metric tonne on Tuesday according to data supplied by The Steel Index as top producers cut output guidance and demand from top consumer China rebounds.
 
That was the highest level for the Chinese benchmark price in over two months. Futures trading on the Dalian Commodities Exchange indicated further appreciation ahead with the most active contract reaching its daily up limit of 6% for a new 2016 high of 471.50 yuan or $70.10.
 
A note from Freight Investor Service described "massive movement" on the Dalian exchange with the rally starting last night and continuing into Tuesday as the contract broke through previous resistance levels of the highs from April and August this year.
 
Against most predictions, year to date the price of the steelmaking raw material is up 43.6% after surging by two-thirds in value from near-decade lows in December last year.
 
China, which consumes more than 70% of the world's seaborne iron ore trade, imported 93 million tonnes in September, only slightly below the record 96.3 million tonnes hit in December last year. Shipments for the first nine months are up more than 9% from 2015's record setting pace and on track to breach 1 billion tonnes for the first time.
 
Last week top iron ore miner Vale reduced its production outlook for 2017 to 360m–380m tonnes, below its original forecast for 380m–400m tonnes. The Rio de Janeiro-based giant said 2016 production would be at the lower end of a range of 340m–350m tonnes.
 
Number two producer Rio Tinto also cut its outlook for this year's shipment by as much as 5 million tonnes, hampered by logistics bottlenecks at its Pilbara operations in Western Australia. The Melbourne-based company expects to ship around 325m tonnes this year, rising slightly to between 330m – 340m tonnes in 2017.
 
Metallurgical coal's rise this year has been even more dramatic than that of iron ore and trading at $245.50 a tonne on Tuesday, the steelmaking raw material is up 25% so far in October. According to data provided by the Steel Index premium Australia hard coking coal prices are up more than three-fold since hitting multi-year lows around $70 a tonne in November last year.
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Australia's richest woman invests £245m in UK's biggest potash mine www.theguardian.com

Australia’s richest woman, Gina Rinehart, has invested £245m in the UK’s biggest potash mine on the edge of the North York Moors national park.
 
The £1.7bn mine, which was given the go-ahead last year after a protracted planning battle, has promised to restore the region’s proud mining heritage and bring more than 1,000 jobs.
 
The project received a major boost on Tuesday when Sirius Minerals, the company behind the Yorkshire mine, announced a US$300m (£245m) deal with Rinehart’s Australian agricultural firm Hancock Prospecting.
 
The mine, which sits on protected moorland overlooking Whitby and Robin Hood’s Bay, aims to produce up to 20m tonnes a year of a potassium-rich mineral called polyhalite, a type of potash fertiliser described by Sirius as a “fertiliser of the future”.
 
Under the deal Rinehart will purchase $50m of Sirius shares and pay $250m for a 5% royalty stream on the first 13m tonnes of fertiliser produced by the mine annually, and the right to purchase up to 20,000 tonnes of product each year for use on her expanding Australian agricultural holdings.
 
Rinehart said: “This project delivers a new and natural product that is relevant to Hancock’s focus on agriculture, and after years of field tests and across many crop types, demonstrated improved yields.
 
“Sirius has a large, high-quality mineral resource and is located in a stable jurisdiction with a competitive tax rate. The project has the potential to become one of the world’s leading producers of multi-nutrient fertiliser and could have a life of 100 years – this fits with my approach of investing in strategic areas for the long term.”
 
The mile-deep mine shaft was narrowly approved in June 2015, by eight votes to seven, after a protracted four-year planning wrangle that drew opposition from conservationists.
 
The project was supported by 93% of local people who wrote to the council, 81% of whom live in the national park.
 
But it was opposed by groups including the National Trust, Natural England, the Campaign for National Parks, the North Yorkshire Moors Association, the Royal Society for the Protection of Birds, the Campaign to Protect Rural England and the Yorkshire Wildlife Trust.
 
Sirius estimates that the mine will increase North Yorkshire’s economy by 10%, with £48m injected directly into the stagnant local area, which has never fully recovered from the loss of coalmining and fishing industries.
 
All mined polyhalite will be transported underground on a 23-mile conveyor belt running underneath the North York Moors national park to a handling facility in Teesside.
 
