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Latest: Fintech News

Reserve Bank of India Ramps up Testing of its Digital Rupee
Reserve Bank of India Ramps up Testing of its Digital Rupee

Bankers said on Wednesday the RBI is calling for more lenders to take part in pilot programmes using the e-rupee in a bid to push the number of transactions to a million a day

Thai Baht Rises as Dollar Falls And Vote for New PM Nears
Thai Baht Rises as Dollar Falls And Vote for New PM Nears

The baht was one of two Asian currencies to rise on Tuesday, but businesses in Thailand are closely watching the vote for a new PM, which will be held in parliament on Thursday.

Foxconn Says ‘Committed To India’ After Quitting Vedanta JV
Foxconn Says ‘Committed To India’ After Quitting Vedanta JV

Explaining its breakup with Vedanta, Foxconn said "there was recognition from both sides that the project was not moving fast enough"

China’s Gallium Curbs a Headache for EV Carmakers
Taiwan’s Foxconn Pulls Out of $19bn Vedanta India Chip JV
Alibaba, Tencent Shares Rise as China Tech Crackdown Nears End
China Seeks US Action on Sanctioned Firms After Yellen Talks
Chinese EV Boom Erodes Japan’s Grip on Thai Auto Market
China Regulates $2.9tn Private Equity Funds for Economy, Tech
Yellen Says China Investment Curbs Will Be ‘Narrow In Scope’

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors