IBOV 175,689 ▼ 1.22% IPSA 10,967 ▼ 0.81% IPC MEX 66,095 ▼ 0.60% MERVAL 3,262,267 ▼ 0.55% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.39% USD/BRL5.13▲ 0.47% USD/MXN17.52▲ 0.31% USD/CLP930.70▲ 0.63% USD/COP3,242▼ 0.11% USD/PEN3.41▲ 0.44% USD/ARS1,482▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.30▼ 0.31% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.70% USD/TTD6.74▼ 0.12% EUR/BRL5.84▲ 0.40% BRENT 82.67 ▲ 8.76% WTI 77.63 ▲ 8.71% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.59% GOLD 3,998 ▼ 2.58% SILVER 57.70 ▼ 3.53% SOY 1,199 ▲ 0.17% CORN 464.50 ▲ 6.05% WHEAT 637.00 ▲ 0.79% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.80 ▼ 6.80% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.23 ▼ 2.90% PETR4 40.88 ▲ 3.10% VALE3 72.51 ▼ 2.25% ITUB4 43.63 ▼ 1.51% BBDC4 18.75 ▼ 0.58% ABEV3 15.81 ▼ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 14.96 ▼ 2.98% WEGE3 44.50 ▼ 4.32% PRIO3 56.90 ▲ 2.62% SUZB3 41.63 ▲ 0.19% RENT3 40.23 ▼ 2.12% AZZA3 19.12 ▲ 0.10% CSAN3 3.89 ▼ 4.42% RAIZ4 0.33 ▼ 5.71% PCAR3 2.62 ▼ 4.03% GMAT3 3.94 ▼ 0.76% PSSA3 53.88 ▼ 1.98% CVCB3 1.24 ▼ 0.80% POSI3 3.90 ▼ 1.76% SLCE3 13.97 ▼ 0.36% NATU3 8.68 — 0.00% BRKM5 6.63 — 0.00% RANI3 7.93 ▼ 1.00% CSNA3 5.21 ▲ 0.58% CMIN3 5.51 ▲ 5.35% USIM5 8.33 ▼ 1.42% GGBR4 22.86 ▼ 0.65% ENEV3 26.96 ▼ 2.14% CPFE3 46.96 ▼ 1.90% CMIG4 11.08 ▼ 2.64% EQTL3 40.02 ▼ 2.18% LREN3 14.26 ▼ 2.46% VIVT3 35.07 ▼ 1.90% RAIL3 14.04 ▼ 2.23% KLABIN 17.51 ▼ 0.17% RAIA DROGASIL 18.24 ▼ 2.82% RDOR3 35.45 ▼ 1.58% HAPV3 10.34 ▼ 2.45% FLRY3 16.17 ▼ 1.52% SMTO3 16.62 ▲ 1.53% UGPA3 30.95 ▲ 0.78% VBBR3 32.97 ▼ 0.09% BBSE3 40.28 ▼ 0.17% BPAC11 57.54 ▼ 2.03% CURY3 33.32 ▼ 2.60% AERI3 2.07 ▼ 0.96% VIVARA 23.16 ▼ 1.57% COMPASS 24.78 ▼ 2.82% VAMOS 3.00 ▼ 1.96% SANB11 27.21 ▼ 1.48% ASAI3 8.67 ▼ 2.25% SBSP3 30.27 ▼ 2.70% WALMEX 49.78 ▲ 0.93% GMEXICO 195.39 ▼ 1.93% FEMSA 225.66 ▲ 1.05% CEMEX 21.60 ▼ 1.19% GFNORTE 183.03 ▼ 1.91% BIMBO 55.99 ▼ 0.20% TELEVISA 9.70 ▼ 0.31% AMX 22.96 ▲ 1.15% GAP 409.20 ▼ 0.79% ASUR 280.02 ▼ 1.79% OMA 233.59 ▼ 1.22% KOF 180.79 ▲ 0.36% GRUMA 283.00 ▼ 0.19% KIMBER 38.20 ▲ 0.34% SQM-B 67,081 ▼ 0.99% COPEC 6,107 ▼ 0.53% BSANTANDER 77.71 ▼ 1.63% FALABELLA 5,949 ▲ 0.75% ENELAM 85.00 ▼ 0.47% CENCOSUD 2,045 ▼ 0.00% CMPC 1,087 ▼ 2.01% BANCO CHILE 184.06 ▼ 2.55% LATAM AIR 25.43 ▼ 3.16% YPF 77,350 ▲ 3.97% GGAL 8,190 ▼ 1.74% PAMPA 5,270 ▲ 1.74% TXAR 668.00 ▼ 0.45% ALUAR 973.00 ▼ 0.26% TGS 9,660 ▲ 0.68% CEPU 2,355 ▼ 1.71% MIRGOR 17,075 ▼ 1.01% COME 44.74 ▼ 2.55% LOMA NEGRA 3,528 ▼ 1.54% BYMA 307.00 ▼ 2.23% TELECOM ARG 4,230 ▼ 0.35% ECOPETROL 15.92 ▲ 2.15% BANCOLOMBIA 81.33 ▼ 1.95% GRUPO AVAL 4.97 ▼ 1.97% CREDICORP 390.34 ▼ 2.61% SOUTHERN COPPER 174.32 ▼ 0.86% BUENAVENTURA 29.75 ▼ 0.83% MERCADOLIBRE 1,871 ▲ 1.00% NUBANK 13.77 ▲ 0.04% XP 16.34 ▼ 3.46% PAGSEGURO 9.34 ▲ 0.92% STONE 11.17 ▼ 0.40% GLOBANT 32.17 ▲ 7.38% TECNOGLASS 42.30 ▼ 3.64% GAP AIRPORT 233.51 ▼ 0.90% ASUR 280.02 ▼ 1.79% OMA AIRPORT 106.59 ▼ 1.34% AMX ADR 26.15 ▲ 0.54% FEMSA ADR 128.79 ▲ 0.89% CEMEX ADR 12.36 ▼ 1.00% PETROBRAS ADR 17.88 ▲ 3.20% VALE ADR 14.10 ▼ 2.49% ITAU ADR 8.50 ▼ 1.39% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.07 ▼ 0.16% CSN 1.01 — 0.00% GERDAU 4.47 ▼ 0.67% LATAM ADR 54.51 ▼ 3.45% BTC 61,857 ▼ 2.98% ETH 1,755 ▼ 2.81% SOL 74.67 ▼ 2.87% XRP 1.06 ▼ 2.50% BNB 562.89 ▼ 1.93% ADA 0.16 ▼ 3.12% DOGE 0.07 ▼ 2.22% AVAX 6.43 ▲ 0.44% LINK 7.81 ▼ 2.25% DOT 0.83 ▼ 2.04% LTC 42.98 ▼ 2.25% BCH 235.89 ▼ 1.70% TRX 0.33 ▼ 1.85% XLM 0.18 ▼ 2.71% HBAR 0.07 ▼ 2.03% NEAR 1.92 ▲ 1.45% ATOM 1.53 ▼ 1.92% AAVE 94.06 ▼ 3.09% SELIC 14.25% EMBRAER 82.28 ▼ 2.74% EMBRAER ADR 64.17 ▼ 2.79% JBS 11.81 ▼ 0.88% JBS BDR 60.52 ▼ 0.43% MBRF3 15.96 ▲ 2.64% MBRFY 3.06 ▲ 1.32% INTER 5.65 ▼ 2.92% EGX 52,608 ▲ 0.67% USD/ZAR16.44▲ 0.74% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.45▲ 0.45% USD/CNY6.77▼ 0.14% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD1.14▼ 0.10% GBP/USD1.34▼ 0.22% SPX 7,518 ▼ 0.76% DJI 52,463 ▼ 0.33% NDX 29,271 ▼ 1.86% RUT 2,953 ▼ 0.82% TSX 35,272 ▼ 0.09% VIX 16.64 ▲ 10.71% USD/CAD1.42▼ 0.08% US10Y 4.6140 ▲ 0.98% IBOV 175,689 ▼ 1.22% IPSA 10,967 ▼ 0.81% IPC MEX 66,095 ▼ 0.60% MERVAL 3,262,267 ▼ 0.55% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.39% USD/BRL 5.13 ▲ 0.46% USD/MXN 17.52 ▲ 0.31% USD/CLP 930.72 ▲ 0.63% USD/COP 3,242 ▼ 0.11% USD/PEN 3.41 ▲ 0.44% USD/ARS 1,482 ▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.30 ▼ 0.31% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.30% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.84 ▲ 0.40% BRENT 82.67 ▲ 8.76% WTI 77.63 ▲ 8.71% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.59% GOLD 3,998 ▼ 2.58% SILVER 57.70 ▼ 3.53% SOY 1,199 ▲ 0.17% CORN 464.50 ▲ 6.05% WHEAT 637.00 ▲ 0.79% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.80 ▼ 6.80% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.23 ▼ 2.90% PETR4 40.88 ▲ 3.10% VALE3 72.51 ▼ 2.25% ITUB4 43.63 ▼ 1.51% BBDC4 18.75 ▼ 0.58% ABEV3 15.81 ▼ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 14.96 ▼ 2.98% WEGE3 44.50 ▼ 4.32% PRIO3 56.90 ▲ 2.62% SUZB3 41.63 ▲ 0.19% RENT3 40.23 ▼ 2.12% AZZA3 19.12 ▲ 0.10% CSAN3 3.89 ▼ 4.42% RAIZ4 0.33 ▼ 5.71% PCAR3 2.62 ▼ 4.03% GMAT3 3.94 ▼ 0.76% PSSA3 53.88 ▼ 1.98% CVCB3 1.24 ▼ 0.80% POSI3 3.90 ▼ 1.76% SLCE3 13.97 ▼ 0.36% NATU3 8.68 — 0.00% BRKM5 6.63 — 0.00% RANI3 7.93 ▼ 1.00% CSNA3 5.21 ▲ 0.58% CMIN3 5.51 ▲ 5.35% USIM5 8.33 ▼ 1.42% GGBR4 22.86 ▼ 0.65% ENEV3 26.96 ▼ 2.14% CPFE3 46.96 ▼ 1.90% CMIG4 11.08 ▼ 2.64% EQTL3 40.02 ▼ 2.18% LREN3 14.26 ▼ 2.46% VIVT3 35.07 ▼ 1.90% RAIL3 14.04 ▼ 2.23% KLABIN 17.51 ▼ 0.17% RAIA DROGASIL 18.24 ▼ 2.82% RDOR3 35.45 ▼ 1.58% HAPV3 10.34 ▼ 2.45% FLRY3 16.17 ▼ 1.52% SMTO3 16.62 ▲ 1.53% UGPA3 30.95 ▲ 0.78% VBBR3 32.97 ▼ 0.09% BBSE3 40.28 ▼ 0.17% BPAC11 57.54 ▼ 2.03% CURY3 33.32 ▼ 2.60% AERI3 2.07 ▼ 0.96% VIVARA 23.16 ▼ 1.57% COMPASS 24.78 ▼ 2.82% VAMOS 3.00 ▼ 1.96% SANB11 27.21 ▼ 1.48% ASAI3 8.67 ▼ 2.25% SBSP3 30.27 ▼ 2.70% WALMEX 49.78 ▲ 0.93% GMEXICO 195.39 ▼ 1.93% FEMSA 225.66 ▲ 1.05% CEMEX 21.60 ▼ 1.19% GFNORTE 183.03 ▼ 1.91% BIMBO 55.99 ▼ 0.20% TELEVISA 9.70 ▼ 0.31% AMX 22.96 ▲ 1.15% GAP 409.20 ▼ 0.79% ASUR 280.02 ▼ 1.79% OMA 233.59 ▼ 1.22% KOF 180.79 ▲ 0.36% GRUMA 283.00 ▼ 0.19% KIMBER 38.20 ▲ 0.34% SQM-B 