Foreigners pull money out of EM portfolios after five months of inflows

Foreigners pulled money out of their emerging market portfolios in April on concerns of a tighter monetary policy path in the U.S., with outflows from stocks in India and Indonesia leading the way, data from a banking trade group showed. The Institute of International Finance data showed net non-resident portfolio flows for April came in […]

MercadoLibre’s fintech arm sees credit-card reader boom in Mexico

Latin American e-commerce giant MercadoLibre (NASDAQ:MELI)’s fintech arm, Mercado Pago, has seen adoption of its slim mobile credit-card readers more than double in the past year, gaining on competing options from banks and Clip, an executive said. In Mexico, cash is still king – and as Latin America’s No. 2 economy, it still lags far behind Brazil […]

Stocks making the biggest moves after hours: Vail Resorts, DocuSign, Samsara, Braze and more

Check out the companies making headlines in extended trading: Vail Resorts — The resort operator saw its stock fall more than 5% after posting fiscal third-quarter earnings of $9.54 per share on revenue of $1.28 billion. Those results missed analysts’ expectations of $9.97 in earnings per share on revenue of $1.3 billion, according to LSEG. DocuSign — […]