Foreign investors may overlook failure of Japanese bid for US Steel

Nippon Steel corporation. (Image: AFP)

Tue, 14 Jan 2025

By David J. LynchIt didn’t take long for foreign investors to shake off their angst over President Joe Biden’s decision to veto Nippon Steel’s purchase of US Steel.Four days after the president killed the US$14.9 billion (NZ$26.7b) deal, citing national security worries, his successor unveiled a US$20b datacentre investment by a United Arab Emirates property developer called DAMAC.“This commitment further underscores that many of the greatest business leaders on Earth are seeing a very bright economic future for America,...

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