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Politics should not intervene in private business transactions without just cause. That is why ongoing efforts in America to block Nippon Steel's acquisition of U.S. Steel raise serious concerns.
TOKYO -- Nippon Steel plans to relocate its U.S. headquarters to Pittsburgh, the city where U.S. Steel is based, in a bid to smooth the intended purchase of the American steelmaker, regulatory filings show.
TOKYO -- Nippon Steel said its purchase of U.S. Steel would strengthen "American supply chains and economic defenses against China" in a statement released on Friday.
Nippon Steel’s decision to buy US Steel, the iconic American company, is a test for Joe Biden. The president has embraced an economic security agenda designed to protect the interests of America’s middle classes while promoting partnership and closer collaboration with allies.
TOKYO -- Nippon Steel said on Wednesday that pushback in America against its plan to acquire U.S. Steel was "within expectations," citing the wave of opposition expressed by former U.S. President Donald Trump and others.
TOKYO (Reuters) -- Japanese homebuilder Sekisui House said on Thursday it has struck a deal to buy Denver-based builder MDC Holdings for about $4.95 billion in cash, to become the fifth-biggest homebuilder in the United States.