Fintech Insights

China Ban on Micron Adds to Trade Tension, Spurs Chip Rally

Shares of local and Asian chipmakers rose after China's cyberspace regulator said that Micron, the biggest US memory chipmaker, had…

1 week ago

China Will Still Get Big Investments From West, Scholz Says

G7 states want to limit 'risk exposure' to China but would still invest in supply supply chains there, German Chancellor…

1 week ago

G7 Leaders Seek to ‘De-Risk, Not Decouple’ From China

The G7 joint statement is not hostile and nothing in it should come as a surprise to China, given the…

1 week ago

India to Withdraw 2000-Rupee Notes Ahead of Elections

Indians have been asked to deposit or exchange their 2000-rupee notes by Sept 30, 2023; the move comes ahead of…

1 week ago

China’s Commerce Minister to Meet US Trade Chiefs Next Week

Wang Wentao is expected to meet his counterpart Gina Raimondo before travelling to Detroit for a meeting of APEC trade…

2 weeks ago

Micron to Spend $3.7bn to Bring EUV Chipmaking Tech to Japan

The development comes at a time when the US is increasingly urging its allies to work together to counter China's…

2 weeks ago

China’s Alibaba Approves Spinoff of Cloud Computing Business

Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders

2 weeks ago

Amazon Cloud Unit to Spend $13 Billion in India by 2030

Amazon Web Services said the investment will be used to build its cloud infrastructure in India and will support over…

2 weeks ago

OpenAI Boss Urges Regulations to Prevent ‘Harm to the World’

OpenAI chief executive Samuel Altman urges Congress to draw up rules and guidelines, saying he fears that artificial intelligence could…

2 weeks ago

Online Brokers’ Shares Fall on News They Will Cut China Apps

Futu Holdings and UP Fintech Holding will remove their apps in mainland China this week amid Beijing's intense focus on…

2 weeks ago

China Reports Weak April Data, Record Youth Unemployment

Data on industrial output and retail sales in April was well under forecasts, while youth unemployment hit a record 20.4%,…

2 weeks ago

Apple Supplier Foxconn to Spend $500m on Plants in India

The investment in factories that will make AirPods for Apple is expected to create many thousands of jobs in southern…

2 weeks ago