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Azure’s Actionable Belief In The Maritime Industry (Money FM)

Jun 6, 2024

On Market View today: Nvidia crosses US$3 trillion market cap; Antitrust investigations into Microsoft, OpenAI, Nvidia; ADP private payrolls May report; OUE Reit Treasury’s prices S$250m green notes; UG Healthcare acquires 50% in glove distributor UG Nitrex; Jasper Investments’ new strategic investors; Oxley seeks private credit loan of up to US$120m; China’s national chip fund reportedly should raise over US$47.5b Singapore equities started the morning on a strong footing, tracking global gains overnight. In early trade, the Straits Times Index (STI) moved 0.3 per cent higher at 3,341.31 points after 45.8 million securities changed hands in the broader market. In terms of companies to watch, we have OUE Real Estate Investment Trust, after its wholly owned subsidiary, OUE Reit Treasury, priced its offering of S$250 million of green notes. Elsewhere, from more on UG Healthcare and Oxley seeking up to US$120 million in a private credit loan, more local headlines in focus. Also on deck – how the US Justice Department and the Federal Trade Commission have reportedly reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry.