IBOV 176,210 ▼ 0.81% IPSA 10,564 ▼ 0.34% IPC MEX 68,333 ▼ 0.07% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.04 ▲ 0.72% USD/MXN 17.32 ▲ 0.10% USD/CLP 900.71 ▲ 0.22% USD/COP 3,655 ▼ 1.87% USD/PEN 3.42 ▲ 0.30% USD/ARS 1,399 ▲ 0.67% USD/UYU 39.92 ▲ 0.28% USD/PYG 6,064 ▲ 0.21% USD/BOB 6.86 ▲ 1.79% USD/DOP 58.86 ▲ 0.44% USD/CRC 451.95 ▲ 2.72% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.61 ▲ 0.32% USD/NIO 36.62 ▲ 0.26% USD/VES 525.55 ▲ 0.48% USD/PAB 1.00 ▲ 2.23% USD/BZD 2.00 ▲ 1.66% USD/JMD 156.56 ▲ 0.45% USD/TTD 6.71 ▲ 0.87% EUR/BRL 5.85 ▲ 0.45% BRENT 103.94 ▲ 1.33% WTI 97.00 ▲ 0.67% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.97% GOLD 4,511 ▼ 0.65% SILVER 75.92 ▼ 0.65% SOY 1,197 ▲ 0.25% CORN 463.75 ▲ 0.32% WHEAT 647.00 ▼ 0.08% COFFEE 271.45 ▼ 0.71% SUGAR 14.68 ▼ 1.48% ORANGE JUICE 166.80 ▲ 0.12% COTTON 77.70 ▼ 0.36% COCOA 3,818 ▲ 1.35% BEEF 239.38 ▼ 3.92% CATTLE 350.18 ▼ 5.13% LITHIUM 85.28 ▲ 1.07% PETR4 44.48 ▼ 1.05% VALE3 83.10 ▲ 0.57% ITUB4 39.43 ▼ 1.72% BBDC4 17.62 ▼ 1.56% ABEV3 16.10 ▼ 1.83% BBAS3 20.94 ▲ 0.58% B3SA3 16.66 ▼ 2.12% WEGE3 42.73 ▲ 0.61% PRIO3 68.40 ▲ 0.59% SUZB3 41.70 ▼ 1.33% RENT3 43.35 ▼ 1.57% AZZA3 20.72 ▲ 3.86% CSAN3 4.29 ▼ 2.50% RAIZ4 0.39 — 0.00% PCAR3 2.08 ▼ 1.42% GMAT3 4.39 ▼ 0.90% PSSA3 49.17 ▼ 0.59% CVCB3 1.77 ▼ 0.56% POSI3 4.06 ▼ 0.73% SLCE3 16.07 ▼ 2.61% NATU3 10.10 ▼ 0.98% BRKM5 11.97 ▼ 0.50% RANI3 8.08 ▲ 0.25% CSNA3 6.73 ▲ 6.15% CMIN3 4.48 ▲ 1.13% USIM5 10.35 ▲ 5.61% GGBR4 24.01 ▲ 2.17% ENEV3 24.96 ▼ 2.19% NEOE3 33.80 — 0.00% CPFE3 43.31 ▼ 0.89% CMIG4 11.22 ▼ 1.23% EQTL3 37.67 ▼ 1.23% LREN3 15.07 ▲ 1.48% VIVT3 34.81 ▼ 1.36% RAIL3 14.21 ▼ 3.14% KLABIN 16.46 ▼ 0.30% RAIA DROGASIL 18.19 ▼ 2.47% RDOR3 34.07 ▼ 1.50% HAPV3 12.05 ▼ 2.35% FLRY3 15.69 — 0.00% SMTO3 17.60 ▼ 0.23% UGPA3 28.70 ▼ 1.54% VBBR3 32.75 ▼ 1.98% BBSE3 34.47 ▼ 0.78% BPAC11 53.93 ▼ 0.81% CURY3 30.53 ▼ 2.15% AERI3 2.40 ▲ 5.26% VIVARA 22.19 ▼ 0.58% COMPASS 26.90 ▼ 0.41% VAMOS 3.25 ▼ 3.56% SANB11 27.10 ▼ 1.78% ASAI3 8.44 ▼ 0.47% SBSP3 28.46 ▼ 0.56% WALMEX 55.53 ▲ 0.43% GMEXICO 205.95 ▲ 1.44% FEMSA 209.93 ▼ 0.21% CEMEX 21.83 ▲ 0.32% GFNORTE 191.22 ▲ 2.30% BIMBO 58.22 ▲ 0.47% TELEVISA 9.77 ▲ 0.93% AMX 22.66 ▼ 0.61% GAP 416.34 ▼ 0.94% ASUR 301.98 ▼ 2.18% OMA 222.78 ▼ 1.26% KOF 185.71 ▼ 0.13% GRUMA 292.47 ▼ 0.40% KIMBER 37.60 ▼ 1.36% SQM-B 71,950 ▼ 1.30% COPEC 6,400 ▼ 0.40% BSANTANDER 70.20 ▲ 0.14% FALABELLA 5,719 ▲ 2.13% ENELAM 77.00 ▲ 1.05% CENCOSUD 2,116 ▼ 2.94% CMPC 1,095 — 0.00% BANCO CHILE 169.00 ▼ 1.69% LATAM AIR 22.59 ▲ 0.09% YPF 71,025 ▲ 0.25% GGAL 6,455 ▼ 0.54% PAMPA 4,793 ▼ 0.93% TXAR 634.00 ▼ 0.55% ALUAR 947.00 ▲ 2.05% TGS 8,685 ▼ 1.81% CEPU 2,077 ▼ 3.03% MIRGOR 16,350 ▲ 0.46% COME 43.70 ▼ 2.35% LOMA NEGRA 3,278 ▼ 2.16% BYMA 285.25 ▲ 3.16% TELECOM ARG 3,493 ▼ 1.06% ECOPETROL 13.85 ▼ 0.11% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.10 ▼ 2.88% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.48 ▼ 0.68% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.17 ▼ 