Thailand PM Dissolves Parliament Ahead of May General Election
Thailand’s parliament was dissolved on Monday ahead of elections slated for May as Prime Minister Prayuth Chan-Ocha seeks to extend nearly a decade of his military-backed rule.
Bloomberg Top News
Uber-Lyft Group Challenges Biden’s Labor Pick Over Worker Rules
A group representing Uber Technologies Inc., Lyft Inc. and other app-based services is raising concern about President Joe Biden’s nominee to lead the Labor Department over her stance on worker-classification rules.
Macron Government Faces Vote of No Confidence Amid Protests
(Bloomberg) — Emmanuel Macron’s government will face two confidence votes as soon as Monday amid anger over the French president’s decision to bypass the legislature in pushing through his unpopular pension reform that will boost the minimum retirement age to 64 from 62.
US, Philippines Tout Perks of Military Deal Opposed By China
The US and the Philippines highlighted the benefits of a recently expanded defense deal, as America’s push for greater presence in the Southeast Asian nation faced opposition from China and local politicians.
Gundlach Blasts Credit Suisse’s Bondholders After Wipeout
DoubleLine Capital’s Jeffrey Gundlach said Credit Suisse Group AG’s bondholders, who are irate after the takeover by UBS Group AG wiped out about 16 billion Swiss francs ($17.3 billion) of risky notes, have only themselves to blame.
Thailand’s DTGO Said to Weigh Singapore REIT IPO for $609 Million UK Assets
Thai conglomerate DTGO Corp. is weighing listing its UK hospitality assets via a real estate investment trust in Singapore as soon as next year, according to people with knowledge of the matter.
Former Merrill Lynch Trader Swept Up In Tax Fraud Investigation
Osman Semerci, a once-rising star at Merrill Lynch & Co. until the unit he oversaw helped usher in the firm’s demise, is in the spotlight again.
European Stocks Slump as Banking Concerns Persist: Markets Wrap
European stocks fell and US equity futures retreated as the emergency weekend sale of Credit Suisse Group AG to UBS Group AG failed to soothe market jitters over the health of the banking system. Investors turned to the safest assets, spurring gains in Treasuries, while gold rose on haven demand.
Erdogan Flexes Military Muscle to Boost Support Ahead of Vote
President Recep Tayyip Erdogan used a display of new military jets to drum up support for his election campaign this weekend, a show of force ahead of elections in May that will test his two decades in power.
China Investigates Former High-Profile Chip Leader in Latest Graft Probe
China’s top anti-graft watchdog has begun an investigation of former Tsinghua Unigroup Chairman Zhao Weiguo, who becomes the latest high-profile figure ensnared in an industry-wide corruption dragnet.