IBOV 176,945 ▲ 0.69% IPSA 10,928 ▲ 0.16% IPC MEX 66,603 ▲ 0.96% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,305.07 ▼ 0.11% BVL PERÚ 56,428.20 ▲ 2.35% USD/BRL5.08▼ 1.21% USD/MXN17.41▼ 0.66% USD/CLP923.31▼ 1.03% USD/COP3,247▼ 0.48% USD/PEN3.39▼ 0.58% USD/ARS1,476▼ 0.47% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.33▲ 0.42% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.82▼ 0.09% BRENT 85.44 ▲ 2.57% WTI 79.76 ▲ 2.07% IRON ORE 161.91 — — COPPER 6.41 ▲ 2.87% GOLD 4,082 ▲ 2.13% SILVER 59.34 ▲ 2.96% SOY 1,193 ▼ 0.79% CORN 460.50 ▲ 5.20% WHEAT 637.75 ▲ 1.71% COFFEE 333.05 ▼ 2.45% SUGAR 14.85 ▲ 0.68% ORANGE JUICE 135.90 ▼ 4.67% COTTON 81.07 ▲ 1.55% COCOA 5,541 ▼ 2.72% BEEF 229.03 ▼ 2.43% CATTLE 351.35 ▼ 0.85% LITHIUM 71.59 ▲ 1.92% PETR4 40.86 ▲ 0.49% VALE3 74.49 ▲ 2.25% ITUB4 43.80 ▲ 0.64% BBDC4 18.90 ▲ 0.69% ABEV3 15.98 ▲ 0.95% BBAS3 20.50 ▲ 1.28% B3SA3 15.38 ▲ 1.72% WEGE3 44.41 ▲ 0.05% PRIO3 57.25 ▲ 0.09% SUZB3 40.91 ▼ 1.40% RENT3 40.55 ▲ 0.87% AZZA3 18.99 ▼ 1.20% CSAN3 3.89 ▼ 0.26% RAIZ4 0.34 ▲ 3.03% PCAR3 2.50 ▼ 3.47% GMAT3 3.98 ▲ 1.02% PSSA3 54.63 ▲ 1.09% CVCB3 1.29 ▲ 3.20% POSI3 3.98 ▼ 0.25% SLCE3 13.89 ▲ 0.14% NATU3 8.49 ▼ 1.28% BRKM5 6.86 ▼ 1.15% RANI3 7.98 ▲ 0.38% CSNA3 5.19 ▼ 0.95% CMIN3 5.18 ▼ 4.95% USIM5 8.29 ▼ 1.07% GGBR4 23.11 ▲ 1.27% ENEV3 26.87 ▼ 0.04% CPFE3 47.03 ▲ 0.41% CMIG4 11.13 ▲ 0.54% EQTL3 40.65 ▲ 1.09% LREN3 14.14 ▼ 0.07% VIVT3 35.16 ▲ 1.24% RAIL3 14.14 ▲ 0.21% KLABIN 17.38 ▼ 0.57% RAIA DROGASIL 18.52 ▲ 1.76% RDOR3 36.10 ▲ 1.52% HAPV3 10.67 ▲ 2.01% FLRY3 16.27 ▲ 0.74% SMTO3 16.44 ▲ 0.43% UGPA3 30.93 ▲ 0.72% VBBR3 32.27 ▼ 1.50% BBSE3 40.35 ▲ 0.17% BPAC11 58.14 ▲ 1.08% CURY3 33.16 ▲ 0.12% AERI3 2.09 ▲ 0.48% VIVARA 23.40 ▲ 1.25% COMPASS 24.93 ▲ 0.65% VAMOS 3.03 ▲ 0.33% SANB11 27.57 ▲ 0.73% ASAI3 8.66 ▼ 0.57% SBSP3 30.47 ▲ 0.33% WALMEX 49.56 ▼ 0.18% GMEXICO 203.15 ▲ 3.87% FEMSA 227.56 ▲ 0.98% CEMEX 22.75 ▲ 4.45% GFNORTE 184.45 ▲ 1.31% BIMBO 55.79 ▼ 0.14% TELEVISA 9.52 ▼ 0.94% AMX 22.75 ▲ 0.71% GAP 387.79 ▼ 5.00% ASUR 278.06 ▼ 0.22% OMA 233.21 ▼ 0.05% KOF 180.43 ▼ 0.69% GRUMA 281.50 ▲ 0.05% KIMBER 38.20 ▼ 0.05% SQM-B 68,600 ▲ 2.07% COPEC 6,057 — 0.00% BSANTANDER 78.18 ▼ 0.03% FALABELLA 5,905 ▲ 0.00% ENELAM 84.20 — 0.00% CENCOSUD 2,042 ▲ 0.08% CMPC 1,078 ▼ 2.80% BANCO CHILE 186.40 ▲ 0.76% LATAM AIR 24.90 — 0.00% YPF 77,175 — 0.00% GGAL 8,080 — 0.00% PAMPA 5,225 — 0.00% TXAR 664.50 — 0.00% ALUAR 964.50 — 0.00% TGS 9,570 — 0.00% CEPU 2,319 — 0.00% MIRGOR 17,050 ▼ 1.16% COME 44.78 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 