Tokyo: Local media reported on Monday ( Jan 14 ) that Japanese Prime Minister Shigeru Ishiba informed US President Joe Biden that” strong” concerns had been raised about his decision to halt Nippon Steel’s acquisition of US Steel. Citing national safety issues, Biden put a stop to the US$ 14.9Continue Reading
Japan:  , Japan will look at the “economic protection” aspects of any foreign acquisition of 7-Eleven, a government minister said as Canada’s Couche-Tard pursues a invasion of the nation’s largest advantage network. Alimentation Couche-Tard, which owns the Circle K company, wants to buy the business owner’s family Seven &, iContinue Reading
However, the incoming president, who made the reconstruction of the US producing bottom a top priority for his management, announced on Friday that he was halting the acquisition because it posed a threat to national security. Both businesses and Tokyo were harsh critics of the statement. The companies said theContinue Reading
” BOLD ACTION” Biden’s choice, less than three months before he leaves company, followed extended wrangling over competing local political, economic and trade needs. The incoming president had criticized the deal for months while putting off a move that might harm ties with Tokyo, making the reconstruction of the USContinue Reading
Following a media report that claimed American President Joe Biden would halt it, Nippon Steel on Wednesday ( Dec. 11 ) criticized the “inappropriate” influence of politics on its planned takeover of US Steel. A figure in Washington is reviewing the deal for US$ 14.9 billion, including debts, as wellContinue Reading
TOKYO:  , The Japanese owner of 7-Eleven said on Friday ( Sep 6 ) it had rejected a takeover bid from retail giant Alimentation Couche-Tard (ACT), saying the proposal “grossly undervalues” the company. As the country’s biggest pleasure store string, 7-Eleven operates more than 85, 000 outlets worldwide. In aContinue Reading
China’s businesses have formally requested an anti-dumping investigation into meat imports from the European Union, according to the state-backed Global Times, escalating tensions after the bloc imposed anti-subvention duties on Chinese-made electric vehicles. After Brussels imposed tariffs of up to 38.1 per share on EVs made in China to protectContinue Reading