IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL5.06▼ 0.17% USD/MXN17.40▼ 0.08% USD/CLP936.27▲ 0.06% USD/COP3,212▼ 1.34% USD/PEN3.40▲ 0.08% USD/ARS1,479▲ 0.08% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.00▼ 0.34% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.55% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.65% BRENT 93.38 ▲ 2.60% WTI 86.41 ▲ 1.77% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.05% GOLD 4,135 ▲ 1.56% SILVER 59.79 ▲ 1.62% SOY 1,232 ▲ 0.98% CORN 482.25 ▲ 6.52% WHEAT 698.00 ▲ 2.95% COFFEE 318.40 ▼ 4.08% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 146.10 ▲ 1.60% COTTON 80.43 ▲ 1.86% COCOA 5,404 ▼ 3.62% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 42.07 ▲ 0.98% VALE3 73.52 ▲ 1.77% ITUB4 42.60 ▲ 0.16% BBDC4 18.60 ▲ 0.27% ABEV3 15.83 ▲ 0.19% BBAS3 20.94 ▲ 0.29% B3SA3 15.37 ▲ 1.32% WEGE3 45.55 ▲ 7.25% PRIO3 59.09 ▲ 1.56% SUZB3 42.09 ▲ 1.11% RENT3 36.51 ▼ 0.11% AZZA3 17.18 ▼ 1.72% CSAN3 3.83 ▲ 1.32% RAIZ4 0.28 ▲ 3.70% PCAR3 2.74 ▲ 0.37% GMAT3 3.86 ▲ 0.78% PSSA3 54.03 ▲ 1.03% CVCB3 1.13 ▲ 0.89% POSI3 3.69 ▲ 0.27% SLCE3 13.79 ▲ 0.29% NATU3 8.72 ▲ 0.11% BRKM5 5.80 ▲ 1.58% RANI3 7.96 ▲ 0.89% CSNA3 5.13 ▲ 1.38% CMIN3 5.72 ▲ 2.51% USIM5 8.57 ▲ 1.30% GGBR4 23.68 ▲ 0.81% ENEV3 25.42 — 0.00% CPFE3 46.06 ▼ 0.73% CMIG4 10.99 ▼ 0.27% EQTL3 38.66 ▼ 0.44% LREN3 13.42 ▲ 1.13% VIVT3 35.69 ▼ 0.31% RAIL3 13.39 ▲ 1.13% KLABIN 17.77 ▲ 1.02% RAIA DROGASIL 18.06 ▼ 0.39% RDOR3 33.90 ▼ 0.06% HAPV3 11.32 ▲ 0.71% FLRY3 16.67 ▲ 0.73% SMTO3 15.76 ▲ 1.16% UGPA3 31.97 ▲ 0.47% VBBR3 34.11 ▲ 0.47% BBSE3 41.41 ▼ 0.34% BPAC11 55.70 ▲ 0.60% CURY3 29.91 ▼ 0.13% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.46 ▲ 0.08% VAMOS 3.13 ▲ 1.29% SANB11 26.46 ▼ 2.76% ASAI3 8.38 ▲ 1.58% SBSP3 28.71 ▲ 0.38% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.85 ▲ 0.17% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 2.25% COPEC 6,450 — 0.00% BSANTANDER 79.01 — 0.00% FALABELLA 5,919 ▲ 1.18% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.14% CMPC 1,084 ▼ 0.38% BANCO CHILE 190.01 ▲ 0.03% LATAM AIR 24.20 ▼ 0.66% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 — 0.00% GAP AIRPORT 217.68 — 0.00% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 — 0.00% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.00 — 0.00% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 65,571 ▼ 1.40% ETH 1,920 ▼ 0.44% SOL 77.23 ▼ 1.12% XRP 1.14 ▼ 0.51% BNB 570.03 ▼ 0.62% ADA 0.17 ▼ 0.55% DOGE 0.07 ▼ 1.23% AVAX 6.50 ▼ 0.94% LINK 8.61 ▼ 0.48% DOT 0.83 ▼ 1.28% LTC 46.67 ▼ 0.31% BCH 220.78 ▼ 1.30% TRX 0.33 ▲ 0.06% XLM 0.19 ▼ 1.93% HBAR 0.07 ▲ 1.87% NEAR 1.88 ▼ 3.05% ATOM 1.47 ▼ 1.28% AAVE 96.46 ▲ 0.93% SELIC 14.25% EMBRAER 83.17 ▲ 0.63% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.50 ▲ 0.47% MBRF3 15.15 ▲ 0.26% MBRFY 2.95 — 0.00% INTER 5.58 ▼ 0.71% EGX 53,932 ▼ 0.11% USD/ZAR16.43▼ 0.26% USD/NGN 1,376 — 0.00% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.04▼ 0.08% USD/CNY6.76▼ 0.08% DAX 25,165 ▲ 0.61% CAC 8,454 ▲ 1.08% FTSE 10,744 ▲ 1.49% MIB 52,789 ▲ 0.96% IBEX 19,614 ▲ 1.21% STOXX 647.75 ▲ 0.71% EUR/USD1.14▲ 0.18% GBP/USD 1.3379 — 0.00% SPX 7,495 ▼ 0.19% DJI 52,197 ▼ 0.05% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,420 ▲ 0.14% VIX 17.37 ▲ 1.88% USD/CAD1.41▼ 0.18% US10Y 4.6420 ▲ 0.30% IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.11% USD/MXN 