IBOV 175,956.66 ▲ 1.19% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,310,982 ▲ 2.41% COLCAP 2,321.58 ▲ 0.73% BVL PERÚ 57,107.38 — — USD/BRL5.07▼ 0.95% USD/MXN17.36▼ 0.47% USD/CLP925.03▼ 0.92% USD/COP3,116▼ 2.96% USD/PEN3.39▼ 0.51% USD/ARS1,489▼ 0.47% USD/UYU40.22▲ 1.47% USD/PYG5,941▲ 0.68% USD/BOB11.80▲ 5.19% USD/DOP57.89▼ 0.02% USD/CRC449.30▲ 1.51% USD/GTQ7.63▲ 2.33% USD/HNL26.76▲ 0.31% USD/NIO36.62▼ 0.15% USD/VES743.77▲ 0.25% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.23▲ 0.30% USD/TTD6.75▲ 1.19% EUR/BRL5.85▲ 0.05% BRENT 88.99 ▼ 1.93% WTI 83.59 ▼ 1.03% IRON ORE 161.91 — — COPPER 6.49 ▲ 3.38% GOLD 4,158 ▲ 3.06% SILVER 59.08 ▲ 2.09% SOY 1,189 ▲ 0.89% CORN 468.50 ▲ 4.34% WHEAT 663.50 ▲ 0.42% COFFEE 324.50 ▼ 0.40% SUGAR 14.44 ▼ 0.41% ORANGE JUICE 145.95 ▲ 5.80% COTTON 81.10 ▲ 3.95% COCOA 5,118 ▼ 1.29% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.66 ▲ 4.38% PETR4 42.53 ▲ 1.26% VALE3 75.60 ▲ 0.73% ITUB4 42.50 ▲ 1.63% BBDC4 18.28 ▼ 0.38% ABEV3 15.94 ▲ 0.25% BBAS3 21.09 ▲ 1.49% B3SA3 15.53 ▲ 1.37% WEGE3 46.88 ▲ 2.72% PRIO3 59.78 ▲ 2.35% SUZB3 42.51 ▲ 0.50% RENT3 37.94 ▲ 1.34% AZZA3 15.79 ▼ 2.23% CSAN3 3.96 ▲ 1.80% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▼ 3.91% GMAT3 3.95 ▲ 1.54% PSSA3 54.11 ▲ 0.56% CVCB3 1.29 ▲ 0.78% POSI3 3.55 — 0.00% SLCE3 13.28 ▲ 1.45% NATU3 8.31 ▲ 0.48% BRKM5 5.83 ▲ 1.92% RANI3 7.95 ▼ 0.13% CSNA3 5.05 ▼ 2.88% CMIN3 5.87 ▼ 1.84% USIM5 7.67 ▼ 7.81% GGBR4 24.97 ▲ 0.73% ENEV3 26.06 ▲ 0.73% CPFE3 45.88 ▲ 2.43% CMIG4 11.19 ▲ 1.73% EQTL3 38.31 ▲ 1.30% LREN3 13.46 ▲ 0.75% VIVT3 32.60 ▲ 0.18% RAIL3 14.12 ▲ 1.22% KLABIN 18.06 ▲ 0.22% RAIA DROGASIL 18.07 ▲ 1.75% RDOR3 34.33 ▲ 1.42% HAPV3 10.90 ▲ 3.32% FLRY3 16.97 ▲ 0.83% SMTO3 14.17 ▼ 0.70% UGPA3 32.77 ▲ 2.41% VBBR3 35.83 ▲ 3.55% BBSE3 40.90 ▼ 0.05% BPAC11 56.14 ▲ 2.71% CURY3 30.15 ▲ 4.51% AERI3 2.11 — 0.00% VIVARA 22.08 ▼ 1.21% COMPASS 24.60 ▲ 1.61% VAMOS 3.39 ▲ 2.42% SANB11 25.28 ▼ 1.37% ASAI3 8.38 ▲ 0.96% SBSP3 27.44 ▲ 3.12% WALMEX 50.30 ▲ 1.70% GMEXICO 212.09 ▲ 2.57% FEMSA 217.56 ▲ 2.55% CEMEX 20.62 ▲ 0.15% GFNORTE 201.24 ▲ 2.30% BIMBO 60.61 ▲ 1.22% TELEVISA 9.84 ▼ 0.20% AMX 22.12 ▲ 1.33% GAP 380.83 ▲ 0.46% ASUR 274.95 ▲ 1.10% OMA 233.33 ▲ 0.28% KOF 188.41 ▲ 0.85% GRUMA 