IBOV 175,699.79 ▼ 0.53% IPSA 11,036.77 ▲ 0.11% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.09% USD/MXN17.39▼ 0.20% USD/CLP924.33▼ 0.24% USD/COP3,234▼ 0.06% USD/PEN3.38▼ 0.21% USD/ARS1,473▲ 0.17% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.27▼ 0.05% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.72▲ 0.14% USD/TTD6.76▲ 1.32% EUR/BRL5.81▼ 0.80% BRENT 83.79 ▼ 1.11% WTI 78.84 ▼ 0.63% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,065 ▲ 0.11% SILVER 58.38 ▼ 0.68% SOY 1,202 ▼ 0.41% CORN 468.25 ▲ 7.95% WHEAT 676.25 ▲ 7.13% COFFEE 335.05 ▼ 0.64% SUGAR 14.77 ▼ 0.74% ORANGE JUICE 136.75 ▼ 2.50% COTTON 81.20 ▲ 2.01% COCOA 5,825 ▲ 2.92% BEEF 227.03 ▼ 1.90% CATTLE 350.53 ▲ 0.49% LITHIUM 70.93 ▲ 0.98% PETR4 40.54 ▼ 0.30% VALE3 74.14 ▲ 0.18% ITUB4 43.35 ▼ 0.64% BBDC4 18.56 ▼ 0.38% ABEV3 15.71 ▼ 0.63% BBAS3 20.59 — 0.00% B3SA3 15.69 ▲ 2.35% WEGE3 43.65 ▼ 1.24% PRIO3 57.34 ▼ 0.40% SUZB3 41.79 ▲ 1.65% RENT3 40.59 ▲ 0.12% AZZA3 18.77 ▼ 0.42% CSAN3 3.85 ▼ 1.03% RAIZ4 0.31 — 0.00% PCAR3 2.29 ▼ 6.53% GMAT3 3.98 ▲ 0.51% PSSA3 54.80 ▲ 0.94% CVCB3 1.36 ▼ 1.45% POSI3 3.93 ▼ 1.50% SLCE3 13.67 ▼ 1.01% NATU3 8.54 ▼ 0.12% BRKM5 6.43 ▼ 5.86% RANI3 8.05 ▲ 0.50% CSNA3 5.08 ▼ 2.31% CMIN3 5.03 ▼ 1.37% USIM5 8.04 ▼ 2.31% GGBR4 23.65 ▲ 1.42% ENEV3 27.02 ▼ 0.55% CPFE3 47.15 ▼ 0.11% CMIG4 11.16 ▼ 0.36% EQTL3 40.78 ▼ 0.42% LREN3 14.15 ▼ 0.98% VIVT3 35.61 ▲ 0.25% RAIL3 14.06 ▼ 0.50% KLABIN 17.51 ▲ 1.10% RAIA DROGASIL 18.66 ▲ 0.32% RDOR3 36.32 ▲ 0.75% HAPV3 10.97 ▼ 1.97% FLRY3 16.61 ▲ 1.22% SMTO3 15.68 ▼ 2.73% UGPA3 30.59 ▲ 1.59% VBBR3 33.52 ▲ 0.66% BBSE3 40.65 ▲ 0.64% BPAC11 57.42 ▼ 0.91% CURY3 33.41 ▼ 0.54% AERI3 2.04 ▼ 1.45% VIVARA 23.34 ▼ 0.38% COMPASS 25.18 ▼ 0.08% VAMOS 3.09 ▼ 1.90% SANB11 27.18 ▼ 0.59% ASAI3 8.73 ▲ 0.81% SBSP3 30.23 ▼ 0.36% WALMEX 50.06 ▲ 1.60% GMEXICO 200.79 ▲ 0.62% FEMSA 227.78 ▼ 0.67% CEMEX 22.58 ▲ 1.71% GFNORTE 185.18 ▼ 0.54% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.85 — 0.00% GAP 392.35 ▼ 0.74% ASUR 281.51 ▲ 2.14% OMA 236.33 ▲ 0.56% KOF 179.13 ▼ 0.42% GRUMA 279.05 ▼ 0.13% KIMBER 38.99 ▲ 1.43% SQM-B 66,900 ▼ 1.47% COPEC 