Bloomberg It keeps getting deeper for Houston, the epicenter of the US oil industry. As floods inundated the nation’s fourth-largest city on Monday, with more than a foot of rain likely still to come through Friday, predictions of damage ranged as high as $100 billion. Wall Street and Washington braced for the repercussions of the costliest US natural disaster since …

BANGKOK / Reuters Thailand has no immediate plan to revoke the passports of former prime minister Yingluck Shinawatra, the foreign minister said on Tuesday, after she fled the country last week ahead of a court ruling in a negligence case. Yingluck, 50, was elected Thailand’s first female prime minister in 2011 and is the sister of ousted former prime minister …

Bloomberg Pakistan’s new Prime Minister Shahid Khaqan Abbasi has set himself a possibly insurmountable challenge. He intends to work with arch-rival India to achieve peace across South Asia. It’s likely to be a tall order for Abbasi considering the two nuclear-armed nations haven’t had high-level dialogue for almost two years and given the institutional opposition of Pakistan’s military against reconciliation …