An arbitration board has ruled in favor of Nippon Steel Corp ( NISTF ) in its $14.9 billion acquisition of United States Steel Corporation ( X ) . The decision was announced on Wednesday. What Happened: The arbitration panel, chosen by both the company and the United Steelworkers (USW) union, determined that U.S. Steel had met all conditions of the...

SEOUL, Sept 26 (Reuters) - South Korean battery maker SK On plans to introduce voluntary measures aimed at reducing its workforce, as the company seeks to improve efficiency and remain competitive in a challenging electric vehicle market, industry sources said on Thursday. SK On, the battery unit of energy group SK Innovation , intends to offer programmes offering special leave...

SK Hynix ( HXSCF ) shares soared over 9% on Thursday following the commencement of mass production of their latest high-bandwidth memory chips. What Happened: The South Korean company has introduced the HBM3E chips, which feature 12 layers and offer 50% more capacity than the previous eight-layer versions. This development positions SK Hynix ( HXSCF ) ahead in the competitive...

WASHINGTON (Reuters) - The Republican chair of the House of Representatives' select committee on China said on Wednesday that the panel's top priority is legislation restricting U.S. investment in China to stop investors from funding our own demise. We have to have an outbound investment regime that basically says 'No investment in these businesses that are on some kind of...