IBOV 170,331 ▼ 2.22% IPSA 10,360 ▼ 1.04% IPC MEX 68,286 ▼ 0.88% MERVAL 3,164,196 ▼ 1.86% COLCAP 2,238.99 ▼ 1.13% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▲ 1.08% USD/MXN 17.32 ▲ 0.14% USD/CLP 894.65 ▲ 0.74% USD/COP 3,565 ▼ 0.02% USD/PEN 3.40 ▼ 0.03% USD/ARS 1,439 ▲ 0.82% USD/UYU 40.27 ▲ 1.59% USD/PYG 6,095 ▲ 3.16% USD/BOB 6.85 ▲ 1.64% USD/DOP 58.00 ▲ 0.43% USD/CRC 456.90 ▲ 3.28% USD/GTQ 7.62 ▲ 2.15% USD/HNL 26.64 ▲ 1.72% USD/NIO 36.62 ▲ 0.68% USD/VES 558.97 ▲ 0.30% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.60% USD/JMD 157.24 ▲ 0.96% USD/TTD 6.67 ▲ 0.14% EUR/BRL 5.87 ▲ 0.26% BRENT 97.07 ▲ 1.11% WTI 95.36 ▲ 1.71% IRON ORE 161.91 — — COPPER 6.49 ▼ 2.34% GOLD 4,482 ▼ 0.15% SILVER 73.39 ▼ 2.56% SOY 1,154 ▼ 1.01% CORN 430.75 ▼ 2.21% WHEAT 586.75 ▼ 2.69% COFFEE 252.65 ▼ 2.53% SUGAR 14.22 ▼ 1.11% ORANGE JUICE 167.05 ▲ 4.41% COTTON 76.58 ▼ 0.60% COCOA 4,037 ▼ 1.73% BEEF 237.85 ▼ 3.97% CATTLE 342.58 ▼ 1.68% LITHIUM 84.86 ▼ 1.78% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 52.05 ▲ 0.19% GMEXICO 213.71 ▼ 3.18% FEMSA 211.97 ▲ 2.01% CEMEX 22.45 ▼ 1.32% GFNORTE 181.22 ▼ 0.57% BIMBO 58.29 ▲ 0.19% TELEVISA 9.08 ▼ 1.52% AMX 22.14 ▼ 0.49% GAP 418.01 ▲ 0.62% ASUR 296.77 ▼ 2.07% OMA 220.05 ▼ 1.57% KOF 186.51 ▼ 0.73% GRUMA 294.39 ▲ 0.36% KIMBER 38.10 ▼ 0.81% SQM-B 71,000 ▼ 1.29% COPEC 6,100 ▼ 1.36% BSANTANDER 68.10 ▼ 1.32% FALABELLA 5,450 ▼ 2.07% ENELAM 76.77 ▼ 1.18% CENCOSUD 2,168 ▲ 0.37% CMPC 1,028 ▼ 0.39% BANCO CHILE 163.99 ▼ 1.68% LATAM AIR 22.29 ▼ 1.37% YPF 83,050 ▼ 0.27% GGAL 7,350 ▼ 3.10% PAMPA 5,115 ▼ 1.35% TXAR 676.50 ▼ 2.10% ALUAR 1,015 ▲ 1.50% TGS 9,205 ▼ 2.80% CEPU 2,309 ▼ 2.49% MIRGOR 16,925 ▼ 0.88% COME 47.91 ▼ 3.17% LOMA NEGRA 3,430 ▼ 2.14% BYMA 293.00 — 0.00% TELECOM ARG 4,053 ▼ 2.88% ECOPETROL 15.58 ▼ 2.50% BANCOLOMBIA 72.25 ▼ 2.03% GRUPO AVAL 4.98 ▲ 0.81% CREDICORP 327.42 ▼ 4.80% SOUTHERN COPPER 196.59 ▼ 2.37% BUENAVENTURA 33.86 ▼ 2.67% MERCADOLIBRE 1,639 ▼ 2.05% NUBANK 11.64 ▼ 2.43% XP 15.60 ▼ 3.70% PAGSEGURO 8.77 ▼ 4.88% STONE 10.64 ▼ 5.34% GLOBANT 39.67 ▼ 6.17% TECNOGLASS 42.31 ▼ 3.29% GAP AIRPORT 240.72 ▲ 0.28% ASUR 296.77 ▼ 2.07% OMA AIRPORT 101.18 ▼ 2.25% AMX ADR 25.54 ▼ 0.66% FEMSA ADR 121.81 ▲ 1.39% CEMEX ADR 12.90 ▼ 1.23% PETROBRAS ADR 18.19 ▼ 2.83% VALE ADR 16.06 ▼ 4.52% ITAU ADR 7.59 ▼ 3.44% SANTANDER BR 5.30 ▼ 3.28% AMBEV ADR 3.14 ▼ 