Chris Fraser, the managing director and chief executive of Sirius, said: “We are delighted to have signed this agreement with such an experienced party in the mining industry, as well as one that has very successful and strong leadership, and a long-term and growing agricultural interest.”
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Apple iPhone sales fall, but beat estimates www.bbc.com

Apple has reported its third quarter in a row of falling iPhone sales and revenue, but sales beat analyst expectations.
The tech giant sold 45.51 million iPhones in the three months to 24 September, beating an average estimate of 44.8 million.
The company also forecast higher-than-expected holiday season revenue of between $76bn and $78bn.
But revenue in the fourth quarter fell 9% to $46.85bn.
That meant annual revenue fell for the first time since 2001, highlighting a slowdown in the smartphone market as well as intensifying competition, particularly from Chinese rivals.
Apple executives said demand for the new iPhone 7 was strong, despite fiscal fourth-quarter revenue falls in China and the Americas, its two most important markets.
Revenue from Greater China, once seen as Apple's next growth hope, fell 30% in the quarter, after dropping 33% in the previous quarter.
In the same period last year, revenue from Greater China doubled.
Apple's shares were down 3% at about $114.80 in after-hours trading.
"Apple didn't have a great [fourth quarter] as iPhones, Macs, China, the US and what appears to be Watch were down," said Patrick Moorhead, an analyst at Moor Insights & Strategy.
Net income fell to $9.01bn in the fourth quarter, down from $11bn in the same quarter last year.
For the year, net income fell to $45.7bn from $53.4bn.
Chief Financial Officer Luca Maestri said it was "impossible to know" if there was any effect yet from rival Samsung halting production of Galaxy Note 7 phones earlier this month.
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Failure to sign trade deal with Europe may leave Canada stranded www.rt.com

The collapse of a free trade agreement with the European Union could undermine Canada's plans to reduce its economic dependence on the United States. Seventy-five percent of Canadian exports go to the US.
 
The failure of the Comprehensive Economic and Trade Agreement (CETA) could also complicate talks on other trade pacts with India and China.
 
CETA would allow Canada preferential access to the European market of over 500 million people. The deal could also add over $8.9 billion in revenue to the country's economy and increase trade by 20 percent, a joint Canada-EU study estimated.
 
The deal with the EU has potentially wider scope than the North American Free Trade Agreement (NAFTA). Canadian dependence on the US market has put the NAFTA deal under pressure.
 
"We are one of the most dependent countries in the world in regards to trade," said former Quebec Premier Jean Charest, who started negotiations on the EU-Canada trade deal during his tenure.
 
"If this agreement [CETA – Ed.] fails, it will be a disappointment," he told Reuters last week.
 
CETA was expected to eliminate tariffs on 98 percent of goods traded between the EU and Canada. The deal was blocked by Belgium because of the opposition from regional parliaments. Belgium’s French-speaking region of Wallonia has refused to approve the deal, fearing an influx of Canadian pork and beef products would undermine local farmers.
 
EU trade treaties can only enacted with the unanimous agreement of all 28 member states.
 
After a 24-hour ultimatum from the EU to patch up differences over CETA, Belgium’s Prime Minister Charles Michel said on Monday the country was not ready to sign the pact.
 
Despite that Canada’s Prime Minister, Justin Trudeau, did not immediately postpone a trip to Brussels this Thursday for an EU-Canada summit where the treaty was expected to be signed.
 
“We encourage all parties to find a solution. There’s yet time,” the head of the European Council Donald Tusk tweeted after speaking to the Canadian leader.
 
The EU and Canada have spent more than seven years negotiating the pact. The talks have been followed by protests in Europe with the opposition claiming the deal will violate workers' rights and benefit the interests of the wealthy elite and corporations.
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Caterpillar rally hindered by fresh drop in sales www.mining.com

Shares in world’s largest heavy machinery maker Caterpillar (NYSE:CAT), the best-performing industrial stock so far this year, suffered Monday morning after the firm logged a 18% drop in global retail sales of equipment for the three-month period ended in September.
 
While the Peoria, Illinois-based company has had more discussions about potential sales in recent months than in the last two or three years, it looks like those talks have once again failed to materialize. Currently, only the Asia-Pacific region is growing, the company said on Monday.
 
Total retail sales to resource companies dropped 37% in the quarter when compared to the same period last year. Yet the results are slightly better than a 39% decrease registered from April to June.
 
Global sales by CAT’s energy and transportation division fell 25%, the same as in August, including respective declines of 44%, 26% and 15% in transportation, power generation, and oil and gas products. The situation is problematic as energy and transportation is Caterpillar’s largest segment, accounting for 36% of its total revenue.
 
In light of the numbers, the giant construction and mining equipment manufacturer is now is expected to forecast a fifth straight annual sales decline in 2017 Tuesday, when it reports quarterly earnings, according to Bloomberg.
 
Caterpillar’s performance is often seen as a gauge of the health of the global economy, as its machines are huge, expensive, and used in different kinds of projects to which companies and governments are only likely to commit if they're confident in the economic outlook and their financial standing.
 
CAT’s shares were slightly down (-0.45%) at 10:56 am to $85.95. Year to date they’ve gained almost 27%.
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