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Tag: FINANCE

Business

MercadoLibre Surpasses Profit Expectations as Business in Argentina Thrives

May 8, 2025May 8, 2025 - by Marcus Chen - Leave a Comment

MercadoLibre posts stronger-than-expected earnings in Q1 2025, with EPS at $9.74 and revenue at $5.94 billion. The company plans to invest significantly in Brazil and expand its workforce across Latin …

MercadoLibre Surpasses Profit Expectations as Business in Argentina Thrives Read More
Business

Ecopetrol Reports 22% Q1 Profit Decline Amid Geopolitical Strains

May 7, 2025May 7, 2025 - by Liam Nguyen - Leave a Comment

Ecopetrol reported a 22% drop in Q1 profits, with revenue falling short of estimates at $7.32 billion. The decrease is primarily linked to geopolitical tensions impacting oil prices. In response, …

Ecopetrol Reports 22% Q1 Profit Decline Amid Geopolitical Strains Read More
Business

Kayelekera’s $200 Million Comeback: Malawi Invests in Nuclear Energy Revival

May 7, 2025May 7, 2025 - by Allegra Nguyen - Leave a Comment

Malawi is revitalizing its Kayelekera Uranium Mine through a $200M investment from Lotus Resources, aiming to capitalize on the global nuclear energy revival. Scheduled to restart in Q3 2025, the …

Kayelekera’s $200 Million Comeback: Malawi Invests in Nuclear Energy Revival Read More
Business / Companies

Hoxton Wealth Reveals Financial Planning Insights for Expats in Qatar

May 2, 2025May 2, 2025 - by Allegra Nguyen - Leave a Comment

Hoxton Wealth’s event in Doha revealed that over 70% of expats are unsure about tax implications of their assets. Many prioritize wealth accumulation and retirement, yet only 35% have financial …

Hoxton Wealth Reveals Financial Planning Insights for Expats in Qatar Read More
Business

Eni Confirms Major Oil Discovery at Capricornus 1-X Well in Namibia

April 25, 2025April 25, 2025 - by Allegra Nguyen - Leave a Comment

Eni has confirmed an oil discovery at the Capricornus 1-X well in Namibia’s Orange Basin, highlighting a key development in the region’s energy sector. This discovery may enhance Eni’s production …

Eni Confirms Major Oil Discovery at Capricornus 1-X Well in Namibia Read More
Business / economics

South Africa Reverses Planned VAT Increase Amid Political Opposition

April 24, 2025April 24, 2025 - by Liam Nguyen - Leave a Comment

South Africa’s finance ministry has decided not to increase VAT from 15% as planned due to political opposition. This decision will result in a significant revenue shortfall of approximately 75 …

South Africa Reverses Planned VAT Increase Amid Political Opposition Read More
Business / economics

U.S. Signals Economic Support for Argentina Amid Recovery Efforts

April 23, 2025April 23, 2025 - by Liam Nguyen - Leave a Comment

The United States is prepared to extend a credit line to Argentina to support its economic recovery amid global challenges. Treasury Secretary Scott Bessent announced the possible use of the …

U.S. Signals Economic Support for Argentina Amid Recovery Efforts Read More
Business / Companies

Moroccan Bourse Initiates Mauritania’s First Stock Market Establishment

April 19, 2025April 19, 2025 - by Allegra Nguyen - Leave a Comment

The Casablanca stock exchange has signed an agreement with Mauritania’s central bank to establish the country’s first stock market in Nouakchott. This effort is aimed at enhancing Mauritania’s economy, diversifying …

Moroccan Bourse Initiates Mauritania’s First Stock Market Establishment Read More
Business

CAG Report Reveals Critical Lapses in Tanzania’s Infrastructure Sector

April 18, 2025April 18, 2025 - by Sofia Nawab - Leave a Comment

The CAG’s audit report outlines significant shortcomings in Tanzania’s infrastructure, including financial mismanagement, project delays, and inadequate supervision in transportation projects, with an emphasis on the urgent need for regulatory …

CAG Report Reveals Critical Lapses in Tanzania’s Infrastructure Sector Read More
Business

Cosan S.A. Initiates Import of Argentine Gas to Brazil via Bolivia

April 17, 2025April 17, 2025 - by Liam Nguyen - Leave a Comment

Cosan S.A. has begun importing Argentine natural gas into Brazil through Bolivia, which aims to enhance Brazil’s energy security. This initiative seeks to provide stability in Brazil’s energy supply amid …

Cosan S.A. Initiates Import of Argentine Gas to Brazil via Bolivia Read More

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