Nippon and US Steel blasted Biden's decision, calling it a "clear violation of due process" and a political move, and saying ...

If the deal does not go through, Nippon Steel would have to pay a US$565 million break-up fee. Read more at straitstimes.com.

Hang Seng Index dips 1.64% as PMI data weakens and trade war jitters grow. Tech stocks and mainland markets lead declines.

The US treaty ally is spending billions to arm itself for a conflict over Taiwan or the South China Sea it hopes will never ...

"U.S. Steel will remain a proud American company — one that's American-owned, American-operated, by American union steelworkers — the best in the world," President Biden said in a statement.

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 ...

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 ...

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.

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 ...

President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national ...

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 ...