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.
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 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 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, 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.