Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Might Lower Rates Be The Cure For Higher Prices?

July 10, 2025

How Long Does Mortgage Pre-Approval Take?

July 10, 2025

Financial Advisor Fee Calculator: Compare Costs

July 9, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Thursday, July 10
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Stock Market»US foreign investment panel split on Nippon-U.S. Steel deal, FT reports By Reuters
Stock Market

US foreign investment panel split on Nippon-U.S. Steel deal, FT reports By Reuters

December 28, 2024No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

(Reuters) – According to a report by the Financial Times on Sunday, the U.S. Treasury has informed Japan’s Nippon Steel that the panel reviewing its proposed $14.9 billion purchase of U.S. Steel has not yet reached an agreement on how to address security concerns.

The Committee on Foreign Investment in the U.S. (CFIUS), led by the Treasury, wrote to both companies on Saturday, stating that the nine agencies on the panel were struggling to come to a consensus before the deadline to submit a recommendation to President Joe Biden.

CFIUS has until Dec. 22 to decide whether to approve, block, or extend the timeline for the deal’s review, as reported by Reuters.

U.S. Steel and CFIUS have not responded to requests for comments on the Financial Times report, while Nippon Steel has declined to comment. The U.S. Treasury has also refrained from commenting.

© Reuters. The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo,  Japan in this photo taken by Kyodo May 1, 2019.  Mandatory credit Kyodo/via REUTERS

The acquisition has faced opposition within the U.S. since its announcement last year, with both President Biden and former President Trump indicating their intentions to block the purchase. CFIUS raised concerns in September that the deal could pose national security risks by affecting the supply of steel for critical projects.

deal foreign investment NipponU.S Panel reports Reuters Split steel
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump announces US trade deal with Vietnam

July 2, 2025

UPenn, Trump Admin Reach Deal To Strip Trans Swimmer Of Past Titles & Awards

July 1, 2025

What are REITs? A guide to real estate investment trusts

June 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

5 Big Changes to Medicare Part D for 2025 (And What to Do About Them)

October 15, 20240 Views

6 Ways to Reduce Financial Stress During Uncertain Times

May 16, 20250 Views

Donald Trump’s exit from Paris climate accord has ‘huge impact’, says Brazil’s COP30 chief

January 25, 20251 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

Might Lower Rates Be The Cure For Higher Prices?

July 10, 20250
Real Estate

How Long Does Mortgage Pre-Approval Take?

July 10, 20250
Personal Finance

Financial Advisor Fee Calculator: Compare Costs

July 9, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.