Bloomberg Sri Lanka will probably clinch a debt restructuring deal with its creditors only by the end of the year, with Standard Chartered Plc predicting losses for both domestic and dollar bondholders. The International Monetary Fund (IMF) board approval of a $2.9 billion bailout for the island nation is likely to happen in the second rather than first quarter of ...

Bloomberg Credit Suisse Group AG’s longtime top shareholder Harris Associates slashed its stake by about half, in a sign of wavering confidence on the latest turnaround plan of the troubled Swiss lender. The US investment firm, which last year still held a stake of about 10%, saw its holding fall to about 5% as of the end of last year, ...

  Bloomberg The Bank of Korea (BOK) is set to raise its key interest rate one more time, with policymakers then seen bringing their 18-month tightening cycle to a close amid rising concerns about the economic outlook. Eleven of 16 economists surveyed expect the central bank will hike the benchmark to 3.5%, while the remaining five expect it to hold at ...