6,243 ▲ 0.52% BSANTANDER 77.95 ▼ 0.88% FALABELLA 5,848 ▼ 0.45% ENELAM 85.74 ▼ 0.01% CENCOSUD 2,043 ▲ 0.15% CMPC 1,106 ▲ 0.25% BANCO CHILE 187.56 ▼ 1.02% LATAM AIR 25.08 ▲ 0.72% YPF 77,350 ▼ 0.55% GGAL 7,970 ▲ 0.76% PAMPA 5,185 ▼ 0.86% TXAR 665.00 ▲ 0.45% ALUAR 945.50 ▼ 0.37% TGS 9,760 ▲ 0.51% CEPU 2,324 ▼ 0.13% MIRGOR 16,475 ▼ 1.64% COME 45.50 ▼ 0.55% LOMA NEGRA 3,578 ▲ 1.27% BYMA 303.25 ▲ 0.75% TELECOM ARG 4,318 ▼ 0.35% ECOPETROL 16.02 ▼ 0.87% BANCOLOMBIA 81.88 ▼ 0.27% GRUPO AVAL 4.97 ▲ 0.40% CREDICORP 397.49 ▲ 1.34% SOUTHERN COPPER 179.78 ▼ 1.43% BUENAVENTURA 30.29 ▼ 2.38% MERCADOLIBRE 1,833 ▼ 2.20% NUBANK 13.95 ▼ 0.32% XP 17.00 ▲ 0.74% PAGSEGURO 9.26 ▼ 0.22% STONE 11.27 ▼ 0.27% GLOBANT 32.37 ▲ 4.69% TECNOGLASS 45.21 ▲ 2.20% GAP AIRPORT 226.18 ▲ 0.10% ASUR 281.51 ▲ 2.14% OMA AIRPORT 108.80 ▲ 1.08% AMX ADR 26.23 ▲ 0.17% FEMSA ADR 130.78 ▼ 1.79% CEMEX ADR 13.06 ▲ 2.03% PETROBRAS ADR 17.82 ▼ 0.56% VALE ADR 14.57 ▼ 0.17% ITAU ADR 8.52 ▼ 0.35% SANTANDER BR 5.39 ▼ 0.09% AMBEV ADR 3.06 ▼ 0.97% CSN 1.01 ▼ 1.94% GERDAU 4.68 ▲ 1.49% LATAM ADR 54.53 ▲ 1.90% BTC 65,348 ▲ 0.60% ETH 1,929 ▲ 2.08% SOL 77.87 ▲ 0.14% XRP 1.12 ▲ 1.05% BNB 580.32 ▼ 0.25% ADA 0.17 ▲ 0.35% DOGE 0.07 — 0.00% AVAX 6.70 ▲ 0.04% LINK 8.56 ▲ 2.58% DOT 0.86 ▲ 0.50% LTC 45.53 ▲ 0.21% BCH 234.00 ▼ 1.05% TRX 0.33 ▲ 0.48% XLM 0.19 ▲ 1.53% HBAR 0.07 ▲ 1.27% NEAR 2.07 ▲ 2.93% ATOM 1.57 ▲ 0.45% AAVE 96.49 ▼ 2.42% SELIC 14.25% EMBRAER 82.31 ▼ 0.22% EMBRAER ADR 64.74 ▼ 0.26% JBS 12.08 ▲ 2.07% JBS BDR 61.18 ▲ 2.39% MBRF3 15.65 ▼ 2.73% MBRFY 3.06 ▼ 2.55% INTER 5.64 ▼ 1.05% EGX 52,558 ▲ 0.50% USD/ZAR16.33▼ 0.27% USD/NGN1,379▼ 0.25% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY162.17▼ 0.05% USD/CNY6.76▼ 0.19% DAX 25,013 ▼ 0.53% CAC 8,384 ▲ 0.20% FTSE 10,525 ▼ 0.04% MIB 52,430 ▼ 0.82% IBEX 19,269 ▼ 0.45% STOXX 642.72 ▲ 0.10% EUR/USD1.14▲ 0.17% GBP/USD1.35▲ 0.97% SPX 7,560 ▲ 0.22% DJI 52,710 ▲ 0.38% NDX 29,435 ▼ 0.51% RUT 2,981 ▲ 0.54% TSX 35,421 ▲ 0.28% VIX 16.24 ▼ 1.58% USD/CAD1.41▼ 0.02% US10Y 4.5610 ▼ 0.52% IBOV 175,699.79 ▼ 0.53% IPSA 11,036.77 ▲ 0.11% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▲ 