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Articles for Nippon

US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia
3 days, 22 hours ago

US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia

Associated Press  

BANGKOK — U.S. President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel on national security grounds isn’t the first time friction over trade and investment has irked Washington’s closest ally in Asia. Here are some key issues at stake: Making nice While in Tokyo in a farewell tour before Biden leaves office, Blinken told …

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Nippon Steel stands firm on a U.S. Steel takeover and denies risks cited by Biden
4 days ago

Nippon Steel stands firm on a U.S. Steel takeover and denies risks cited by Biden

The Hindu  

Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. Nippon Steel Corp. and U.S. Steel filed federal lawsuits Monday challenging the Biden administration’s decision as ignoring “the rule of law.” In separate lawsuits in the U.S. Court of Appeals …

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China exports push Nippon Steel to seek growth in US, India after blocked deal
4 days ago

China exports push Nippon Steel to seek growth in US, India after blocked deal

The Hindu  

Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White House, analysts say. China, by far the world's largest steel producer, has flooded the market with near-decade high export volumes as its struggling property sector …

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Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
4 days, 8 hours ago

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nippon Steel was standing firm …

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Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Top News
4 days, 8 hours ago

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden

Associated Press  

TOKYO — Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. Nippon Steel Corp. and U.S. Steel filed federal lawsuits Monday challenging the Biden administration’s decision as ignoring “the rule of law.” In separate lawsuits in the U.S. Court …

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U.S. Steel sues to salvage its sale to Japan's Nippon Steel
Top News
5 days, 9 hours ago

U.S. Steel sues to salvage its sale to Japan's Nippon Steel

NPR  

U.S. Steel sues to salvage its sale to Japan's Nippon Steel toggle caption Rebecca Droke/AFP U.S. Steel and its would-be Japanese suitor Nippon Steel have gone to court to defend their $15 billion merger, after President Biden on Friday moved to block the deal, citing national security concerns. In prohibiting the sale last week, Biden said foreign ownership of U.S. …

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Nippon Steel and U.S. Steel file suit after Biden administration blocks $15-billion deal
5 days, 9 hours ago

Nippon Steel and U.S. Steel file suit after Biden administration blocks $15-billion deal

LA Times  

Nippon Steel and U.S. Steel filed a federal lawsuit challenging a Biden administration decision to block Nippon’s proposed $15-billion acquisition of the Pittsburgh company and said that the head of the steelworkers union and a rival steelmaker worked together to scuttle the buyout. Biden said Friday that U.S. companies producing a large amount of steel need to “keep leading the …

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Biden killed US Steel deal even though some US officials rejected national security concerns
5 days, 9 hours ago

Biden killed US Steel deal even though some US officials rejected national security concerns

CNN  

New York CNN — President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security grounds to kill the deal, a US official told CNN. “This acquisition would place one of America’s largest steel producers under foreign control and create …

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US Steel sues Biden administration for blocking its sale to Nippon
Top News
5 days, 9 hours ago

US Steel sues Biden administration for blocking its sale to Nippon

NPR  

US Steel sues Biden administration for blocking its sale to Nippon US Steel has gone to court to salvage its sale to a Japanese steelmaker. U.S. Steel and Nippon Steel insist their combination would enhance, not threaten, U.S. security, and they accuse the president of playing politics. You know, the president warned that letting Nippon Steel buy U.S. Steel could …

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US Steel, Nippon sue Biden administration over decision to block merger
5 days, 9 hours ago

US Steel, Nippon sue Biden administration over decision to block merger

Al Jazeera  

The lawsuit alleges US President Joe Biden violated the companies’ right to a fair merger review. Nippon Steel and US Steel have filed a federal lawsuit in the United States challenging the Biden administration’s decision to block Nippon’s proposed $15bn acquisition of the Pittsburgh company. The lawsuit, filed on Monday, alleges US President Joe Biden prejudiced the decision of the …

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Decisión de Biden de bloquear venta de U.S. Steel genera incertidumbre a los trabajadores
5 days, 16 hours ago

Decisión de Biden de bloquear venta de U.S. Steel genera incertidumbre a los trabajadores

Associated Press  

WASHINGTON — Al bloquear la adquisición de U.S. Steel por parte de una empresa japonesa, el presidente Joe Biden dijo que estaba protegiendo los buenos empleos en el corazón de Estados Unidos. En un comunicado conjunto, Nippon y U.S. Steel calificaron la decisión de Biden de “una clara violación del debido proceso y la ley” y sugirieron que demandarían para …

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Biden’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers
6 days, 4 hours ago

Biden’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

Associated Press  

WASHINGTON — By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. In making its nearly $15 billion bid for the storied Pittsburgh-based steelmaker, Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and Pennsylvania’s Mon Valley. “They were …

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Biden blocks Japanese takeover of US Steel on national security grounds
Trending News
1 week ago

