Mongolia shuts down $10 mln bond auction after no bids received

Mongolia shut down a $10 million government bond auction on Wednesday after receiving no bids, the central bank said, in what analysts said was a fresh sign of the resource-rich country's economic struggles. The 20 billion tugrik ($10.2 million) bond remained unsold due to an "absence of both competitive and non-competitive bids," the Bank of Mongolia said in a statement on its website. The landlocked country, wedged between China and Russia, has sought in recent years to settle o