A powerful U.S. national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's fraught $14.9 billion bid for U.S. Steel, a person familiar with the matter said, without providing further detail on its contents. The submission complies with an executive order signed by Trump last month, which tasked the Committee on Foreign Investment in the U.S. with outlining whether any measures proposed by the companies assuage the national security risks previously identified by the committee. Reuters could not learn the content of the committee's recommendation.
Dollar swoons on fiscal worries, bitcoin extends record rally
TOKYO (Reuters) -U.S. fiscal concerns and a tepid auction of Treasury bonds slapped the dollar to a two-week low versus the yen on Thursday, while President Donald Trump tried to push his sweeping spending and tax-cut bill through Congress. The bill would add $3 trillion to $5 trillion to the country's debt, according to nonpartisan analysts.
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The deal also allows US President Donald Trump to appoint a board member.
Former President Joe Biden previously blocked a deal for Japan's Nippon Steel to take over U.S. Steel on national security…
SINGAPORE (Reuters) -The U.S. dollar was soft on Friday, poised to make its first weekly drop in five weeks against the euro and…
