United States Steel (X.US) posted its largest increase in a year, with reports that Nippon Steel proposed granting the U.S. government veto power over capacity cuts to seek approval for the Trade.
According to informed sources, Nippon Steel has proposed granting the United States government veto power over the capacity reduction of United States Steel, which is the company's final effort to gain approval from the U.S. government for the acquisition of United States Steel.
Nippon Steel Offers U.S. Government Veto Power in Bid for U.S. Steel Approval, Source Tells Reuters
Express News | Nippon Steel Proposes Giving U.S. a Veto Over Any Reduction in U.S. Steel’s Production Capacity in Bid for Deal Approval -Source Familiar
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Express News | Corrected-Buzz-US Steel Rises After Report Nippon Steel Offers US Veto Over Potential Production Cuts
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Sina Finance Year-End Review: Top Ten News in the U.S. Stock Market for 2024.
This year, the U.S. stock market has performed strongly, with the S&P 500 rising over 20% for two consecutive years. Technology stocks continue to lead, with excellent performance from AI stocks like NVIDIA. The Federal Reserve has started a rate cut cycle, injecting optimism into the market; however, high valuations and geopolitical risks have also increased market uncertainty. Sina Finance has summarized major events in the U.S. stock market for the year and selected ten significant news stories for 2024. The Federal Reserve has restarted its rate cut cycle: a cumulative cut of 100 basis points within the year, leading to historical highs in the U.S. stock market in 2024. This marks a major turnaround in Federal Reserve monetary policy. For the first time in over four years, the Federal Reserve has initiated a new cycle of rate cuts. In December, the Federal Reserve announced a rate cut of 25 basis points.
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Nippon Steel Pushes Out Expected U.S. Steel Closing Date to Q1 of 2025
The acquisition of U.S. Steel by Nippon Steel remains undecided, and a conclusion is expected in March next year? Biden has become the key.
There are numerous obstacles.
Express News | Nippon Steel has updated its acquisition timeline for U.S. Steel, now aiming for completion in Q1 2025 instead of late 2024