0.07% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.98 ▼ 2.18% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.13 ▼ 0.76% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.57 ▼ 0.16% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.47 — 0.00% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.40 ▼ 2.97% AMBEV ADR 3.20 ▼ 2.29% CSN 1.35 ▲ 5.08% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 75,633 ▼ 2.46% ETH 2,068 ▼ 2.97% SOL 84.85 ▼ 2.65% XRP 1.34 ▼ 2.40% BNB 651.36 ▼ 0.91% ADA 0.25 ▼ 2.06% DOGE 0.10 ▼ 2.05% AVAX 9.22 ▼ 2.34% LINK 9.49 ▼ 2.55% DOT 1.28 ▼ 0.84% LTC 53.22 ▼ 1.68% BCH 372.93 ▼ 2.00% TRX 0.36 ▼ 0.65% XLM 0.14 ▼ 1.37% HBAR 0.09 ▼ 1.31% NEAR 2.08 ▲ 8.03% ATOM 2.08 ▲ 1.62% AAVE 86.32 ▼ 1.89% SELIC 14.50% EMBRAER 72.33 ▲ 2.15% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.24 ▲ 0.44% MBRF3 16.60 ▼ 4.05% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75% EGX 52,091 ▲ 0.30% USD/ZAR 16.46 ▲ 0.11% USD/NGN 1,370 ▲ 0.10% NIKKEI 63,339 ▲ 2.68% CSI300 4,845 ▲ 1.30% HSI 25,606 ▲ 0.86% NIFTY 23,719 ▲ 0.27% KOSPI 7,848 ▲ 0.41% JCI 6,162 ▲ 1.10% USD/JPY 159.16 ▲ 0.13% USD/CNY 6.7940 ▼ 0.12% DAX 24,889 ▲ 1.15% CAC 8,116 ▲ 0.37% FTSE 10,466 ▲ 0.22% MIB 49,511 ▲ 0.70% IBEX 17,985 ▲ 0.06% STOXX 625.12 ▲ 0.73% EUR/USD 1.1605 ▼ 0.16% GBP/USD 1.3433 ▲ 0.02% SPX 7,473 ▲ 0.37% DJI 50,580 ▲ 0.58% NDX 29,482 ▲ 0.42% RUT 2,869 ▲ 0.91% TSX 34,471 ▲ 0.18% VIX 16.70 ▼ 0.36% USD/CAD 1.3820 ▲ 0.34% US10Y 4.5580 ▼ 0.61% IBOV 176,210 ▼ 0.81% IPSA 10,564 ▼ 0.34% IPC MEX 68,333 ▼ 0.07% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.04 ▲ 0.72% USD/MXN 17.32 ▲ 0.10% USD/CLP 900.71 ▲ 0.22% USD/COP 3,655 ▼ 1.87% USD/PEN 3.42 ▲ 0.30% USD/ARS 1,399 ▲ 0.67% USD/UYU 39.92 ▲ 0.28% USD/PYG 6,064 ▲ 0.21% USD/BOB 6.86 ▲ 1.79% USD/DOP 58.86 ▲ 0.44% USD/CRC 451.95 ▲ 2.72% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.61 ▲ 0.32% USD/NIO 36.62 ▲ 0.26% USD/VES 525.55 ▲ 0.48% USD/PAB 1.00 ▲ 2.23% USD/BZD 2.00 ▲ 1.66% USD/JMD 156.56 ▲ 0.45% USD/TTD 6.71 ▲ 0.87% EUR/BRL 5.85 ▲ 0.45% BRENT 103.94 ▲ 1.33% WTI 97.00 ▲ 0.67% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.97% GOLD 4,511 ▼ 0.65% SILVER 75.92 ▼ 0.65% SOY 1,197 ▲ 0.25% CORN 463.75 ▲ 0.32% WHEAT 647.00 ▼ 0.08% COFFEE 271.45 ▼ 0.71% SUGAR 14.68 ▼ 1.48% ORANGE JUICE 166.80 ▲ 0.12% COTTON 77.70 ▼ 0.36% COCOA 3,818 ▲ 1.35% BEEF 239.38 ▼ 3.92% CATTLE 350.18 ▼ 5.13% LITHIUM 85.28 ▲ 1.07% PETR4 44.48 ▼ 1.05% VALE3 83.10 ▲ 0.57% ITUB4 39.43 ▼ 1.72% BBDC4 17.62 ▼ 1.56% ABEV3 16.10 ▼ 1.83% BBAS3 20.94 ▲ 0.58% B3SA3 16.66 ▼ 2.12% WEGE3 42.73 ▲ 0.61% PRIO3 68.40 ▲ 0.59% SUZB3 41.70 ▼ 1.33% RENT3 43.35 ▼ 1.57% AZZA3 20.72 ▲ 3.86% CSAN3 4.29 ▼ 2.50% RAIZ4 0.39 — 0.00% PCAR3 2.08 ▼ 1.42% GMAT3 4.39 ▼ 0.90% PSSA3 49.17 ▼ 0.59% CVCB3 1.77 ▼ 0.56% POSI3 4.06 ▼ 0.73% SLCE3 16.07 ▼ 2.61% NATU3 10.10 ▼ 0.98% BRKM5 11.97 ▼ 0.50% RANI3 8.08 ▲ 0.25% CSNA3 6.73 ▲ 6.15% CMIN3 4.48 ▲ 1.13% USIM5 10.35 ▲ 5.61% GGBR4 24.01 ▲ 2.17% ENEV3 24.96 ▼ 2.19% NEOE3 