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Sterling retreats after Manchester blast, euro steady, stocks advance

SINGAPORE Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak".

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Exclusive: North American carmakers want rules of origin in NAFTA left untouched - Mexico lobby

MEXICO CITY The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers' association said on Monday.

May 22 2017

Exclusive: U.S., Japanese firms collaborating on new missile defense radars - sources

TOKYO Raytheon Co and Lockheed Martin Corp are working with Japanese partners on rival projects to develop new radars that will enhance Japan's shield against any North Korean missile strike, government and defense industry sources in Tokyo told Reuters.

Oil prices fall as White House proposes U.S. oil reserve sales

SINGAPORE Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country's strategic oil reserves, even as producer club OPEC and its allies cut output to tighten the market.

12:54am EDT

Volkswagen CEO says enforcing culture change poses challenges

HANOVER, Germany Volkswagen's top executive said some managers are resisting the German carmaker's push for a new era of accountability after its emissions fraud, suggesting it could still take years to establish a new corporate culture.

May 22 2017

Boeing wins $1.09 billion U.S. defense contract: Pentagon

WASHINGTON Boeing Co was awarded a $1.09 billion undefinitized modification to a previously awarded contract for the procurement of Redesigned Kill Vehicle development, the Pentagon said in a statement on Monday.

May 22 2017

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