The US treaty ally is spending billions to arm itself for a conflict over Taiwan or the South China Sea it hopes will never ...
For months, United States Steel Corp. argued that selling out to Japanese-owned Nippon Steel Corp. was the only way to survive. President Joe Biden thought different, concluding that even a takeover ...
President Biden said he would block the sale of one of America’s most iconic companies to a Japanese company. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion ...
US President Joe Biden has vetoed Nippon Steel's $14.9-billion takeover bid for its American rival, US Steel. Amid bipartisan opposition to the merger, DW asks why US politicians and regulators are ...
U.S. Steel employs thousands of workers on Minnesota's Iron Range at Minntac in Mountain Iron and Keetac in Keewatin.
Automakers' lobbying groups indicated support for the acquisition under the belief it would've increased supply and offered ...
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 ...
If Donald Trump’s fans and detractors can agree on anything about the U.S. president-elect, it’s that he’s a man of the 1980s ...
President Joe Biden’s decision to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp. has sparked ...
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.
With China facing a deflationary spiral and uncertain economic prospects, lower interest rates alone wouldn’t be enough to kick the economy back into high gear.
Statement from President Joe Biden As I have said many times, steel production—and the steel workers who produce it—are the ...