268.92 ▲ 0.63% KIMBER 40.19 ▼ 0.62% SQM-B 63,005 ▼ 1.24% COPEC 6,333 ▲ 2.31% BSANTANDER 80.44 ▲ 0.25% FALABELLA 6,181 ▼ 0.56% ENELAM 87.58 ▲ 1.03% CENCOSUD 1,940 ▲ 1.07% CMPC 1,038 ▲ 0.27% BANCO CHILE 194.13 ▲ 1.64% LATAM AIR 24.78 ▲ 1.56% YPF 81,850 ▲ 2.60% GGAL 7,985 ▲ 2.44% PAMPA 5,555 ▲ 3.45% TXAR 651.00 ▼ 1.06% ALUAR 967.00 ▼ 0.62% TGS 9,845 ▲ 3.52% CEPU 2,411 ▲ 5.24% MIRGOR 16,525 ▼ 0.15% COME 44.55 ▲ 4.48% LOMA NEGRA 3,700 ▲ 0.75% BYMA 299.25 ▲ 0.42% TELECOM ARG 4,348 ▲ 1.34% ECOPETROL 16.83 ▲ 2.59% BANCOLOMBIA 93.37 ▲ 4.35% GRUPO AVAL 5.15 ▲ 5.10% CREDICORP 400.26 ▲ 4.25% SOUTHERN COPPER 184.10 ▲ 4.92% BUENAVENTURA 31.53 ▲ 4.32% MERCADOLIBRE 1,859 ▼ 0.21% NUBANK 14.40 ▲ 2.56% XP 17.09 ▲ 4.75% PAGSEGURO 9.68 ▲ 1.47% STONE 11.13 ▲ 1.55% GLOBANT 36.24 ▼ 5.02% TECNOGLASS 43.06 ▼ 4.06% GAP AIRPORT 219.35 ▲ 1.10% ASUR 274.95 ▲ 1.10% OMA AIRPORT 107.61 ▲ 1.16% AMX ADR 25.42 ▲ 2.21% FEMSA ADR 125.58 ▲ 3.73% CEMEX ADR 11.89 ▲ 1.58% PETROBRAS ADR 19.00 ▲ 2.18% VALE ADR 14.88 ▲ 1.57% ITAU ADR 8.39 ▲ 2.94% SANTANDER BR 5.01 ▲ 0.29% AMBEV ADR 3.09 ▼ 0.48% CSN 1.02 ▼ 1.46% GERDAU 4.95 ▲ 1.85% LATAM ADR 53.48 ▲ 2.75% BTC 64,718 ▲ 1.27% ETH 1,918 ▲ 0.49% SOL 74.57 ▲ 1.32% XRP 1.08 ▲ 1.07% BNB 594.95 ▲ 4.12% ADA 0.17 ▲ 6.35% DOGE 0.07 ▲ 0.85% AVAX 6.44 ▲ 0.30% LINK 8.49 ▲ 2.05% DOT 0.77 ▲ 1.49% LTC 45.27 ▼ 0.31% BCH 219.10 ▲ 3.77% TRX 0.33 ▲ 1.07% XLM 0.17 ▲ 0.41% HBAR 0.07 ▲ 0.75% NEAR 1.68 ▲ 3.96% ATOM 1.29 ▲ 0.77% AAVE 99.38 ▲ 3.46% SELIC 14.25% EMBRAER 85.65 ▼ 0.51% EMBRAER ADR 67.47 ▼ 0.28% JBS 14.24 ▲ 0.04% JBS BDR 72.09 ▼ 0.40% MBRF3 17.60 ▲ 5.64% MBRFY 3.43 ▲ 7.86% INTER 5.56 ▲ 2.68% EGX 53,442 ▼ 0.35% USD/ZAR16.49▼ 0.94% USD/NGN1,362▼ 0.25% NIKKEI 61,867 ▲ 0.71% CSI300 4,550 ▼ 1.10% HSI 25,859 ▲ 0.20% NIFTY 24,317 ▲ 0.28% KOSPI 5,594 ▼ 1.23% JCI 6,186 ▲ 1.56% USD/JPY158.95▼ 2.72% USD/CNY6.76▼ 0.17% DAX 25,612 ▲ 0.60% CAC 8,486 ▲ 0.92% FTSE 10,897 ▼ 0.10% MIB 52,104 ▲ 1.29% IBEX 19,758 ▲ 1.78% STOXX 649.95 ▲ 0.77% EUR/USD1.15▲ 0.62% GBP/USD1.35▲ 1.42% SPX 7,432 ▲ 1.58% DJI 52,198 ▲ 1.17% NDX 28,054 ▲ 3.17% RUT 2,937 ▲ 1.04% TSX 35,386 ▲ 0.15% VIX 17.80 ▼ 13.84% USD/CAD1.40▼ 0.38% US10Y 4.6670 ▲ 0.97% IBOV 175,956.66 ▲ 1.19% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,310,982 ▲ 2.41% COLCAP 2,321.58 ▲ 0.73% BVL PERÚ 57,107.38 — — USD/BRL 5.07 ▼ 0.98% USD/MXN 17.35 ▼ 0.47% USD/CLP 925.05 ▼ 0.92% USD/COP 3,120 ▼ 2.84% USD/PEN 3.39 ▼ 0.51% USD/ARS 1,489 ▼ 0.47% USD/UYU 40.22 ▲ 1.47% USD/PYG 5,941 ▲ 0.68% USD/BOB 11.80 ▲ 5.19% USD/DOP 57.89 ▼ 0.02% USD/CRC 449.30 ▲ 1.51% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.76 ▲ 0.31% USD/NIO 36.62 ▼ 0.15% USD/VES 743.77 ▲ 0.25% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.23 ▲ 0.30% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.85 ▲ 0.05% BRENT 88.99 ▼ 1.93% WTI 83.59 ▼ 1.03% IRON ORE 161.91 — — COPPER 6.49 ▲ 3.38% GOLD 4,158 ▲ 3.06% SILVER 59.08 ▲ 2.09% SOY 1,189 ▲ 0.89% CORN 468.50 ▲ 4.34% WHEAT 663.50 ▲ 0.42% COFFEE 324.50 ▼ 0.40% SUGAR 14.44 ▼ 0.41% ORANGE JUICE 145.95 ▲ 5.80% COTTON 81.10 ▲ 3.95% COCOA 5,118 ▼ 1.29% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.66 ▲ 4.38% PETR4 42.53 ▲ 1.26% VALE3 75.60 ▲ 0.73% ITUB4 42.50 ▲ 1.63% BBDC4 18.28 ▼ 0.38% ABEV3 15.94 ▲ 0.25% BBAS3 21.09 ▲ 1.49% B3SA3 15.53 ▲ 1.37% WEGE3 46.88 ▲ 2.72% PRIO3 59.78 ▲ 2.35% SUZB3 42.51 ▲ 0.50% RENT3 37.94 ▲ 1.34% AZZA3 15.79 ▼ 2.23% CSAN3 3.96 ▲ 1.80% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▼ 3.91% GMAT3 3.95 ▲ 1.54% PSSA3 54.11 ▲ 0.56% CVCB3 1.29 ▲ 0.78% POSI3 3.55 — 0.00% SLCE3 13.28 ▲ 1.45% NATU3 8.31 ▲ 0.48% BRKM5 5.83 ▲ 1.92% RANI3 7.95 ▼ 0.13% CSNA3 5.05 ▼ 2.88% CMIN3 5.87 ▼ 1.84% USIM5 7.67 ▼ 7.81% GGBR4 24.97 ▲ 0.73% ENEV3 26.06 ▲ 0.73% CPFE3 45.88 ▲ 2.43% CMIG4 11.19 ▲ 1.73% EQTL3 38.31 ▲ 1.30% LREN3 13.46 ▲ 0.75% VIVT3 32.60 ▲ 0.18% RAIL3 14.12 ▲ 1.22% KLABIN 18.06 ▲ 0.22% RAIA DROGASIL 18.07 ▲ 1.75% RDOR3 34.33 ▲ 1.42% HAPV3 10.90 ▲ 3.32% FLRY3 16.97 ▲ 0.83% SMTO3 14.17 ▼ 0.70% UGPA3 32.77 ▲ 2.41% VBBR3 35.83 ▲ 3.55% BBSE3 40.90 ▼ 0.05% BPAC11 56.14 ▲ 2.71% CURY3 30.15 ▲ 4.51% AERI3 2.11 — 0.00% VIVARA 22.08 ▼ 1.21% COMPASS 24.60 ▲ 1.61% VAMOS 3.39 ▲ 2.42% SANB11 25.28 ▼ 1.37% ASAI3 8.38 ▲ 0.96% SBSP3 27.44 ▲ 3.12% WALMEX 50.30 ▲ 1.70% GMEXICO 212.09 ▲ 2.57% FEMSA 217.56 ▲ 2.55% CEMEX 20.62 ▲ 0.15% GFNORTE 201.24 ▲ 2.30% BIMBO 60.61 ▲ 1.22% TELEVISA 9.84 ▼ 0.20% AMX 22.12 ▲ 1.33% GAP 380.83 ▲ 0.46% ASUR 274.95 ▲ 1.10% OMA 233.33 ▲ 0.28% KOF 188.41 ▲ 