Mercado Libre's New York Stock Exchange shares have been rising since 23 March and are on track to cross a $100 billion market valuation, tripling their floor from last year. At the close of trading today, Mercado Libre shares on the New York Stock Exchange were up 3.6% and just under $2,000. All because of the boom in its two primary businesses, e-commerce and digital finance, which it leads with its flagship brand, Mercado Pago.
Day: January 21, 2021
Recession and pandemic mean 1.9 mn fewer jobs than in 2019
The recession, the pandemic and the quarantine hit the labour market very hard, compared to a year ago, there are 1,907,000 fewer jobs nationwide. In the third quarter of last year, there was a year-on-year drop of 9.2%.
YPF: the company’s shares fall by 6.8%
YPF shares fell 6.8% on Wednesday in Buenos Aires and New York. The new drop in the company's shares follows its president's removal, Guillermo Nielsen, and his replacement by the former vice-governor of Santa Cruz, Pablo Gonzalez.
The fiscal deficit was 6.5%, and the financial-fiscal debt was 8.5% in 2020
The National State accounts closed 2020 with a primary deficit of 1 trillion 749,957 million pesos ($20,265.85 bn), equivalent to 6.5% of GDP. The account between what it borrowed and what it repaid showed a financial deficit of 2 trillion, 292,830 million pesos ($26,552.75 bn), equivalent to 8.5% of GDP. Source: Ámbito
EDEN electricity company completed works for $3.8 mn in the north of Buenos Aires
EDEN, the Desa Group company that holds the concession for the electricity distribution service in the north of the Province of Buenos Aires announced the completion of $328 million ($3.8 million) worth of works that will allow the company to improve the quality and availability of the service.
