The agreement, which has many critical details to repel, by Japan’s best aciérique creates a formidable world competitor and helps revive the competitiveness of US Steel. After 18 tortuous months of presidential orders, proceedings and rhetoricals of heated electoral campaign, Nippon Steel in Japan controls last US Steel. The agreement, which constitutes the fourth Aciérique … Read more
The mixed signals and political theaters of President Trump complicate a historic cross -border acquisition and increase red flags for foreign companies. The all year round saga of the Japanese Steel Corp. To buy us Steel took another twist at the end of last month when President Trump announced unexpectedly via social media after a … Read more
Outgoing President Joe Biden abandoned a bomb when he published an executive decree last month, blocking the purchase of United States Steel (USS) by Nippon Steel in Japan, citing national security problems. The decision triggered a wave of vituperative exchanges between Japanese Steel and Cleveland-Cliffs, whose anterior supply broke out in favor of the more … Read more
(Reuters) – The United Steelworkers union has expressed concern over Nippon Steel’s latest proposal to give the U.S. government veto power over potential cuts to U.S. Steel’s production capacity if they approve a merger. The union, which opposed U.S. Steel’s merger with the Japanese steel giant, said Nippon’s offer did not provide for long-term production … Read more
Nippon Life Insurance, Japan’s largest private insurer, spends $8.2 billion on global life insurance company Resolution Life Group Holdings, marking the largest overseas acquisition in the insurance industry insurance in Japan. The move underscores Nippon Life’s ambition to strengthen its global presence in a contracting domestic market due to Japan’s aging population and low interest … Read more