Markets
Petron bonds listed on PDEX, investor confidence underscored
Petron Corp. on Monday listed on the Philippine Dealing and Exchange Corp. (PDEX) its fixed-rate bond that raised P32 billion amid oversubscription, which underscored investor confidence on the Philippines’ largest oil company.
PSE pushes retail investing to combat gambling trend
The Philippine Stock Exchange (PSE) is ramping up efforts to attract more retail investors to the local stock market as it faces the challenge of competing with the growing popularity of online gambling and non-essential spending.
Hotel101 Global debuts on Nasdaq July 1
DoubleDragon Corp.—the brainchild of Jollibee’s Tony Tan Caktiong and Mang Inasal pioneer Injap Sia—said Tuesday that its subsidiary, Hotel101 Global, will begin trading on the Nasdaq under the ticker symbol “HBNB” starting July 1 (evening Manila time).
HPE, Juniper shares surge as merger gains DOJ clearance
Shares of Hewlett Packard Enterprise Co. and Juniper Networks Inc. surged Monday after the tech companies reached a settlement with the U.S. Department of Justice on their proposed USD14 billion merger, under a settlement that addresses competition concerns.
Nike shares soar despite Q4 earnings fall
Shares of Nike Inc. surged 15 percent on Friday, as investors embraced the company's upbeat outlook and strategic “Win Now” plan, despite a steep drop in both quarterly and full-year earnings for the period ending May 31.
