IBOV 172,236.05 ▲ 2.22% IPC MEX 72,104.80 ▲ 1.00% MERVAL 2,848,945 — — USD/BRL5.51▲ 0.04% USD/MXN18.53▼ 0.53% USD/CLP966.96▼ 0.99% USD/COP3,269▲ 0.88% USD/PEN3.41▼ 1.07% USD/ARS1,545▼ 0.02% USD/UYU40.45▲ 0.35% USD/PYG6,450▲ 1.45% USD/BOB11.74▼ 0.59% USD/DOP60.40▼ 0.31% USD/CRC446.56▼ 0.38% USD/GTQ7.64▼ 0.05% USD/HNL26.89▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES897.02▲ 0.07% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▼ 0.02% USD/TTD6.72▼ 0.03% EUR/BRL6.18▲ 0.86% BRENT 91.81 ▼ 0.82% WTI 85.97 ▼ 1.01% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.68% GOLD 4,139 ▲ 0.59% SILVER 53.23 ▲ 1.26% SOY 1,193 ▲ 0.89% CORN 440.75 ▲ 0.34% WHEAT 591.00 ▲ 0.51% COFFEE 266.70 ▼ 4.75% SUGAR 18.21 ▼ 0.16% ORANGE JUICE 143.50 ▲ 7.85% COTTON 78.65 ▼ 0.58% COCOA 5,113 ▼ 0.81% BEEF 216.33 ▲ 1.06% CATTLE 324.80 ▲ 0.77% LITHIUM 61.35 ▲ 1.94% PETR4 45.19 ▼ 0.24% VALE3 66.11 ▲ 3.23% ITUB4 41.72 ▲ 2.94% BBDC4 14.68 ▲ 3.38% ABEV3 15.61 ▲ 0.84% BBAS3 17.02 ▼ 0.64% B3SA3 14.85 ▲ 3.20% WEGE3 50.74 ▲ 5.29% PRIO3 59.39 ▼ 1.80% SUZB3 54.20 ▲ 1.50% RENT3 30.83 ▲ 1.78% AZZA3 15.12 ▲ 2.44% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.43 ▲ 1.25% GMAT3 3.83 ▲ 0.79% PSSA3 45.65 ▲ 2.93% CVCB3 0.87 ▲ 3.57% POSI3 3.03 ▼ 1.94% SLCE3 17.30 ▲ 4.15% NATU3 5.71 ▲ 10.44% BRKM5 3.02 ▼ 5.63% RANI3 8.76 ▲ 3.44% CSNA3 4.49 ▲ 1.81% IBOV 172,236.05 ▲ 2.22% IPC MEX 72,104.80 ▲ 1.00% MERVAL 2,848,945 — — USD/BRL 5.51 ▲ 0.04% USD/MXN 18.53 ▼ 0.54% USD/CLP 966.96 ▼ 0.99% USD/COP 3,269 ▲ 0.88% USD/PEN 3.41 ▼ 1.07% USD/ARS 1,545 ▼ 0.02% USD/UYU 40.45 ▲ 0.35% USD/PYG 6,450 ▲ 1.45% USD/BOB 11.74 ▼ 0.59% USD/DOP 60.40 ▼ 0.31% USD/CRC 446.56 ▼ 0.38% USD/GTQ 7.64 ▼ 0.05% USD/HNL 26.89 ▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES 897.02 ▲ 0.07% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.64% USD/TTD 6.72 ▲ 2.40% EUR/BRL 6.18 ▲ 0.86% BRENT 91.81 ▼ 0.82% WTI 85.97 ▼ 1.01% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.68% GOLD 4,139 ▲ 0.59% SILVER 53.23 ▲ 1.26% SOY 1,193 ▲ 0.89% CORN 440.75 ▲ 0.34% WHEAT 591.00 ▲ 0.51% COFFEE 266.70 ▼ 4.75% SUGAR 18.21 ▼ 0.16% ORANGE JUICE 143.50 ▲ 7.85% COTTON 78.65 ▼ 0.58% COCOA 5,113 ▼ 0.81% BEEF 216.33 ▲ 1.06% CATTLE 324.80 ▲ 0.77% LITHIUM 61.35 ▲ 1.94% PETR4 45.19 ▼ 0.24% VALE3 66.11 ▲ 3.23% ITUB4 41.72 ▲ 2.94% BBDC4 14.68 ▲ 3.38% ABEV3 15.61 ▲ 0.84% BBAS3 17.02 ▼ 0.64% B3SA3 14.85 ▲ 3.20% WEGE3 50.74 ▲ 5.29% PRIO3 59.39 ▼ 1.80% SUZB3 54.20 ▲ 1.50% RENT3 30.83 ▲ 1.78% AZZA3 15.12 ▲ 2.44% CSAN3 2.77 — 0.00% RAIZ4 28.00 ▲ 2.56% PCAR3 2.43 ▲ 1.25% GMAT3 3.83 ▲ 0.79% PSSA3 45.65 ▲ 2.93% CVCB3 0.87 ▲ 3.57% POSI3 3.03 ▼ 1.94% SLCE3 17.30 ▲ 4.15% NATU3 5.71 ▲ 10.44% BRKM5 3.02 ▼ 5.63% RANI3 8.76 ▲ 3.44% CSNA3 4.49 ▲ 1.81%
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Tuesday, November 10, 2026

