LATAM News & Analysis
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Market Mood
U.S. General Meets Cuban Military at Guantanamo Bay on Security Issues
On June 28, 2023, U.S. General Francis Donovan, head of U.S. Southern Command, met with senior Cuban military officials at U.S. Naval Station Guantanamo Bay. The discussions focused on operational security, force protection, and the safety of service members. This meeting marks the first of its kind in recent memory, reflecting heightened security concerns in Cuba. Both military commands agreed to maintain communication following the talks, indicating ongoing dialogue between the U.S. and Cuba.
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Nu Holdings Ltd. Reports $15.8B Revenue and $2.9B Net Income in FY25
Nu Holdings Ltd.'s shares traded at $14.02 as of March 26, 2026. The company reported FY25 revenue of $15.8 billion and a net income of $2.9 billion. Nu Holdings serves 131 million customers across Brazil, Mexico, and Colombia, with approximately 113 million in Brazil alone. Its credit portfolio is valued at $32.7 billion, and customer deposits total $41.9 billion. The forward P/E ratio stands at 17.76, indicating potential for growth as the company expands into new markets.
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