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Citi, Ant International pilot AI-powered FX tool for clients to help cut hedging costs

Citi, Ant International pilot AI-powered FX tool for clients to help cut hedging costs

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 Falc ...

2025-07-18 16:58:30
Coke’s shift to cane sugar would be expensive, hurt US farmers

Coke’s shift to cane sugar would be expensive, hurt US farmers

By Marcelo Teixeira, Karl Plume and Renee Hickman NEW YORK (Reuters) -A possible move by Coca-Cola (NYSE:KO) , and other beverage and food industries, to use cane sugar instead of corn syrup as a sweetener would be difficult and expensive to implement, while mostly negative for farmers in the United States. U.S. President Donald Trump said on Wednesday that Coca-Cola had agreed to use cane sugar i ...

2025-07-18 16:55:04
TSMC Taipei shares rise on strong Q2 earnings, robust guidance

TSMC Taipei shares rise on strong Q2 earnings, robust guidance

Investing.com-- Shares of Taiwan Semiconductor Manufacturing Co (TSMC) (TW:2330) rose on Friday following a robust second-quarter earnings report, underpinned by surging demand for artificial intelligence chips and an upgraded revenue outlook. TSMC on Thursday posted a record quarterly net profit of T$398.3 billion ($13.53 billion) for the April–June period, a 60.7% year-on-year increase and exc ...

2025-07-18 16:51:52
CBS cancels Stephen Colbert’s late-night show, calling decision financial

CBS cancels Stephen Colbert’s late-night show, calling decision financial

By Lisa Richwine LOS ANGELES (Reuters) -"The Late Show with Stephen Colbert," the most-watched late-night program on U.S. broadcast television and a frequent platform of satire aimed at President Donald Trump, will end its 10-year run on CBS in May 2026, the network said on Thursday. The show will be retired and Colbert will not be replaced. New episodes will air until the end of the broadcast TV ...

2025-07-18 16:48:50