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As lithium prices drop, private equity investors hunt for deals

Private equity groups and other investors have grown emboldened by the lithium industry's malaise.

Trump says had lawyer Giuliani work on Ukraine because he is a 'great crime fighter'

(Kitco News) - U.S. President Donald Trump on Friday defended his use of private lawyer Rudy Giuliani to work on Ukraine as Giuliani’s role comes under increasing scrutiny in the Democratic-led impeachment inquiry in the House of Representatives.

Trump predicts report on origins of Russia probe will be 'historic'

(Kitco News) - U.S. President Donald Trump predicted on Friday that a government watchdog report on the origins of the probe into Russian interference in the 2016 U.S. presidential election, which engulfed two years of his presidency, will be historic.

South Korea pulls intelligence deal with Japan back from the brink

(Kitco News) - South Korea on Friday made a last-minute decision to stick with its critical intelligence-sharing deal with Japan, a dramatic reversal after months of frigid relations complicated by painful, wartime history.

Wall Street opens higher as trade optimism returns

(Kitco News) - Wall Street opened higher on Friday as President Donald Trump said a trade deal with China was “potentially very close”, adding to optimism triggered by comments from Beijing that it wanted to reach an initial agreement.

Toronto Dominion joins ranks of systemic banks, Deutsche drops a level

(Kitco News) - Canada’s second-biggest lender, Toronto Dominion Bank (TD.TO), has been added to a global list of systemic banks that must hold extra capital, while Deutsche Bank (DBKGn.DE) has dropped a rank within the list, the Financial Stability Board (FSB) said on Friday.

Oil holds near two-month high on OPEC+ extension expectations

(Kitco News) - Oil prices held near two-month highs on Friday, set for a third consecutive week of gains on expectations of an extension to OPEC+ production cuts, though concern over U.S.-China trade talks continue to hang over the market.

EU takes Indonesia to WTO over nickel ore export curbs

(Kitco News) - The European Union launched a complaint at the World Trade Organization (WTO) on Friday against Indonesia’s curbs on exporting nickel and other raw materials, which are designed to benefit its own smelting and stainless steel industries.

U.S. factory and services activity quicken in November: Markit

(Kitco News) - U.S. manufacturing output accelerated in November to its fastest pace in seven months and services activity also picked up more than expected, a survey of purchasing managers showed on Friday in a sign of the continued resilience of the U.S. economy in the face of the U.S.-China trade war and other headwinds.

U.S. Silica cuts 10% of workforce as frac sand demand wanes

U.S. Silica Holdings Inc said on Friday it had cut about 230 jobs, or 10% of its workforce.