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15.08.25 - 16:23
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Brazilian digital lender Nubank posts 42% net profit boost in second quarter (Reuters EN)
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Nu Holdings, which runs Brazilian digital lender Nubank, posted on Thursday a 42% increase in its net profit from a year earlier on a foreign exchange-neutral basis, causing its shares to jump more than 8% in after-hours trading. The firm, which has nearly 123 million clients across Brazil - its main market - Colombia and Mexico, posted a $637 million second-quarter net profit for the April to June period. Revenue stood at $3.7 billion, up 40% year-on-year. Chief Financial Officer Guilherme Lago told Reuters the profit increase was driven by operational leverage and revenue growth, but said the factors behind that growth are starting to change...
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11.08.25 - 20:30
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Brazil′s Haddad: Meeting with Bessent Canceled (Bloomberg)
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Brazil Finance Minister Fernando Haddad said in a local television interview that the meeting with US Treasury Secretary Scott Bessent was canceled and hasn't been rescheduled. StoneX Financial Chief Market Strategist Kathryn Rooney Vera discusses how this changes the outlook for Brazil if a trade deal is long in the coming with Scarlet Fu on “Bloomberg Markets.” (Source: Bloomberg)...
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