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 …
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 …
PRIME MINISTER OF MONGOLIA MAKES HISTORIC VISIT TO MIDDLE EAST
ULAANBAATAR, Mongolia, Dec. 8, 2024 /PRNewswire/ — The Prime Minister of Mongolia, L. Oyun-Erdene, has completed a week-long visit to the Middle East during which he discussed how to increase …
PRIME MINISTER OF MONGOLIA MAKES HISTORIC VISIT TO MIDDLE EAST
ULAANBAATAR, Mongolia, Dec. 8, 2024 /PRNewswire/ — The Prime Minister of Mongolia, L. Oyun-Erdene, has completed a week-long visit to the Middle East during which he discussed how to increase …
Mongolia’s APU Dairy secures financing to expand operations
APU Dairy, a dairy producer in Mongolia, has secured a $40m (Tg136.55bn) loan from two development finance institutions for expansion.
Trafigura hunts missing $500 million in Mongolian fuel fraud, trading sources say
Swiss trading house Trafigura is trying to track down $500 million in Mongolia following a year-long probe of staff and associates over a billion-dollar fraud scheme at its local fuel supply business, …