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US and Japan unveil $36bn of oil, gas and critical minerals projects in challenge to China
The Guardian· 2026-02-18 06:02
Japan has drawn up plans for investments in US oil, gas and critical mineral projects worth about $36bn under the first wave of a deal with Donald Trump.The US president and Sanae Takaichi, Japan’s prime minister, announced a trio of projects including a power plant in Portsmouth, Ohio, billed by the Trump administration as the largest natural gas-fired generating facility in US history.As a diplomatic row between Japan and China over the security of Taiwan continues, testing the Japanese economy, Takaichi ...
Japan Unveils $36 Billion US Investment Plan; NZD Slumps on RBNZ Tightening
Stock Market News· 2026-02-18 03:08
Key TakeawaysJapan's Trade Ministry detailed $36 billion in joint US investment projects, led by a massive $33.3 billion gas-fired power initiative and $2.1 billion in crude oil.The New Zealand Dollar (NZD) dropped 0.76% to $0.6004 after RBNZ Governor Anna Breman confirmed the central bank will continue shrinking its balance sheet.President Volodymyr Zelensky criticized Donald Trump’s peace demands as "not fair," rejecting pressure to cede territory while Washington pushes for a rapid resolution.Chinese and ...