Nippon Steel Corp
CNBC Daily Open: U.S. economic slowdown still in the cards, Fed says
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices […]
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CNBC Daily Open: The Israel-Iran conflict continues but markets seem unfazed
Smoke billows from an explosion at the Islamic Republic of Iran Broadcasting (IRIB) building in Tehran on June 16, 2025. AFP | Getty Images The U.S. stock market rose and oil prices retreated amid news that Iran wants a ceasefire with Israel. As early as the first days of Israel’s strikes, Tehran reportedly asked several […]
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Trump hails Nippon Steel as ‘great partner’ as deal awaits approval
U.S. President Donald Trump on Friday lauded an “agreement” between Nippon Steel and U.S. Steel at a political rally but stopped short of approving the companies’ diplomatically sensitive merger. On a stage near Pittsburgh, Pennsylvania, decorated with signs celebrating “American steel,” Trump declared the American steel company would remain American, while extolling its prospective new […]
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CNBC Daily Open: Investors don’t feel as threatened by Trump’s tariffs
U.S. President Donald Trump gives a speech, during the commencement ceremony at West Point Military Academy in West Point, New York, U.S., May 24, 2025. Nathan Howard | Reuters If U.S. President Donald Trump follows up on his threat of 50% tariffs on the European Union, he’d be imposing higher duties on America’s ally compared […]
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Trump green-lights Nippon merger with US Steel
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images President Donald Trump said Friday that U.S. Steel and Nippon Steel will form a “partnership,” after the Japanese steelmaker’s bid to acquire its U.S. rival had been blocked […]
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Nippon Steel to invest $4 billion for new U.S. Steel mill in $14 billion package, Reuters reports
Headquarter building of the Nippon Steel corporation in Japan on January 7, 2025. David Mareuil | Anadolu | Getty Images Nippon Steel plans to invest $14 billion in U.S. Steel’s operations, including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with […]
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Trump orders new review of U.S. Steel acquisition by Japan’s Nippon Steel
A tugboat pushes a barge near the U.S. Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, on Sept. 9, 2024. Justin Merriman | Bloomberg | Getty Images President Donald Trump on Monday ordered the proposed acquisition of U.S. Steel by Japan’s Nippon Steel to undergo a new review after the deal was blocked by […]
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Trump administration seeks delay in Nippon Steel case for merger talks, filing shows
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images The Trump administration filed a motion to extend two deadlines in U.S. Steel and Nippon Steel’s lawsuit against a U.S. national security panel to give the government more […]
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Almost 90% of Japanese companies see Trump as bad for business, Reuters reports
Almost nine out of 10 Japanese companies expect U.S. President Donald Trump’s policies to negatively affect business, a Reuters survey showed on Thursday. Eschcollection | Digitalvision | Getty Images Almost nine out of 10 Japanese companies expect U.S. President Donald Trump’s policies to negatively affect business, a Reuters survey showed on Thursday, the clearest sign […]
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Trump to impose 25% tariffs on steel and aluminum — here are the likely winners and losers
An employee stands at a blast furnace. U.S. President Donald Trump said on Sunday that he would impose new tariffs on steel and aluminium imports. Picture Alliance | Picture Alliance | Getty Images U.S. President Donald Trump on Sunday told reporters that he planned to announce new 25% tariffs on Monday, targeting imports of steel […]
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