TOPIC

/ company

American Express

The latest news, analysis and opinion on American Express. In-depth analysis, industry insights and expert opinion.

Chairman / President

Stephen J. Squeri

CFO / Finance Director

Christophe Le Caillec

Industry

Banking

Website

americanexpress.com

Headquarters address

200 Vesey Street, New York City, U.S.

Stock Code

NYSE: AXP

Year founded

1850

last updated:

27 August, 2024

Non-mobile users and foreigners who are unable to use payment methods such as Alipay and WeChat Pay without a local bank account still face hurdles in China.Photo: Xinhua

China's economic recovery

China’s payment vow an ‘easy but marginal win’ as overseas concerns remain

China’s State Council vows to further support policies to optimise payment methods and pledges wider support for currency exchange services as part of efforts to address hurdles faced by foreigners.

9 Mar 2024 - 8:00AM

Asia travel

Gen Z, millennial travel trends: Instagram-worthy vistas, rural homestays

14 Dec 2023 - 5:23AM

Tourism

Where to travel in 2024, according to the experts – and where to avoid

22 Dec 2023 - 7:41AM

LIV Golf

Masters champion Jon Rahm ditches PGA Tour for LIV Golf

Spaniard becomes biggest name to make switch since Open champion Cameron Smith joined in 2022.

8 Dec 2023 - 9:04AM

Jon Rahm is taking his talents to LIV Golf next year. Photo: AFP

Stocks

The View | Charlie Munger’s wisdom on crypto ‘poison’ shows investment experience counts

Charlie Munger, along with investment partner Warren Buffett, built a strategy around good assets that had been underpriced. With a little of Munger’s discernment, investors and regulators might have avoided much pain over the likes of FTX and Binance.

1 Dec 2023 - 4:55PMvideocam

Banking & finance

Boon for expats, visitors as China approves Mastercard’s card clearing licence

Mastercard will be able to issue branded bank cards and run an independent payment information exchange network for fund settlements and transactions in China following the approval.

22 Nov 2023 - 12:53PM

Tourism

Where will hotel room rates rise the most in 2024? Report sheds some light

Hotel room rates will rise at least 10 per cent in 10 major cities next year, a report finds, and there will be increases in all 80-plus cities surveyed. Rising business travel is a factor for some.

18 Oct 2023 - 7:41PM

The Hotel Monitor 2024 forecasts which cities will see the biggest hotel room rate increases. Paris is among 10 predicted to see double-digit increases. Photo: Shutterstock

Millionaires and billionaires

Chinese collectors’ art sale flops at Sotheby’s auction in Hong Kong

Liu Yiqian and Wang Wei managed to only sell 28 of the 39 paintings on offer for a total of HK$455 million (US$58.1 million) 24 per cent less than the bottom estimate.

6 Oct 2023 - 10:28PM

Ant Group

Founder of India’s Paytm open to buying more stakes from Ant Group

Vijay Shekhar Sharma, also CEO of Paytm, increased his stake at the firm after purchasing shares from Ant Group subsidiary Antfin amid broader concerns about Chinese ownership in Indian fintech firms.

5 Sep 2023 - 11:49AM

Hong Kong International Airport

7 luxury lounges to rest and rejuvenate in at Hong Kong International Airport

Lounges might just be one of the best parts of a luxury travel experience – from Cathay Pacific’s first-class lounge with its massage parlour to Qantas’ incredible cocktails, here’s where to go

5 Sep 2023 - 12:11PM

Cathay Pacific and Qantas have reopened their lounges at Hong Kong International Airport, while new arrival Intervals offers a fresh F&B concept for all. Photos: Intervals, Cathay Pacific, Handout

Asia travel

Move over, Changi! 8 reasons to love Hong Kong International Airport

Happy 25th birthday to Hong Kong International Airport! As the city celebrates this quarter-century milestone, we take a look at all the fantastic reasons we love it – modern updates included

18 Jul 2023 - 6:24PM

Hong Kong International Airport has upgraded its offerings since its pre-pandemic era. Photo: @hongkongairport/Instagram

Fame and celebrity

How Taylor Swift makes and spends her US$740 million fortune

From touring, studio albums and merch to investing in real estate and helping those in need, here’s how Tay Tay got so rich, so fast – and how she’s giving back to those in need

8 Jul 2023 - 12:05AM

Tencent

Tourists to China can soon pay with Visa using Tencent’s WeChat

Tencent will let foreign users link their Visa cards to their WeChat mobile payments accounts from July, after a similar move by Ant Group’s Alipay.

28 Jun 2023 - 5:41PMvideocam

India

China might be the workshop of the world, but India is its ‘back office’

While China specialised in becoming the world’s factory, India has spent the past three decades quietly attracting multinationals to set up so-called global capability centres – which now generate more combined revenue than the entire economy of Nepal.

14 Jun 2023 - 3:14PM

Workers are seen at the Siemens Healthineers AG global capability centre in Bangalore earlier this year. Across India, the offices set up by multinationals to provide cheap operational support are now taking on more sophisticated roles. Photo: Bloomberg

Tourism

The White Lotus effect: how TV drama is influencing where we go on holiday

Tourists are increasingly travelling to locations they see on television shows, from the dreamy hotels in The White Lotus to the streets of the French capital pictured in Emily in Paris. Here’s why.

