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Mercadolibre

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MercadoLibre changes leadership of fintech business in main market Brazil

MercadoLibre changes leadership of fintech business in main market Brazil SAO PAULO, March 1 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O said on Friday Andre Chaves, the firm's current senior vice president of strategy and corporate development, will lead its fintech business in Brazil starting this month. MercadoLibre, which generates more than half of its revenue in Brazil, operates a marketplace and a digital bank called Mercado Pago in Latin America.
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Latin American FX, stocks set for weekly losses as commodities stall

EMERGING MARKETS-Latin American FX, stocks set for weekly losses as commodities stall Brazil's Vale advances after Q4 results Mexico's Femsa falls after Q4 profit drop Stocks down 1.3%, FX eases 0.6% Updated at 3pm ET/2000 GMT By Shashwat Chauhan and Lisa Pauline Mattackal Feb 23 (Reuters) - Most stock indexes and currencies in Latin America dropped on Friday as declines in oil and metals prices weighed on the resource-rich region, capping a choppy week of trading that has seen it broadly lag gl
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MercadoLibre's market cap sheds $9 bln after flat fourth quarter

BUZZ-MercadoLibre's market cap sheds $9 bln after flat fourth quarter Feb 23 (Reuters) - ** Shares in Latin American e-commerce giant MercadoLibre MELI.O tumble around 10% after the fourth quarter saw core earnings miss market forecasts, stripping its market value of over $9 billion ** MercadoLibre's shares are on track for their worst day in nearly two years, with prices falling to as low as $1,577 and its market value sliding to around $83 billion as trading volumes more than quadruple their m
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EST

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EST Nasdaq 100 .NDX Top Performers Percent Change Palo Alto Networks Inc PANW.OQ +4.2% Zscaler Inc ZS.OQ +3.9% AstraZeneca PLC AZN.OQ +2.5% Adobe Inc ADBE.OQ +2.3% Amgen Inc AMGN.OQ +2.0% Bottom Performers Percent Change Warner Bros Discovery Inc WBD.OQ -10.9% MercadoLibre Inc MELI.OQ -9.7% Booking Holdings Inc BKNG.OQ -9.6% Advanced Micro Devices Inc AMD.OQ -3.0% Moderna Inc MRNA.OQ -2.5% The Nasdaq 100 .NDX lost 15.14 points, o
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MercadoLibre Inc reports results for the quarter ended in December - Earnings Summary

MercadoLibre Inc reports results for the quarter ended in December - Earnings Summary MercadoLibre Inc MELI.OQ reported quarterly adjusted earnings of $3.25​​ per share for the quarter ended in December, identical to the same quarter last year. The mean expectation of ten analysts for the quarter was for earnings of $7.08 per share. Wall Street expected results to range from $5.55 to $8.34 per share.
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