Brazil’s acting Temer president names business friendly cabinet

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.