Biden Blocks Japan Firm's $15 Billion Deal to Acquire US Steel
The New Indian Express Hubballi|January 04, 2025
US President Joe Biden has blocked the nearly USD 15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based US Steel, affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA's most storied steel company.

The proposed deal kicked up an election year political maelstrom across America's industrial heartland, and blocking it drew a threat of litigation from Nippon Steel.

"We need major US companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America's national interests," Biden said in a Friday morning statement.

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ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 04, 2025 من The New Indian Express Hubballi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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The New Indian Express Hubballi

Arteta aghast at Brighton penalty as title contenders Arsenal stumble

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Award Motivates Players Even More, Says Sanjay

AT 23, Sanjay was the youngest member of the Indian hockey team that won the bronze medal at the Paris Olympics.

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MORE QUESTIONS THAN ANSWERS

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Karnataka in QFs, TN reach pre-quarters

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Hard-fought win for nine-man Kerala in ISL

KERALA Blasters earned a hard-fought 1-0 away victory over Punjab FC in the Indian Super League in New Delhi on Sunday.

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Why Fin Services in India Will Boom and Bloom

HERE was a cheer when India's stock market registered the 100 millionth (10 crore) investor account.

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Banking stocks may stage a comeback in 2025

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CRYSTAL BALL GAZING ACROSS ASSET CLASSES

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Rate cut to trigger growth: Muthoot

KOCHI-BASED Muthoot Microfin is hopeful of better days ahead, even as the industry faces headwinds. The second largest micro lender expects the third interest rate reduction earlier last month to attract more customers and also improve collections.

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The New Indian Express Hubballi

Polar vortex brings winter storm to central US

Eastern parts of the country likely to experience bone-chilling cold from today, according to weather forecasters

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