Chinese quants redouble AI bets amid ChatGPT frenzy
SHANGHAI/SINGAPORE (Reuters) – Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging AI technology that…
Economy
PwC Australia names dozens of staff involved in government tax plan leak
By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia on Monday named at least 67 current and former staff involved…
Take Five: Almost half-time
(Reuters) -The hefty weight of tech megacaps, a suspense-packed OPEC meeting at the weekend and more pain for consumers and…
Russian services activity rises for fourth month running in May -PMI
(Reuters) – Activity across Russia’s services sector expanded in May, spurred by another rise in new business and renewed strength…
Novo Nordisk in talks buy controlling stake in Biocorp
(Reuters) – Danish drug developer Novo Nordisk said on Monday it had started talks to buy a controlling stake in…
Goldman Sachs Asset Management makes $600 million bid for Norway’s Froy
OSLO (Reuters) – Goldman Sachs Asset Management (GSAM) has offered 6.6 billion Norwegian crowns ($598.8 million) in cash to buy…
Morgan Stanley sees ECB ending its rate hike cycle in July at 3.75%
PARIS (Reuters) – U.S. investment bank Morgan Stanley said on Monday that it expected the European Central Bank (ECB) to…
Indonesia inflation eases to central bank target sooner than expected
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s annual inflation rate eased to 4% in May, matching the…
Analysis – Dollar bears bide their time as U.S. economic strength persists
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A strong U.S. economy is giving an unexpected boost to the dollar,…
Countdown to mega merger – how Credit Suisse wobbled and UBS rushed to rescue
ZURICH(Reuters) – UBS Group takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking crisis,…