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Search resuls for: "Eiji Hashimoto"


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Eiji Hashimoto, chairman and chief executive of Nippon Steel, the world’s fourth-largest steelmaker, said there was “no reason or need to give up” on the bid. After meeting on Tuesday with Japanese Prime Minister Shigeru Ishiba, Blinken said the U.S.-Japan alliance was “stronger than it’s ever been before.” He did not answer a question from NBC News about the Nippon Steel bid. Nippon Steel chairman and chief executive Eiji Hashimoto in Tokyo on Tuesday. In its efforts to promote the deal, Nippon Steel has emphasized that U.S. Steel would remain American-run, its headquarters would remain based in Pittsburgh, and there would be no layoffs or plant closures as a result of the takeover. Nippon Steel and U.S. Steel are also suing the United Steelworkers president, David McCall, as well as Lourenco Goncalves, the head of U.S. Steel rival Cleveland-Cliffs, accusing them of illegally coordinating to undermine the transaction.
Persons: Joe Biden, Antony Blinken, , Eiji Hashimoto, , Biden, , Shigeru Ishiba, Blinken, Kazuhiro Nogi, Robyn Patterson, David McCall, Lourenco Goncalves, McCall, Goncalves, ” Biden, Kamala Harris, Donald Trump, Issei Kato, Trump, ” Hashimoto, Arata Yamamoto, Abigail Williams, Jennifer Jett Organizations: Steel, Nippon Steel, U.S . Steel, Biden, Japanese, U.S ., NBC News, Getty, Foreign Investment, U.S, Steel American, American, Justice, United Steelworkers, Democratic Locations: TOKYO, Japan, Tokyo, , United States, U.S, AFP, American, Pittsburgh, China, Pennsylvania, Cleveland, Hong Kong
This picture taken on Feb. 16, 2024 shows a logo of Nippon Steel Corp. at the company's Kyushu manufacturing base in Kitakyushu city of Fukuoka Prefecture. Japan's Nippon Steel CEO reiterated Tuesday that the company was not giving up on its takeover of U.S. Steel, a day after it sued the Joe Biden administration over blocking the proposed merger. U.S. Steel and Nippon Steel announced Monday that they had initiated two lawsuits following the Biden administration's decision to block Nippon Steel's $14.9 billion acquisition of the American steelmaker. At a press conference on Tuesday, Nippon Steel's chairman and CEO Eiji Hashimoto doubled down on that stance. Last Friday, Biden officially blocked Japan's Nippon Steel from acquiring U.S. Steel, fulfilling his pledge to keep an industrial name that is over a century old under U.S. ownership.
Persons: Joe Biden, Biden, Eiji Hashimoto, Hashimoto Organizations: Nippon Steel Corp, Nippon Steel's, U.S . Steel, Japan's Nippon Steel, Nippon Steel, Nippon Locations: Kyushu, Kitakyushu, Fukuoka Prefecture . U.S, U.S
CNBC Daily Open: The AI sector still has legs to run
  + stars: | 2025-01-07 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tencent on list of 'Chinese military companies'Tencent Holdings' Hong Kong-listed shares tumbled 7% on Tuesday after the company was added to a list of "Chinese military companies" by the U.S. Department of Defense. Foxconn's numbers suggest that artificial intelligence is still hot, sending up stocks of Nvidia and other global semiconductor companies. Passive investors who simply bought an exchange-traded fund tracking the S&P would have received more than 20% in returns.
Persons: Tencent, Joe Biden, Eiji Hashimoto, Blackwell Organizations: CNBC, Nasdaq, Nikkei, Tencent Holdings, U.S . Department of Defense, Ford, Nippon Steel, U.S . Steel, U.S, Nippon Steel's, Nvidia, CES, Hai Precision Industry Locations: Asia, Pacific, Hong Kong, CATL, Europe
Companies Nippon Steel Corp FollowTOKYO, Dec 22 (Reuters) - Japan's top steelmaker Nippon Steel Corp (5401.T) aims to join new raw material development projects to make reduced iron, using hydrogen, to meet the growing demand for green steel, its president said on Thursday. But the company will keep investing in coking coal mines to secure a key steel-making raw material as new development projects for the coal have been shrinking due to concerns over climate change, Nippon Steel President Eiji Hashimoto told a news conference. Reduced iron is produced from a process where oxygen is removed from the iron ore to make metallic iron without melting it. Reporting by Yuka Obayashi; editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
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