Terrence Edwards (@TerryReports) header
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Mongolia correspondent @business @Bloomberg. All opinions are my own; RT not endorsements. Энэ нь бүхэлдээ миний хувийн үзэл бодол юм.

Ulaanbaatar, Mongolia
Joined December 2010
Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)Photo by Terrence Edwards (@TerryReports)
Terrence Edwards retweeted
“Thanks everyone for comments on the draft, here it is revised with all your edits.”
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Пап Францисын Монгол Улс дахь Апостолик албан ёсоор эхлэлээ. Айлчлал 9 дүгээр сарын 4 хүртэл үргэлжлэнэ. #PopeInMongolia #HopingTogether
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Terrence Edwards retweeted
Гэгээн Ширээт Улсын төрийн тэргүүн Пап Францис Монгол Улсын Ерөнхийлөгч Ухнаагийн Хүрэлсүхийн урилгаар төрийн айлчлал хийхээр Монгол Улсад хүрэлцэн ирлээ. 📎 mfa.gov.mn/75208
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Plenty of strange things happen in Tokyo — just as they do elsewhere. But next time you read a story that sounds too odd to be true, it probably is. A reduction in the demand for “weird Japan” content would truly be something to smile about. -@GearoidReidy washingtonpost.com/business/…
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WATCH: China’s Premier Li Qiang warns against global fragmentation in his opening address to the World Economic Forum in Tianjin. Li blasted western efforts to remove China from supply chains: trib.al/S1OFo1A
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#HongKong govt just held a closing ceremony for the covid isolation facility in Penny Bay. The banner says "mission accomplished" and there's also a giant paper lock... #HelloHongKong
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Terrence Edwards retweeted
In his speech, Putin threatens a backlash if US & allies supply Ukraine with long-range missiles: “One thing should be clear to everyone— the more long-range Western systems arrive in Ukraine, the further we will be forced to move the threat away from our borders. It’s obvious.”
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"We are going to do as we please" President Vladimir Putin says Russia will suspend its observation of the New START nuclear weapons treaty trib.al/LtsnTML
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China needs to boost its daily vaccination rate 30x from November levels to meet targets by end January. We’re talking 93M shots. For size/scope, US topped 4.5M/day at the peak so it's achievable. H/T to the fantastic Sam Fazeli of Bloomberg Intelligence for this
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Terrence Edwards retweeted
a friend in the knitwear industry tells me that cashmere prices have plummeted due to China's COVID restrictions, which have brought down demand. some yarn suppliers have apparently slashed prices by 50%
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BETTER WAYS TO DO BUSINESS CASUAL 🧵 A recent NYT article about how men are dressing when returning to offices showed that, despite predictions about sweatpants, most ppl are still in business casual (BC). Unfortunately, BC can be pretty dispiriting. Ideas on how to do it better
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Terrence Edwards retweeted
Xi today called for policies to address the collapse in births. The Communist Party may control many aspects of domestic life, but getting people to have more babies is one area it has failed.
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Chaos in large markets is getting lots of attention, but small countries are also getting hit by the war and rate hikes. Mongolia’s facing a hard currency crunch, and banks will only let you convert $300 worth of tugrik a day, writes @TerryReports. bloomberg.com/news/articles/…
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Terrence Edwards retweeted
The problems from Mongolia stem mostly from 2 things – import prices spiked after Russia invaded Ukraine, & earlier in the year China blocked exports due to the Covid. The war caused CPI to jump to as high as 16.1% in June, and caused FX outflows as people paid for fuel imports.
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JUST IN: China locks down Chengdu to contain virus. Mass testing from today to September 4. Residents ordered to stay at home from 6pm.
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🇭🇰 "This is the right time to go." China has radically reshaped the once free-spirited city of Hong Kong, @opinion's @mbrookerhk says as he bids farewell to his home of 3 decades. trib.al/oNP4bIR
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Terrence Edwards retweeted
Turns out avocados were the real inflation hedge all along.
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Terrence Edwards retweeted
This is possibly your next big market story. With the yen collapsing against the dollar and others, don't be surprised if those "others" re-adjust sharply lower in the coming days.
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