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19.06.2025 1:18
Nippon Steel finalizes deal to make U.S. Steel wholly owned Nippon Steel Corp. said Wednesday it has finalized a $14.1 billion deal to acquire United States Steel Corp. as a wholly owned subsidiary after U.S. President Donald Trump reversed his initial opposition and allowed the deal to proceed. The move will give Japan's largest steelmaker, and the world's fourth-largest, greater access to the growing U.S. market for high-grade steel, with U.S. Steel issuing a golden share to the U.S. government that grants veto power over key management decisions. Read full story here

19.06.2025 1:51
US Fed keeps interest rates unchanged in face of Trump criticism Fed Chair Jerome Powell said that increases in tariffs this year are 'likely to push up inflation and weigh on economic activity.' Trump, hours before the bank was due to release its policy decision, vented: 'They have a stupid person, frankly, at the Fed.'

19.06.2025 2:22