0.15% USD/MXN 17.39 ▼ 0.20% USD/CLP 923.94 ▼ 0.28% USD/COP 3,235 ▼ 0.03% USD/PEN 3.38 ▼ 0.22% USD/ARS 1,473 ▲ 0.17% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.27 ▼ 0.05% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.72 ▲ 0.14% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.81 ▼ 0.80% BRENT 83.79 ▼ 1.11% WTI 78.84 ▼ 0.63% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,065 ▲ 0.11% SILVER 58.38 ▼ 0.68% SOY 1,202 ▼ 0.41% CORN 468.25 ▲ 7.95% WHEAT 676.25 ▲ 7.13% COFFEE 335.05 ▼ 0.64% SUGAR 14.77 ▼ 0.74% ORANGE JUICE 136.75 ▼ 2.50% COTTON 81.20 ▲ 2.01% COCOA 5,825 ▲ 2.92% BEEF 227.03 ▼ 1.90% CATTLE 350.53 ▲ 0.49% LITHIUM 70.93 ▲ 0.98% PETR4 40.54 ▼ 0.30% VALE3 74.14 ▲ 0.18% ITUB4 43.35 ▼ 0.64% BBDC4 18.56 ▼ 0.38% ABEV3 15.71 ▼ 0.63% BBAS3 20.59 — 0.00% B3SA3 15.69 ▲ 2.35% WEGE3 43.65 ▼ 1.24% PRIO3 57.34 ▼ 0.40% SUZB3 41.79 ▲ 1.65% RENT3 40.59 ▲ 0.12% AZZA3 18.77 ▼ 0.42% CSAN3 3.85 ▼ 1.03% RAIZ4 0.31 — 0.00% PCAR3 2.29 ▼ 6.53% GMAT3 3.98 ▲ 0.51% PSSA3 54.80 ▲ 0.94% CVCB3 1.36 ▼ 1.45% POSI3 3.93 ▼ 1.50% SLCE3 13.67 ▼ 1.01% NATU3 8.54 ▼ 0.12% BRKM5 6.43 ▼ 5.86% RANI3 8.05 ▲ 0.50% CSNA3 5.08 ▼ 2.31% CMIN3 5.03 ▼ 1.37% USIM5 8.04 ▼ 2.31% GGBR4 23.65 ▲ 1.42% ENEV3 27.02 ▼ 0.55% CPFE3 47.15 ▼ 0.11% CMIG4 11.16 ▼ 0.36% EQTL3 40.78 ▼ 0.42% LREN3 14.15 ▼ 0.98% VIVT3 35.61 ▲ 0.25% RAIL3 14.06 ▼ 0.50% KLABIN 17.51 ▲ 1.10% RAIA DROGASIL 18.66 ▲ 0.32% RDOR3 36.32 ▲ 0.75% HAPV3 10.97 ▼ 1.97% FLRY3 16.61 ▲ 1.22% SMTO3 15.68 ▼ 2.73% UGPA3 30.59 ▲ 1.59% VBBR3 33.52 ▲ 0.66% BBSE3 40.65 ▲ 0.64% BPAC11 57.42 ▼ 0.91% CURY3 33.41 ▼ 0.54% AERI3 2.04 ▼ 1.45% VIVARA 23.34 ▼ 0.38% COMPASS 25.18 ▼ 0.08% VAMOS 3.09 ▼ 1.90% SANB11 27.18 ▼ 0.59% ASAI3 8.73 ▲ 0.81% SBSP3 30.23 ▼ 0.36% WALMEX 50.06 ▲ 1.60% GMEXICO 200.79 ▲ 0.62% FEMSA 227.78 ▼ 0.67% CEMEX 22.58 ▲ 1.71% GFNORTE 185.18 ▼ 0.54% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.85 — 0.00% GAP 392.35 ▼ 0.74% ASUR 281.51 ▲ 2.14% OMA 236.33 ▲ 0.56% KOF 179.13 ▼ 0.42% GRUMA 279.05 ▼ 0.13% KIMBER 38.99 ▲ 1.43% SQM-B 66,900 ▼ 1.47% COPEC 6,243 ▲ 0.52% BSANTANDER 77.95 ▼ 0.88% FALABELLA 5,848 ▼ 0.45% ENELAM 85.74 ▼ 0.01% CENCOSUD 2,043 ▲ 0.15% CMPC 1,106 ▲ 0.25% BANCO CHILE 187.56 ▼ 1.02% LATAM AIR 25.08 ▲ 0.72% YPF 77,350 ▼ 0.55% GGAL 7,970 ▲ 0.76% PAMPA 5,185 ▼ 0.86% TXAR 665.00 ▲ 0.45% ALUAR 945.50 ▼ 0.37% TGS 9,760 ▲ 0.51% CEPU 2,324 ▼ 0.13% MIRGOR 16,475 ▼ 1.64% COME 45.50 ▼ 0.55% LOMA NEGRA 3,578 ▲ 1.27% BYMA 303.25 ▲ 0.75% TELECOM ARG 4,318 ▼ 0.35% ECOPETROL 16.02 ▼ 0.87% BANCOLOMBIA 81.88 ▼ 0.27% GRUPO AVAL 4.97 ▲ 0.40% CREDICORP 397.49 ▲ 1.34% SOUTHERN COPPER 179.78 ▼ 1.43% BUENAVENTURA 30.29 ▼ 2.38% MERCADOLIBRE 1,833 ▼ 2.20% NUBANK 13.95 ▼ 0.32% XP 17.00 ▲ 0.74% PAGSEGURO 9.26 ▼ 0.22% STONE 11.27 ▼ 0.27% GLOBANT 32.37 ▲ 4.69% TECNOGLASS 45.21 ▲ 2.20% GAP AIRPORT 226.18 ▲ 0.10% ASUR 281.51 ▲ 2.14% OMA AIRPORT 108.80 ▲ 1.08% AMX ADR 26.23 ▲ 0.17% FEMSA ADR 130.78 ▼ 1.79% CEMEX ADR 13.06 ▲ 2.03% PETROBRAS ADR 17.82 ▼ 0.56% VALE ADR 14.57 ▼ 0.17% ITAU ADR 8.52 ▼ 0.35% SANTANDER BR 5.39 ▼ 0.09% AMBEV ADR 3.06 ▼ 0.97% CSN 1.01 ▼ 1.94% GERDAU 4.68 ▲ 1.49% LATAM ADR 54.53 ▲ 1.90% BTC 65,348 ▲ 0.60% ETH 1,929 ▲ 2.08% SOL 77.87 ▲ 0.14% XRP 1.12 ▲ 1.05% BNB 580.32 ▼ 0.25% ADA 0.17 ▲ 0.35% DOGE 0.07 — 0.00% AVAX 6.70 ▲ 0.04% LINK 8.56 ▲ 2.58% DOT 0.86 ▲ 0.50% LTC 45.53 ▲ 0.21% BCH 234.00 ▼ 1.05% TRX 0.33 ▲ 0.48% XLM 0.19 ▲ 1.53% HBAR 0.07 ▲ 1.27% NEAR 2.07 ▲ 2.93% ATOM 1.57 ▲ 0.45% AAVE 96.49 ▼ 2.42% SELIC 14.25% EMBRAER 82.31 ▼ 0.22% EMBRAER ADR 64.74 ▼ 0.26% JBS 12.08 ▲ 2.07% JBS BDR 61.18 ▲ 2.39% MBRF3 15.65 ▼ 2.73% MBRFY 3.06 ▼ 2.55% INTER 5.64 ▼ 1.05% EGX 52,558 ▲ 0.50% USD/ZAR 16.32 ▼ 0.11% USD/NGN 1,379 ▼ 0.14% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY 162.14 ▼ 0.03% USD/CNY 6.7677 ▲ 0.08% DAX 25,013 ▼ 0.53% CAC 8,384 ▲ 0.20% FTSE 10,525 ▼ 0.04% MIB 52,430 ▼ 0.82% IBEX 19,269 ▼ 0.45% STOXX 642.72 ▲ 0.10% EUR/USD 1.1440 ▲ 0.13% GBP/USD 1.3479 ▲ 0.69% SPX 7,560 ▲ 0.22% DJI 52,710 ▲ 0.38% NDX 29,435 ▼ 0.51% RUT 2,981 ▲ 0.54% TSX 35,421 ▲ 0.28% VIX 16.24 ▼ 1.58% USD/CAD 1.4052 ▼ 0.06% US10Y 4.5610 ▼ 0.52%
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Latin America Politics - Brazil

