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Ishiba warns blocked U.S. Steel deal might affect investments

Ishiba warns blocked U.S. Steel deal might affect investments


Japan’s prime minister on Monday urged Washington to dispel considerations {that a} choice by U.S. President Joe Biden to dam Nippon Steel’s takeover of U.S. Steel might affect future investments.

The U.S. president’s announcement final week cited a strategic want to guard home business, a transfer that drew sharp criticism from each firms and Tokyo.

A U.S. authorities panel had failed to succeed in consensus on whether or not the $14.9 billion acquisition threatened nationwide safety, shifting the choice to Biden within the waning days of his presidency.

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Written by EGN NEWS DESK

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