IBOV 177,632 ▲ 2.83% IPSA 11,032 ▲ 0.06% IPC MEX 66,585 ▲ 0.72% MERVAL 3,273,739 ▲ 2.22% COLCAP 2,294.20 ▲ 0.06% BVL PERÚ 56,194.27 ▲ 1.10% USD/BRL5.11▼ 0.17% USD/MXN17.48▼ 0.38% USD/CLP924.85▼ 0.31% USD/COP3,239▼ 3.11% USD/PEN3.39▼ 0.30% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.11% BRENT 76.10 ▼ 0.26% WTI 71.56 ▼ 0.72% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,108 ▼ 0.54% SILVER 60.03 ▼ 0.58% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.25 ▼ 0.79% PETR4 39.52 ▲ 0.79% VALE3 74.49 ▲ 1.83% ITUB4 44.17 ▲ 3.71% BBDC4 18.78 ▲ 4.33% ABEV3 15.88 ▲ 1.02% BBAS3 20.59 ▲ 2.95% B3SA3 15.45 ▲ 4.46% WEGE3 46.59 ▲ 1.86% PRIO3 55.40 ▼ 0.38% SUZB3 41.44 ▲ 1.00% RENT3 41.11 ▲ 4.34% AZZA3 19.27 ▲ 4.39% CSAN3 4.04 ▲ 4.66% RAIZ4 0.35 ▼ 5.41% PCAR3 2.79 ▲ 1.09% GMAT3 3.96 ▲ 0.76% PSSA3 54.73 ▲ 2.59% CVCB3 1.25 — 0.00% POSI3 4.00 ▲ 3.90% SLCE3 14.05 ▲ 1.89% NATU3 8.56 ▲ 1.18% BRKM5 6.60 ▲ 3.77% RANI3 8.03 ▲ 2.16% CSNA3 5.18 ▲ 7.92% CMIN3 5.11 ▲ 5.80% USIM5 8.44 ▲ 1.08% GGBR4 22.96 ▲ 2.14% ENEV3 27.26 ▲ 4.05% CPFE3 47.65 ▲ 2.94% CMIG4 11.33 ▲ 2.26% EQTL3 40.83 ▲ 3.34% LREN3 14.74 ▲ 4.17% VIVT3 35.57 ▲ 3.10% RAIL3 14.16 ▲ 2.98% KLABIN 17.48 ▲ 0.46% RAIA DROGASIL 18.91 ▲ 4.30% RDOR3 36.07 ▲ 2.62% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.28 ▲ 1.43% UGPA3 30.62 ▲ 1.73% VBBR3 32.81 ▲ 2.21% BBSE3 40.35 ▲ 2.72% BPAC11 58.58 ▲ 5.21% CURY3 34.19 ▲ 4.56% AERI3 2.08 ▲ 0.97% VIVARA 23.52 ▲ 4.16% COMPASS 25.15 ▲ 1.90% VAMOS 3.08 ▲ 4.05% SANB11 27.41 ▲ 4.42% ASAI3 8.87 ▲ 4.85% SBSP3 30.97 ▲ 3.23% WALMEX 49.39 ▲ 0.75% GMEXICO 198.51 ▲ 1.62% FEMSA 223.11 ▲ 0.33% CEMEX 21.87 ▲ 0.74% GFNORTE 187.86 ▲ 1.35% BIMBO 56.00 ▲ 0.13% TELEVISA 9.75 ▲ 2.74% AMX 22.80 ▲ 0.71% GAP 414.63 ▲ 0.22% ASUR 287.03 ▲ 1.21% OMA 236.99 ▼ 0.42% KOF 181.37 ▲ 0.26% GRUMA 283.01 ▲ 0.26% KIMBER 38.19 ▼ 0.65% SQM-B 68,145 ▼ 1.38% COPEC 6,094 ▲ 1.22% BSANTANDER 78.31 ▲ 1.05% FALABELLA 5,898 ▲ 0.81% ENELAM 85.11 ▲ 1.13% CENCOSUD 2,035 ▼ 1.05% CMPC 1,107 ▲ 1.12% BANCO CHILE 188.05 ▲ 0.56% LATAM AIR 26.40 — 0.00% YPF 74,200 ▼ 2.08% GGAL 8,350 ▲ 5.96% PAMPA 5,175 ▼ 0.58% TXAR 669.50 ▲ 0.75% ALUAR 978.00 ▲ 0.98% TGS 9,550 ▲ 2.58% CEPU 2,357 ▲ 1.81% MIRGOR 17,075 ▼ 0.73% COME 45.93 ▲ 1.12% LOMA NEGRA 3,568 ▲ 2.00% BYMA 313.75 ▲ 1.29% TELECOM ARG 4,225 ▲ 2.55% ECOPETROL 15.51 ▲ 0.78% BANCOLOMBIA 83.35 ▲ 2.99% GRUPO AVAL 5.10 ▲ 1.68% CREDICORP 401.62 ▲ 2.48% SOUTHERN COPPER 176.22 ▲ 1.02% BUENAVENTURA 30.12 ▲ 1.93% MERCADOLIBRE 1,877 ▲ 3.80% NUBANK 13.90 ▲ 1.65% XP 17.02 ▲ 3.72% PAGSEGURO 9.31 ▲ 3.39% STONE 11.26 ▲ 2.69% GLOBANT 30.11 ▼ 3.77% TECNOGLASS 44.20 ▲ 2.45% GAP