Bloomberg Sri Lanka’s bondholders aren’t living up to their obligations and should cancel debt to allow the country to get out of its economic crisis, a group of international academics said in a letter. Private creditors own almost 40% of the country’s external debt, mostly in the form of International Sovereign Bonds, but higher interest rates mean they receive ...

  Bloomberg Credit Suisse Group AG has lost two more senior private bankers in Hong Kong as attrition woes continue at the Swiss bank, according to people familiar with the matter. Mandy Loo, a managing director for the China market, and Howard Wu, a team leader for Greater China investment consultants, have both left the bank, said the people, asking ...

  Bloomberg The European Central Bank (ECB) predicts wage growth — a key indicator of where inflation is headed — will be “very strong” in the coming quarters, strengthening the case for more interest-rate hikes. A study of salary developments since the start of the pandemic shows underlying pay growth has been “relatively moderate” and is currently close to its ...