308.25 — 0.00% TELECOM ARG 4,250 — 0.00% ECOPETROL 16.10 ▲ 1.39% BANCOLOMBIA 82.40 ▲ 2.46% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 393.88 ▲ 1.20% SOUTHERN COPPER 182.83 ▲ 4.75% BUENAVENTURA 31.18 ▲ 4.56% MERCADOLIBRE 1,871 ▲ 0.21% NUBANK 14.23 ▲ 4.06% XP 16.63 ▲ 1.56% PAGSEGURO 9.32 ▲ 0.43% STONE 11.31 ▲ 1.44% GLOBANT 32.17 ▲ 0.16% TECNOGLASS 43.46 ▲ 1.44% GAP AIRPORT 223.42 ▼ 4.02% ASUR 278.06 ▼ 0.22% OMA AIRPORT 107.07 ▲ 0.89% AMX ADR 26.07 ▲ 0.15% FEMSA ADR 130.67 ▲ 1.29% CEMEX ADR 13.08 ▲ 5.02% PETROBRAS ADR 18.08 ▲ 1.09% VALE ADR 14.65 ▲ 3.28% ITAU ADR 8.63 ▲ 1.89% SANTANDER BR 5.47 ▲ 2.15% AMBEV ADR 3.13 ▲ 2.12% CSN 1.03 ▼ 0.49% GERDAU 4.57 ▲ 1.67% LATAM ADR 52.96 ▼ 0.70% BTC 63,812 ▲ 2.53% ETH 1,867 ▲ 5.29% SOL 76.92 ▲ 2.75% XRP 1.10 ▲ 3.03% BNB 579.63 ▲ 2.29% ADA 0.16 ▲ 3.92% DOGE 0.07 ▲ 2.92% AVAX 6.64 ▲ 3.04% LINK 8.27 ▲ 5.08% DOT 0.85 ▲ 1.49% LTC 44.60 ▲ 2.56% BCH 238.57 ▲ 0.99% TRX 0.33 ▲ 0.31% XLM 0.18 ▲ 1.97% HBAR 0.07 ▲ 0.90% NEAR 2.02 ▲ 5.54% ATOM 1.55 ▲ 0.78% AAVE 98.84 ▲ 4.75% SELIC 14.25% EMBRAER 82.76 ▼ 0.30% EMBRAER ADR 65.34 ▲ 1.33% JBS 11.83 ▲ 0.21% JBS BDR 59.91 ▼ 1.15% MBRF3 15.91 ▲ 1.21% MBRFY 3.05 — 0.00% INTER 5.76 ▲ 1.95% IBOV 176,945 ▲ 0.69% IPSA 10,928 ▲ 0.16% IPC MEX 66,603 ▲ 0.96% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,305.07 ▼ 0.11% BVL PERÚ 56,428.20 ▲ 2.35% USD/BRL 5.08 ▼ 1.21% USD/MXN 17.41 ▼ 0.66% USD/CLP 923.31 ▼ 1.03% USD/COP 3,247 ▼ 0.48% USD/PEN 3.39 ▼ 0.58% USD/ARS 1,476 ▼ 0.47% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.33 ▲ 0.42% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.82 ▼ 0.09% BRENT 85.44 ▲ 2.57% WTI 79.76 ▲ 2.07% IRON ORE 161.91 — — COPPER 6.41 ▲ 2.87% GOLD 4,082 ▲ 2.13% SILVER 59.34 ▲ 2.96% SOY 1,193 ▼ 0.79% CORN 460.50 ▲ 5.20% WHEAT 637.75 ▲ 1.71% COFFEE 333.05 ▼ 2.45% SUGAR 14.85 ▲ 0.68% ORANGE JUICE 135.90 ▼ 4.67% COTTON 81.07 ▲ 1.55% COCOA 5,541 ▼ 2.72% BEEF 229.03 ▼ 2.43% CATTLE 351.35 ▼ 0.85% LITHIUM 71.59 ▲ 1.92% PETR4 40.86 ▲ 0.49% VALE3 74.49 ▲ 2.25% ITUB4 43.80 ▲ 0.64% BBDC4 18.90 ▲ 0.69% ABEV3 15.98 ▲ 0.95% BBAS3 20.50 ▲ 1.28% B3SA3 15.38 ▲ 1.72% WEGE3 44.41 ▲ 0.05% PRIO3 57.25 ▲ 0.09% SUZB3 40.91 ▼ 1.40% RENT3 40.55 ▲ 0.87% AZZA3 18.99 ▼ 1.20% CSAN3 3.89 ▼ 0.26% RAIZ4 0.34 ▲ 3.03% PCAR3 2.50 ▼ 3.47% GMAT3 3.98 ▲ 1.02% PSSA3 54.63 ▲ 1.09% CVCB3 1.29 ▲ 3.20% POSI3 3.98 ▼ 0.25% SLCE3 13.89 ▲ 0.14% NATU3 8.49 ▼ 1.28% BRKM5 6.86 ▼ 1.15% RANI3 7.98 ▲ 0.38% CSNA3 5.19 ▼ 0.95% CMIN3 5.18 ▼ 4.95% USIM5 8.29 ▼ 1.07% GGBR4 23.11 ▲ 