AIRPORT 237.28 ▲ 1.20% ASUR 287.03 ▲ 1.21% OMA AIRPORT 108.28 ▼ 0.05% AMX ADR 25.95 ▲ 0.43% FEMSA ADR 127.63 ▲ 0.50% CEMEX ADR 12.50 ▲ 1.05% PETROBRAS ADR 17.19 ▲ 0.91% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.65 ▲ 4.41% SANTANDER BR 5.41 ▲ 5.16% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.36% GERDAU 4.51 ▲ 2.15% LATAM ADR 57.17 ▲ 0.23% BTC 63,784 ▲ 0.94% ETH 1,785 ▲ 2.35% SOL 77.32 ▼ 0.93% XRP 1.10 ▲ 0.36% BNB 575.30 ▲ 1.20% ADA 0.17 ▼ 0.25% DOGE 0.07 ▲ 1.17% AVAX 6.72 ▲ 0.56% LINK 7.90 ▲ 2.16% DOT 0.87 ▲ 5.44% LTC 44.40 ▲ 1.45% BCH 246.11 ▲ 3.51% TRX 0.33 ▼ 0.54% XLM 0.19 ▲ 2.02% HBAR 0.07 ▼ 0.25% NEAR 1.87 ▼ 2.37% ATOM 1.58 ▲ 2.01% AAVE 95.38 ▲ 4.52% SELIC 14.25% EMBRAER 85.03 ▲ 1.40% EMBRAER ADR 66.49 ▲ 1.44% JBS 11.92 ▲ 1.58% JBS BDR 60.78 ▲ 1.22% MBRF3 15.52 ▲ 0.71% MBRFY 3.03 ▲ 1.00% INTER 5.87 ▲ 2.80% EGX 52,312 ▲ 0.54% USD/ZAR16.30▼ 0.14% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.68▼ 0.43% USD/CNY6.76▼ 0.43% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▼ 0.11% GBP/USD1.34▲ 0.01% SPX 7,571 ▲ 0.36% DJI 52,661 ▲ 0.33% NDX 29,832 ▲ 0.35% RUT 2,982 ▼ 0.34% TSX 35,269 ▲ 0.19% VIX 15.34 ▼ 3.16% USD/CAD1.42▼ 0.13% US10Y 4.5650 ▲ 0.57% IBOV 177,632 ▲ 2.83% IPSA 11,032 ▲ 0.06% IPC MEX 66,585 ▲ 0.72% MERVAL 3,273,739 ▲ 2.22% COLCAP 2,294.20 ▲ 0.06% BVL PERÚ 56,194.27 ▲ 1.10% USD/BRL 5.11 ▼ 0.17% USD/MXN 17.48 ▼ 0.38% USD/CLP 924.85 ▼ 0.31% USD/COP 3,239 ▼ 3.11% USD/PEN 3.39 ▼ 0.30% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.81% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.10% BRENT 76.10 ▼ 0.26% WTI 71.56 ▼ 0.72% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,108 ▼ 0.54% SILVER 60.03 ▼ 0.58% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.25 ▼ 0.79% PETR4 39.52 ▲ 0.79% VALE3 74.49 ▲ 1.83% ITUB4 44.17 ▲ 3.71% BBDC4 18.78 ▲ 4.33% ABEV3 15.88 ▲ 1.02% BBAS3 20.59 ▲ 2.95% B3SA3 15.45 ▲ 4.46% WEGE3 46.59 ▲ 1.86% PRIO3 55.40 ▼ 0.38% SUZB3 41.44 ▲ 1.00% RENT3 41.11 ▲ 4.34% AZZA3 19.27 ▲ 4.39% CSAN3 4.04 ▲ 4.66% RAIZ4 0.35 ▼ 5.41% PCAR3 2.79 ▲ 1.09% GMAT3 3.96 ▲ 0.76% PSSA3 54.73 ▲ 2.59% CVCB3 1.25 — 0.00% POSI3 4.00 ▲ 3.90% SLCE3 14.05 ▲ 1.89% NATU3 8.56 ▲ 1.18% BRKM5 6.60 ▲ 3.77% RANI3 8.03 ▲ 2.16% CSNA3 5.18 ▲ 7.92% CMIN3 5.11 ▲ 5.80% USIM5 8.44 ▲ 1.08% GGBR4 22.96 ▲ 2.14% ENEV3 27.26 ▲ 4.05% CPFE3 47.65 ▲ 2.94% CMIG4 11.33 ▲ 2.26% EQTL3 40.83 ▲ 3.34% LREN3 14.74 ▲ 4.17% VIVT3 35.57 ▲ 3.10% RAIL3 14.16 ▲ 2.98% KLABIN 17.48 ▲ 0.46% RAIA DROGASIL 18.91 ▲ 4.30% RDOR3 36.07 ▲ 2.62% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.28 ▲ 1.43% UGPA3 30.62 ▲ 1.73% VBBR3 32.81 ▲ 2.21% BBSE3 40.35 ▲ 2.72% BPAC11 58.58 ▲ 5.21% CURY3 34.19 ▲ 4.56% AERI3 2.08 ▲ 0.97% VIVARA 23.52 ▲ 4.16% COMPASS 25.15 ▲ 1.90% VAMOS 3.08 ▲ 4.05% SANB11 27.41 ▲ 4.42% ASAI3 8.87 ▲ 4.85% SBSP3 30.97 ▲ 3.23% WALMEX 49.39 ▲ 0.75% GMEXICO 198.51 ▲ 1.62% FEMSA 223.11 ▲ 0.33% CEMEX 21.87 ▲ 0.74% GFNORTE 187.86 ▲ 1.35% BIMBO 56.00 ▲ 0.13% TELEVISA 9.75 ▲ 2.74% AMX 22.80 ▲ 0.71% GAP 414.63 ▲ 0.22% ASUR 287.03 ▲ 1.21% OMA 236.99 ▼ 0.42% KOF 181.37 ▲ 0.26% GRUMA 283.01 ▲ 0.26% KIMBER 38.19 ▼ 0.65% SQM-B 68,145 ▼ 1.38% COPEC 6,094 ▲ 1.22% BSANTANDER 78.31 ▲ 1.05% FALABELLA 5,898 ▲ 0.81% ENELAM 85.11 ▲ 1.13% CENCOSUD 2,035 ▼ 1.05% CMPC 1,107 ▲ 1.12% BANCO CHILE 188.05 ▲ 0.56% LATAM AIR 26.40 — 0.00% YPF 74,200 ▼ 2.08% GGAL 8,350 ▲ 5.96% PAMPA 5,175 ▼ 0.58% TXAR 669.50 ▲ 0.75% ALUAR 978.00 ▲ 0.98% TGS 9,550 ▲ 2.58% CEPU 2,357 ▲ 1.81% MIRGOR 17,075 ▼ 0.73% COME 45.93 ▲ 1.12% LOMA NEGRA 3,568 ▲ 2.00% BYMA 313.75 ▲ 1.29% TELECOM ARG 4,225 ▲ 2.55% ECOPETROL 15.51 ▲ 0.78% BANCOLOMBIA 83.35 ▲ 2.99% GRUPO AVAL 5.10 ▲ 1.68% CREDICORP 401.62 ▲ 2.48% SOUTHERN COPPER 176.22 ▲ 1.02% BUENAVENTURA 30.12 ▲ 1.93% MERCADOLIBRE 1,877 ▲ 3.80% NUBANK 13.90 ▲ 1.65% XP 17.02 ▲ 3.72% PAGSEGURO 9.31 ▲ 3.39% STONE 11.26 ▲ 2.69% GLOBANT 30.11 ▼ 3.77% TECNOGLASS 44.20 ▲ 2.45% GAP AIRPORT 237.28 ▲ 1.20% ASUR 287.03 ▲ 1.21% OMA AIRPORT 108.28 ▼ 0.05% AMX ADR 25.95 ▲ 0.43% FEMSA ADR 127.63 ▲ 0.50% CEMEX ADR 12.50 ▲ 1.05% PETROBRAS ADR 17.19 ▲ 0.91% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.65 ▲ 4.41% SANTANDER BR 5.41 ▲ 5.16% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.36% GERDAU 4.51 ▲ 2.15% LATAM ADR 57.17 ▲ 0.23% BTC 63,784 ▲ 0.94% ETH 1,785 ▲ 2.35% SOL 77.32 ▼ 0.93% XRP 1.10 ▲ 0.36% BNB 575.30 ▲ 1.20% ADA 0.17 ▼ 0.25% DOGE 0.07 ▲ 1.17% AVAX 6.72 ▲ 0.56% LINK 7.90 ▲ 2.16% DOT 0.87 ▲ 5.44% LTC 44.40 ▲ 1.45% BCH 246.11 ▲ 3.51% TRX 0.33 ▼ 0.54% XLM 0.19 ▲ 2.02% HBAR 0.07 ▼ 0.25% NEAR 1.87 ▼ 2.37% ATOM 1.58 ▲ 2.01% AAVE 95.38 ▲ 4.52% SELIC 14.25% EMBRAER 85.03 ▲ 1.40% EMBRAER ADR 66.49 ▲ 1.44% JBS 11.92 ▲ 1.58% JBS BDR 60.78 ▲ 1.22% MBRF3 15.52 ▲ 0.71% MBRFY 3.03 ▲ 1.00% INTER 5.87 ▲ 2.80% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.04% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.70 ▼ 0.40% USD/CNY 6.7638 ▼ 0.41% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1418 ▼ 0.14% GBP/USD 1.3398 ▼ 0.04% SPX 7,571 ▲ 0.36% DJI 52,661 ▲ 0.33% NDX 29,832 ▲ 0.35% RUT 2,982 ▼ 0.34% TSX 35,269 ▲ 0.19% VIX 15.34 ▼ 3.16% USD/CAD 1.4148 ▼ 0.13% US10Y 4.5650 ▲ 0.57%
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Politics - Brazil Rio de Janeiro

