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4-Traders Homepage  >  Equities  >  Nyse  >  United States Steel Corporation    X

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

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09/12/2013 | 04:34pm CEST

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

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Financials ($)
Sales 2017 11 877 M
EBIT 2017 601 M
Net income 2017 299 M
Debt 2017 1 425 M
Yield 2017 0,78%
P/E ratio 2017 12,22
P/E ratio 2018 9,51
EV / Sales 2017 0,47x
EV / Sales 2018 0,43x
Capitalization 4 154 M
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Technical analysis trends UNITED STATES STEEL CORPOR
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Mean consensus HOLD
Number of Analysts 15
Average target price 27,3 $
Spread / Average Target 15%
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Managers
NameTitle
David B. Burritt President, Chief Executive Officer & Director
David S. Sutherland Chairman
Kevin P. Bradley Chief Financial Officer & Executive Vice President
Charles G. Balawajder Chief Information Officer & Vice President
John G. Drosdick Independent Director
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