1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

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Rio 2016: Wada publishes report highlighting 'serious failings' at Olympic Games www.bbc.com

A Wada report on the anti-doping methods employed at Rio 2016 has highlighted "serious failings".

The World Anti-Doping Agency said many athletes who had been targeted for testing "simply could not be found".

It added that, on some days, "up to 50% of tests were aborted".

Its 55-page Independent Observers report found that, of the 11,470 athletes, 4,125 had no record of any testing in 2016, of whom 1,913 were competing in 10 "higher-risk sports".

It also said:

nearly 100 samples were not matched to an athlete because of data entry errors
one missing sample was not located until two weeks after the Games
there was little or no in-competition blood testing in many high-risk sports and disciplines, including weightlifting
there was no out-of-competition testing conducted in football, which Wada found "surprising"
without the dedication of doping-control staff, "the anti-doping program would have almost certainly collapsed"
as of 8 August, only 4,795 athletes were providing whereabouts information in the anti-doping system
Wada mentioned several "failings" surrounding inadequate support for the chaperones employed to notify athletes of testing.

It said that on several occasions more than half of these failed to turn up, or turned up very late. It said they were "disincentivised" because of a lack of training, poor travel arrangements, and the fact many could not speak English.

It said that, for "the majority of times" the 'no-notice' nature of testing was "obviously compromised" because chaperones did not know where athletes were and had to ask their team-mates where they were.

In one of its recommendations, it said: "Untrained and inexperienced chaperones should not be working at the Games.

"It undermines respect and trust among athletes in the anti-doping program, and provides opportunities for experienced and unscrupulous athletes who would want to abuse the system to manipulate the doping control process."

Wada did praise improvements made to Rio's anti-doping laboratory, however.

The organisation had suspended the lab just six weeks before the Games opened, because it failed to comply with international standards.

But Wada said it had been "superbly equipped", and was "operated very securely and generally very efficiently".

It said it now represents an "outstanding legacy from the Games for the anti-doping movement in South America".

Analysis

BBC sports editor Dan Roan

In the midst of the Russian doping scandal, and the revelation that both London 2012 and Sochi 2014 were sabotaged by state-sponsored cheating, it was crucial that the authorities did as much as possible to show they were keeping Rio 2016 clean.

Instead, this damning report is another shattering blow to the credibility of anti-doping and the Olympic movement's integrity, showing how organisational chaos blighted the Games' drugs-testing programme.

After it refused demands to ban Russia's entire team from the Olympics, do not be surprised if there are now calls for the IOC itself to be declared Wada non-compliant.

And there could also be tough questions for the UK Anti-Doping agency, which acted as the secretariat for a pre-Rio anti-doping taskforce.

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Qualcomm to buy NXP for $38 billion in biggest chip deal www.reuters.com

Smartphone chipmaker Qualcomm Inc (QCOM.O) agreed to buy NXP Semiconductors NV (NXPI.O) for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market.
 
The acquisition will also help Qualcomm, which provides chips to Android smartphone makers and Apple Inc (AAPL.O), reduce its dependence on a cooling smartphone market.
 
With the deal, Qualcomm is taking a big bet on the so-called Internet of Things (IoT), which enables everyday objects such as fridges and cars to communicate with each other.
 
"The pace of innovation in automobile and IoT will increase dramatically and I think we look at it as a tremendous opportunity," Qualcomm Chief Executive Steven Mollenkopf said on a conference call.
 
By 2020, some 21 billion IoT devices will be in use worldwide, up from fewer than 5 billion last year, research firm Gartner has estimated.
 
Qualcomm sat out the transformative consolidation that has swept the chip industry recently.
 
The deal announced on Thursday tops Avago's $37 billion acquisition of Broadcom (AVGO.O) last year.
 
The equity value of Qualcomm's offer is $37.88 billion, according to Reuters calculations based on the company's fully diluted shares as of Oct. 2. Including debt, the deal is worth roughly $47 billion.
 
SMOOTH SAILING?
 
Qualcomm said it expected the deal to clear regulatory scrutiny, given the complimentary nature of the two businesses.
 
Needham & Co analyst Rajvindra Gill said there was not much overlap in products or end-markets between the two companies.
 
"There's been a lot of semiconductor M&A activity in the last two years and I haven't seen one deal that has been delayed because of regulatory hurdles at this point," Gill added.
 
The combined entity would have annual revenue of more than $30 billion.
 
NXP, based in the Netherlands, became the world's biggest maker of automotive electronics after it bought U.S.-based Freescale Semiconductor for about $12 billion last December.
 
Goldman Sachs and JPMorgan have committed financing for the deal, which is expected to close by the end of 2017.
 
The deal is structured to use offshore cash flow in a tax-efficient manner to rapidly reduce leverage, Qualcomm said.
 
The company said it expected the deal to generate $500 million in cost savings annually within two years of closing.
 
