Wednesday , 31 December 2025

Recent Posts

Idle credit cards in Asians’ wallets prompt Citi, HSBC overhaul

  Hong Kong / Bloomberg Free rice cookers and suitcases were among the special deals that tempted Chiu Wing-suet into accumulating her 20 credit cards, many of which are crammed into her wallet. She’s unlikely to accept any more such offers. “I’ve come to realize that most of my cards are useless,” said the 30-year-old Hong Kong nurse. “I basically …

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Lenovo posts quarterly revenue of US$10.1bn

  Emirates Business Lenovo Group (HKSE: 992) (ADR: LNVGY) on Sunday announced results for its first fiscal quarter ended June 30. Quarterly revenue was US$10.1 billion, a six percent decrease year-over-year (or four percent decrease in constant currency). Quarter-to-quarter, this represented a 10 percent increase. First quarter pre-tax income increases 297 percent year-over-year to US$206 million. Net income increases 64 …

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United Airlines names new CFO

  Bloomberg United Airlines Chief Executive Officer Oscar Munoz filled a top finance spot that had been vacant for 12 months and replaced the longtime chief revenue officer, bolstering his management team almost a year after taking the helm. Andrew Levy, 47, was named chief financial officer, joining the third-largest US carrier from discounter Allegiant Airlines, United Continental Holdings Inc. …

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