1.27% ENEV3 26.87 ▼ 0.04% CPFE3 47.03 ▲ 0.41% CMIG4 11.13 ▲ 0.54% EQTL3 40.65 ▲ 1.09% LREN3 14.14 ▼ 0.07% VIVT3 35.16 ▲ 1.24% RAIL3 14.14 ▲ 0.21% KLABIN 17.38 ▼ 0.57% RAIA DROGASIL 18.52 ▲ 1.76% RDOR3 36.10 ▲ 1.52% HAPV3 10.67 ▲ 2.01% FLRY3 16.27 ▲ 0.74% SMTO3 16.44 ▲ 0.43% UGPA3 30.93 ▲ 0.72% VBBR3 32.27 ▼ 1.50% BBSE3 40.35 ▲ 0.17% BPAC11 58.14 ▲ 1.08% CURY3 33.16 ▲ 0.12% AERI3 2.09 ▲ 0.48% VIVARA 23.40 ▲ 1.25% COMPASS 24.93 ▲ 0.65% VAMOS 3.03 ▲ 0.33% SANB11 27.57 ▲ 0.73% ASAI3 8.66 ▼ 0.57% SBSP3 30.47 ▲ 0.33% WALMEX 49.56 ▼ 0.18% GMEXICO 203.15 ▲ 3.87% FEMSA 227.56 ▲ 0.98% CEMEX 22.75 ▲ 4.45% GFNORTE 184.45 ▲ 1.31% BIMBO 55.79 ▼ 0.14% TELEVISA 9.52 ▼ 0.94% AMX 22.75 ▲ 0.71% GAP 387.79 ▼ 5.00% ASUR 278.06 ▼ 0.22% OMA 233.21 ▼ 0.05% KOF 180.43 ▼ 0.69% GRUMA 281.50 ▲ 0.05% KIMBER 38.20 ▼ 0.05% SQM-B 68,600 ▲ 2.07% COPEC 6,057 — 0.00% BSANTANDER 78.18 ▼ 0.03% FALABELLA 5,905 ▲ 0.00% ENELAM 84.20 — 0.00% CENCOSUD 2,042 ▲ 0.08% CMPC 1,078 ▼ 2.80% BANCO CHILE 186.40 ▲ 0.76% LATAM AIR 24.90 — 0.00% YPF 77,175 — 0.00% GGAL 8,080 — 0.00% PAMPA 5,225 — 0.00% TXAR 664.50 — 0.00% ALUAR 964.50 — 0.00% TGS 9,570 — 0.00% CEPU 2,319 — 0.00% MIRGOR 17,050 ▼ 1.16% COME 44.78 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 308.25 — 0.00% TELECOM ARG 4,250 — 0.00% ECOPETROL 16.10 ▲ 1.39% BANCOLOMBIA 82.40 ▲ 2.46% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 393.88 ▲ 1.20% SOUTHERN COPPER 182.83 ▲ 4.75% BUENAVENTURA 31.18 ▲ 4.56% MERCADOLIBRE 1,871 ▲ 0.21% NUBANK 14.23 ▲ 4.06% XP 16.63 ▲ 1.56% PAGSEGURO 9.32 ▲ 0.43% STONE 11.31 ▲ 1.44% GLOBANT 32.17 ▲ 0.16% TECNOGLASS 43.46 ▲ 1.44% GAP AIRPORT 223.42 ▼ 4.02% ASUR 278.06 ▼ 0.22% OMA AIRPORT 107.07 ▲ 0.89% AMX ADR 26.07 ▲ 0.15% FEMSA ADR 130.67 ▲ 1.29% CEMEX ADR 13.08 ▲ 5.02% PETROBRAS ADR 18.08 ▲ 1.09% VALE ADR 14.65 ▲ 3.28% ITAU ADR 8.63 ▲ 1.89% SANTANDER BR 5.47 ▲ 2.15% AMBEV ADR 3.13 ▲ 2.12% CSN 1.03 ▼ 0.49% GERDAU 4.57 ▲ 1.67% LATAM ADR 52.96 ▼ 0.70% BTC 63,812 ▲ 2.53% ETH 1,867 ▲ 5.29% SOL 76.92 ▲ 2.75% XRP 1.10 ▲ 3.03% BNB 579.63 ▲ 2.29% ADA 0.16 ▲ 3.92% DOGE 0.07 ▲ 2.92% AVAX 6.64 ▲ 3.04% LINK 8.27 ▲ 5.08% DOT 0.85 ▲ 1.49% LTC 44.60 ▲ 2.56% BCH 238.57 ▲ 0.99% TRX 0.33 ▲ 0.31% XLM 0.18 ▲ 1.97% HBAR 0.07 ▲ 0.90% NEAR 2.02 ▲ 5.54% ATOM 1.55 ▲ 0.78% AAVE 98.84 ▲ 4.75% SELIC 14.25% EMBRAER 82.76 ▼ 0.30% EMBRAER ADR 65.34 ▲ 1.33% JBS 11.83 ▲ 0.21% JBS BDR 59.91 ▼ 1.15% MBRF3 15.91 ▲ 1.21% MBRFY 3.05 — 0.00% INTER 5.76 ▲ 1.95%
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Business - Brazil Latin America

