Brazil’s Cyrela eyes asset swap with Canadian public pension fund

Jan 24 Brazil’s Cyrela Commercial Properties SA is in talks with Canada Pension Plan Investment Board for a potential asset swap and joint ventures to invest up to $400 million in new commercial office space. Cyrela said in a securities filing on Tuesday that it had signed a non-binding agreement regarding the transfer of a 33 percent equity stake in its office buildings in exchange for CPPIB’s 25 percent stake in Cyrela’s warehouse business.

Brazil president to wait to replace justice killed in crash

In this photo released by Brazil’s Presidency, Brazil’s President Michel Temer attends the funeral of Brazil’s Supreme Court Justice Teori Zavascki in Porto Alegre, Brazil, Saturday, Jan 21, 2017. Brazil’s president said Saturday that he would wait to name a replacement for the Supreme Court justice who died in a plane crash until after the court reassigns a major corruption case he was handling.

Brazil struggles to curb prison violence that has killed 125

In this Jan. 15, 2017 file photo, inmates stand surrounded by police after a deadly prison riot at the Alcacuz prison in Nisia Floresta, Rio Grande do Norte state, Brazil. Brazilian authorities are scrambling to find ways to stop a wave of prison violence that has killed at least 125 inmates in two weeks, many decapitated and with their hearts and intestines ripped out.

Emerging Markets-Mexico peso weakens on Trump auto tariff threat

SAO PAULO, Jan 16 The Mexican peso fell more than 1 percent on Monday, after U.S. President-elect Donald Trump threatened to slap tariffs on German carmakers, which are stepping up production in low-cost Mexican plants. In an interview with German newspaper Bild, Trump warned he would impose a border tax of 35 percent on vehicles imported to the U.S. market, following campaign promises to revive U.S. industrial jobs and curtail imports from Mexico.

Hearts, intestines ripped out in Brazil prison killing spree

Relatives attend the burial of an inmate killed in a prison riot, at the Parque Taruma cemetery, in Manaus, Brazil, Wednesday, Jan. 4, 2017. The killing of dozens of inmates in two Brazilian prisons put Amazonas Gov. Jose Melo under fire and led him to say that that there were “no saints,” among the victims.