United States

Terrence Edwards

Feb 19 2017

Mongolia agrees $5.5 billion economic bailout plan with IMF, others

ULAANBAATAR Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion (£4.4 billion) economic stabilization package, according to a statement from the IMF on Sunday.

Feb 07 2017

Toxic smog in Mongolia's capital worsens amid harsh winter

ULAANBAATAR On most winter mornings, Setevdorj Myagmartsogt wakes up to a cloud of toxic smog blanketing his neighborhood in the Mongolian capital Ulaanbaatar, where the air quality is among the worst in the world.

Dec 27 2016

Closed Mongolian court jails three for 1998 murder of democracy hero

ULAANBAATAR A closed court in Mongolia has convicted three men of the 1998 murder of Sanjaasuren Zorig, a politician remembered for leading the East Asian country's peaceful transition to democracy.

Oct 06 2016

Rio Tinto awaits word on Mongolia's railway, power project investment

ULAANBAATAR, Oct 7 Rio Tinto is waiting for word on the Mongolian government's efforts to attract investment for railway and power infrastructure projects that will boost the global miner's Oyu Tolgoi copper-gold mine, Chief Executive Jean-Sebastien Jacques said.

Sep 20 2016

Mongolia to pitch railway projects to China-backed AIIB - govt adviser

ULAANBAATAR, Sept 20 Mongolia will pitch a number of railway projects to the China-initiated Asian Infrastructure Investment Bank (AIIB), an adviser to the government told Reuters, as the crisis-hit nation tries to attract investment and boost trade.

Aug 30 2016

Mongolia asks Rio Tinto to speed up work on giant copper mine

ULAANBAATAR Mongolia's prime minister has asked Anglo-Australian miner Rio Tinto to step up the pace of construction at the giant Oyu Tolgoi copper-gold mine, part of efforts to revive the country's debt-ridden economy.

Aug 24 2016

Mongolia budget deficit much bigger than thought, new finance minister says

ULAANBAATAR, Aug 24 Mongolia's budget deficit stands at 20.6 percent of gross domestic product, far higher than previously estimated despite a series of austerity measures designed to plug the country's finances, the finance minister said.

Aug 23 2016

Mongolians scrabble for dollars after local currency's plunge

ULAANBAATAR Making money amid Mongolia's deepening economic crisis, currency dealers thronging the black markets of Ulaanbaatar wave wads of American dollars and Chinese yuan, warning desperate customers that foreign banknotes are becoming scarcer by the day.

Jul 16 2016

Discord over South China Sea clouds Asia-Europe summit

ULAANBAATAR A key summit between Asian and European leaders in Mongolia ended on Saturday without direct mention of the South China Sea dispute in its closing statement, with diplomats describing intense discord over the issue between Europe and Asia.

Jul 15 2016

China tells Japan to stop interfering in South China Sea

ULAANBAATAR Chinese Premier Li Keqiang told Japanese Prime Minister Shinzo Abe on Friday that his country should stop interfering and hyping up the South China Sea issue, as the dispute took center stage at a key regional summit in Mongolia.

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