67,081 ▼ 0.99% COPEC 6,107 ▼ 0.53% BSANTANDER 77.71 ▼ 1.63% FALABELLA 5,949 ▲ 0.75% ENELAM 85.00 ▼ 0.47% CENCOSUD 2,045 ▼ 0.00% CMPC 1,087 ▼ 2.01% BANCO CHILE 184.06 ▼ 2.55% LATAM AIR 25.43 ▼ 3.16% YPF 77,350 ▲ 3.97% GGAL 8,190 ▼ 1.74% PAMPA 5,270 ▲ 1.74% TXAR 668.00 ▼ 0.45% ALUAR 973.00 ▼ 0.26% TGS 9,660 ▲ 0.68% CEPU 2,355 ▼ 1.71% MIRGOR 17,075 ▼ 1.01% COME 44.74 ▼ 2.55% LOMA NEGRA 3,528 ▼ 1.54% BYMA 307.00 ▼ 2.23% TELECOM ARG 4,230 ▼ 0.35% ECOPETROL 15.92 ▲ 2.15% BANCOLOMBIA 81.33 ▼ 1.95% GRUPO AVAL 4.97 ▼ 1.97% CREDICORP 390.34 ▼ 2.61% SOUTHERN COPPER 174.32 ▼ 0.86% BUENAVENTURA 29.75 ▼ 0.83% MERCADOLIBRE 1,871 ▲ 1.00% NUBANK 13.77 ▲ 0.04% XP 16.34 ▼ 3.46% PAGSEGURO 9.34 ▲ 0.92% STONE 11.17 ▼ 0.40% GLOBANT 32.17 ▲ 7.38% TECNOGLASS 42.30 ▼ 3.64% GAP AIRPORT 233.51 ▼ 0.90% ASUR 280.02 ▼ 1.79% OMA AIRPORT 106.59 ▼ 1.34% AMX ADR 26.15 ▲ 0.54% FEMSA ADR 128.79 ▲ 0.89% CEMEX ADR 12.36 ▼ 1.00% PETROBRAS ADR 17.88 ▲ 3.20% VALE ADR 14.10 ▼ 2.49% ITAU ADR 8.50 ▼ 1.39% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.07 ▼ 0.16% CSN 1.01 — 0.00% GERDAU 4.47 ▼ 0.67% LATAM ADR 54.51 ▼ 3.45% BTC 61,857 ▼ 2.98% ETH 1,755 ▼ 2.81% SOL 74.67 ▼ 2.87% XRP 1.06 ▼ 2.50% BNB 562.89 ▼ 1.93% ADA 0.16 ▼ 3.12% DOGE 0.07 ▼ 2.22% AVAX 6.43 ▲ 0.44% LINK 7.81 ▼ 2.25% DOT 0.83 ▼ 2.04% LTC 42.98 ▼ 2.25% BCH 235.89 ▼ 1.70% TRX 0.33 ▼ 1.85% XLM 0.18 ▼ 2.71% HBAR 0.07 ▼ 2.03% NEAR 1.92 ▲ 1.45% ATOM 1.53 ▼ 1.92% AAVE 94.06 ▼ 3.09% SELIC 14.25% EMBRAER 82.28 ▼ 2.74% EMBRAER ADR 64.17 ▼ 2.79% JBS 11.81 ▼ 0.88% JBS BDR 60.52 ▼ 0.43% MBRF3 15.96 ▲ 2.64% MBRFY 3.06 ▲ 1.32% INTER 5.65 ▼ 2.92% EGX 52,608 ▲ 0.67% USD/ZAR 16.44 ▲ 0.57% USD/NGN 1,378 ▲ 0.15% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.45 ▲ 0.48% USD/CNY 6.7677 ▲ 0.01% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD 1.1390 ▼ 0.25% GBP/USD 1.3360 ▼ 0.28% SPX 7,518 ▼ 0.76% DJI 52,463 ▼ 0.33% NDX 29,271 ▼ 1.86% RUT 2,953 ▼ 0.82% TSX 35,272 ▼ 0.09% VIX 16.64 ▲ 10.71% USD/CAD 1.4147 ▼ 0.04% US10Y 4.6140 ▲ 0.98%
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Monday, July 13, 2026

