Meirelles Keeps Post

Brazilian President Luiz Inacio Lula da Silva said he will keep central bank President Henrique Meirelles in his post, denying reports he was planning to replace him. Speculation mounted last week that Lula would fire Meirelles to show he’s taking steps to root out corruption amid accusations that members of Lula’s ruling coalition paid lawmakers for votes and ran a bribery scheme at state-run companies. In May, Brazil’s Supreme Court approved an investigation by federal prosecutors into allegations that Meirelles made illegal money transfers and underreported assets.