South American Countries Create New Regional Bloc

By · March 25, 2019 · 2 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The leaders of Latin American countries met in Santiago, Chile last week are discussing the creation of Prosur, a new regional bloc to replace the Union of South American Nations (Unasur).

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Brazil,Eleven South American leaders met in Santiago, Chile to talk about cooperation.
Eleven South American leaders are meeting in Santiago, Chile to talk about cooperation, photo courtesy of Alex Ibanez/Chilean Government.
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“Unasur is practically extinct today. We cannot admit that countries’ policies remain driven by ideologies, that is all,” said Brazilian President Jair Bolsonaro about the regional bloc which is being substituted.

Among the heads of state attending the meeting in Santiago, were the presidents of Brazil, Chile, Argentina, Colombia, Uruguay, Peru, Paraguay, Ecuador, Bolivia, Suriname and Guyana.
Chile’s President Sebastian Piñera said on Friday that the objective of the meeting is to create a ‘forum without ideologies’ and discuss economic integration.

“We want to create a dialogue forum,” Piñera said at the opening of the meeting in Santiago. “A forum without ideologies, without bureaucracies; frank and direct with democracy and [preservation of] human rights”, concluded the Chilean leader.

Eight heads of state signed the Declaration on the Renewal and Strengthening of South American Integration, dubbed the Declaration of Santiago, was signed in Santiago, Chile, by the heads of state of Argentina, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay and Peru.

According to the Declaration of Santiago, the objectives of the bloc will be implemented gradually, and ‘will address integration issues in infrastructure, energy, health, defense, security and crime prevention, natural disaster prevention and management’.

“Today was a good day for collaboration, dialogue, understanding and integration of South America. For more than five years, the presidents had not yet had the opportunity to meet to face the problems of the present and take on the challenges of the future,” said Piñera after the signing ceremony.

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