IBOV 174,041.95 ▼ 1.52% IPSA 10,950.74 ▲ 0.31% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,283,854 ▼ 1.07% COLCAP 2,274.53 ▼ 0.38% BVL PERÚ 58,287.01 — — USD/BRL5.08▼ 0.01% USD/MXN17.47▼ 0.11% USD/CLP943.85▼ 0.53% USD/COP3,215▼ 0.05% USD/PEN3.40▼ 0.18% USD/ARS1,496▼ 0.03% USD/UYU 40.14 — 0.00% USD/PYG 6,022 — 0.00% USD/BOB 11.18 — 0.00% USD/DOP57.98▼ 0.02% USD/CRC 449.17 — 0.00% USD/GTQ 7.63 — 0.00% USD/HNL 26.75 — 0.00% USD/NIO 36.62 — 0.00% USD/VES740.37▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▼ 0.12% USD/TTD6.71— 0.00% EUR/BRL5.79▲ 0.07% BRENT 90.40 ▼ 6.59% WTI 84.09 ▼ 5.84% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.08% GOLD 4,091 ▲ 0.57% SILVER 59.08 ▲ 0.72% SOY 1,219 ▼ 2.32% CORN 474.00 ▲ 2.10% WHEAT 669.00 ▼ 1.33% COFFEE 328.95 ▲ 4.83% SUGAR 14.59 ▼ 1.22% ORANGE JUICE 144.85 ▲ 2.19% COTTON 79.70 ▲ 1.46% COCOA 5,207 ▼ 3.14% BEEF 222.50 ▼ 1.29% CATTLE 341.45 ▼ 0.68% LITHIUM 67.81 ▼ 1.75% PETR4 42.21 ▼ 1.72% VALE3 75.24 ▼ 0.58% ITUB4 42.10 ▼ 1.08% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.35 ▼ 2.77% B3SA3 15.44 ▼ 1.34% WEGE3 45.99 ▲ 0.70% PRIO3 58.82 ▼ 2.84% SUZB3 41.84 ▼ 1.39% RENT3 36.89 ▼ 0.67% AZZA3 16.65 ▼ 2.35% CSAN3 3.80 ▼ 2.56% RAIZ4 0.26 ▼ 3.70% PCAR3 2.79 ▼ 2.79% GMAT3 3.79 ▼ 2.07% PSSA3 54.78 ▼ 0.72% CVCB3 1.34 ▲ 2.29% POSI3 3.55 ▼ 3.27% SLCE3 13.64 ▼ 0.94% NATU3 8.38 ▼ 2.10% BRKM5 6.10 ▼ 1.13% RANI3 7.95 ▲ 0.25% CSNA3 5.36 ▲ 1.13% CMIN3 5.69 ▼ 2.40% USIM5 8.48 ▼ 0.12% GGBR4 24.26 ▲ 0.83% ENEV3 24.90 ▼ 3.11% CPFE3 45.09 ▼ 2.44% CMIG4 10.98 ▼ 1.88% EQTL3 38.34 ▼ 1.74% LREN3 13.27 ▼ 0.75% VIVT3 35.47 ▲ 2.22% RAIL3 13.57 ▼ 2.79% KLABIN 17.52 ▼ 0.79% RAIA DROGASIL 17.98 ▼ 1.15% RDOR3 33.38 ▼ 0.86% HAPV3 9.92 ▼ 5.25% FLRY3 16.26 ▼ 1.93% SMTO3 15.05 ▼ 4.20% UGPA3 32.71 ▼ 2.04% VBBR3 35.10 ▼ 1.40% BBSE3 41.49 ▼ 2.15% BPAC11 54.67 ▼ 2.90% CURY3 29.35 ▼ 0.91% AERI3 2.04 ▲ 0.99% VIVARA 21.42 ▼ 0.14% COMPASS 24.76 ▼ 1.28% VAMOS 3.15 ▼ 1.87% SANB11 26.34 ▼ 1.09% ASAI3 7.85 ▼ 2.12% SBSP3 28.38 ▼ 1.29% WALMEX 48.00 ▲ 1.39% GMEXICO 207.28 ▼ 0.94% FEMSA 221.92 ▼ 0.19% CEMEX 21.18 ▼ 1.40% GFNORTE 193.04 ▲ 2.00% BIMBO 58.26 ▼ 1.39% TELEVISA 9.73 ▼ 0.61% AMX 22.80 ▲ 0.18% GAP 377.44 ▲ 0.26% ASUR 267.76 — 0.00% OMA 226.14 ▼ 0.51% KOF 179.29 ▼ 0.23% GRUMA 