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Search results for "mongolia"



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World Bank: S. Asia needs to fix its cities to get rich

South Asia's failure to plan for mass urbanization is preventing the region from joining the ranks of richer nations, according to a new report.
Source: CNBC.com | By: Saheli Roy Choudhury | Special to CNBC
FACTBOX-Buffett, Cook among CEOs at President Xi's Seattle meet

Sept 22- Chinese President Xi Jinping will meet industry captains this week as he kicks off a U.S. visit that also includes a black-tie state dinner at the White House hosted by President Barack Obama. Apple Inc CEO Tim Cook Amazon.com Inc CEO Jeff Bezos Berkshire Hathaway Inc CEO Warren. General Motors Co CEO Mary Barra Honeywell International Inc CEO David Cote...
Source: Reuters
China has a message markets don't understand

China may be compounding its own problems by the way its leaders talk about them, as analysts say it is difficult to discern what's really going on.
Source: CNBC.com | By: Evelyn Cheng
What happened to markets overnight?

Downward revisions from the Asian Development Bank and ratings cuts for miners dragged stocks lower on Tuesday.
Source: CNBC.com | By: Bob Pisani
ADB sees slower growth for Asia, China in 2015, 2016

MANILA, Sept 22- Growth in developing Asia will likely be slower than previously thought as a slowdown in China's economy hurts demand, the Asian Development Bank said, and urged policymakers in the region to strengthen financial-system buffers against external shocks. The region, which groups 45 countries in Asia-Pacific, grew 6.2 percent in 2014. The Manila-...
Source: Reuters
As rivals blink, Rio Tinto plans to expand Mongolia copper mine

OYU TOLGOI, Mongolia, Sept 17- Rio Tinto said it is committed to expanding its Oyu Tolgoi copper mine in Mongolia based on a positive outlook for the metal and confidence that low production costs can buoy profits even as competitors cut output. The miner wants to lock in up to $4.2 billion in project financing by November to build more than 200 km of tunnels to...
Source: Reuters | By: Terrence Edwards
China state planner says will launch more regional pilot power reforms

BEIJING, Sept 16- China is planning to extend its pilot power price reforms to more regions in the future, the vice-head of the country's state planning agency said on Wednesday, part of its efforts to make its huge electricity sector more responsive to the market. Lian Weiliang, the vice-chairman of the National Development and Reform Commission, also said at a...
Source: Reuters
Russia is building a giant casino in...Siberia!

Russia's latest desperate attempt to develop the country's far east: a casino in Vladivostok, the Financial Times reports.
Source: Financial Times | By: Kathrin Hille
Nikkei soars 7.7%, logs biggest one-day gain since 2008

Asian shares were on a roll Wednesday, with Japan's key stock index up 7.7 percent, as investor confidence got a boost from the strong rally in offshore markets.
Source: CNBC.com | By: See Kit Tang
Hofman: China's stock support will stabilize market  

Bert Hofman, country director for China, Mongolia and Korea at The World Bank, says Beijing's latest salvo of support measures will result in more market stability moving forward.
Source: CNBC.com