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Latest: Fintech News

China’s Factory Growth, Retail Sales, Bank Lending Slowed in July
China’s Factory Growth, Retail Sales, Bank Lending Slowed in July

Chinese manufacturers' profits face subdued demand and factory-gate deflation at home, while new yuan loans contracted in July for the first time in 20 years

Bridgewater Sells All US-Listed China Stocks in US in 2nd Quarter
Bridgewater Sells All US-Listed China Stocks in US in 2nd Quarter

Giant US hedge fund sold its entire holdings in about 16 Chinese stocks and two China-focused funds between April and June. Move puts a spotlight on concern about China stocks listed in the US

India Wants US Ties With Mutual Respect, Says Arms Deals Still on
India Wants US Ties With Mutual Respect, Says Arms Deals Still on

Foreign ministry hoses down concern over rocky bilateral ties, says purchases of US arms are still on course, despite differences on Russian oil and other issues

Foxconn’s Q2 Profit Jumps on Strong Demand for Its AI Servers
US ‘Put Trackers in AI Chip Shipments to Catch Diversions to China’
Woes From Myanmar’s Catastrophic Civil War Spilling into Thailand
China Pressing Tech Giants To Stop Buying Nvidia’s H20 AI Chips
Trump’s Tariffs Spur Calls to Boycott American Goods in India
China’s Workers Hit by Tariffs as Factories Cut Hours, Pay
Trump Lauds Intel CEO After Meeting Him, Call for Him to Resign

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