Argentina Brazil

Lula Finally Meets Milei: South American Giants Face Off at G20 in Rio

By · · 3 min read

The upcoming G20 Leaders’ Summit in Rio de Janeiro is poised to be a significant event on the global stage. The meeting, scheduled for November 18-19, will bring together heads of state from the world’s major economies.

This year’s summit carries extra weight due to recent political shifts and ongoing global challenges. American President Joe Biden’s participation is a key focus of the summit.

Biden arrives politically weakened after his party’s recent election defeat. However, he aims to solidify his legacy and provide direction for the Democratic Party’s future.

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His presence is largely symbolic, as he seeks to demonstrate the Democrats’ distinct international agenda. The summit’s outcomes may face uncertainty due to the upcoming change in U.S. leadership.

President-elect Donald Trump is unlikely to continue Biden‘s G20 commitments. This includes potential withdrawal from initiatives like the Global Alliance Against Hunger, which Biden had agreed to join.

Lula Finally Meets Milei: South American Giants Face Off at G20 in Rio
Lula Finally Meets Milei: South American Giants Face Off at G20 in Rio.
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While American influence recalibrates, European and Asian powers are trying to fill the diplomatic space, with EU leaders taking prominent roles at the summit.

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This includes European Commission President Ursula von der Leyen and other high-ranking EU officials. Their attendance signals the EU’s growing importance as a partner for Brazil on issues like environmental protection and digital regulation.

G20 Summit in Brasília

China’s President Xi Jinping will attend the G20 and meet with Brazilian President Lula in Brasília. This marks Xi’s first visit to Brazil since Lula’s return to office.

Other BRICS leaders, including South Africa’s Cyril Ramaphosa and India’s Narendra Modi, will also attend. However, Russian President Vladimir Putin will be absent, represented instead by Foreign Minister Sergei Lavrov.

A notable meeting will occur between Lula and Argentina’s President Javier Milei. This first encounter between the leaders of South America’s largest economies is highly anticipated.

Milei’s participation may provide a voice for right-wing populism at the G20. The summit will also welcome 19 additional nations as guests.

These include countries from various regions, expanding the dialogue beyond the core G20 members. Fifteen international organizations, such as the IMF and UN, will also participate.

The G20 summit serves as a platform for both formal discussions and informal bilateral meetings. Leaders often use this opportunity for candid conversations on pressing global issues.

This year, the recent U.S. election results are likely to be a hot topic in these side discussions. As the world’s attention turns to this gathering, the outcomes of the G20 summit could influence international cooperation.

These results may also shape policy directions for the coming year. The meeting reflects the complex dynamics of global politics and economics in an era of shifting power balances.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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