29 Mar 2023 - 7:15AM

A scene from The White Lotus, filmed at the San Domenico Palace, Taormina, a Four Seasons Hotel. The hotel has seen a sharp rise in popularity as travellers increasingly plan their holidays based on locations seen in television dramas. Photo: @thewhitelotus/Instagram

TikTok

For some, TikTok is a path to riches. With a US ban, it could all disappear

An outright US ban of the app would be a devastating blow to many of the small businesses that have turned to TikTok to reach potential customers.

27 Mar 2023 - 8:21PMvideocam

Asia travel

Explainer | Hotel loyalty programmes explained, and how to choose the best one for you

From Accor, Marriott, Intercontinental and Hilton to Kempinski, Anantara and Pan Pacific, we look at how hotel loyalty programmes work and how to get the best out of them.

20 Mar 2023 - 7:25PM

Celebrity style

The most daring Oscars outfits of the last 50 years, from Prince to Cher

Despite Cher’s 1986 Oscars look being described as a ‘bat-crazy mash-up of witchy showgirl and Halloween Big Bird’, it still made headlines – as did these other unforgettable red carpet ensembles

13 Mar 2023 - 1:00AM

From Edy Williams and Cher’s revealing looks to Billy Porter’s tuxedo gown, a dress made of Amex and Zendaya’s Sharon Stone tribute, some stars pull out all the stops for the Oscars red carpet. Photos: Getty Images, AP, EPA

Banking & finance

Airwallex secures China online payments licence via acquisition

Airwallex acquired 100 per cent of online payments and information services firm Guangzhou Shang Wu Tong Network Technology and it is now a third-party payments provider in China.

8 Mar 2023 - 7:30AM

Australia

Australia’s PM Anthony Albanese joins Sydney’s Mardi Gras

‘People want to see that their government is inclusive and represents everyone no matter who they love, no matter what their identity,’ said Albanese, the first sitting prime minister to take part in the LGBT event.

26 Feb 2023 - 3:24AM

Fame and celebrity

How Ye spends his US$400m fortune – what’s left of his former billions

His net worth may have halved after Adidas and Gap slashed contracts with him, but his gigantic property portfolio, Porsches and Mercedes-Benzs, and queue of loyal music listeners keep his value up

16 Nov 2022 - 12:10AM

Despite Ye’s, formerly Kanye West’s, controversies, he still sits on a net worth of US$400 million. Photos: Getty, TNS, J.P. King Auction Company

Aviation

Airlines reboot as Covid-19 sparks a revolution in business trips

Environmental concerns, rising ticket prices, increased flight cancellations amid staff shortages and a boom in online videoconferencing are all undermining the single-day trip option as an industry standard.

7 Nov 2022 - 7:45PMvideocam

The proportion of short business trips has fallen by more than 25 per cent compared with 2019 levels as online meetings grow in popularity. Photo: Bloomberg

Fame and celebrity

Where is Armie Hammer in 2022? 5 bizarre updates on the disgraced actor

Remember those damning sexual abuse allegations around Armie Hammer? Well, here’s an update on the disgraced actor’s possible whereabouts today …

5 Nov 2022 - 3:00AM

Travel news and advice

Why ultra-rich travellers are splurging on extreme ‘bucket list’ experiences

Wealthy wanderlusters are seeking more extreme holidays for bucket-list travel destinations, from Rwanda to the Galapagos Islands, while prioritising remoteness and family first

28 Oct 2022 - 12:09PM

Tourism

Why slow-paced sustainable travel will be 2023’s top tourism trend

Book a luxury berth and cross Europe by train, go on safari in Mexico or seek adventure in the Arctic Circle – today’s trips look to meet the need for more conscious travel

14 Oct 2022 - 11:43AM

The Artic Circle offers front-row seats to the
Northern Lights. Photo: Octola Villa

Profile

Profile | She had an abusive dad who tried to light her on fire – but she’s thriving

Christina Chung talks to Kate Whitehead about surviving an abusive father, a gambler first husband and a catwalk creep, finding love, raising six daughters and returning to modelling at the age of 50.

31 Jul 2022 - 1:45PM

Christina Chung rediscovered modelling at the age of 50. She reveals how she survived an abusive father, found love twice and raised seven children. Photo: Abdela M

Hong Kong chefs

Hong Kong ‘demon chef’ Alvin Leung on life, death, and food art

The self-taught chef changed the rules of fine dining for Hong Kong. With the reinvention of Bo Innovation and the imminent launch of Celebrity Demon, Alvin Leung is rewriting his own story, again.

17 Jul 2022 - 8:15AM

Comedians and comedy

Laughing to the bank: 10 richest comedians in 2022 – net worths, ranked

Will Ferrell may make US$20 million per film he acts in, but he also produces HBO hit Succession and is set to star in the new Barbie movie – so which other comedians have truly hit the big time?

13 Jul 2022 - 8:49PM

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