Markets
Nike shares jump on JP Morgan upgrade
An investor note from JP Morgan sparked a rally in Nike shares on Monday after analysts urged investors to "Just Buy It!"—a play on the brand’s iconic slogan—citing growing confidence in its multiyear recovery plan.
Regulators finalizing rules ahead of 2025 GPDR launch
Financial regulators are moving closer to completing the framework for Global Philippine Depository Receipts (GPDRs), a landmark financial product aimed at enhancing market liquidity and expanding investment options for local and international investors.
Shari’ah-compliant bonds touted as tool for inclusion
The Bangko Sentral ng Pilipinas (BSP), through the Islamic Finance Coordination Forum (IFCF), hosted the “Stakeholders’ Forum on Domestic Sukuk Issuance” to expand access to financing for Muslim-owned enterprises by promoting Sukuk, or Islamic bonds.
8990 Holdings files for voluntary delisting, cites market undervaluation
Mass housing developer 8990 Holdings Inc. has filed for voluntary delisting from the Philippine Stock Exchange (PSE), citing the market’s failure to fully reflect the company’s intrinsic value. This marks the second delisting on the PSE this year, following Keppel Philippines Holdings Inc.
AMD, Nvidia shares up on China sales reboot
Shares of Advanced Micro Devices (AMD) and Nvidia climbed on Tuesday after both companies announced plans to resume sales of their artificial intelligence (AI)...