33.80 — 0.00% CPFE3 43.31 ▼ 0.89% CMIG4 11.22 ▼ 1.23% EQTL3 37.67 ▼ 1.23% LREN3 15.07 ▲ 1.48% VIVT3 34.81 ▼ 1.36% RAIL3 14.21 ▼ 3.14% KLABIN 16.46 ▼ 0.30% RAIA DROGASIL 18.19 ▼ 2.47% RDOR3 34.07 ▼ 1.50% HAPV3 12.05 ▼ 2.35% FLRY3 15.69 — 0.00% SMTO3 17.60 ▼ 0.23% UGPA3 28.70 ▼ 1.54% VBBR3 32.75 ▼ 1.98% BBSE3 34.47 ▼ 0.78% BPAC11 53.93 ▼ 0.81% CURY3 30.53 ▼ 2.15% AERI3 2.40 ▲ 5.26% VIVARA 22.19 ▼ 0.58% COMPASS 26.90 ▼ 0.41% VAMOS 3.25 ▼ 3.56% SANB11 27.10 ▼ 1.78% ASAI3 8.44 ▼ 0.47% SBSP3 28.46 ▼ 0.56% WALMEX 55.53 ▲ 0.43% GMEXICO 205.95 ▲ 1.44% FEMSA 209.93 ▼ 0.21% CEMEX 21.83 ▲ 0.32% GFNORTE 191.22 ▲ 2.30% BIMBO 58.22 ▲ 0.47% TELEVISA 9.77 ▲ 0.93% AMX 22.66 ▼ 0.61% GAP 416.34 ▼ 0.94% ASUR 301.98 ▼ 2.18% OMA 222.78 ▼ 1.26% KOF 185.71 ▼ 0.13% GRUMA 292.47 ▼ 0.40% KIMBER 37.60 ▼ 1.36% SQM-B 71,950 ▼ 1.30% COPEC 6,400 ▼ 0.40% BSANTANDER 70.20 ▲ 0.14% FALABELLA 5,719 ▲ 2.13% ENELAM 77.00 ▲ 1.05% CENCOSUD 2,116 ▼ 2.94% CMPC 1,095 — 0.00% BANCO CHILE 169.00 ▼ 1.69% LATAM AIR 22.59 ▲ 0.09% YPF 71,025 ▲ 0.25% GGAL 6,455 ▼ 0.54% PAMPA 4,793 ▼ 0.93% TXAR 634.00 ▼ 0.55% ALUAR 947.00 ▲ 2.05% TGS 8,685 ▼ 1.81% CEPU 2,077 ▼ 3.03% MIRGOR 16,350 ▲ 0.46% COME 43.70 ▼ 2.35% LOMA NEGRA 3,278 ▼ 2.16% BYMA 285.25 ▲ 3.16% TELECOM ARG 3,493 ▼ 1.06% ECOPETROL 13.85 ▼ 0.11% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.10 ▼ 2.88% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.48 ▼ 0.68% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.17 ▼ 0.07% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.98 ▼ 2.18% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.13 ▼ 0.76% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.57 ▼ 0.16% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.47 — 0.00% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.40 ▼ 2.97% AMBEV ADR 3.20 ▼ 2.29% CSN 1.35 ▲ 5.08% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 75,633 ▼ 2.46% ETH 2,068 ▼ 2.97% SOL 84.85 ▼ 2.65% XRP 1.34 ▼ 2.40% BNB 651.36 ▼ 0.91% ADA 0.25 ▼ 2.06% DOGE 0.10 ▼ 2.05% AVAX 9.22 ▼ 2.34% LINK 9.49 ▼ 2.55% DOT 1.28 ▼ 0.84% LTC 53.22 ▼ 1.68% BCH 372.93 ▼ 2.00% TRX 0.36 ▼ 0.65% XLM 0.14 ▼ 1.37% HBAR 0.09 ▼ 1.31% NEAR 2.08 ▲ 8.03% ATOM 2.08 ▲ 1.62% AAVE 86.32 ▼ 1.89% SELIC 14.50% EMBRAER 72.33 ▲ 2.15% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.24 ▲ 0.44% MBRF3 16.60 ▼ 4.05% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75% EGX 52,091 ▲ 0.30% USD/ZAR 16.46 ▲ 0.11% USD/NGN 1,370 ▲ 0.10% NIKKEI 63,339 ▲ 2.68% CSI300 4,845 ▲ 1.30% HSI 25,606 ▲ 0.86% NIFTY 23,719 ▲ 0.27% KOSPI 7,848 ▲ 0.41% JCI 6,162 ▲ 1.10% USD/JPY 159.16 ▲ 0.13% USD/CNY 6.7940 ▼ 0.12% DAX 24,889 ▲ 1.15% CAC 8,116 ▲ 0.37% FTSE 10,466 ▲ 0.22% MIB 49,511 ▲ 0.70% IBEX 17,985 ▲ 0.06% STOXX 625.12 ▲ 0.73% EUR/USD 1.1605 ▼ 0.16% GBP/USD 1.3433 ▲ 0.02% SPX 7,473 ▲ 0.37% DJI 50,580 ▲ 0.58% NDX 29,482 ▲ 0.42% RUT 2,869 ▲ 0.91% TSX 34,471 ▲ 0.18% VIX 16.70 ▼ 0.36% USD/CAD 1.3820 ▲ 0.34% US10Y 4.5580 ▼ 0.61%
since 2009
Friday, May 22, 2026

