Member access

4-Traders Homepage  >  Shares  >  Nyse  >  United States Steel Corporation    X   US9129091081

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

United States Steel Corporation : EU demands answers from United States on financial spying

09/12/2013 | 10:34am US/Eastern

The European Union demanded talks with the United States on Thursday to establish whether the intelligence service of its ally had been secretly drawing information from a global financial database in Belgium.

The EU Commissioner for Home Affairs Cecilia Malmstrom said in a Twitter posting she had spoken to U.S. counterparts and expressed strong concerns about tapping of financial data by U.S. intelligence authorities.

"Following up with a letter today, requesting consultation under the TFTP agreement. We need clear, satisfactory answers," she wrote.

In the absence of such satisfactory answers, the EU could revoke an agreement that allows the United States to access information under its Terror Finance Tracking Programme (TFTP). This would be subject to approval by EU member states.

According to leaked U.S. documents aired by Globo, Brazil's biggest television network, the U.S. government has tapped into the computer networks of companies including Google Inc., Brazilian state-run oil firm Petroleo Brasileiro SA and the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

The European Union shares data from the database of SWIFT, which exchanges financial messages concerning transactions across the world, but it only does so with the United States Treasury, to help intercept possible terrorism plots.

In 2010, the EU and the United States signed a formal agreement to limit how much of that data can be retrieved.

Each side can terminate the agreement if there is a severe breach but only after mutual consultation to establish whether the terms of the agreement have been broken.

Europe has been unsettled by other revelations that the U.S. National Security Agency had been spying on European citizens by trawling vast quantities of email and telephone data of both Americans and foreigners.

(Reporting By Claire Davenport; editing by Philip Blenkinsop and Ralph Boulton)

By Claire Davenport

Latest news on UNITED STATES STEEL CORPOR
6d ago UNITED STATES STEEL : Earnings Results Schedule, and Recognition - Research Repo..
6d ago UNITED STATES STEEL : U. S. Steel Taps New VP - International Trade and Global P..
6d ago UNITED STATES STEEL : U. S. Steel Provides Conference Call on Company Website
10/09 UNITED STATES STEEL : U. S. Steel Conference Call Available on Company Website
10/09 UNITED STATES STEEL : U. S. Steel Names Debbie Shon Vice President - Internation..
10/08 UNITED STATES STEEL : Trademark Application for "USS" Filed
10/08 UNITED STATES STEEL : Trademark Application for "USS-EAGLE SFM" Filed by United ..
10/08 UNITED STATES STEEL : Trademark Application for "ACRYLUME E PLUS" Filed by Unite..
09/25 UNITED STATES STEEL : Receives Final Approval For Minntac Expansion
09/23 UNITED STATES STEEL : U.S. Steel Canada moving quickly to sell Hamilton assets
Advertisement
Chart
Duration : Period :
United States Steel Corpor Technical Analysis Chart | X | US9129091081 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF