News of mercado

'Forbes' magazine names Argentina's five-richest billionaires

03-12-2024 16:08 US magazine 'Forbes' has published its traditional survey looking at the 50 most wealthy Argentines –

MercadoLibre posts record Argentina sales amid consumer rebound

09-10-2024 13:27 MercadoLibre says it’s seeing signs of a consumption rebound in Argentina after a difficult start to the year.

BUSINESS & INVESTMENT

Mercado Libre founder vows US$75-million investment as he hosts Milei

05-09-2024 11:41 President Javier Milei received by Mercado Libre founder Marcos Galperin as he visits offices of tech giant; Entrepreneur, who is gripped in a “cartelisation” battle with Argentina’s banks, says US$75-million investment will create 2,300 new jobs at logistics centre.

THE ECONOMY OF SPORT

New F1 driver Colapinto shows off power of Argentina's 'unicorns'

02-09-2024 14:59 Two of Argentina's largest 'unicorns,' Globant and Mercado Libre, are part of the economic structure backing Franco Colpinto, the 21-year-old Williams Racing Formula 1 driver.

by Agustín Colombo

FINANCES & BANKING

Mercado Libre hits back at Argentina's banks for ‘cartel’ tactics

26-08-2024 14:57 Mercado Libre accuses Argentine banks of “illegally concentrating” under one payments platform as an anti-competitive tactic against the company’s fintech arm, Mercado Pago.

ECONOMY

Argentina’s reign of cash tips nears its end amid a fintech boom

10-08-2024 15:31 Tips are finally going digital in Argentina thanks to both a boom in financial technology.

COURT CHALLENGE

Banks accuse MercadoLibre’s fintech arm of ‘abusive conduct’

06-05-2024 19:42 Argentine banks file legal complaint against MercadoLibre for alleged “abusive conduct” on its digital payments platform, ratcheting up more pressure on the company after new Central Bank regulations imposed key changes on the fintech sector.

BUSINESS & INVESTMENT

Mercado Libre to recruit 18,000 more staff in Latin America this year

18-04-2024 16:25 Mercado Libre announced “the hiring of 18,000 people in the region, which will increase its payroll to over 76,000 by the end of 2024”, the company said in a press release.

Public rebuke

Central Bank technical move slammed as ‘attack’ by Mercado Pago

26-09-2023 11:23 Technical measure by Argentina’s Central Bank provokes rare public rebuke by fintech arm of MercadoLibre.

BLOOMBERG

MercadoLibre profit jumps, filling vacuum left by Americanas

03-05-2023 21:45 Latin America’s e-commerce powerhouse MercadoLibre posts better-than-expected profits for the first quarter as firm capitalised on collapse of Brazilian retailer.

Bloomberg

Tech billionaire Galperín bets on growth of rugby in US with Miami team

29-04-2023 08:32 MercadoLibre billionaire Marcos Galperín and a group of Argentine friends and businessmen invest about US$6.5 million to found the Miami Sharks rugby team.

TOP COMPANIES 2023

Mercado Libre heads list of top 25 firms to work for in Argentina

24-04-2023 16:06 According to the ranking prepared by LinkedIn, the top 25 companies to progress your professional career include Mercado Libre, JP Morgan, Chase & Co and Dow.

by Gabriela Maidana