Mongolia News
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Updated 1 hour, 4 minutes ago
Suntech Power Holdings Co., owner of the Chinese solar manufacturer forced into bankruptcy in March, agreed to sell a project and discounted panels to Shunfeng Photovoltaic International Ltd. for 93 million yuan ($15.2 million).
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Updated 24 minutes ago
Air Incheon Co., South Korea’s first cargo-only airline, plans to start services this year to smaller cities in China, where Samsung Electronics Co. and Apple Inc. assemblers are increasingly locating their factories.
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Updated 33 minutes ago
Linda Poole can’t restrain herself when it comes to the most-polarizing topic in Montana: the reintroduction of purebred bison. As Poole sees it, the bison aren’t a cause. They’re cuddly fundraising mascots helping the American Prairie Reserve to raise money to advance its mission of land accumulation under the auspices of species preservation.
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Danone, owner of Activia yogurt and Evian water, will spend about 325 million euros ($417 million) to form a joint venture and invest in China’s biggest dairy producer to expand its brands in the most populous nation.
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China said it will encourage foreign investment in vehicle manufacturing in its western region, reversing a policy to remove automaking from a list of industries qualifying for government incentives.
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Gold, down 17 percent since January, is poised to lose 20 percent in a year as inflation fails to accelerate and with the worst risks to the global economy waning, Credit Suisse Group AG said.
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Erdenes Tavan Tolgoi LLC will begin this year to mine Mongolia’s West Tsankhi coal area as part of the debt-laden company’s plan to ramp up output and pay off money owed to Aluminum Corp. of China Ltd.
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The Ministry of Finance, Aluminum Corp. of China Ltd. and Agricultural Bank of China Ltd. are among issuers that may sell bonds denominated in yuan.
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Mongolia’s economic growth slowed in the first quarter after coal prices fell and moderating Chinese demand reduced the nation’s exports.
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China Railway Corp., Agricultural Bank of China Ltd., the Ministry of Finance and China Development Bank Corp. are among issuers that may sell bonds denominated in yuan.
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