Bloomberg Thailand’s central bank left its benchmark interest rate unchanged near a record low as expected, with the prospect of a future tightening increasing as more monetary policy committee members dissented. Five of the seven committee members at the meeting voted to hold the one-day bond repurchase rate at 1.5 percent, where it’s been since 2015, according to the Bank ...

Bloomberg India’s central bank has enough reserves to defend the rupee, according to the State Bank of India and Nomura Holdings Inc., as the currency shrugged off the government’s supportive measures to plunge to a fresh record. The Reserve Bank of India can sell an additional $25 billion, at least, in the foreign-exchange market, SBI estimates, based on intervention patterns ...

Bloomberg Australia & New Zealand Banking Group Ltd. recently hired Morgan Stanley to help sell its stake in Indonesian lender PT Bank Pan Indonesia, according to people with knowledge of the matter. ANZ, which has long been seeking to divest its Bank Panin holding, plans to start gauging interest again from potential private equity and strategic buyers, the people said, ...

Bloomberg India’s plan to merge state-controlled lenders as a way to resolve its bad-debt issue didn’t thrill investors. The proposed union of Vijaya Bank and Dena Bank with Bank of Baroda fanned speculation of further consolidation in the sector. While some state-run lenders rose on Tuesday, most fell on concerns about eroding capital buffers and growing bad debt for buyers. ...

Bloomberg Royal Bank of Canada is getting ready to sell the country’s first bail-in eligible senior securities. The bank held a call with fixed-income investors to discuss the legal framework for the securities, according to people who had access to the call. Canadian lenders will be able to start issuing the new securities after September 23, when the bail-in framework ...

Bloomberg Tesco Plc is fighting back against German discounters Lidl and Aldi with a new line of stores that are wooing budget-conscious shoppers with a patriotic pitch. Tesco unveiled its first Jack’s store — named after the UK supermarket chain’s founder, Jack Cohen — in a small town 80 miles north of London. Private-label products, featuring a red Jack’s logo ...

Bloomberg Airbus SE needs at least another year to get production of its A320neo back on track and stabilise deliveries following manufacturing and design snags at its engine suppliers, according to a senior executive. The plane maker was forced to adjust the timing of its A320neo handovers at the start of 2018 after a fault was uncovered with Pratt & ...

Bloomberg American Airlines Group Inc. would consider barring passengers from changing nonrefundable tickets if Congress limits what carriers can charge for the adjustments, Chief Executive Officer Doug Parker said. “That non-refundable ticket is of value to us,” Parker told reporters after speaking to a business group in Irving, Texas. “We knew that seat was going to be filled. It allowed ...

Bloomberg Chanel No. 5 and the little black dress are about to come with a British twist. In a show of confidence for post-Brexit UK, French fashion icon Chanel Ltd. is transferring its global corporate functions from New York to a new home in London. Rather than expanding its Paris roots, the company will base its international team in London, ...

Bloomberg While Europe’s second-tier airlines collapse or wrestle with stretched finances, Wow Air plans to sell shares to the public. The Iceland-based low-cost carrier hired Arion Bank and Arctica Finance to prepare for an initial public offering in 12 to 18 months, it said, when it also published details about a bond issue. The 60 million euros ($70 million) bond, ...