Biden blocks Japanese takeover of US Steel on national security grounds

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Joe Biden on Friday invoked a rarely-used presidential power …

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Biden Rejects Nippon Steel's Proposed Deal To Acquire U.S. Steel
1 week ago

Biden Rejects Nippon Steel's Proposed Deal To Acquire U.S. Steel

Huff Post  

Biden affirmed his vow in March to block the acquisition. via Associated Press WASHINGTON — President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition. “We need major U.S. companies representing the major share of US steelmaking capacity to …

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Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel
1 week ago

Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel

Associated Press  

WASHINGTON — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company. In their statement, the two steel companies said it’s “shocking — and deeply troubling” that the …

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Biden to block U.S.-Japan steel deal: U.S. media
Top News
1 week ago

Biden to block U.S.-Japan steel deal: U.S. media

Raw Story  

U.S. President Joe Biden has decided to block the proposed $14.9 billion purchase of U.S. Steel by Japan's Nippon Steel and will announce the move as soon as Friday, according to U.S. media. Biden decided to block the deal despite intense efforts to sway him in recent days by some of his senior advisors, who warned that rejecting a sizable …

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Joe Biden blocks Nippon Steel-US Steel merger citing Trump and unions opposition. What this means?
1 week, 1 day ago

Joe Biden blocks Nippon Steel-US Steel merger citing Trump and unions opposition. What this means?

Live Mint  

United States President Joe Biden has officially decided to block Nippon Steel's proposed acquisition of US Steel, sources told Reuters on January 3. "I am totally against the once great and powerful US Steel being bought by a foreign company, in this case Nippon Steel of Japan," he wrote on his Truth Social platform last month. !” Outcome of a …

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Biden to block Nippon Steel’s takeover of US Steel, reports say
Top News
1 week, 1 day ago

Biden to block Nippon Steel’s takeover of US Steel, reports say

Al Jazeera  

US president expected to announce decision to block proposed sale of Pittsburgh-based steelmaker as early as Friday. United States President Joe Biden has decided to block the proposed takeover of US Steel by Japan’s Nippon Steel, US media has reported. Biden’s decision comes after the Committee on Foreign Investment in the United States last month failed to reach a consensus …

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Biden rejects Nippon Steel’s proposed deal to acquire U.S. Steel
1 week, 1 day ago

Biden rejects Nippon Steel’s proposed deal to acquire U.S. Steel

LA Times  

President Joe Biden speaks at an event to award the Presidential Citizens Medal to recipients in the East Room at the White House on Thursday. President Biden has rejected the nearly $15-billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition. “We need major U.S. companies representing …

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Biden rechaza propuesta de Nippon Steel de adquirir US Steel
1 week, 1 day ago

Biden rechaza propuesta de Nippon Steel de adquirir US Steel

LA Times  

El presidente Joe Biden habla en el evento de concesión de la Medalla Presidencial de Ciudadanos en el Salón Este de la Casa Blanca, el jueves 2 de enero de 2025 en Washington. Su decisión se produce después de que la Comisión de Inversión Extranjera en Estados Unidos, conocida como CFIUS por sus siglas en inglés, no lograra el mes …

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US Steel Sale to Nippon Blocked by Biden. What Happens Next?
1 week, 1 day ago

US Steel Sale to Nippon Blocked by Biden. What Happens Next?

Bloomberg  

US President Joe Biden ’s decision to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp. has sparked fresh uncertainty for the American icon that’s been at the heart of a domestic political firestorm in the US and fueled tensions with long-time diplomatic ally Japan. Biden announced his formal decision on Friday after the case was referred …

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Biden blocks sale of US Steel to Japan’s Nippon Steel
1 week, 1 day ago

Biden blocks sale of US Steel to Japan’s Nippon Steel

Al Jazeera  

Biden cites need to ‘level playing field’ in long anticipated blocking of $14.6bn sale likely to roil ties with Tokyo. United States President Joe Biden has blocked the $14.9bn sale of the Pittsburgh, Pennsylvania-based US Steel to Japan’s Nippon Steel. “This acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security …

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Biden set to block Japan’s Nippon from taking over US Steel, reports say
1 week, 1 day ago

Biden set to block Japan’s Nippon from taking over US Steel, reports say

CNN  

New York CNN — President Joe Biden plans to announce as soon as Friday that he is blocking a $14.3 billion of US Steel by Japan’s Nippon Steel, according to published reports in the Washington Post and New York Times, which cited administration officials. Late last month, the Committee for Foreign Investment in the United States, known colloquially as CFIUS, …

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Biden will decide on U.S. Steel acquisition after influential panel fails to reach consensus
2 weeks, 3 days ago

Biden will decide on U.S. Steel acquisition after influential panel fails to reach consensus

LA Times  

Coal is loaded onto a barge in September near a U.S. Steel facility in Clairton, Pa. A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Biden, who opposes the deal. Biden, backed …

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