08:10 AM EDT, 09/06/2024 (MT Newswires) -- President Joe Biden's expected move to formally block the proposed merger between US Steel (X) and Japan's Nippon Steel over national security concerns is "very unsettling," according to a prime minister candidate in Japan.

"I find what the United States is saying (about Nippon Steel) to be very unsettling, making such statements or actions that could undermine the trust of its allies," said Shigeru Ishiba, a 67-year-old former defense minister, in an interview with Reuters. "Recently the US is tending to impose deals and threats even on its allies, this is true not only with NATO countries but also now with Japan. I question whether that is really a fair approach."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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