3.38% CSN 1.31 ▼ 7.75% GERDAU 4.75 ▼ 2.86% LATAM ADR 49.71 ▼ 2.55% BTC 63,998 ▼ 4.06% ETH 1,814 ▼ 2.38% SOL 71.63 ▼ 3.39% XRP 1.20 ▼ 0.77% BNB 620.10 ▼ 4.66% ADA 0.20 ▼ 5.67% DOGE 0.09 ▼ 1.34% AVAX 8.05 ▼ 1.44% LINK 8.34 ▼ 0.30% DOT 1.10 ▲ 2.52% LTC 47.16 ▲ 0.54% BCH 243.19 ▼ 9.59% TRX 0.33 ▲ 0.18% XLM 0.21 ▼ 5.85% HBAR 0.09 ▼ 1.93% NEAR 2.82 ▲ 7.48% ATOM 1.85 ▲ 1.92% AAVE 74.38 ▲ 1.20% SELIC 14.50% EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 55.19 ▼ 3.63% JBS 11.88 ▼ 2.62% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.06 ▼ 5.56% INTER 5.80 ▼ 3.33% EGX 52,564 ▼ 0.69% USD/ZAR 16.35 ▲ 0.13% USD/NGN 1,357 — 0.00% NIKKEI 68,402 ▲ 2.50% CSI300 4,939 ▲ 0.49% HSI 25,633 ▼ 1.56% NIFTY 23,406 ▼ 0.33% KOSPI 8,801 ▲ 0.15% JCI 5,941 ▼ 4.11% USD/JPY 159.95 ▼ 0.03% USD/CNY 6.7687 — 0.00% DAX 24,796 ▼ 1.31% CAC 8,150 ▼ 0.71% FTSE 10,332 ▼ 0.40% MIB 50,038 ▼ 1.07% IBEX 18,176 ▼ 0.53% STOXX 621.19 ▼ 0.66% EUR/USD 1.1609 ▲ 0.06% GBP/USD 1.3421 — 0.00% SPX 7,554 ▼ 0.74% DJI 50,687 ▼ 1.21% NDX 30,571 ▼ 0.29% RUT 2,894 ▼ 1.31% TSX 34,802 ▼ 1.05% VIX 16.06 ▲ 1.84% USD/CAD 1.3894 ▲ 0.01% US10Y 4.4910 ▲ 0.81% IBOV 170,331 ▼ 2.22% IPSA 10,360 ▼ 1.04% IPC MEX 68,286 ▼ 0.88% MERVAL 3,164,196 ▼ 1.86% COLCAP 2,238.99 ▼ 1.13% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▲ 1.08% USD/MXN 17.32 ▲ 0.14% USD/CLP 894.65 ▲ 0.74% USD/COP 3,565 ▼ 0.02% USD/PEN 3.40 ▼ 0.03% USD/ARS 1,439 ▲ 0.82% USD/UYU 40.27 ▲ 1.59% USD/PYG 6,095 ▲ 3.16% USD/BOB 6.85 ▲ 1.64% USD/DOP 58.00 ▲ 0.43% USD/CRC 456.90 ▲ 3.28% USD/GTQ 7.62 ▲ 2.15% USD/HNL 26.64 ▲ 1.72% USD/NIO 36.62 ▲ 0.68% USD/VES 558.97 ▲ 0.30% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.60% USD/JMD 157.24 ▲ 0.96% USD/TTD 6.67 ▲ 0.14% EUR/BRL 5.87 ▲ 0.26% BRENT 97.07 ▲ 1.11% WTI 95.36 ▲ 1.71% IRON ORE 161.91 — — COPPER 6.49 ▼ 2.34% GOLD 4,482 ▼ 0.15% SILVER 73.39 ▼ 2.56% SOY 1,154 ▼ 1.01% CORN 430.75 ▼ 2.21% WHEAT 586.75 ▼ 2.69% COFFEE 252.65 ▼ 2.53% SUGAR 14.22 ▼ 1.11% ORANGE JUICE 167.05 ▲ 4.41% COTTON 76.58 ▼ 0.60% COCOA 4,037 ▼ 1.73% BEEF 237.85 ▼ 3.97% CATTLE 342.58 ▼ 1.68% LITHIUM 84.86 ▼ 1.78% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 52.05 ▲ 0.19% GMEXICO 213.71 ▼ 3.18% FEMSA 211.97 ▲ 2.01% CEMEX 22.45 ▼ 1.32% GFNORTE 181.22 ▼ 0.57% BIMBO 58.29 ▲ 0.19% TELEVISA 9.08 ▼ 1.52% AMX 22.14 ▼ 0.49% GAP 418.01 ▲ 0.62% ASUR 296.77 ▼ 2.07% OMA 220.05 ▼ 1.57% KOF 186.51 ▼ 0.73% GRUMA 294.39 ▲ 0.36% KIMBER 38.10 ▼ 0.81% SQM-B 71,000 ▼ 1.29% COPEC 6,100 ▼ 1.36% BSANTANDER 68.10 ▼ 1.32% FALABELLA 5,450 ▼ 2.07% ENELAM 76.77 ▼ 1.18% CENCOSUD 2,168 ▲ 0.37% CMPC 1,028 ▼ 0.39% BANCO CHILE 163.99 ▼ 1.68% LATAM AIR 22.29 ▼ 1.37% YPF 83,050 ▼ 0.27% GGAL 7,350 ▼ 3.10% PAMPA 5,115 ▼ 1.35% TXAR 676.50 ▼ 2.10% ALUAR 1,015 ▲ 1.50% TGS 9,205 ▼ 2.80% CEPU 2,309 ▼ 2.49% MIRGOR 16,925 ▼ 0.88% COME 47.91 ▼ 3.17% LOMA NEGRA 3,430 ▼ 2.14% BYMA 293.00 — 0.00% TELECOM ARG 4,053 ▼ 2.88% ECOPETROL 15.58 ▼ 2.50% BANCOLOMBIA 72.25 ▼ 2.03% GRUPO AVAL 4.98 ▲ 0.81% CREDICORP 327.42 ▼ 4.80% SOUTHERN COPPER 196.59 ▼ 2.37% BUENAVENTURA 33.86 ▼ 2.67% MERCADOLIBRE 1,639 ▼ 2.05% NUBANK 11.64 ▼ 2.43% XP 15.60 ▼ 3.70% PAGSEGURO 8.77 ▼ 4.88% STONE 10.64 ▼ 5.34% GLOBANT 39.67 ▼ 6.17% TECNOGLASS 42.31 ▼ 3.29% GAP AIRPORT 240.72 ▲ 0.28% ASUR 296.77 ▼ 2.07% OMA AIRPORT 101.18 ▼ 2.25% AMX ADR 25.54 ▼ 0.66% FEMSA ADR 121.81 ▲ 1.39% CEMEX ADR 12.90 ▼ 1.23% PETROBRAS ADR 18.19 ▼ 2.83% VALE ADR 16.06 ▼ 4.52% ITAU ADR 7.59 ▼ 3.44% SANTANDER BR 5.30 ▼ 3.28% AMBEV ADR 3.14 ▼ 3.38% CSN 1.31 ▼ 7.75% GERDAU 4.75 ▼ 2.86% LATAM ADR 49.71 ▼ 2.55% BTC 63,998 ▼ 4.06% ETH 1,814 ▼ 2.38% SOL 71.63 ▼ 3.39% XRP 1.20 ▼ 0.77% BNB 620.10 ▼ 4.66% ADA 0.20 ▼ 5.67% DOGE 0.09 ▼ 1.34% AVAX 8.05 ▼ 1.44% LINK 8.34 ▼ 0.30% DOT 1.10 ▲ 2.52% LTC 47.16 ▲ 0.54% BCH 243.19 ▼ 9.59% TRX 0.33 ▲ 0.18% XLM 0.21 ▼ 5.85% HBAR 0.09 ▼ 1.93% NEAR 2.82 ▲ 7.48% ATOM 1.85 ▲ 1.92% AAVE 74.38 ▲ 1.20% SELIC 14.50% EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 55.19 ▼ 3.63% JBS 11.88 ▼ 2.62% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.06 ▼ 5.56% INTER 5.80 ▼ 3.33% EGX 52,564 ▼ 0.69% USD/ZAR 16.35 ▲ 0.13% USD/NGN 1,357 — 0.00% NIKKEI 68,402 ▲ 2.50% CSI300 4,939 ▲ 0.49% HSI 25,633 ▼ 1.56% NIFTY 23,406 ▼ 0.33% KOSPI 8,801 ▲ 0.15% JCI 5,941 ▼ 4.11% USD/JPY 159.95 ▼ 0.03% USD/CNY 6.7687 — 0.00% DAX 24,796 ▼ 1.31% CAC 8,150 ▼ 0.71% FTSE 10,332 ▼ 0.40% MIB 50,038 ▼ 1.07% IBEX 18,176 ▼ 0.53% STOXX 621.19 ▼ 0.66% EUR/USD 1.1609 ▲ 0.06% GBP/USD 1.3421 — 0.00% SPX 7,554 ▼ 0.74% DJI 50,687 ▼ 1.21% NDX 30,571 ▼ 0.29% RUT 2,894 ▼ 1.31% TSX 34,802 ▼ 1.05% VIX 16.06 ▲ 1.84% USD/CAD 1.3894 ▲ 0.01% US10Y 4.4910 ▲ 0.81%
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Latin America Local Politics

