Brazil’s Temer to scrap reelection plan and back Meirelles

Brazilian President Michel Temer will give up plans to run for reelection and will instead support former Finance Minister Henrique Meirelles as presidential candidate for the Brazilian Democratic Movement (MDB) party, a person with knowledge of the matter said on Tuesday. With less than five months until the October 7 vote, candidates are still working to build party coalitions and win the attention of voters disenchanted with Brazil’s graft-tainted political class. Reuters reports.   Foreign direct investment to Mexico skyrockets in first quarter   Foreign direct investment in Mexico skyrocketed by 19.6 percent in the first quarter, to reach a record $9.5 billion in the period, the Ministry of Economy said Monday. The United States was the source of most […]

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