British oil giant BP announces its first foray into Brazil by paying $7 billion for a group of assets held by Oklahoma City-based Devon Energy.

Brazilian equities rise as housing stocks extend gains and as oil giant Petroleo Brasileiro SA reports evidence of oil in offshore Brazil.

American Airlines said Wednesday that members of its frequent-flier program can redeem miles for flights on Brazilian carrier GOL.

American Airlines AAdvantage® members now have the ability to redeem AAdvantage miles for flights on GOL, one of South America's largest airlines.

Brazilian stocks rise, with CSN higher as the company reportedly says its moving closer to launching an IPO for a key iron-ore mine.