17.40 ▼ 0.05% USD/CLP 936.48 ▲ 0.08% USD/COP 3,211 ▼ 1.39% USD/PEN 3.40 ▲ 0.08% USD/ARS 1,479 ▲ 0.08% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.00 ▼ 0.34% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.55% USD/TTD 6.73 ▲ 1.02% EUR/BRL 5.78 ▼ 0.65% BRENT 93.38 ▲ 2.60% WTI 86.41 ▲ 1.77% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.05% GOLD 4,135 ▲ 1.56% SILVER 59.79 ▲ 1.62% SOY 1,232 ▲ 0.98% CORN 482.25 ▲ 6.52% WHEAT 698.00 ▲ 2.95% COFFEE 318.40 ▼ 4.08% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 146.10 ▲ 1.60% COTTON 80.43 ▲ 1.86% COCOA 5,404 ▼ 3.62% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 42.07 ▲ 0.98% VALE3 73.52 ▲ 1.77% ITUB4 42.60 ▲ 0.16% BBDC4 18.60 ▲ 0.27% ABEV3 15.83 ▲ 0.19% BBAS3 20.94 ▲ 0.29% B3SA3 15.37 ▲ 1.32% WEGE3 45.55 ▲ 7.25% PRIO3 59.09 ▲ 1.56% SUZB3 42.09 ▲ 1.11% RENT3 36.51 ▼ 0.11% AZZA3 17.18 ▼ 1.72% CSAN3 3.83 ▲ 1.32% RAIZ4 0.28 ▲ 3.70% PCAR3 2.74 ▲ 0.37% GMAT3 3.86 ▲ 0.78% PSSA3 54.03 ▲ 1.03% CVCB3 1.13 ▲ 0.89% POSI3 3.69 ▲ 0.27% SLCE3 13.79 ▲ 0.29% NATU3 8.72 ▲ 0.11% BRKM5 5.80 ▲ 1.58% RANI3 7.96 ▲ 0.89% CSNA3 5.13 ▲ 1.38% CMIN3 5.72 ▲ 2.51% USIM5 8.57 ▲ 1.30% GGBR4 23.68 ▲ 0.81% ENEV3 25.42 — 0.00% CPFE3 46.06 ▼ 0.73% CMIG4 10.99 ▼ 0.27% EQTL3 38.66 ▼ 0.44% LREN3 13.42 ▲ 1.13% VIVT3 35.69 ▼ 0.31% RAIL3 13.39 ▲ 1.13% KLABIN 17.77 ▲ 1.02% RAIA DROGASIL 18.06 ▼ 0.39% RDOR3 33.90 ▼ 0.06% HAPV3 11.32 ▲ 0.71% FLRY3 16.67 ▲ 0.73% SMTO3 15.76 ▲ 1.16% UGPA3 31.97 ▲ 0.47% VBBR3 34.11 ▲ 0.47% BBSE3 41.41 ▼ 0.34% BPAC11 55.70 ▲ 0.60% CURY3 29.91 ▼ 0.13% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.46 ▲ 0.08% VAMOS 3.13 ▲ 1.29% SANB11 26.46 ▼ 2.76% ASAI3 8.38 ▲ 1.58% SBSP3 28.71 ▲ 0.38% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.85 ▲ 0.17% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 2.25% COPEC 6,450 — 0.00% BSANTANDER 79.01 — 0.00% FALABELLA 5,919 ▲ 1.18% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.14% CMPC 1,084 ▼ 0.38% BANCO CHILE 190.01 ▲ 0.03% LATAM AIR 24.20 ▼ 0.66% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 — 0.00% GAP AIRPORT 217.68 — 0.00% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 — 0.00% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.00 — 0.00% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 65,571 ▼ 1.40% ETH 1,920 ▼ 0.44% SOL 77.23 ▼ 1.12% XRP 1.14 ▼ 0.51% BNB 570.03 ▼ 0.62% ADA 0.17 ▼ 0.55% DOGE 0.07 ▼ 1.23% AVAX 6.50 ▼ 0.94% LINK 8.61 ▼ 0.48% DOT 0.83 ▼ 1.28% LTC 46.67 ▼ 0.31% BCH 220.78 ▼ 1.30% TRX 0.33 ▲ 0.06% XLM 0.19 ▼ 1.93% HBAR 0.07 ▲ 1.87% NEAR 1.88 ▼ 3.05% ATOM 1.47 ▼ 1.28% AAVE 96.46 ▲ 0.93% SELIC 14.25% EMBRAER 83.17 ▲ 0.63% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.50 ▲ 0.47% MBRF3 15.15 ▲ 0.26% MBRFY 2.95 — 0.00% INTER 5.58 ▼ 0.71% EGX 53,932 ▼ 0.11% USD/ZAR 16.44 ▼ 0.13% USD/NGN 1,376 — 0.00% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.07 ▼ 0.04% USD/CNY 6.7610 ▲ 0.06% DAX 25,165 ▲ 0.61% CAC 8,454 ▲ 1.08% FTSE 10,744 ▲ 1.49% MIB 52,789 ▲ 0.96% IBEX 19,614 ▲ 1.21% STOXX 647.75 ▲ 0.71% EUR/USD 1.1418 ▲ 0.12% GBP/USD 1.3379 — 0.00% SPX 7,495 ▼ 0.19% DJI 52,197 ▼ 0.05% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,420 ▲ 0.14% VIX 17.37 ▲ 1.88% USD/CAD 1.4083 ▼ 0.16% US10Y 4.6420 ▲ 0.30%
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U.S. Slashes Diplomatic Presence: Brazil Consulate Among Dozen Set to Close

