Tag: buying
Trump hits India with extra 25% tariff for buying Russian oil
US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That will raise the total tariff on Indian imports to the United States to 50% – among the highest rates imposed by the US. The new rate will come into effect in 21…
Dick’s Sporting Goods is buying Foot Locker for $2.4 billion
Alina Selyukh Athletic retailer Dick’s Sporting Goods plans to buy Foot Locker, the seller of shoes in many a shopping mall, for about $2.4 billion. Dick’s is the largest sports retail chain in the U.S. It’s been on strong financial footing, but it doesn’t have reach outside the country. Foot Locker, for its part, has…
Biden blocks Nippon Steel from buying US Steel
US President Joe Biden has formally blocked the takeover of US Steel by a bigger Japanese company, saying foreign ownership could pose risks for national security. The controversial decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal, describing it as a lifeline for its smaller Pennsylvania-based rival. But the transaction soon…