1 MNCCI AWARDED ISO 9001:2015 CERTIFICATION WWW.MONTSAME.MN PUBLISHED:2018/12/10      2 CARLOS GHOSN: FORMER NISSAN CHAIR CHARGED WITH FINANCIAL MISCONDUCT WWW.BBC.COM PUBLISHED:2018/12/10      3 CONSULTATIVE MEETING OF FOREIGN MINISTRIES OF MONGOLIA AND RUSSIA HELD WWW.MONTSAME.MN PUBLISHED:2018/12/10      4 PRIME MINISTER TO VISIT JAPAN ON DECEMBER 12-16 WWW.MONTSAME.MN PUBLISHED:2018/12/10      5 CHINA SUMMONS US, CANADIAN AMBASSADORS IN 'STRONG PROTEST ' OVER HUAWEI CFO'S ARREST WWW.CNN.COM PUBLISHED:2018/12/10      6 GAZPROM KICKS MAJOR ARCTIC GAS FIELD INTO MAXIMUM OVERDRIVE WWW.RT.COM PUBLISHED:2018/12/10      7 FUEL PRICES REDUCED IN MONGOLIA WWW.NEWS.MN PUBLISHED:2018/12/10      8 AIR CHINA CONTRIBUTES TO DEVELOPMENT OF CHINA-MONGOLIA TIES WWW.URDUPOINT.COM PUBLISHED:2018/12/09      9 MONGOLIA, DPRK AGREE TO FURTHER EXPAND TIES WWW.XINHUANET.COM PUBLISHED:2018/12/09      10 TRADE AND INVESTMENT OPPORTUNITIES IN INDIA WWW.MONGOLIANBUSINESSDATABASE.MN PUBLISHED:2018/12/07      2017 ОНЫ НӨАТ-ЫН УРАМШУУЛЛАА АВААГҮЙ ИРГЭД МЭДЭЭЛЛЭЭ БАТАЛГААЖУУЛАХ ШААРДЛАГАТАЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/12/10     АЗИ, НОМХОН ДАЛАЙН ЕС ДЭХ УДААГИЙН ТРИЕННАЛЬД УРАН БҮТЭЭЛЧ Т.ЭНХБОЛД ОРОЛЦОЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/12/10     ЭХНИЙ ЭЭЛЖИД 340 МЯНГА ОРЧИМ ГАДААД АЖИЛЧИНД ТАВ ХҮРТЭЛХ ЖИЛИЙН ВИЗ ОЛГОНО WWW.IKON.MN НИЙТЭЛСЭН:2018/12/10     БНХАУ-ЫН ҮЙЛДВЭРЛЭЛИЙН ҮНИЙН ӨСӨЛТ 2 ЖИЛИЙН ДООД ТҮВШИНД ХҮРЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/10     X САРЫН БАЙДЛААР БАЙГУУЛЛАГЫН ЗЭЭЛИЙН 37.2 ХУВИЙГ ГАДААД ВАЛЮТЫН ЗЭЭЛ БҮРДҮҮЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/10     "МОНГОЛЫН НОГООН САНХҮҮГИЙН КОРПОРАЦИ" БАЙГУУЛАХ БЭЛТГЭЛ АЖИЛЛАГААГ ХАНГАН АЖИЛЛАЖ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2018/12/10     МОНГОЛБАНКНЫ ЕРӨНХИЙЛӨГЧ МЭДЭГДЭЛ ГАРГАЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/12/10     БНАСАУ-ЫН ГАДААД ХЭРГИЙН САЙД РИ ЁН ХО МОНГОЛ УЛСАД АЙЛЧИЛЛАА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/12/10     ЭНЭТХЭГ УЛСТАЙ ХАМТРАН АЖИЛЛАХ БИЗНЕСИЙН БОЛОМЖ WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/12/07     JULIUS BAER: АЗИЙН ХОТУУДААС ШАНХАЙД ТАНСАГ БАРАА, БҮТЭЭГДЭХҮҮНИЙ ҮНЭ ХАМГИЙН ӨНДӨР WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/12/07    

IMF's Lagarde warns trade, currency wars could be detrimental for growth www.reuters.com

NUSA DUA, Indonesia (Reuters) - International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries of the perils of a trade or a currency war, saying they could be detrimental to global growth and hurt “innocent bystanders.”

Lagarde urged countries to “de-escalate” trade frictions and fix global trading rules, rather than abandon them.

“We certainly hope we don’t move in either direction of a trade war or a currency war. It will be detrimental on both accounts for all participants, Lagarde told a news conference during the annual meetings of the IMF and World Bank in Indonesian resort island of Bali.

“And there would also be lots of innocent bystanders.”

China and the United States have slapped tit-for-tat tariffs over the past few months, rattling financial markets as investors worried the escalating trade war could knock global trade and investment.

On recent yuan declines, Lagarde said they were mainly driven by the strength of the dollar, noting that it has not depreciated as much against a basket of currencies.

“We’re seeing more and more countries, China included, let their currencies fluctuate,” Lagarde said.

The yuan currency CNY=CFXS has faced strong selling pressure this year, losing over 8 percent between March and August at the height of market worries, though it has since pared losses as authorities stepped up support.

A U.S. Treasury official on Monday repeated that the Trump administration was concerned about the yuan’s recent weakening as the department prepares a semi-annual report on currency manipulation due out next week.

US President Donald Trump has accused China of deliberately manipulating its currency to gain a trade advantage, claims Beijing consistently rejected.

“We have supported the move of China toward (currency) flexibility,” she said, adding that the IMF has encouraged Chinese authorities to “go down that path.”

Lagarde urged China to follow through on the IMF’s recommendation to continue moving toward a system that allows the yuan to move flexibly.

She declined to comment on the recent market rout, but said U.S. equities and overall stock prices “in general have been extremely high.”

Additional reporting by Yawen Chen; Editing by Shri Navaratnam



Published Date:2018-10-11