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Reuters: Business News

Pound sags vs yen after Manchester blast, euro at six-month highs

TOKYO (Reuters) - The pound slipped against the yen after a suspected terrorist attack at a concert in Britain's city of Manchester, while the euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said the currency was "too weak."

Posted: Tue 23rd of May, 2017

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

SINGAPORE (Reuters) - Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country's strategic oil reserves in his budget plan, just as producer club OPEC and its allies are cutting output to tighten the market.

Posted: Tue 23rd of May, 2017

Sterling retreats after Manchester blast, opinion polls, stocks mixed

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

Posted: Tue 23rd of May, 2017

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