Mongolia's Biggest Party to Form New Government After PM Ousted
Mongolia's main political party will form a new government after lawmakers rejected a confidence vote, ousting Prime Minster Oyun-Erdene Luvsannamsrai and exacerbating uncertainty for the nation's economy as it struggles with China's weakening demand for raw materials.
Oyun-Erdene lost the vote early Tuesday in the legislature, getting the support of 44 lawmakers in the live-streamed ballot, short of the 64 he needed. He remains as caretaker leader until the Mongolian People's Party he belongs to picks a new prime minister.
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