CFIUS grants Nippon Steel’s request to refile bid for U.S. Steel, source says

A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024.

Justin Merriman | Bloomberg | Getty Images

CFIUS, the Committee on Foreign Investment in the United States, that is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel has granted a request from the Japanese company to refile its takeover application, a person familiar with the matter said on Tuesday.

CFIUS needs more time to understand the impact of national security and engage with the parties, the person added.

Source

World

European stocks fall as Trump extends Iran strike hiatus and G7 ministers meet

March 27, 2026

Lightning occurs when META 4, an Oil Products Tanker, sails into Muscat Anchorage on March 21, 2026 at Sultan Qaboos Port in Muscat, Oman. Elke Scholiers | Getty Images European stocks fell on Friday after U.S. President Donald Trump extended the ongoing hiatus of attacks on Iran’s energy infrastructure. Shortly after the opening bell, the […]

World

India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war

March 27, 2026

People stand in a queue to refill fuel at a gas station in Guwahati, India, on March 26, 2026. David Talukdar | Anadolu | Getty Images The Indian government’s tax revenues have taken a “huge hit” after New Delhi slashed central excise duties on fuel for domestic consumption, Petroleum and Natural Gas Minister Hardeep Singh […]

World

Huawei’s new AI chip finds favor with ByteDance, Alibaba which plan to place orders, Reuters reports

March 27, 2026

SHENZHEN, CHINA – MARCH 24: Pedestrians walk past a Huawei retail store inside a shopping mall on March 24, 2026 in Shenzhen, Guangdong province, China. Huawei continues to expand its offline retail presence as competition in China’s consumer electronics and smart device market remains intense. (Photo by Cheng Xin/Getty Images) Cheng Xin | Getty Images […]