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Latest: Fintech News

Australian Lawsuit Accuses Crown of Money Laundering Breaches
Australian Lawsuit Accuses Crown of Money Laundering Breaches

Australian Transaction Reports and Analysis Centre said Crown started by billionaire James Packer failed its due diligence obligations "innumerable" times from 2016 to 2020

China Warns Of Huge Pressure On Trade As Challenges Mount
China Warns Of Huge Pressure On Trade As Challenges Mount

"This year, the pressure on foreign trade will be huge and the situation will be very severe," Commerce Minister Wang Wentao warned

Australia’s CBA sells Chinese Bank Stake for $1.8bn – The Age
Australia’s CBA sells Chinese Bank Stake for $1.8bn – The Age

CBA said it had entered into a binding agreement to sell a 10% stake in Bank of Hangzhou, and it would retain its remaining 5.57% stake for at least three years

Paytm Faces Pushback from Shareholders on Esops – BS
China’s Video Game Studios Face Long March – Caixin Global
China Media Say Dollar, SWIFT in Decline on Russia Sanctions
Toyota To Shut All Japan Plants After Cyberattack: Nikkei
BP Exit, Plane Leases Open New Fronts For West Against Russia
Asian Powers Split On Sanctions, SWIFT Ban On Russian Banks
CIPS, China’s Onshore Yuan Clearing and Settlement System

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