Japan’s largest steelmaker said that it would not give up trying to purchase U.S. Steel even after President Joe Biden ...

By blocking the acquisition of US Steel, President Joe Biden has irked Japan, one of Washington's closest allies whose firms are the biggest foreign investors in the United States.

US Secretary of State Antony Blinken insisted during a visit to Tokyo on Tuesday that ties with Japan were stronger than ever ...

Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh headquarters.

Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U ...

WASHINGTON/TOKYO — President Joe Biden officially blocked Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel on Friday, dealing a probably fatal blow to the contentious merger plan ...

Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...

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 ...

"We have been in touch with Japan and conveyed our thoughts directly to them," she added. US Steel's shares slumped 6.5 percent on Friday. Japan's industry minister Yoji Muto said: "It is ...

President Joe Biden has made good on his months of public opposition to the proposed purchase of American company U.S. Steel by Japan’s Nippon Steel, announcing Friday he is blocking the $14.9 ...