Nippon Steel, whose multibillion-dollar proposal to ... marking a significant use of executive authority in the closing days of his administration. He cited the need to protect national security ...

It will also enable the company to use increased quantities of waste coal mine gas as fuel for the power station. Besides the expected increase in gas production from the seven new lateral wells, QPM ...

“India’s gas sector has been making good strides in recent years and built strong growth potential through the increased use of gas in the industrial, transport, residential and power sectors ...

Copyright 2025 The Associated Press. All Rights Reserved. President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...

U.S. Steel had also said it hoped Biden would approve the transaction. Nippon Steel first announced in December 2023 that it planned to purchase U.S. Steel for roughly $15 billion.

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into ...

Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday. U.S. Steel shares X fell 6% ...

This week Ukraine closed off the last route allowing Russia to sell gas to Europe through its territory. With the expiry of a deal to use the Urengoy-Pomary-Uzhhorod pipeline for transit ...

Update: President Biden announced Friday morning he is blocking the U.S. Steel-Nippon Steel deal "to ensure that, now and long into the future, America has a strong domestically owned and operated ...

20, also opposes the acquisition. In a November social media post, he vowed to block the deal and to use tax incentives and tariffs to grow U.S. Steel. Both Nippon Steel and U.S. Steel have vowed ...

WASHINGTON/TOKYO -- U.S. President Joe Biden on Friday blocked Nippon Steel's $14.9 billion bid for U.S. Steel, marking the first time that a president has issued an order to halt a Japanese ...