A Thai party close to ousted Prime Minister Thaksin Shinawatra announced Saturday it would backtrack on its nomination of the elder sister of the country's king as a prime ministerial candidate following the monarch's opposition to the selection.The Thai Raksa Chart Party issued a statement saying it "accepted the...command with devotion to the king and all members of the royal family," adding it would "act in accordance with the rules of the Election Commission and the Constitution."It also reportedly cancelled a campaign event scheduled for later in the day.The party in a surprise move on…READ FULL ARTICLE