SHANGHAISINGAPORE, June 5 Reuters Chinese quant hedge fund managers are rushing to explore ChatGPTstyle tools, embracing the emerging AI technology that has sparked a global frenzy since the release of the widely popular Microsoftbacked OpenAI chatbot. Quants39; focus on advanced artificial intelligence to aid decisionmaking comes amid a tough investment environment, as China39;s postCOVID recovery wanes and […]

June 5 Reuters Danish drug developer Novo Nordisk said on Monday it had started talks to buy a controlling stake in French medical device designer Biocorp. The Danish company said it had entered into exclusive negotiations with Bio Jag, Biocorp39;s main shareholder, for the purchase of its over 45 stake in the French company at […]

ZURICH, June 5 Reuters UBS said on Monday it expected to complete its takeover of Credit Suisse as early as June 12, creating a giant Swiss bank with a balance sheet of 1.6 trillion following a governmentbacked rescue earlier this year. Completion is subject to the registration statement, which covers shares to be delivered, being declared effective by the […]

ISTANBUL, Reuters Airbus is closing towards a potentially record deal to sell 500 narrowbody A320family jets to India39;s largest carrier IndiGo, industry sources said on Sunday. The European planemaker has emerged as frontrunner for an order eclipsing Air India39;s historic provisional purchase of 470 jets in February, the sources said on the sidelines of an airline industry […]