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Biden to block Nippon Steel’s bid to take over US Steel
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
By David Shepardson, Tim Kelly, Andrea Shalal WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns,
Biden blocks Japan's Nippon Steel from buying US Steel
US President Joe Biden has formally blocked the takeover of US Steel by a bigger Japanese company, saying foreign ownership could pose risks for national security. The controversial decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal, describing it as a lifeline for its smaller Pennsylvania-based rival.
Biden Rejects Nippon Steel's Proposed Deal to Acquire US Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel
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29m
U.S. Approves Massive Foreign Military Sale of 1,200 AIM-120D-3 and AIM-120C-8 AMRAAM Missiles to Japan
The State Department has approved the possible FMS, worth a staggering $3.64 billion, which will provide the Japan Air Self ...
2d
Japan's Plans To Tackle Population Crisis in 2025
Japanese policymakers are increasingly anxious that the country's birth rate is nearing the point of no return.
AFP on MSN
7d
Japan govt approves record budget for ageing population, defence
Japan's government on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare, as the ...
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17h
U.S. approves sale of advanced air-to-air missiles to Japan
The sale is designed to strengthen Japan's deterrence against threats from China and others in the Indo-Pacific region.
9d
Japan's budget to hit record, but with reduced new bond issuance, draft shows
Japan's government is set to compile a record $735 billion budget for the fiscal year from April due to larger social ...
7d
Japan Cabinet OKs record defense budget as it pushes strike-back capability to deter regional threat
The Japanese Cabinet has approved a record 8.7 trillion yen ($55 billion) defense budget plan for 2025 as Japan accelerates ...
7d
Japan’s Cabinet Approves Record Budget in Test for PM Ishiba
Japan’s cabinet approved a record ¥115.5 trillion ($732 billion) budget for the fiscal year starting April 2025, setting up ...
8d
Japan says its economy likely to mark first positive output gap in 7 years
Japan's government said on Thursday it predicts economic output will recover to full capacity in the next fiscal year for the ...
3h
China’s Bond Yields Slip Below Japan’s
Chinese stocks snapped a three-year losing streak in 2024 on hopes of more forceful stimulus from Beijing. The bond market, however, seems to be less sanguine. Yields on Chinese government bonds [plun ...
9d
on MSN
Japan to maximize nuclear power in clean-energy push as electricity demand grows
A Japanese government panel has largely supported a draft energy policy calling for bolstering renewables up to half of ...
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