U.S. Secretary of State Antony Blinken will travel to South Korea, Japan and France from Jan. 4-9, the State Department said ...

In December 2023, Nippon Steel secured a deal to buy US Steel for $14.9 billion. The Committee on Foreign Investment in the ...

Shares of U.S. Steel sank Friday as President Joe Biden blocked the $14.1 billion sale of the iconic American company to ...

By David Shepardson, Tim Kelly, Andrea Shalal WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's ...

The sale is designed to strengthen Japan's deterrence against threats from China and others in the Indo-Pacific region.

A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.

President Biden used his presidential power under the Defense Production Act of 1950 to block the $14.9 billion sale.

Political uncertainty at home and a tumultuous international environment pose real risks for the nation’s economy.

US President Joe Biden has formally blocked the takeover of US Steel by a bigger Japanese company, saying foreign ownership ...

Prime Minister Shigeru Ishiba overcame his first major hurdle in parliament as head of a minority government but his ...

“President Biden claiming Japan’s investment in an American steel company is a threat to national security is a pathetic and craven cave to special interests that will make America less prosperous and ...

U.S. Steel employs thousands of workers on Minnesota's Iron Range at Minntac in Mountain Iron and Keetac in Keewatin.