Global commodity trading house Trafigura saw a sharp drop in its earnings for 2024 and has revised down its equity and profits for previous years after it discovered a billion-dollar oil fraud in …
Trafigura net profit, equity drops after Mongolia fraud
Global commodity trading house Trafigura saw a sharp drop in its earnings for 2024 and has revised down its equity and profits for previous years after it discovered a billion-dollar oil fraud in …
World Bank Reports Outline Strategies for Strengthening Mongolia’s Financial and Private Sectors
The first report, Building the Foundations for Financial Sector Development, identifies key reforms to address vulnerabilities in Mongolia’s banking sector and foster broader market development.
World Bank Reports Outline Strategies for Strengthening Mongolia’s Financial and Private Sectors
The first report, Building the Foundations for Financial Sector Development, identifies key reforms to address vulnerabilities in Mongolia’s banking sector and foster broader market development.
Profits at Commodity Trader Trafigura Tumble Amid Mongolia Fraud
Trafigura saw its net profit for the financial year 2023/2024 ended on September 30 plunge by 62% as the commodity trading giant recorded a loss of $1.1 billion related to serious misconduct by …
Profits at Commodity Trader Trafigura Tumble Amid Mongolia Fraud
Trafigura saw its net profit for the financial year 2023/2024 ended on September 30 plunge by 62% as the commodity trading giant recorded a loss of $1.1 billion related to serious misconduct by …
Mongolia’s central bank keeps benchmark interest rate unchanged at 10 pct
ULAN BATOR, Dec. 13 (Xinhua) — Mongolia’s central bank, the Bank of Mongolia, announced on Friday that it would maintain its benchmark interest rate unchanged at 10 percent. “This decision was made …
Mongolia’s central bank keeps benchmark interest rate unchanged at 10 pct
ULAN BATOR, Dec. 13 (Xinhua) — Mongolia’s central bank, the Bank of Mongolia, announced on Friday that it would maintain its benchmark interest rate unchanged at 10 percent. “This decision was made …
ADB, XacBank sign 50-mln-USD deal to boost climate, MSME financing in Mongolia
ULAN BATOR, Dec. 4 (Xinhua) — The Asian Development Bank (ADB) and Mongolia’s XacBank Joint Stock Company have signed a financing package of 50 million U.S. dollars to enhance financing for climate …
AM Best Affirms Credit Ratings of Mongolian National Reinsurance JSC
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re) (Mongolia). The outlook of …