268.70 ▼ 0.09% KIMBER 39.70 ▲ 1.10% SQM-B 65,350 ▼ 0.23% COPEC 6,330 ▲ 1.12% BSANTANDER 79.32 ▼ 0.85% FALABELLA 5,990 ▼ 1.12% ENELAM 85.49 ▲ 0.58% CENCOSUD 1,958 ▼ 0.51% CMPC 1,025 ▼ 2.47% BANCO CHILE 193.10 ▲ 1.25% LATAM AIR 23.88 ▲ 1.62% YPF 82,000 ▼ 0.58% GGAL 7,890 ▼ 0.69% PAMPA 5,515 ▼ 2.04% TXAR 675.00 ▼ 0.74% ALUAR 972.00 ▼ 1.07% TGS 9,765 ▼ 2.30% CEPU 2,365 ▼ 2.27% MIRGOR 16,525 ▼ 1.20% COME 42.41 ▼ 0.28% LOMA NEGRA 3,623 ▼ 3.78% BYMA 299.75 ▲ 2.48% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.01 ▼ 1.96% BANCOLOMBIA 86.01 ▼ 0.90% GRUPO AVAL 4.78 — 0.00% CREDICORP 388.77 ▲ 0.29% SOUTHERN COPPER 179.29 ▼ 1.61% BUENAVENTURA 30.91 ▼ 1.31% MERCADOLIBRE 1,801 ▲ 0.15% NUBANK 14.09 ▼ 0.70% XP 16.69 ▼ 0.83% PAGSEGURO 9.20 ▼ 2.75% STONE 10.76 ▼ 2.00% GLOBANT 31.30 — 0.00% TECNOGLASS 45.30 ▲ 3.57% GAP AIRPORT 216.28 ▲ 0.39% ASUR 267.76 — 0.00% OMA AIRPORT 103.43 ▼ 0.68% AMX ADR 26.01 ▲ 0.23% FEMSA ADR 127.12 ▲ 0.03% CEMEX ADR 12.06 ▼ 1.63% PETROBRAS ADR 18.77 ▼ 1.21% VALE ADR 14.79 ▼ 0.27% ITAU ADR 8.28 ▼ 0.84% SANTANDER BR 5.30 — 0.00% AMBEV ADR 3.06 ▼ 0.97% CSN 1.08 ▲ 1.89% GERDAU 4.81 ▲ 0.84% LATAM ADR 50.15 ▲ 0.62% BTC 64,993 ▼ 0.53% ETH 1,949 ▼ 0.25% SOL 76.42 ▼ 0.24% XRP 1.10 ▼ 0.99% BNB 571.81 ▼ 0.47% ADA 0.16 ▼ 1.64% DOGE 0.07 ▼ 1.10% AVAX 6.67 ▼ 0.96% LINK 8.73 ▼ 0.95% DOT 0.81 ▼ 2.55% LTC 46.85 ▼ 1.98% BCH 218.39 ▲ 0.73% TRX 0.33 ▼ 0.47% XLM 0.18 ▼ 0.78% HBAR 0.07 ▼ 1.57% NEAR 1.82 ▼ 0.81% ATOM 1.38 ▼ 1.67% AAVE 100.40 ▼ 1.10% SELIC 14.25% EMBRAER 82.50 ▼ 1.08% EMBRAER ADR 64.93 ▼ 0.82% JBS 12.28 — 0.00% JBS BDR 62.04 ▲ 0.36% MBRF3 14.84 ▼ 4.81% MBRFY 2.94 ▼ 0.34% INTER 5.29 ▼ 3.11% EGX 53,634 ▲ 0.40% USD/ZAR16.76▼ 0.47% USD/NGN 1,363 — 0.00% NIKKEI 64,931 ▲ 0.50% CSI300 4,702 ▲ 1.15% HSI 25,207 ▲ 0.98% NIFTY 23,996 ▲ 0.96% KOSPI 6,756 ▲ 0.97% JCI 6,186 ▼ 0.17% USD/JPY163.67▲ 0.02% USD/CNY6.75▼ 0.26% DAX 25,526 ▲ 1.70% CAC 8,454 ▲ 0.98% FTSE 10,799 ▲ 0.59% MIB 52,201 ▲ 0.77% IBEX 19,900 ▲ 1.60% STOXX 650.18 ▲ 0.88% EUR/USD1.14▼ 0.04% GBP/USD1.33▼ 0.17% SPX 7,412 ▲ 0.05% DJI 51,947 ▲ 0.46% NDX 28,128 ▼ 1.15% RUT 2,930 ▼ 0.35% TSX 35,369 ▲ 0.50% VIX 17.71 ▼ 4.68% USD/CAD1.41▲ 0.16% US10Y 4.6790 ▼ 0.51% IBOV 174,041.95 ▼ 1.52% IPSA 10,950.74 ▲ 