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Thai PM switching parties in bid to keep job after next vote

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  Bloomberg Thai Prime Minister Prayuth Chan-Ocha, a general who first came to power in 2014, announced that he will seek to retain his position with the help of a new party in a vote expected in the first half of 2023. Prayuth, 68, will be a prime minister candidate of the Ruamthai Sarngchart party set up last year, he ...

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JPMorgan-backed digital bank to double loans to midsize firms

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  Bloomberg C6 Bank, the Brazilian digital lender backed by JPMorgan Chase & Co, is planning to double its loan portfolio to midsize firms as it diversifies beyond retail clients. By the end of next year, C6 hopes to increase its loan book to such companies to more than 3.5 billion reais ($675 million) from about 1.8 billion reais now, ...

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Brazil gets crypto-trading ground rules as law signed

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Bloomberg Brazilian President Jair Bolsonaro signed into law the country’s first framework for cryptocurrency, with ground rules for brokerages that offer crypto as well as the assets’ day-to-day use. Though a formal designation is needed, the central bank is likely to be responsible for regulating and overseeing the new structure, according to the bill’s rapporteurs — the lawmakers who make ...

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