BUSINESS

A crane is pictured during the construction of a building, in Shanghai, China July 20, 2022.

Asia Credit Investors Feel The Pain Of China Property Exposure

China's crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their returns and bringing years of gains to a juddering halt.

Barclays Profit Dented After $2 Billion Cost Of Blunder

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022.
Barclays' first half profit fell more than expected due to a 1.9 billion pound ($2.3 billion) hit for regulatory misteps mostly from covering the costs of having to buy back billions of dollars worth of securities it sold in error.

Barclays' Blunders Overshadow Strong Trading Performance

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022.
Barclays' profit was dented by a 1.9 billion pound ($2.3 billion) hit for regulatory missteps, including having to buy back billions of dollars of securities the bank sold in error, overshadowing an otherwise solid performance.
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The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020.

Volkswagen Keeps Outlook, Says Porsche IPO On Track

Volkswagen said it expected to reach the upper end of its 7%-8.5% operating margin goal for the year on Thursday, as supply chain bottlenecks in items from wire harnesses to chips eased, and confirmed plans to list its Porsche brand this year.

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