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Brazil & Southern Cone - March 2025
MercadoLibre defies weak regional economies
Latin America’s largest company is not one of the big Brazilian names like Petrobras or Itaú Unibanco, nor Mexico’s América Móvil. It is online retailer MercadoLibre, at least as measured by market capitalisation. While the region’s economy plods along at around 2%, MercadoLibre boosted its revenue by 38% to US$21bn last year. Net profit in the fourth quarter alone was up by a jaw-dropping 287% to US$640m.
- Introduction
- Argentine government bolsters border security
- Is Milei serious about a trade deal with the US?
- Patagonia reels from forest fire outbreaks
- Orsi straddles growth and welfare objectives
- Copper exports surge as investments pay off
- Gov't seeks regional allies on anti-gang policies
- Gol and Azul merger to strengthen aviation industry
- Violent death rate continues to drop
- MercadoLibre defies weak regional economies
- Economic Highlights