IBOV 168,498.45 ▲ 1.39% IPC MEX 70,968.43 ▼ 0.17% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.17% USD/MXN18.60▼ 0.84% USD/CLP975.74▼ 0.29% USD/COP3,240▲ 0.38% USD/PEN3.44▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.48% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.56▲ 0.43% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.24% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.69% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.90% USD/TTD6.72▲ 2.39% EUR/BRL6.13▲ 0.07% BRENT 98.32 ▲ 0.03% WTI 90.83 ▲ 0.34% IRON ORE 161.91 — — COPPER 6.24 ▼ 0.18% GOLD 4,075 ▼ 0.94% SILVER 51.94 ▼ 0.56% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 138.95 ▲ 8.17% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89% IBOV 168,498.45 ▲ 1.39% IPC MEX 70,968.43 ▼ 0.17% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.17% USD/MXN 18.60 ▼ 0.84% USD/CLP 975.74 ▼ 0.29% USD/COP 3,240 ▲ 0.38% USD/PEN 3.44 ▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.48% USD/PYG 6,358 ▲ 8.23% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.56 ▲ 0.43% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.24% USD/HNL 26.88 ▲ 3.25% USD/NIO 36.62 ▲ 2.69% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.90% USD/TTD 6.72 ▲ 2.39% EUR/BRL 6.13 ▲ 0.07% BRENT 98.32 ▲ 0.03% WTI 90.83 ▲ 0.34% IRON ORE 161.91 — — COPPER 6.24 ▼ 0.18% GOLD 4,075 ▼ 0.94% SILVER 51.94 ▼ 0.56% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 138.95 ▲ 8.17% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89%
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Saturday, November 7, 2026

Milei Extends Olive Branch to Lula After Previous Tensions

By · April 18, 2024 · 2 min read

In a significant gesture, Argentine President Javier Milei has invited Brazilian President Luiz Inácio Lula da Silva for an informal meeting, aiming to mend past tensions.

Previously calling Lula a “communist,” Milei now seeks dialogue to enhance relations between Argentina and Brazil, two major South American economies.

This week, Argentine Foreign Minister Diana Mondino personally delivered a letter to Lula’s team in Brasilia and São Paulo.

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The letter proposes a discussion without setting a date or location, showing a willingness for flexible diplomatic engagement.

A Brazilian official noted Lula’s preference for a natural progression to such a meeting, hinting at cautious optimism for reconciliation.

Milei Extends Olive Branch to Lula After Previous Tensions.
Milei Extends Olive Branch to Lula After Previous Tensions.
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Milei’s earlier doubts about Argentina’s ties with its main trading partner, Brazil, stemmed from his critical view of Lula, leading to an initial diplomatic standoff.

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Lula missed Milei’s inauguration and adopted a wait-and-see stance on the new administration’s Brazil policies.

Despite political strains, trade between the nations stayed stable, thanks to Mondino’s efforts to ease tensions and maintain economic links.

The presidents are scheduled to meet at the upcoming G20 summit in Rio de Janeiro. This meeting could resolve their ideological differences.

Milei supports libertarian values, promoting privatization and reducing government staff, while Lula favors increasing public sector investments and revitalizing state-owned entities.

Lula’s readiness to meet Milei, despite their differing ideologies, demonstrates a mature diplomatic approach.

He emphasizes practical cooperation over personal relationships between leaders.

Their forthcoming encounter at the G20 summit could be crucial in defining the future of Argentine-Brazilian relations.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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