Goldman Sachs and Evercore were financial advisers to Qualcomm, while Centerview Partners LLC advised its board. Paul, Weiss, Rifkind, Wharton & Garrison LLP; Cravath, Swaine & Moore LLP and Allen & Overy LLP were legal counsel to Qualcomm.
 
Qatalyst Partners, Barclays and Credit Suisse were financial advisers to NXP and Skadden, Arps, Slate, Meagher & Flom LLP and De Brauw Blackstone Westbroek provided legal advice.
 
 
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Mobile and Youtube boost Google parent Alphabet profits www.bbc.com

Google parent Alphabet has reported a 20.2 % rise in quarterly revenue, helped by sales of advertising on mobile devices and YouTube.
Revenue in the third quarter rose 20% to $22.5bn (£18.5bn), from $18.7bn a year earlier.
Net income for the quarter was $5bn, up from $4bn a year ago. Alphabet's share price rose 1.3% in after-hours trading.
Alphabet, along with Facebook, dominates the fast-growing mobile advertising market.
Google's total ad revenue rose 18.1% to $19.82bn in the third quarter, accounting for more of its revenues.
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Fujitsu, Lenovo finalizing integration deal www3.nhk.or.jp

Japan's Fujitsu says it's in final negotiations to merge its PC business with China's Lenovo Group.

Fujitsu officials say the two firms aim to cooperate on research, development, design and manufacturing.

Fujitsu also hopes to obtain financial support from the Development Bank of Japan to carry out the deal.

Sources say the Japanese firm wants to complete the integration by March. They say Lenovo is likely to buy a majority stake in Fujitsu's PC business at the end of that month.

Fujitsu President Tatsuya Tanaka told reporters he wants to strengthen the competitiveness of Fujitsu's PC division, and will put top priority on working with Lenovo.

 
 
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Samsung Electronics to buy $159 million of shares in Samsung Heavy rights issue www.reuters.com

Samsung Electronics Co Ltd said on Thursday it will buy 181 billion won ($158.71 million) worth of Samsung Heavy Industries Co Ltd shares as part of the shipbuilder's 1.14 trillion won ($999.59 million) rights issue.
 
Samsung Electronics said in a filing it will acquire about 25.3 million new Samsung Heavy shares, fully subscribing to its entitled portion as an existing shareholder through the rights issue. The price was set at 7,170 won per share under the issuance.
 
The world's top smartphone maker held a 17.6 percent stake in Samsung Heavy as of Aug. 23.
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Deutsche Bank reports profit despite 'tough' environment www.bbc.com

Deutsche Bank has reported a small third-quarter profit, beating very low expectations.
The bank reported a profit of €278m (£248m), a big turnaround from a €6bn loss in the same period last year.
Deutsche Bank said the "tough interest rate environment" and "unsettling effect" of negotiations with US authorities had been felt.
Concerns persist over the position of the bank as the size of a fine in the US remains undetermined.
Deutsche has been threatened with a $14bn (£11.5bn) fine from the US Department of Justice over the mis-selling of mortgage-backed securities in the run-up to the financial crisis.
And earlier this year, the International Monetary Fund described it as the biggest risk to the global banking system.
'Overshadowed'
The bank has been cutting costs and selling businesses in attempt to reassure investors.
Chief executive John Cryan said that the bank's restructuring work had been "overshadowed" by the attention being paid to the bank's talks concerning the "matter" in the US.
"The bank is working hard on achieving a resolution of this issue as soon as possible," he said.
But in a letter to staff he added that "unfortunately, we have to assume that the situation will stay difficult for a while".
Mr Cryan said the bank's latest results demonstrated the strength of its operating business.
Deutsche Bank reported a 2% rise in sales in its third quarter to €7.5bn, which was better than analysts had been expecting.
"Deutsche has done better than anticipated, but that was against very low expectations, which has really been the banking story so far this quarter," said Peter Hahn, a professor at the London Institute of Banking and Finance.
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Samsung earnings plummet amid smartphone recall www3.nhk.or.jp

Samsung Electronics has reported a 96-percent drop in earnings from smartphones from July to September.
 
The South Korean mobile giant was forced to stop production and sales of its Galaxy Note 7 smartphones this month after reports that some were catching fire.
 
The phone was released in August.
 
Samsung's earnings report for the 3 months through September shows operating profit in the smartphone sector fell 96 percent to about 88 million dollars.
The firm's overall profit was down 30 percent.
 
At shareholders' meeting on Thursday, President Shin Jong-Kyun said the firm has received more than 200 reports on the smartphone defects.
 
Shin apologized to customers from around the world and said his firm will fully review its quality control procedures.
 
On Wednesday, South Korea's central bank said Samsung's problems are likely behind the country's slow GDP growth in the July - September quarter.
 