By · March 10, 2025 · 2 min read

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The US State Department will shut down approximately twelve consulates worldwide by summer 2025. The American consulate in Belo Horizonte, Brazil, appears on the closure list alongside numerous European diplomatic missions. The State Department notified Congress last month about these planned closures.

The department targets smaller consulates primarily in Western Europe, including locations in France, Germany, Italy, and Portugal. Officials also plan to close the strategic consulate in Gaziantep, Turkey, which has supported Syrian refugee initiatives.

President Trump’s “America First” policy drives these closures as part of broader federal spending reductions. A team led by Elon Musk accelerates the process to identify what they term “government waste” across federal agencies.

The administration aims to cut the State Department’s operational budget by up to 20 percent. The diplomatic downsizing occurs as resignations surge throughout the department.

U.S. Slashes Diplomatic Presence: Brazil Consulate Among Dozen Set to Close
U.S. Slashes Diplomatic Presence: Brazil Consulate Among Dozen Set to Close. (Photo Internet reproduction)
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US State Department Faces Significant Staff Reductions

Approximately 700 employees, including 450 career diplomats, resigned during January and February 2025 alone. This dramatic increase dwarfs pre-2025 figures when annual resignations averaged around 800 total.

Staff reductions will heavily impact local employees who constitute two-thirds of the department’s workforce. These local workers provide critical intelligence and regional expertise to American diplomats.

Embassies worldwide received instructions to consider reducing both American and local staff by a minimum of 10 percent. The cutbacks come as China overtakes America in global diplomatic presence.

The Lowy Institute reports China now maintains 274 diplomatic posts worldwide compared to America’s 271. China has strengthened relationships across Asia and Africa while increasing its influence in international organizations.

Critics express concern about national security implications. Most CIA operatives operate under diplomatic cover at embassies and consulates around the world. Closing these facilities limits intelligence gathering capabilities and reduces America’s ability to form international partnerships.

A State Department spokesperson stated they “continuously evaluate global presence to ensure optimal positioning for contemporary challenges facing the American populace.”

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