As the Biden administration nears a decision to block the proposed acquisition of U.S. Steel, the debate over national and economic security is being dwarfed by presidential politics.
Category: Japan
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Biden Expected to Block U.S. Steel Takeover
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
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U.S. Market Slump Led by Nvidia Sparks Global Sell-Off
A sharp decline in major U.S. stock indexes, led by tech stocks like Nvidia, reverberated through Asia and Europe on Wednesday.
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In Japan, the Era of ‘Free’ Mortgages Is Coming to an End
Homeowners are gearing up to pay more on their loans as the Bank of Japan’s rate increases signal the end of decades of ultralow interest rates.
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Japan Stocks Tumble as U.S. Market Slump Sparks Global Sell-Off
A sharp decline in major U.S. stock indexes reverberated through Asia on Wednesday, with investors still rattled by last month’s market meltdown.
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Kamala Harris Says U.S. Steel Should Stay American-Owned
Both major presidential candidates now say they oppose the proposed takeover of the industrial giant by Nippon Steel of Japan.
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Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril
The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.
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7-Eleven Is a Hard Target for Couche-Tard to Land in Takeover Bid
Convenience stores are a part of the country’s culture, meaning that the foreign buyout bid for 7-Eleven, the largest chain, could be a hard sell in Japan.
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7-Eleven Gets Takeover Bid From Canada’s Alimentation Couche-Tard
Japan’s Seven & i Holdings, which operates 85,000 stores, said it had received a bid from the Canadian convenience store chain Alimentation Couche-Tard.
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After Stock Market’s Wild Week, Wall Street Wonders What’s Next
Investors now have a factor to consider beyond the pace of inflation: Could the next sign of sputtering economic growth send stocks into a tailspin?
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Wall Street on Edge After a Week of Wild Swings
Investors now have a factor to consider beyond the pace of inflation: Could the next sign of sputtering economic growth send stocks into a tailspin?
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Why Japan Was Crushed Most in the Global Market Rout
The fragility of a more-than-year-long stock rally in Japan, fueled in part by a weak yen, has been exposed by the sudden strengthening of the currency.