Philippines Business News

XMax Announces Up to Approximately US$25 million in AI API-Related Service Contracts and Expansion into GPU-as-a-Service

LOS ANGELES, June 26, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (Nasdaq: XMAX) ("XMax" or the "Company") today announced a significant commercial milestone in its artificial intelligence business, reporting that since launching its AI platform initiative, the Company has executed multiple AI model API service agreements with an aggregate contractual value of up to approximately US$25 million, subject to actual service usage and consumption levels. The executed agreements cover enterprise AI model API s

3 robbery suspects wounded in Bulacan NLEX encounter

Camp Olivas, City of San Fernando, Pampanga – Three suspected members of a robbery group were wounded following an armed encounter with the police during a hot pursuit operation at the southbound toll plaza of North Luzon Expressway, Barangay Turo, Bocaue, Bulacan on June 26, 2026. Bulacan Police Provincial Office (PPO) director Col. Jay Baybayan, in his report to Police Regional Office 3 (PRO-3) director Jess Mendez, identified the wounded suspects as Jonathan Perez, 33 years old, of Mont

Cartesian Growth Corporation IV Announces Closing of $275 Million Initial Public Offering

New York, NY, June 26, 2026 (GLOBE NEWSWIRE) -- Cartesian Growth Corporation IV (the "Company”) announced today the closing of its initial public offering of 27,500,000 units, including 2,500,000 units pursuant to the partial exercise of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, generating total gross proceeds of $275,000,000. The Company’s sponsor is an affiliate of Cartesian Capital Group, LLC, a global private equity firm specializing in providing gr

Appili Therapeutics Reports Fiscal Year 2026 Financial and Operational Results

LIKMEZ® (ATI-1501) commercial momentum building in U.S. market US$40 million NIAID award supporting VXV-01 advancement through Phase 1 HALIFAX, Nova Scotia, June 26, 2026 (GLOBE NEWSWIRE) -- Appili Therapeutics Inc. (TSX:APLI; OTCPink: APLIF) (the "Company” or "Appili”), a biopharmaceutical company focused on drug development for infectious diseases and medical countermeasures, today announced its financial and operational results for the fiscal year ended March 31, 2026 ("FYE 2026”), and provid

21shares Announces Distributions on TETH, TSOL, THYP, TSUI and TDOT

NEW YORK, June 26, 2026 (GLOBE NEWSWIRE) -- 21shares, one of the world’s largest issuers of cryptocurrency exchange traded products (ETPs), today announced the following shareholder distributions for the 21shares Ethereum ETF (TETH), 21shares Solana ETF (TSOL), 21shares Hyperliquid ETF (THYP), 21shares Sui ETF (TSUI), and 21shares Polkadot ETF (TDOT). Distributions consist of staking rewards earned from staked ETH, SOL, HYPE, SUI, and DOT tokens by each fund, respectively. TickerNameDistribution

EAN Congress: Hearing aid use linked to 23% lower dementia risk in people with both epilepsy and hearing loss

GENEVA, June 27, 2026 /PRNewswire/ -- Adults with both epilepsy and hearing loss who use hearing aids may have a 23% lower risk of developing dementia than those who do not, according to new research presented at the European Academy of Neurology (EAN) Congress 2026. Hearing loss is widely recognised as the largest modifiable risk factor for dementia. Yet whether hearing aids can reduce dementia risk remains debated. To explore this, researchers from University Hospital Zurich and the University

Brexit 10 years after: What’s worked and what hasn’t?

PrivacyHawk Launches Enterprise Service to Reduce Shadow Digital Footprint and Third-Party Breach Risk

New product gives organizations full visibility into employees' hidden digital footprint and automates data deletion across thousands of external services LOS ANGELES, June 26, 2026 (GLOBE NEWSWIRE) -- PrivacyHawk, the transparency-first data privacy company, today announced the general availability of PrivacyHawk Enterprise - a first-of-its-kind solution that identifies and eliminates the shadow IT accounts, abandoned SaaS subscriptions, and forgotten third-party services quietly exposing organ

Euro Sun Mining Inc. Announces 2026 AGM Voting Results

TORONTO, June 26, 2026 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) ("Euro Sun” or the "Company”) is pleased to provide the voting results from its 2026 annual general meeting of shareholders in accordance with the policies of the Toronto Stock Exchange. The Company announces that the nominees listed in the management information circular dated May 13, 2026 (the "Circular”) for the 2026 annual general meeting of shareholders of the Company (the "Meeting”) were elected as directors of the

General Shopping Announces Commencement of Exchange Offer

São Paulo, Brazil, June 26, 2026 (GLOBE NEWSWIRE) -- General Shopping e Outlets do Brasil S.A. (the "Company”) (B3: GSHP3) today announces that its subsidiary General Shopping Investments Limited ("GS Investments” or the "Issuer”) has commenced an exchange offer (the "Exchange Offer”) in respect of any and all of its 10%/12% Regulation S Senior Secured PIK Toggle Notes due 2026 (the "Reg S Notes”). Pursuant to the Exchange Offer, the Issuer is offering to Eligible Holders (as defined below) of t

