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Latest: Fintech News

Four Agencies Developing Digital Yuan – Beijing Daily
Four Agencies Developing Digital Yuan – Beijing Daily

People's Bank of China, State Administration for Market Regulation, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission are coordinating

Yum China Adds Machines, Not Workers – Nikkei Asia
Yum China Adds Machines, Not Workers – Nikkei Asia

"We increased our stores, but without increasing the total number of staff," chief executive Joey Watt said on a call with analysts and investors

Cost Cutting, Weak Yen Prompt Honda to Raise Profit Forecast
Cost Cutting, Weak Yen Prompt Honda to Raise Profit Forecast

The carmaker expects operating profit of 800 billion yen for the fiscal year ending March 31, up from its previous forecast of 660 billion yen

Toyota Profits Drop 21% in 3rd Quarter Amid Chip Squeeze
EU Joins Chips Race with $49bn Bid to Rival Asia
US Charges Couple Over $4.5bn Hong Kong Crypto Heist
Malaysia’s Iimmpact Wins Funding from Sequoia Capital India
KKR Pours $180m into Livspace Asia Renovation Platform
Australia’s CBA Announces 26% Profit Rise, Share Buyback
China Reports Rise in Non-Cash Payments – Xinhua

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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