0.31% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,283,854 ▼ 1.07% COLCAP 2,274.53 ▼ 0.38% BVL PERÚ 58,287.01 — — USD/BRL 5.08 ▼ 0.01% USD/MXN 17.47 ▼ 0.11% USD/CLP 944.65 ▼ 0.45% USD/COP 3,215 ▼ 0.05% USD/PEN 3.40 ▼ 0.18% USD/ARS 1,496 ▼ 0.03% USD/UYU 40.14 — 0.00% USD/PYG 6,022 — 0.00% USD/BOB 11.18 — 0.00% USD/DOP 57.98 ▼ 0.02% USD/CRC 449.17 — 0.00% USD/GTQ 7.63 — 0.00% USD/HNL 26.75 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 740.37 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.08% USD/TTD 6.71 ▲ 0.68% EUR/BRL 5.79 ▲ 0.08% BRENT 90.40 ▼ 6.59% WTI 84.09 ▼ 5.84% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.08% GOLD 4,091 ▲ 0.57% SILVER 59.08 ▲ 0.72% SOY 1,219 ▼ 2.32% CORN 474.00 ▲ 2.10% WHEAT 669.00 ▼ 1.33% COFFEE 328.95 ▲ 4.83% SUGAR 14.59 ▼ 1.22% ORANGE JUICE 144.85 ▲ 2.19% COTTON 79.70 ▲ 1.46% COCOA 5,207 ▼ 3.14% BEEF 222.50 ▼ 1.29% CATTLE 341.45 ▼ 0.68% LITHIUM 67.81 ▼ 1.75% PETR4 42.21 ▼ 1.72% VALE3 75.24 ▼ 0.58% ITUB4 42.10 ▼ 1.08% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.35 ▼ 2.77% B3SA3 15.44 ▼ 1.34% WEGE3 45.99 ▲ 0.70% PRIO3 58.82 ▼ 2.84% SUZB3 41.84 ▼ 1.39% RENT3 36.89 ▼ 0.67% AZZA3 16.65 ▼ 2.35% CSAN3 3.80 ▼ 2.56% RAIZ4 0.26 ▼ 3.70% PCAR3 2.79 ▼ 2.79% GMAT3 3.79 ▼ 2.07% PSSA3 54.78 ▼ 0.72% CVCB3 1.34 ▲ 2.29% POSI3 3.55 ▼ 3.27% SLCE3 13.64 ▼ 0.94% NATU3 8.38 ▼ 2.10% BRKM5 6.10 ▼ 1.13% RANI3 7.95 ▲ 0.25% CSNA3 5.36 ▲ 1.13% CMIN3 5.69 ▼ 2.40% USIM5 8.48 ▼ 0.12% GGBR4 24.26 ▲ 0.83% ENEV3 24.90 ▼ 3.11% CPFE3 45.09 ▼ 2.44% CMIG4 10.98 ▼ 1.88% EQTL3 38.34 ▼ 1.74% LREN3 13.27 ▼ 0.75% VIVT3 35.47 ▲ 2.22% RAIL3 13.57 ▼ 2.79% KLABIN 17.52 ▼ 0.79% RAIA DROGASIL 17.98 ▼ 1.15% RDOR3 33.38 ▼ 0.86% HAPV3 9.92 ▼ 5.25% FLRY3 16.26 ▼ 1.93% SMTO3 15.05 ▼ 4.20% UGPA3 32.71 ▼ 2.04% VBBR3 35.10 ▼ 1.40% BBSE3 41.49 ▼ 2.15% BPAC11 54.67 ▼ 2.90% CURY3 29.35 ▼ 0.91% AERI3 2.04 ▲ 0.99% VIVARA 21.42 ▼ 0.14% COMPASS 24.76 ▼ 1.28% VAMOS 3.15 ▼ 1.87% SANB11 26.34 ▼ 1.09% ASAI3 7.85 ▼ 2.12% SBSP3 28.38 ▼ 1.29% WALMEX 48.00 ▲ 1.39% GMEXICO 207.28 ▼ 0.94% FEMSA 221.92 ▼ 0.19% CEMEX 21.18 ▼ 1.40% GFNORTE 193.04 ▲ 2.00% BIMBO 58.26 ▼ 1.39% TELEVISA 9.73 ▼ 0.61% AMX 22.80 ▲ 0.18% GAP 377.44 ▲ 0.26% ASUR 267.76 — 0.00% OMA 226.14 ▼ 0.51% KOF 179.29 ▼ 0.23% GRUMA 268.70 ▼ 0.09% KIMBER 39.70 ▲ 