Funds saw substantial capital influx in the week to Christmas Day, recovering from a prior-week sell-off buoyed by a cooler inflation report, a stopgap bill averting a government shutdown and a so-called "Santa Claus" surge.
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PHOTO: VLAD LAZARENKO
US equity funds receive big inflows on funding bill and holiday rally
Funds saw substantial capital influx in the week to Christmas Day, recovering from a prior-week sell-off buoyed by a cooler inflation report, a stopgap bill averting a government shutdown and a so-called "Santa Claus" surge. Read here
Global funds rebound on US inflation relief news
Funds worldwide experienced notable investment gains driven by encouraging inflation data and reassurance from Washington's avoidance of a government shutdown, boosting confidence.Read here
PHOTO: PIXABAY
OpenAI unveils more evolved reasoning model
The California-based artificial intelligence pioneer is preparing to launch a new model capable of more advanced human-like inference, ratcheting up the competition with rivals such as Google.Read here
Southeast Asia’s $60B AI boom leaving out startups
The region is fast emerging as an investment hot spot for AI leaders like Nvidia and Microsoft, but its own young tech companies are failing to capitalize on the surge. Read here
Japan’s Nidec makes $1.6B unsolicited bid for Makino
The Kyoto-based maker of precision and automotive motors is offering to take over the machine tool builder, initiating a rare takeover of a Japanese company. Read here
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