Market News

UPDATE 2-Trump declines to set U.S. uranium production quotas

President Donald Trump declined to issue quotas for domestic uranium production late on Friday and instead ordered a 90-day governmental review, a decision praised by U.S. nuclear power generators who fear curbs on fuel imports would boost costs.

Molymet drops plans for battery parts factory in Chile

Chile´s Molymet has dropped a project to build battery parts in Chile, the second of three companies to pass on the deal little more than a year after winning guaranteed access to cheap Chilean lithium from top producer Albemarle.

Trump administration freezing fuel efficiency penalties

The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements.

BNP Paribas backs away from U.S. private prison industry

France's BNP Paribas SA on Friday said it will no longer finance U.S. private prison operators, the first foreign bank to distance itself from a sector shunned by domestic peers amid controversy over Trump administration detention policies.

Japan sets up working group on impact of Facebook's Libra ahead of G7

Japanese authorities have set up a working group to discuss the impact Facebook's proposed Libra digital coin could have on monetary policy and financial regulation, government sources said, ahead of a G7 finance leaders' gathering where the topic will be high on the agenda.

Money

Synthomer to buy Omnova in $824 million deal

Polymer maker Synthomer Plc said on Wednesday it has agreed to buy Omnova Solutions Inc for an enterprise value of $824 million in a bid to strengthen its global position.