Bloomberg Business

Thai PM Hopeful Pita Can’t Be Nominated Twice, Senator Says

Thai politician Pita Limjaroenrat, who fell short in his bid to secure the country’s top political office last week, cannot be nominated again when the parliament reconvenes to vote afresh, according to Senator Seri Suwannapanont.

Nordea Sees Highest Profitability in 15 Years on Rates Boost

Nordea Bank Abp, the biggest bank in the Nordic region, raised its full-year profitability guidance as the tailwind from rising interest rates helped it generate better than expected profits in the second quarter.

India, Indonesia Plan Local Currency Trade, Payments Links

Indonesia and India are planning to settle bilateral transactions in local currencies and link up their fast payments systems to spur cross border fund transfers, according to a senior Indian government official.

UK Defense Secretary Wallace Leaves at Tricky Time for Sunak

UK Defense Secretary Ben Wallace will leave Rishi Sunak’s government at the next cabinet reshuffle and step down as an MP at the next general election, fueling a sense of despondency in the ruling Conservative Party ahead of a tricky week when internal frustrations may burst open.

Casino Bidder Kretinsky Wins as Rival Investor Group Drops

Czech billionaire Daniel Kretinsky is set to take control of Casino Guichard Perrachon SA after a trio of French businessmen led by telecommunications investor Xavier Niel pulled out of the race for the troubled grocer.

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