0.85% GRUMA 268.92 ▲ 0.63% KIMBER 40.19 ▼ 0.62% SQM-B 63,005 ▼ 1.24% COPEC 6,333 ▲ 2.31% BSANTANDER 80.44 ▲ 0.25% FALABELLA 6,181 ▼ 0.56% ENELAM 87.58 ▲ 1.03% CENCOSUD 1,940 ▲ 1.07% CMPC 1,038 ▲ 0.27% BANCO CHILE 194.13 ▲ 1.64% LATAM AIR 24.78 ▲ 1.56% YPF 81,850 ▲ 2.60% GGAL 7,985 ▲ 2.44% PAMPA 5,555 ▲ 3.45% TXAR 651.00 ▼ 1.06% ALUAR 967.00 ▼ 0.62% TGS 9,845 ▲ 3.52% CEPU 2,411 ▲ 5.24% MIRGOR 16,525 ▼ 0.15% COME 44.55 ▲ 4.48% LOMA NEGRA 3,700 ▲ 0.75% BYMA 299.25 ▲ 0.42% TELECOM ARG 4,348 ▲ 1.34% ECOPETROL 16.83 ▲ 2.59% BANCOLOMBIA 93.37 ▲ 4.35% GRUPO AVAL 5.15 ▲ 5.10% CREDICORP 400.26 ▲ 4.25% SOUTHERN COPPER 184.10 ▲ 4.92% BUENAVENTURA 31.53 ▲ 4.32% MERCADOLIBRE 1,859 ▼ 0.21% NUBANK 14.40 ▲ 2.56% XP 17.09 ▲ 4.75% PAGSEGURO 9.68 ▲ 1.47% STONE 11.13 ▲ 1.55% GLOBANT 36.24 ▼ 5.02% TECNOGLASS 43.06 ▼ 4.06% GAP AIRPORT 219.35 ▲ 1.10% ASUR 274.95 ▲ 1.10% OMA AIRPORT 107.61 ▲ 1.16% AMX ADR 25.42 ▲ 2.21% FEMSA ADR 125.58 ▲ 3.73% CEMEX ADR 11.89 ▲ 1.58% PETROBRAS ADR 19.00 ▲ 2.18% VALE ADR 14.88 ▲ 1.57% ITAU ADR 8.39 ▲ 2.94% SANTANDER BR 5.01 ▲ 0.29% AMBEV ADR 3.09 ▼ 0.48% CSN 1.02 ▼ 1.46% GERDAU 4.95 ▲ 1.85% LATAM ADR 53.48 ▲ 2.75% BTC 64,718 ▲ 1.27% ETH 1,918 ▲ 0.49% SOL 74.57 ▲ 1.32% XRP 1.08 ▲ 1.07% BNB 594.95 ▲ 4.12% ADA 0.17 ▲ 6.35% DOGE 0.07 ▲ 0.85% AVAX 6.44 ▲ 0.30% LINK 8.49 ▲ 2.05% DOT 0.77 ▲ 1.49% LTC 45.27 ▼ 0.31% BCH 219.10 ▲ 3.77% TRX 0.33 ▲ 1.07% XLM 0.17 ▲ 0.41% HBAR 0.07 ▲ 0.75% NEAR 1.68 ▲ 3.96% ATOM 1.29 ▲ 0.77% AAVE 99.38 ▲ 3.46% SELIC 14.25% EMBRAER 85.65 ▼ 0.51% EMBRAER ADR 67.47 ▼ 0.28% JBS 14.24 ▲ 0.04% JBS BDR 72.09 ▼ 0.40% MBRF3 17.60 ▲ 5.64% MBRFY 3.43 ▲ 7.86% INTER 5.56 ▲ 2.68% EGX 53,442 ▼ 0.35% USD/ZAR 16.49 ▼ 1.06% USD/NGN 1,362 ▼ 0.07% NIKKEI 61,867 ▲ 0.71% CSI300 4,550 ▼ 1.10% HSI 25,859 ▲ 0.20% NIFTY 24,317 ▲ 0.28% KOSPI 5,594 ▼ 1.23% JCI 6,186 ▲ 1.56% USD/JPY 158.99 ▼ 2.69% USD/CNY 6.7550 ▲ 0.01% DAX 25,612 ▲ 0.60% CAC 8,486 ▲ 0.92% FTSE 10,897 ▼ 0.10% MIB 52,104 ▲ 1.29% IBEX 19,758 ▲ 1.78% STOXX 649.95 ▲ 0.77% EUR/USD 1.1538 ▲ 0.64% GBP/USD 1.3476 ▲ 0.83% SPX 7,432 ▲ 1.58% DJI 52,198 ▲ 1.17% NDX 28,054 ▲ 3.17% RUT 2,937 ▲ 1.04% TSX 35,386 ▲ 0.15% VIX 17.80 ▼ 13.84% USD/CAD 1.3996 ▼ 0.31% US10Y 4.6670 ▲ 0.97%
since 2009
Thursday, July 30, 2026