1.10% SQM-B 65,350 ▼ 0.23% COPEC 6,330 ▲ 1.12% BSANTANDER 79.32 ▼ 0.85% FALABELLA 5,990 ▼ 1.12% ENELAM 85.49 ▲ 0.58% CENCOSUD 1,958 ▼ 0.51% CMPC 1,025 ▼ 2.47% BANCO CHILE 193.10 ▲ 1.25% LATAM AIR 23.88 ▲ 1.62% YPF 82,000 ▼ 0.58% GGAL 7,890 ▼ 0.69% PAMPA 5,515 ▼ 2.04% TXAR 675.00 ▼ 0.74% ALUAR 972.00 ▼ 1.07% TGS 9,765 ▼ 2.30% CEPU 2,365 ▼ 2.27% MIRGOR 16,525 ▼ 1.20% COME 42.41 ▼ 0.28% LOMA NEGRA 3,623 ▼ 3.78% BYMA 299.75 ▲ 2.48% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.01 ▼ 1.96% BANCOLOMBIA 86.01 ▼ 0.90% GRUPO AVAL 4.78 — 0.00% CREDICORP 388.77 ▲ 0.29% SOUTHERN COPPER 179.29 ▼ 1.61% BUENAVENTURA 30.91 ▼ 1.31% MERCADOLIBRE 1,801 ▲ 0.15% NUBANK 14.09 ▼ 0.70% XP 16.69 ▼ 0.83% PAGSEGURO 9.20 ▼ 2.75% STONE 10.76 ▼ 2.00% GLOBANT 31.30 — 0.00% TECNOGLASS 45.30 ▲ 3.57% GAP AIRPORT 216.28 ▲ 0.39% ASUR 267.76 — 0.00% OMA AIRPORT 103.43 ▼ 0.68% AMX ADR 26.01 ▲ 0.23% FEMSA ADR 127.12 ▲ 0.03% CEMEX ADR 12.06 ▼ 1.63% PETROBRAS ADR 18.77 ▼ 1.21% VALE ADR 14.79 ▼ 0.27% ITAU ADR 8.28 ▼ 0.84% SANTANDER BR 5.30 — 0.00% AMBEV ADR 3.06 ▼ 0.97% CSN 1.08 ▲ 1.89% GERDAU 4.81 ▲ 0.84% LATAM ADR 50.15 ▲ 0.62% BTC 64,993 ▼ 0.53% ETH 1,949 ▼ 0.25% SOL 76.42 ▼ 0.24% XRP 1.10 ▼ 0.99% BNB 571.81 ▼ 0.47% ADA 0.16 ▼ 1.64% DOGE 0.07 ▼ 1.10% AVAX 6.67 ▼ 0.96% LINK 8.73 ▼ 0.95% DOT 0.81 ▼ 2.55% LTC 46.85 ▼ 1.98% BCH 218.39 ▲ 0.73% TRX 0.33 ▼ 0.47% XLM 0.18 ▼ 0.78% HBAR 0.07 ▼ 1.57% NEAR 1.82 ▼ 0.81% ATOM 1.38 ▼ 1.67% AAVE 100.40 ▼ 1.10% SELIC 14.25% EMBRAER 82.50 ▼ 1.08% EMBRAER ADR 64.93 ▼ 0.82% JBS 12.28 — 0.00% JBS BDR 62.04 ▲ 0.36% MBRF3 14.84 ▼ 4.81% MBRFY 2.94 ▼ 0.34% INTER 5.29 ▼ 3.11% EGX 53,634 ▲ 0.40% USD/ZAR 16.73 ▼ 0.51% USD/NGN 1,363 — 0.00% NIKKEI 64,931 ▲ 0.50% CSI300 4,702 ▲ 1.15% HSI 25,207 ▲ 0.98% NIFTY 23,996 ▲ 0.96% KOSPI 6,756 ▲ 0.97% JCI 6,186 ▼ 0.17% USD/JPY 163.64 ▼ 0.09% USD/CNY 6.7539 ▼ 0.26% DAX 25,526 ▲ 1.70% CAC 8,454 ▲ 0.98% FTSE 10,799 ▲ 0.59% MIB 52,201 ▲ 0.77% IBEX 19,900 ▲ 1.60% STOXX 650.18 ▲ 0.88% EUR/USD 1.1390 ▲ 0.13% GBP/USD 1.3314 ▼ 0.04% SPX 7,412 ▲ 0.05% DJI 51,947 ▲ 0.46% NDX 28,128 ▼ 1.15% RUT 2,930 ▼ 0.35% TSX 35,369 ▲ 0.50% VIX 17.71 ▼ 4.68% USD/CAD 1.4107 ▲ 0.11% US10Y 4.6790 ▼ 0.51%
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Politics - Brazil Venezuela

