Brazil's new president names business-friendly cabinet

May 12, 2016

Temer, a center-right veteran with the backing of the markets, named former central bank chief Henrique Meirelles -- a champion of orthodox monetary policies -- as finance minister and former Sao Paulo governor Jose Serra as foreign minister

Brazil's acting president Michel Temer named a business-friendly cabinet Thursday after his former boss Dilma Rousseff was suspended from office, ending 13 years of leftist rule.

Temer, a center-right veteran with the backing of the markets, named former central bank chief Henrique Meirelles -- a champion of orthodox monetary policies -- as finance minister and former Sao Paulo governor Jose Serra as foreign minister, an adviser told AFP.

 

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