North Star Meat Merchants, Inc. has decided to shelve its planned P4.5 billion initial public offering “due to increased market volatility amidst inflationary concerns.” In a letter to the Philippine Stock Exchange, the firm said the decision to defer the IPO was made in consultation with its Joint
Amazon.com Inc. shares rose on Monday, in the first trading session following a 20-for-1 stock split, the e-commerce company’s first such move in more than two decades. Shares gained 2 percent, easily outperforming the Nasdaq 100 Index, which rose 0.4 percent, though tech stocks gained broadly after China eased Covid…