Brazil-Venezuela Relations Sour Amid Political Tensions and Economic Disputes

By · October 30, 2024 · 2 min read

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The once-cordial relationship between Brazil and Venezuela has hit a rough patch as recent events have strained diplomatic ties between the two South American nations. At the heart of this tension lies a complex web of political disagreements and economic disputes.

Brazil’s stance on Venezuela’s recent elections has caused friction. The Brazilian government refused to recognize the results of Venezuela’s July elections. This decision has led to a communication breakdown between the two countries’ leaders. President Lula of Brazil and President Maduro of Venezuela have not spoken since the contentious vote.

The situation worsened when Brazil opposed Venezuela’s entry into the BRICS group. This economic alliance includes major emerging economies. Brazil’s rejection of Venezuela’s bid further strained relations. Maduro responded with harsh criticism of Brazil’s foreign ministry.

Economic issues also play a role in the current discord. Venezuela owes Brazil a substantial debt. The amount in question is approximately $1.68 billion. This includes $1.28 billion in overdue payments and $400 million in interest. Brazil’s swift move to restore relations with Venezuela was partly motivated by debt recovery efforts.

Brazil-Venezuela Relations Sour Amid Political Tensions and Economic Disputes. (Photo Internet reproduction)
Brazil-Venezuela Relations Sour Amid Political Tensions and Economic Disputes. (Photo Internet reproduction)
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Celso Amorim, a key advisor to President Lula, addressed these issues in a recent parliamentary hearing. He acknowledged the current “discomfort” in Brazil-Venezuela relations. Amorim defended Brazil’s approach, emphasizing the need for dialogue despite disagreements.

The advisor faced tough questions about Brazil’s stance on Venezuela’s political system. Many view Venezuela’s government as authoritarian. Amorim stressed the importance of maintaining open channels of communication. He argued that this approach allows Brazil to exert some influence over its neighbor.

Brazil-Venezuela Relations Sour Amid Political Tensions and Economic Disputes

Brazil’s position reflects a delicate balancing act in regional politics. The country aims to promote stability and integration in South America. However, it must also address concerns about democratic principles and human rights.

The situation highlights the challenges of international diplomacy in a complex world. Brazil seeks to maintain regional influence without compromising its values. This approach has led to criticism from both domestic and international observers.

As tensions persist, the future of Brazil-Venezuela relations remains uncertain. Both countries face the task of navigating their differences while preserving regional stability. The outcome of this diplomatic challenge could have far-reaching implications for South American politics and economics.

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