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.

TOKYO (Reuters) -The U.S. dollar edged lower on Wednesday, extending a two-day slide against major peers, as President Donald Trump failed to convince Republican holdouts to back…

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…

SINGAPORE (Reuters) -The U.S. dollar was soft on Friday, poised to make its first weekly drop in five weeks against the euro and the yen as worries over the United States'…

Former President Joe Biden previously blocked a deal for Japan's Nippon Steel to take over U.S. Steel on national security grounds.