HKG:0857.HK 20 October 2025

PetroChina Stock Jumps on Oil Boom, Dividend Windfall & Stablecoin Ambitions

PetroChina’s Hong Kong shares jumped over 4% to HK$7.65 on October 20, nearing a 52-week high. The company reported a record 2024 net profit of ¥164.7 billion and raised its final dividend. PetroChina added 1.15 billion barrels of shale oil reserves and proposed a ¥40 billion gas storage acquisition. Management plans to pilot stablecoin-based cross-border settlements for oil and gas trades.

20 October 2025

Cryptocurrency·Dividends·HKG:0857.HK·Oil Industry

Boston's Merlin Becomes First Tech Company of 2024 to List on Nasdaq via SPAC
March 20, 2026, 4:44 PM EDT. Merlin, a Boston-based autonomous aviation startup, went public on Nasdaq on St. Patrick's Day through a special purpose acquisition company (SPAC) merger with Inflection Point. Shares closed Monday at $9.03 under ticker MRLN. The company, which develops technology for reduced-pilot and pilotless flight, recently secured a $105 million U.S. defense contract involving Lockheed Martin's C-130J airlifter. With roughly $200 million in proceeds from the SPAC deal, Merlin plans to double its 200-person workforce and relocate to larger Boston-area facilities. Founder Matt George called the NASDAQ debut a significant milestone for the company and Boston's tech sector.