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Oil prices little changed as Iraq outages clash with tariff worries Jul 17, 2025 10:43PM

SINGAPORE (Reuters) -Oil prices were little changed on Friday after rising in the previous session as concerns drone attacks on northern Iraqi oil fields will cut supply vied with worries of potential demand declines amid uncertainty in U.S. tariff policy.

Brent crude futures eased 4 cents, or 0.06%, to $69.48 a barrel as of 0239 GMT, U.S. West Texas Intermediate crude futures edged down 3 cents, or 0.04%, to $67.51 a barrel.

Four days of... (continue reading...)


Trump's name on 2003 birthday letter to Epstein, Wall Street Journal reports Jul 17, 2025 10:43PM

(Corrects paragraph 14 to say 'after,' not 'before' book was compiled)

(Reuters) -Donald Trump's name appeared on a risque 2003 personal note to Jeffrey Epstein, the Wall Street Journal reported on Thursday. The president responded that the letter was fake.

The Journal reported that the letter was one of several included in a leather-bound album meant to celebrate Epstein's 50th birthday, about three years before sex-abuse allegations... (continue reading...)


Canada eyes Mercosur trade pact to reduce US reliance, minister says Jul 17, 2025 10:11PM

By Promit Mukherjee

OTTAWA (Reuters) -Canada's International Trade Minister said on Thursday that there was interest from both sides to advance trade talks with South American bloc Mercosur, as Ottawa seeks new deals in a push to diversify from the U.S.

Prime Minister Mark Carney and his team have been locked in talks with U.S. President Donald Trump to hash out a trade deal by August 1, which could help reduce tariffs on Canada. 

... (continue reading...)
Citi, Ant International pilot AI-powered FX tool for clients to help cut hedging costs Jul 17, 2025 10:04PM

SINGAPORE (Reuters) -Citigroup and Singapore-based financial technology firm Ant International have launched a pilot program using artificial intelligence to help clients better manage foreign exchange risk, the companies said on Friday.

The program combines Citi's Fixed FX Rates solution, which is widely used by the banks' clients in sectors such as e-commerce, with Ant International's Falcon Time-Series Transformer model, an AI forecasting tool that... (continue reading...)


Asian shares track Wall Street higher, yen weak ahead of Japan vote Jul 17, 2025 10:02PM

By Stella Qiu

SYDNEY (Reuters) -Asian shares tracked Wall Street higher on Friday as still-strong U.S. economic data and robust corporate earnings offset tariff worries, while the yen headed toward a second successive week of loss ahead of Japan's upper house election.

Overnight, the S&P 500 and the Nasdaq again closed at record highs as U.S. data including retail sales and jobless claims beat forecasts, indicating a modest improvement in the... (continue reading...)


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