Brazil Reacts to Death of Chávez: Daily

By · March 7, 2013 · 3 min read

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By Anna Kaiser, Contributing Reporter

RIO DE JANEIRO, BRAZIL – President Dilma Rousseff announced that Brazilian flags will fly at half-mast for three days to mourn the death of Venezuelan President Hugo Chávez, who lost his two year long battle with cancer Tuesday afternoon in Caracas. Chávez held rule in the Latin American petroleum-producing power for over fourteen years and maintained a favorable relationship with the Brazilian government as a part of his goal to unify and empower Latin America.

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Presidents Dilma Rousseff and Hugo Chávez in Brasília, Brazil News
Presidents Dilma Rousseff and Hugo Chávez in Brasília to formalize Venezuela’s entrance to Mercosur, photo by Wilson Dias/ABr.
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President Rousseff stated: “His death is a sad day for all Latin and Central Americans. Chávez was, with out a doubt, a leader committed to his country and to the development of the people of Latin America.”

She diplomatically continued, “On many occasions, the Brazilian government did not agree with Chávez, but today, as always, we recognize him as a great leader, an irreparable loss, and above all, a friend of Brazil and of the Brazilian people.”

Brazilian analysts seem assured that Brazil’s prosperous relationship with Venezuela will continue. President of the Federation of Industries of São Paulo (Fiesp), Rubens Barbosa, told Globo TV that “the relationship between Brazil and Venezuela should continue as before.”

He continued, “Commercial relations between the two countries will likely not alter.” He further explained that the change “will translate to be more rationality when it comes to commercial economic discourse.”

Nicolás Maduro, Chávez’s Vice President and chosen successor, is currently the interim president until the election. If he prevails as Venezuela’s next president, Rafael Araújo, a historian at the Federal University of Rio de Janeiro, told O Globo that the good relationship between Brazil and Venezuela will be maintained, but now “without Chávez and his radical discourse.”

However, the election of the opposition could represent a stark change from the hard-Left that has ruled the country since 1999. The leader of the center-Right opposition party, Henrique Capriles, is vying for the executive power by criticizing Chávez’s corrupt and authoritarian tendencies and citing his fiscal irresponsibility as the cause for the country’s incredibly high inflation rates and food shortages.

In July, President Hugo Chávez met with the leaders of Brazil, Argentina and Uruguay in Brasília Tuesday to formalize Venezuela’s entrance to Mercosur – six years after the oil-rich Caribbean nation’s first attempt to join the trade bloc.

Venezuela has enormous oil reserves – the largest in the world, according to OPEC – but produces very little else, and imports most of what it consumes. Brazil, with a wealth of hydropower resources and recently discovered pre-salt oil reserves of its own, has no need to buy Venezuelan oil, but an oil-rich neighbor is still an important factor.

Read more (in Portuguese).

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