Analysts warn that the country's economy may continue to suffer from the Samsung fallout.
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Mongolia is a destination you cannot afford to miss www.mongolia.gogo.mn

Lonelyplanet.com introduced the ten top countries for best in 2017 while Mongolia ranked 7th in the list.
They highlighted: "In 2017 Mongolia will raise the curtain on a brand-new capital-city airport, a state-of- the-art facility that symbolises the country’s rapid modernisation. Ulaanbaatar has been the biggest beneficiary of the economic boom, its transformed skyline bristling with glass and steel towers. At the centre of this development is a US$500-million Shangri-La complex, which will be completed by 2017, featuring a 290-room hotel, an IMAX cinema and a Hard Rock Café. Beyond the capital lies Mongolia’s stunning countryside, highlighted by Lake Khövsgöl, the Blue Pearl of Asia. In 2015 the lake was connected to Ulaanbaatar by paved road, cutting driving time by 10 hours".
The ten destinations you cannot afford to miss are:
Canada
Colombia
Finland
Dominica
Nepal
Bermuda
Mongolia
Oman
Myanmar
Ethiopia
 
 
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Nokia beats profit expectations in third quarter www.reuters.com

Finnish telecom network equipment maker Nokia (NOKIA.HE) said on Thursday its quarterly profit fell less than expected as it was boosted by a non-recurring licensing payment from Samsung [005930.KS].
 
Third-quarter earnings before interest and taxes (EBIT) decreased 18 percent from a year ago to 556 million euros ($606 million), clearly surpassing the average analyst forecast of 430 million given in a Reuters poll of analysts.
 
Group sales dropped 7 percent from a year ago to 5.95 billion euros, including network equipment sales falling to 5.32 billion, which compared with a market consensus of 5.39 billion.
 
Nokia also said its chief financial officer Timo Ihamuotila, who had helped the company to restructure from a troubled phone maker into a network equipment company, would resign to join Switzerland's ABB.
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China courier ZTO delivers year's biggest U.S. IPO www.reuters.com

Chinese package delivery company ZTO Express said it raised $1.4 billion in the biggest U.S. initial public offering of the year on Wednesday as its backers cashed in on China's booming online-shopping industry.
 
The stock market debut, the biggest by a Chinese company since the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd (BABA.N) in 2014, gave the Shanghai-based company a market value of more than $12 billion.
 
ZTO's U.S. listing is a head start over rivals in the world's largest express delivery market because it gives the company faster access to cash to expand.
 
The company wants to use $720 million of its IPO proceeds to buy more trucks, land, facilities and equipment.
 
Its Chinese competitors SF Express, YTO Express, STO Express and Yunda Express have all unveiled plans for listings in Shenzhen and Shanghai but with a backlog of about 800 companies waiting for approval to go public in China and frequent changes to the rules, a New York listing is regarded as a quicker and more reliable way of raising funds and tapping a broader mix of investors.
 
ZTO's existing shareholders, including private equity firms Warburg Pincus, Hillhouse Capital and venture capital firm Sequoia Capital will also get much more leeway and flexibility to exit their investment under U.S. market rules. In China, they would be locked in for one to three years after the IPO.
 
ZTO priced 72.1 million shares at $19.50 a share, above its previously indicated range of $16.50 to $18.50 a share.
 
That price is about 27 times its expected 2017 earnings per share, according to people familiar with the company's financials.
 
By comparison, rivals SF Express, YTO Express, STO Express and Yunda shares trade between 43 and 106 times earnings, according to Haitong Securities estimates.
 
U.S. rivals, United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N), which are growing at a much slower pace, are trading at multiples of 17.8 and 13.4 times expected 2017 earnings.
 
INTERNATIONAL ACQUISITIONS
 
As concerns grow about a weakening Chinese currency, the New York IPO also gives the company more stable dollar-denominated shares it can use for international acquisitions, according to people close to the company.
 
ZTO will have a dual-class share structure that will give its founder Lai Meisong 80 percent voting power in the company, even though he will only hold 28 percent of the stock after the IPO.
 
Most of Lai's shares are Class B ordinary shares carrying 10 votes, while Class A shares, including the new U.S. shares, have one vote. China's markets do not allow shares with different voting power.
 
China's express delivery firms handled 20.7 billion parcels in 2015, shifting 1.5 times the volume moved in the United States, according to consulting firm iResearch data cited in the ZTO prospectus.
 
The market will grow an average 23.7 percent a year through 2020 and reach 60 billion parcels, iResearch forecasts.
 
Domestic rivals STO Express and YTO Express have unveiled plans to go public with reverse takeovers worth $2.5 billion and $2.6 billion. The country's biggest player, SF Express, and rival Yunda Express, are working on similar deals worth $6.4 billion and $2.7 billion respectively.
 
ZTO said the American depositary shares will begin trading on the New York Stock Exchange on Thursday under the ticker symbol ZTO.
 
Morgan Stanley (MS.N) and Goldman Sachs Group Inc (GS.N) are the lead IPO underwriters.
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