Diplomatic Rift: Brazil and Nicaragua’s Frayed Ties

By · August 8, 2024 · 2 min read

On August 8, 2024, Brazil confirmed the sudden and unexpected expulsion of its ambassador to Nicaragua, Breno Souza da Costa.

This action followed Brazil’s absence from Nicaragua’s 45th Sandinista Revolution anniversary. In a reciprocal move, Brazil expelled Nicaragua’s ambassador, Fulvia Patricia Castro Matu.

Tensions had escalated due to Brazil’s decision to skip the anniversary celebration in Managua. Nicaragua saw this as a diplomatic insult and gave Ambassador Costa 15 days to depart.

The conflict originated from Nicaragua’s harsh actions against the Catholic Church, led by President Daniel Ortega in 2022.

Ortega’s regime confiscated church properties and detained critical clergy. Brazil sought to mediate between the Vatican and Managua, advocating for the clergy’s release.

Diplomatic Rift: Brazil and Nicaragua's Frayed Ties. (Photo Internet reproduction)
Diplomatic Rift: Brazil and Nicaragua’s Frayed Ties. (Photo Internet reproduction)

Ortega, however, disregarded these pleas, prompting Brazil to suspend diplomatic relations for a year.

In a meeting with Foreign Minister Mauro Vieira, President Lula decided to expel Nicaragua’s ambassador.

Meanwhile, Nicaragua has not yet responded to Brazil’s action, leaving the next steps uncertain.

These expulsions signal a severe deterioration in bilateral relations but do not cut off all diplomatic ties.

The situation highlights Latin America’s geopolitical tensions, where similar ideological backgrounds clash over politics and human rights.

Economic interactions continue despite political strains. From January to July 2024, Brazilian exports to Nicaragua reached $68.4 million; imports stood at $3 million.

The mutual expulsion of ambassadors underscores a significant diplomatic conflict, driven by Brazil’s response to Nicaragua’s domestic repression.

The ongoing situation could shape broader regional diplomacy and economic interactions, underscoring the delicate balance between politics and commerce in Latin America.

 

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