U.S. Vice President Biden Visits Brazil

By · May 28, 2013 · 3 min read

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By Ben Tavener, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Vice President of the United States, Joe Biden, is in Brazil this week, as part of a South American tour which also includes a visit to Colombia. The Vice President’s visit to Brazil is of the highest-ranking U.S. official since President Obama traveled to Brazil in 2011.

Vice President Joe Biden, Rio de Janeiro, Brazil News
U.S. Vice President Joe Biden is making his fourth trip to Latin America, photo by David Lienemann/Wikimedia Creative Commons License.
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Biden begins his three-day visit to Brazil in Rio on Wednesday where he will spend two full days meeting business figures, particularly from the energy sector. He will also meet with community leaders, including a visit to a pacified favela community.

Biden will meet President Dilma Rousseff and Vice President Michel Temer at the Planalto in Brasília on Friday, May 31st. An official statement said the Vice President looks forward to discussing “ways to deepen our economic and commercial partnerships and further our engagement on the broad array of bilateral, regional and global issues […].”

Speaking to Veja magazine ahead of the trip, Biden praised Latin America’s achievements in reducing poverty and noted the region was “experiencing a unique moment,” with “strong economic policies” making “a great contribution to the recovery of the global economy.”

The U.S. has made clear that it wishes to forge stronger ties with its partners in the Latin region through strong trade and investment. Recently, U.S. oil companies ExxonMobil and Chevron bought stakes in Brazil’s 11th oil and gas auction, signaling a return for the companies to Brazil.

Some commentators are suggesting that Vice President Biden’s visit to Brazil will act as a precursor to a state visit by Brazilian President Dilma Rousseff to the U.S. later this year; despite various unofficial visits by Brazilian leaders it would be the first state visit in almost twenty years.

Dilma welcomes Obama at the Palacio Planalto, Rio de Janeiro, Brazil News
Vice President Biden’s visit to Brazil is seen as the most important for U.S.-Brazil relations since that of President Obama in 2011, photo by Renato Araújo/ABr.

Commentators say that both regions want to seize on opportunities missed in the past. Brazil, for its part, has been accused of focusing too close to home, particularly on Mercosur, in terms of trade agreements in recent years.

U.S.-Brazil trade is reported to have totaled about US$59 billion in 2012, but Brazil has remained relatively closed to imports. Brazil’s 200 million-strong population is seen as a big potential growth market for U.S. companies.

Julia Sweig, Nelson and David Rockefeller Senior Fellow for Latin America and Director for Latin America Studies, writing in Folha de S.Paulo, blames “a lack of ambition” for hampering success between the two nations. Biden’s visit will focus on ways to promote strong economic growth, create more middle class jobs and work out a “China strategy,” she believes.

American business consultant and radio host Tom Reaoch says that the timing of Biden’s visit is key and that both sides will try to capitalize on it: “The U.S. wants to have influence in Brazil, which it sees as maturing and commanding a more influential position worldwide. Brazil needs more business from the U.S. and will gain expertise on security for its upcoming mega-events,” he tells The Rio Times.

Mr. Reaoch also believes the visit will act as a reaffirming of relations after President Obama’s re-election and with a new Secretary of State, John Kerry, now in place. Some predicting Brazil’s new global voice and neutral stance on international conflicts means there is also a chance the U.S. will support Brazil having a seat on a reformed UN Security Council – something Brazil has long sought.

Analysts say this fourth visit by Biden to Latin America as Vice President builds upon President Obama’s recent visit to Mexico and Costa Rica. The White House has also announced visits to the U.S. by the Peruvian President Ollanta Humana and Chilean President Sebastián Piñera in June this year.

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