Brazil Brazil Tax reform

Carla Zambelli Joins Conservative Exodus as Brazil Faces Political Upheaval

By · June 3, 2025 · 2 min read

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Carla Zambelli, a federal deputy from São Paulo, left Brazil for Europe after the Supreme Federal Court sentenced her to ten years in prison for orchestrating a cyberattack on the National Justice Council’s electronic system in 2023.

This ruling, confirmed unanimously by the court’s First Chamber, also ordered her to pay R$2 million (about US$356,000) in collective damages.

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The Prosecutor General’s Office identified Zambelli as the mastermind behind the hack, which involved issuing a false arrest warrant against a Supreme Court justice.

Investigators found that confessed hacker Walter Delgatti carried out the attack at her request. Delgatti received an eight-year sentence and shares financial liability with Zambelli.

Zambelli’s departure follows a growing trend among Brazil’s conservative figures who claim judicial persecution.

She cited her European citizenship as a reason for feeling secure abroad and announced plans to request a leave from her parliamentary duties.

Carla Zambelli Joins Conservative Exodus as Brazil Faces Political Upheaval
Carla Zambelli Joins Conservative Exodus as Brazil Faces Political Upheaval. (Photo Internet reproduction)
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Zambelli’s defense challenged the fairness of her virtual trial and argued that the evidence against her was insufficient.

She faces a separate criminal case for brandishing a firearm and stalking a journalist in 2022, for which the court has already voted for a five-year sentence, though final proceedings remain pending.

Her exit mirrors recent moves by other prominent conservatives. Eduardo Bolsonaro, son of former president Jair Bolsonaro, relocated to the United States in early 2025, stating he would seek political asylum.

He claimed that judicial actions targeting him and his family amount to political persecution. Eduardo’s case followed calls from lawmakers to seize his passport, though no formal charges were filed against him.

He has used his time abroad to rally international support for Brazil’s right-wing movement and criticized the judiciary’s role in prosecuting figures linked to the 2023 Brasília protests and alleged coup plots.

Brazil’s Conservative Exodus

This pattern extends beyond politicians. Journalists and influencers such as Allan dos Santos, Ludmila Lins Grilo, and Monark have also left Brazil, citing legal threats and blocked social media accounts.

Many of these exiles argue they only exercised free speech, yet face severe penalties at home.

Critics of Brazil’s Supreme Court claim its actions resemble those of authoritarian regimes, while supporters argue such measures are necessary to protect democratic institutions from misinformation and unrest.

The exodus of conservative voices raises questions about Brazil’s political stability and the resilience of its democratic framework.

With about 30% of the electorate identifying with the right, the departure of high-profile figures like Zambelli and Eduardo Bolsonaro signals a deepening divide.

These developments have direct implications for Brazil’s business environment, as political uncertainty can affect investor confidence and the broader economy.

Zambelli’s move to Europe, following the path of other conservative exiles, illustrates how Brazil’s internal conflicts are now shaping international narratives about democracy, justice, and political freedom.

For the full picture, see our Brazil Tax Reform: Complete Guide.

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