In Victory for Trump, Japanese Company Blocked from Buying U.S. Steel
President Joe Biden has blocked the acquisition of the U.S. Steel Corporation by Japan's Nippon Steel. It was a victory for President-elect Donald Trump, who had vowed to take action himself if President Biden did not take over. On Friday, Biden announced He would use the Defense Production Act of 1950 to block Nippon Steel's […]
Brown hails Biden decision to block Japanese takeover of US Steel
Outgoing Sen. Sherrod Brown (D-Ohio) on Friday praised President Biden's decision to block Japan's Nippon Steel Corp.'s acquisition of U.S. Steel, a deal worth $14 billion. “This deal was done behind closed doors, with no workers at the table, and it represented a clear threat to America's national and economic security and ability to enforce […]
Biden to block US Steel sale to Japanese buyer: report
U.S. President Joe Biden is poised to formally block Nippon Steel's proposed $14.9 billion takeover of U.S. Steel, officials said Friday, dealing a perhaps fatal blow to the controversial merger plan. The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal, taking national security risks into account, but after failing […]
Japanese Yen receives support from odds of BoJ raising rates following Tokyo CPI – FXStreet
The Japanese yen rose as traders predicted the Bank of Japan would raise interest rates in January. Japan's Jibun Bank manufacturing PMI reached 49.6 in December, exceeding the forecast of 49.5 and the previous estimate of 49.0. The dollar remains weak, with 2-year and 10-year Treasuries trading at 4.32% and 4.62%, respectively, as U.S. Treasury […]
Japanese Yen rises following Tokyo CPI inflation – FXStreet
The Japanese yen strengthened following the release of Tokyo CPI inflation data, which showed an increase in December. The Tokyo Consumer Price Index in December was 3.0% compared to the previous year, up from 2.6% in November. The US dollar rose slightly as the possibility of further interest rate cuts by the US Federal Reserve […]
Japanese Government Skeptical of Bitcoin Reserve – U.Today
According to reports, the Japanese government not ready Accepting the idea of adopting Bitcoin as a reserve currency. Satoshi Hamada, a current member of the House of Councilors, recently called on the Japanese government to follow the example of the United States and use part of its foreign exchange reserves to purchase Bitcoin. However, Prime […]
In a Japanese restaurant in west London, this Chinese woman felt truly at home | Xinran
IIn 2006, during a gap year before starting university, my son Pan set out to discover “the world beyond books.” After spending four months backpacking through Australia and New Zealand, he shared with me his deepest realization from his travels: the meaning of home. he said to me: “Some people live in luxurious mansions but […]
Japanese Group Nihon Hidankyo Speaks Out Against Atomic Bomb
Terumi Tanaka, co-representative of Japan Hidankyo, a Japanese atomic bomb survivor organization and 2024 Nobel Peace Prize winner, receives the organization's 2024 Nobel Peace Prize at Oslo City Hall in Oslo, Norway, on December 10, 2024. I will give a speech later. (Photo by ODD ANDERSEN/AFP via Getty Images) OAN Staff Nathaniel Manners10:37am – Wednesday, […]
Japanese Yen bulls remain on the sidelines; seems vulnerable against USD – FXStreet
The Japanese yen has struggled to take advantage of Friday's modest rebound against the US dollar. Questions about the Bank of Japan's interest rate hike plans and the widening gap in yields between Japan and the U.S. are weighing on the yen. Traders are now looking to the US Consumer Confidence Index for short-term stimulus […]
Mets take MLB’s first meeting with Japanese star Roki Sasaki
The Mets, who just won the Juan Soto sweepstakes, are pursuing Aki Sasaki. The Mets met with the Japanese phenom in Los Angeles on Thursday, becoming the first team to meet Sasaki in person during the free agency process, The Post confirmed. SNY first reported the development. The Yankees also confirmed Wednesday that GM Brian […]