Alibaba.com, China's biggest business-to-business web group, on Thursday officially started operations in Brazil, which it said showed huge potential for growth. The Hong Kong-based company, which is partnered in the venture with another firm from the same territory, Ludatrade Technologies, presented its activities at a news conference in Sao Paulo. Alibaba's sales director, Timothy Leung, said ...

All three fighter jets vying to be picked for a multi-billion-dollar contract to supply the Brazilian air force have passed a technical evaluation, news reports said Thursday. The foreign companies competing to supply Brazil's air force with 36 new fighter jets are France's Dassault with its Rafale fighter; Sweden's Saab with the Gripen NG aircraft; and US ...

Tens of thousands of people have taken to the streets of Rio de Janeiro to protest against changes in an oil royalties law that would drain the city's coffers. Changes made by Brazil's lower house of Congress would cut about $4 billion from ...