China’s Favorite Russian Oil Grade Getting Pummeled by Virus
The coronavirus is taking a hefty toll on Russia’s ESPO Blend oil, a favorite among Chinese refiners...
China calls on foreign investment to drain $1.5tn bad debt swamp
Over the past six months, executives at Hong Kong-based investment firm SC Lowy have been inundated with calls...
Gazprom holding remote talks on new gas routes with China due to coronavirus
Gazprom has currently transferred talks with China on new gas supply routes into the remote format...
Mongolia suspends all passenger trains and flights to and from China
The cabinet today summoned an irregular meeting and made a decision to halt all flights and rail passenger...
Oyu Tolgoi announces Q4’19 Performance results
In 2019, Oyu Tolgoi continued to progress and deliver important milestones for the underground mine development...
Central bank to roll out improved banknotes
The Bank of Mongolia today announced the introduction of improved notes of MNT 50 and MNT 20,000...
Russian Energy Exports to U.S. Set 8-Year Record in October
Russia’s energy exports to the United States have reached an eight-year high in October 2019...
Ulaanbaatar Railway JSC introducing paperless technology in freight transport service
Ulaanbaatar Railway Joint Venture resolved to simultaneously use paper and paperless technologies...
Central bank updates financial statistics
At its monthly press briefing, the Bank of Mongolia delivered a presentation of financial statistical overview as of December 2019...
Oil slides as virus outbreak shakes economic growth predictions
Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage...
Economist Who Said SARS Cost $40 Billion Sees Bigger Hit Now
The global cost of the coronavirus could be three or four times that of the 2003 SARS outbreak that sapped the world’s economy...
Fed keeps rates steady, but 'carefully monitoring' coronavirus and global risks
The Federal Reserve on Wednesday held interest rates steady despite renewed pressure from President Donald Trump...
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May 15, 2025