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...Barely 24 hours later, President Joe Biden signalled his opposition to the proposed $14.9bn takeover of US Steel by Nippon Steel of Japan, saying it was vital for America’s third-largest steelmaker to remain...
...On Monday, US Steel announced that it would sell itself to Nippon Steel of Japan at an enterprise value of $15bn....
...Whether the acquisition is approved or blocked by US authorities for national security reasons, Nippon Steel’s current dilemma has significant implications for Japan Inc as companies pursue growth outside...
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...If you add in Biden’s opposition to Nippon Steel’s takeover of US Steel, it seems there is a lot of protectionism around in Washington nowadays masquerading as something else....
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...Musk initially unveiled the truck at a launch event in 2019 where the truck’s window was smashed by a steel ball while testing its supposedly unbreakable qualities....
...Hyundai admitted these problems with some of its models but stressed that its vehicles are fully compliant with US federal requirements....
...Chinese steel exports have increased over the past two years, as has crude steel production. Residential property market problems do not yet seem to be hitting domestic steel demand....
...Monthly revenue per viewer in the country is only 70 cents on average, far below the $7.50 average in North America....
...New tech companies have emerged, but carmaker Toyota remains by far the country’s most valuable company When Nippon Steel announced its all-cash $14.9bn takeover bid for US Steel in December, bankers saw...
...Specialist charging companies such as Chargepoint, EVgo Services and Electrify America have been competing to serve cars made by a variety of manufacturers....
...shares in the group have fallen more than two-thirds in the past year over concerns about slowing demand, just when the company opened factories in Berlin and Shanghai, and rivals including Volkswagen and Hyundai...
...Does the EU go along with the US’s plans for a green steel club?...
...Nor is it even clear that the US legislation will inflict significant damage on Hyundai....
...A version of this article was first published by Nikkei Asia on February 3 2023. ©2023 Nikkei Inc. All rights reserved....
...On the one hand, environmental, social and governance-based investing is under mounting fire from rightwing groups in America....
...Others were to force updates on regulations for emissions from . . . argon-oxygen decarburisation vessels in steel plants?...
...Analysts said the strong showing from LGES was likely to increase appetite for big listings in the pipeline, including Hyundai Engineering, Kakao Entertainment and ecommerce players such as Market Kurly...
...It’s an important win for activists in Korea Inc., where corporate behemoths including Samsung and Hyundai operate without much interference....
...More than 20 per cent of last year’s $38bn in net new inflows came from overseas, even though 97 per cent of AUM are from North America....
...I think if you strip the entertainment aspect from it, you end up with a super creepy version of America Online chat rooms! PM: You’re not just doing Fortnite, of course....
...The electricity it generates will help Pueblo make the “cleanest steel and engineered steel products in the world”, according to Evraz, the Russian mining conglomerate that owns the city’s 140-year-old steel...
...A version of this article was first published by Nikkei Asia on October 25 2021. ©2021 Nikkei Inc. All rights reserved....
...And those coils of steel and aluminium within two weeks are driving off the plant as vehicles....
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