Direxion to Split Nine ETFs

Image inside the text 1 Direxion Image inside the text 2 Direxion Image inside the text 3 Direxion Image inside the text 4 Direxion Image inside the text 5 Direxion New York, United States, June 26, 2026 (GLOBE NEWSWIRE) -- Direxion to Split Nine ETFs New York, United States, June 26th, 2026, NewsDirect Corrected CUSIPs for TECS and SOXS Direxion announced on June 10, 2026 it will execute forward share splits for two of its exchange-traded funds ("ETFs”), as well as reverse share splits for an a

Ionic Digital Completes $400 Million Equity Private Placement

Transaction Bolsters Institutional Investor Base and Provides New Capital for Growth Opportunities WASHINGTON, June 26, 2026 (GLOBE NEWSWIRE) -- Ionic Digital Inc. ("Ionic Digital” or the "Company”), a digital infrastructure company supporting the expanding needs of AI and high-performance computing (HPC), today announced that it has raised a $400 million investment round led by new investors Attestor, Oaktree Capital Management, and Sachem Head Capital Management, with participation from Citade

China’s May industrial profits slow as exports offset weak demand

Premium Income Corporation Announces Semi-Annual Results

TORONTO, June 26, 2026 (GLOBE NEWSWIRE) -- (TSX: PIC.A; PIC.PR.A) Premium Income Corporation (the "Fund”) announces results of operations for the six months ended April 30, 2026. Increase in net assets attributable to holders of Class A shares amounted to $69.8 million or $3.91 per Class A share. Net assets attributable to holders of Class A shares as at April 30, 2026 were $229.4 million or $12.39 per Class A share ($11.26 per Class A share after giving effect to the May 2026 Share Split). Cash

dLocal added to membership of US small-cap Russell 2000® Index

MONTEVIDEO, Uruguay, June 26, 2026 (GLOBE NEWSWIRE) -- DLocal Limited ("dLocal”, "we”, "us”, and "our”) (NASDAQ:DLO), a leading cross-border financial infrastructure platform connecting global merchants to emerging markets, today announced that the Company was added as a member of the US small-cap Russell 2000® Index, effective when the US market opens on June 29 as part of the 2026 Russell indexes reconstitution. Membership in the Russell 2000® Index is based on membership in the broad-market R

McEwen Inc. Announces Voting Results of the 2026 Annual Meeting of Shareholders

TORONTO, June 26, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE: MUX) (TSX: MUX) ("MUX" or the "Company”) announces the results of the MUX Annual Meeting of Shareholders held on June 4, 2026. Shareholders approved the election of the Company’s directors, the ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, and the issuance of the Company’s common stock to Robert R. McEwen. Voting Overview Shares V

Matinas BioPharma Receives Notice of Non-Compliance with NYSE American Continued Listing Standards and Acceptance of Plan to Regain Compliance

BEDMINSTER, N.J., June 26, 2026 (GLOBE NEWSWIRE) -- Matinas BioPharma Holdings, Inc. (the "Company”) (NYSE American: MTNB) announced today that on June 24, 2026, it received a notice (the "Notice”) from the NYSE American LLC (the "NYSE American”) stating that the Company is not in compliance with the NYSE American continued listing standards set forth in Section 1003(a)(ii) of the NYSE American Company Guide (the "Company Guide”) requiring a company to have stockholders’ equity of at least $4.0

S&P affirms U.S. sovereign rating at AA+, maintains stable outlook

How materially could AI shift the economics of new oil developments

‘BSP may raise rates further’

The Bangko Sentral ng Pilipinas (BSP) may still raise interest rates further as it tries to contain inflation without worsening the economy’s slowdown, Monetary Board member Benjamin Diokno said.

Firms see better prospects but consumers remain wary

Businesses turned less pessimistic in May while consumers grew more downbeat in the second quarter, reflecting a split in sentiment as firms pointed to easing cost pressures and stronger demand, but households remained weighed down by inflation fears and concerns over governance.

ICTSI proceeds with 26-year extension for Australian unit

Port giant International Container Terminal Services Inc. (ICTSI) is proceeding with the 26-year extension of its contract to operate and maintain one of the world’s most technologically advanced terminals.

Legitimate public concern

Back in 2019, the Philippine government launched the fuel-marking program (FMP) aimed at combatting oil smuggling into the country.

Monde MY San invests over P5 billion for Pampanga plant

Biscuit manufacturer Monde M.Y. San Corp. is spending over P5 billion for a new plant in Pampanga that is slated to open next year, according to the Philippine Economic Zone Authority (PEZA).