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Wavering risk appetite after Manchester blast weighs on sterling, Asia stocks, lifts yen

SINGAPORE Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak".

Recent Business News

U.S. top court tightens patent suit rules in blow to 'patent trolls'

WASHINGTON The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google.

May 22 2017

In Bombardier fight, Boeing sees ghost of Airbus ascent

PARIS/SEATTLE Two words underpin Boeing's decision to launch a U.S. trade complaint against Bombardier , which plunged it into a row with Canada last week: "Never again".

May 22 2017

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.

2:55am EDT

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