Stock Market / Finance in Mongolia
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CHINA, 2016/01/26
Asian stock markets retreated on Tuesday, snapping a two-day winning streak, following the weak cues overnight from Wall Street and the pullback in oil prices. Investors as well treaded cautiously ahead of monetary policy statements by the U.S. Federal Reserve and the Bank of Japan later in the week.
The Japanese market is notably lower, with the negative lead from Wall Street and the fall in oil prices denting risk appetite. Additionally, a stronger yen hurt exporters' stocks.
In late-morning trades, the benchmark Nikkei 225 Index is declining 319.08 points or 1.86 % to 16,791.83, off a low of 16,683.64 in early trades.
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MONGOLIA, 2013/05/13
In 2009-2012 Mongolian economy has been affected by the world financial crisis started in 2008, European sovereign bond crisis, and zud in 2009-2010. We witnessed the biggest economic downturn since 1992.
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MONGOLIA, 2013/01/17
The bid prompted the Mongolian parliament to pass a new foreign investment law distinguishing between bids made by private companies and bids made by national-owned enterprises (SOE) and introducing monetary thresholds for different kinds of reviews. A large bid by a foreign investor or any bid by a SOE presently triggers a review by parliament. In September, Chalco dropped its bid for South Gobi, citing the new law.
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MONGOLIA, 2011/02/04
Mongolia is in the midst of a strong economic improvement and increase this year is expected to top 10 %, fueled by a sustained surge in mineral exports, a good private sector activity, and a highly expansionary fiscal policy. The economy is showing signs of overheating with inflation by presently too high and likely to reach 20 % formerly 2012.