Brazil Reacts as Benedict XVI Resigns

By · February 12, 2013 · 3 min read

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By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The announcement of Pope Benedict XVI’s resignation shocked the Catholic world this week, and almost immediately speculation started over who would be his successor. Given Brazil is home to the largest population of the world’s estimated 1.2 billion Catholics, many are asking whether the new Pope could be from Brazil or Latin America. 

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Pope Benedict XVI visiting in São Paulo, Rio de Janeiro, Brazil News
Pope Benedict XVI visiting in São Paulo during 2007, photo by Valter Campanato/ABr.
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Five of Brazil’s nine members of the College of Cardinals are eligible to take part in the conclave. Two of them, Archbishop of São Paulo Odilo Scherer and Archbishop of Brasília João Braz de Aviz, have been touted by Brazilian media as being among the favorites for the papacy, and senior Vatican official Archbishop Gerhard Müller told reporters: “I know a lot of bishops and cardinals from Latin America who could take responsibility for the Church.”

Yet many analysts say the Vatican is not ready for a non-European pope, putting Archbishop of Milan Angelo Scola atop the list of favorites. Others say there is a chance of a non-European getting the job, particularly with growing Catholic populations in China and Africa.

Paulo Fernando Carneiro de Andrade, professor of theology at PUC-Rio, says the choice is complex and will not necessarily take into account the size of countries’ Catholic populations: “The profile sought has more to do with the [candidate’s] ability to bring together the interests of the Curia and thus guarantee the proper functioning of the Catholic Church,” he told BBC Brasil.

Benedict XVI was meant to open World Youth Day 2013 in Rio de Janeiro at the end of July. However, the Archbishop of Rio, Orani Tempesta, has confirmed preparations for the event will continue, meaning the first major overseas trip of the new papacy should be to Brazil. He is hopeful Benedict XVI’s stepping down will allow the Church to “rejuvenate” itself.

Benedict XVI meets President Lula on his trip to Brazil in 2007, Brazil News
Benedict XVI met President Lula on his 2007 trip to Brazil, where Catholic congregations are falling, photo by Fabio Pozzebom/ABr.

Estimates from 2010 census suggest that Brazil is almost 65 percent Catholic, and 22 percent Protestant. The statistics indicate the Catholic Church become less prominent in recent years, partly due to a concerted recruitment drive by evangelical churches, but also because opinions, particularly among younger Brazilians, have been increasingly at odds with those expressed by both the Catholic Church.

On Benedict XVI’s trip to Brazil in 2007, he called Catholics to stem the mass conversion to Protestantism and of reinvigorating Brazil’s connection to Catholicism.

Regular Opinion writer for The Rio Times Michael Royster says the Catholic Church’s hard line on women, homosexuality and birth control has not rung true with many Brazilians, and the fact that Protestant churches allow women in their ranks and have married clergy has encouraged conversion.

Maria Ruzia Guimarães, a life-long Catholic and religious festival organizer from Natal, tells The Rio Times that although she believes Benedict XVI’s decision to step down was courageous, Brazilians found it difficult to relate to the outgoing pontiff: “He was too traditional and didn’t fit into our new world, for example by embracing gay marriage and science. I hope the new pope will find a way to connect with younger people: being more liberal would help.”

British expatriate in Rio, Jeremy Lovelace, is the Director of Alpha Brasil – a ten week introduction to Christianity designed for non-church goers – and told The Rio Times: “It was sad to learn this morning of Pope Benedict’s declaration, but we look forward to continuing our work with the Catholic Church and offer up our prayers for them during this time of transition.”

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