Latest: Fintech News
Traders report a 'scramble' for yttrium, used in chips and jet engines; prices have soared 4,400% this year and China has sent no yttrium to the US since April.
The big three 'megabanks' have cashed in on a rise in interest rates and a wave of corporate activity fuelled by the end of deflation
Lee's security adviser said the countries discussed nuclear-powered submarines on the "premise" the vessels would be built in South Korea
The number of low-value packages sent to the bloc doubled last year to 4.6 billion, mostly from China, and European retailers want the flood stopped quickly.
Singapore has begun trialling a central bank digital currency (CBDC) and wants to trial tokenised MAS bills. It also has plans to regulate stablecoins
After a year of losing out on a frenzy of global investments, India could soon find some gains from being on the backfoot in the global AI trade
Stimulus package will include subsidies to lower utility and gasoline bills, aid to businesses hit by higher US tariffs and an expected increase in defence spending
TikTok, Snapchat and Meta's Facebook, Instagram and Threads are set to deactivate accounts registered by users under 16 to comply with an Australian law on social media platforms, sources say
Foreign outflows in Korean and Taiwanese stocks seen as largely driven by weakness in leading AI-related companies, analyst says
BYD has been building factories for local assembly in countries such as Hungary and Brazil and it plans a third plant for Europe, with Spain the top candidate.
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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