Analysis Brazil

Brazil’s Global Influence Wanes as It Aligns with Authoritarianism 

By · September 30, 2024 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

(Analysis) President Lula’s visit to New York revealed Brazil’s diminishing global influence. His stance on international conflicts and environmental issues raised concerns about the country’s diplomatic approach.

Lula’s ambiguous position on climate change and petroleum production drew criticism from environmental groups.

Brazil’s environmental credentials faced scrutiny as wildfires raged across the country. Over sixty percent of the national territory was covered in smoke during Lula’s New York trip.

The government admitted its unpreparedness to handle climate emergencies, despite being in power for over a year. Lula’s ambition to become a major oil producer contradicted his climate change advocacy.

Oil Change International criticized Brazil, along with the UAE and Azerbaijan, for increasing oil production while hosting climate conferences. This inconsistency weakened Brazil’s environmental leadership claims.

Brazil's Global Influence Wanes as It Aligns with Authoritarianism 
Brazil’s Global Influence Wanes as It Aligns with Authoritarianism. (Photo Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

The president’s silence on Venezuela’s dictatorship undermined his defense of democracy. Lula condemned domestic extremism but ignored his neighbor’s electoral fraud.

This stance questioned Brazil’s ability to mediate international conflicts when it couldn’t influence regional issues. In the Middle East conflict, Lula criticized Israel’s actions in Gaza while condemning Hamas terrorism.

He also questioned Israeli attacks on Lebanese territory aimed at weakening Hezbollah. These statements reflected Brazil’s complex relationships with Iran and other BRICS members.

Lula’s Diplomatic Struggles

Lula clashed with Ukrainian President Zelensky over diplomatic approaches to the Russia-Ukraine conflict. Zelensky accused Lula of favoring Putin in Brazil’s six-point peace proposal.

The plan, developed with China, lacked input from Ukraine, the invaded country. Celso Amorim, Lula’s special advisor, presented the peace proposal for Ukraine to other countries.

The document called for a ceasefire but failed to acknowledge Russia as the invader. Amorim dismissed Zelensky’s rejection, highlighting Brazil’s alignment with authoritarian BRICS partners.

Adding to the controversy surrounding Lula’s presidency, controversial Supreme Court Justice Alexandre de Moraes played a crucial role in his political comeback.

Justice de Moraes, whose authoritarian actions have drawn criticism from many quarters, played a pivotal role in key decisions affecting Lula’s political trajectory.

As a Supreme Court Justice, he voted to annul Lula’s corruption convictions, and in his capacity as head of the Superior Electoral Court, he issued rulings perceived as favorable to Lula’s campaign.

These actions have sparked debate among legal experts and political analysts regarding judicial impartiality and the balance of powers within Brazil’s democratic framework.

Elon Musk’s characterization of President Lula as “Moraes‘ lapdog” has fueled speculation about the extent of Justice Moraes’ influence.

Critics argue that Lula’s perceived acquiescence to Moraes’ decisions has led to questions about the true locus of power in Brazil’s current administration.

Lula’s New York visit exposed Brazil’s diplomatic weaknesses. He appeared too partial to mediate global conflicts and too weak to defend democracy in South America.

Brazil’s alignment with authoritarian regimes and de Moraes may cause future problems, suggesting a need to return to its past independence.

The questions surrounding the judicial decisions that enabled Lula’s return to power have further complicated Brazil’s position on the global stage and its relationships with both Western and developing nations.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.