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...Khovsgol is Mongolia’s largest lake by volume and one of the oldest bodies of fresh water on earth, created by tectonic activity more than 2mn years ago....
...Baatar, who helped the mining group turn around the expansion of the vast Oyu Tolgoi copper mine in Mongolia, will take over from Alf Barrios in heading its commercial and business activities....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
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...Ben Bernanke was brutally honest about the failings of the Bank of England’s economic modelling when he published a long-awaited review of its forecasting processes on Friday....
...The World Bank has warned Mongolia that fiscal discipline remains essential in the short term....
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...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
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...Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European and UK artificial intelligence start-ups have been lobbied...
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...Chinese dairy giant Yili Group, a private company, established a PAFD late last year, making it the first such unit at a non-SOE in Inner Mongolia, where the company has its headquarters....
...The Bank of England is widely expected to keep interest rates on hold....
...The Bank of Japan has ended an era of negative interest rates, raising borrowing costs for the first time since 2007 in a historic shift as the country puts decades of deflation behind it....
...But the bank warned that inflation remains “elevated” for service prices, which rose at an annual rate of 6.1 per cent last month....
...This is an audio transcript of the FT News Briefing podcast episode: ‘Bank of Japan ditches negative rates’Sonja HutsonGood morning from the Financial Times....
...Bank of England’s forecasting methods, which will land soon....
...Shohei Ohtani’s former interpreter was charged with fraud by the US justice department and accused of wiring more than $16mn from the Los Angeles Dodgers baseball star’s bank account to pay off gambling...
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch sourced in market-based finance”....
...The Bank of England needs to urgently overhaul its outdated IT systems, revamp its main economic model and transform the way it communicates policy decisions to avoid a repeat of its recent failure to forecast...
...Few central banks have emerged from the past three years of inflation fighting with the same credibility they had before. The Bank of England has had a particularly hard time....
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