SAO PAULO : South American e-commerce giant MercadoLibre Inc on Thursday reported a fourth-quarter net profit of $164.7 million; up from the loss it posted in the same period last year, following a solid performance by its fintech unit.
In particular, its fintech unit saw net revenue growth of 92.7 per cent in local currency to $1.3 billion, supported by the consolidation of its financial services across Latin American countries and growth in loans.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Minerva to keep supplying China with beef despite Brazil export banSAO PAULO : Brazilian meatpacker Minerva SA said on Thursday it will keep meeting Chinese demand for beef despite a self imposed ban of Brazilian exports due to a case of mad cow disease confirmed in the country, which is China's No.1 beef supplier.Minerva said in a securities filing it does not expect th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
'Let's talk,' says Israeli PM Netanyahu, as heat rises on judicial planHis plans would increase the power of politicians to appoint judges and curb the power of Israel's Supreme Court. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Singapore's core inflation rises to 5.5% in January, highest since November 2008SINGAPORE: Singapore's core inflation rose to 5.5 per cent year-on-year in January, the highest since November 2008, official data showed on Thursday (Feb 23). This is slightly higher than what it was late last year from October to December, when it remained at 5.1 per cent for three consecutive months.&nb 'We are back to pre-pandemic level' which GST minister said that? Please resign. In fairness how you expect gov to rein in inflation effectively when SG has next to nothing manufacturing of essential goods. Not surprised..lol
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Stocks struggle to make headway as rate rises loomSINGAPORE : Asian stock markets were pinned near seven-week lows on Thursday while the dollar stood at multi-week peaks, as a run of strong economic data had investors worrying interest rates will need to keep rising and stay high to put the brakes on inflation. MSCI's broadest index of Asia-Pacific sh
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bank of Korea pauses after 1-year run of interest rate risesSEOUL : South Korea's central bank kept interest rates unchanged on Thursday, matching market expectations and ending an uninterrupted one-year run of rises.The Bank of Korea's monetary policy board held its policy interest rate steady at 3.50 per cent, in line with a unanimous expectation by the 42 econo 妹子都說太窮了，沒錢養孩子所以不生孩子了！
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore's core inflation rises to 5.5% in January, highest since November 2008SINGAPORE — Singapore's core inflation rose to 5.5 per cent year-on-year in January, the highest since November 2008, official data showed on Thursday (Feb 23).
Source: TODAYonline - 🏆 1. / 99 Read more »