The Latest Breaking News from Nippon Steel

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

Biden Administration extends deadline for Nippon Steel's bid to acquire U.S. Steel, facing national security concerns and industry implications.

Business groups say the move could have a chilling effect on Japan's standing as the biggest foreign investor in the United States, just as Washington seeks closer relations to counter China.

President Joe Biden's decision to reject a bid by Nippon Steel to acquire U.S. Steel isn't the first time friction over trade and investment has irked Washington's closest ally in Asia

Business groups say the decision could have a chilling effect on Japan's standing as the biggest foreign investor in the United States, just as Washington seeks closer ties with Tokyo to counter China.

Asian shares rise on tech stock performance, while markets await policy changes and economic data releases. Nippon Steel faces setback in U.S. acquisition....

US Secretary of State Antony Blinken was in Japan on Tuesday for talks expected to address North Korean missile launches, but President Joe Biden's blocking of a steel deal is straining the allies' warm ties.

Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion acquisition of U.S. Steel

President Biden's decision to block the US Steel acquisition by Nippon Steel due to national security concerns receives mixed reactions.