Latest: Fintech News
Indian refiners have trouble paying for oil because Moscow prefers yuan, while Delhi likes to settle deals in UAE dirham, but that now involves extra clearing requirements
Buffett's exit comes after a string of selldowns for Paytm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group
The Montenegrin justice minister will decide whether Kwon will go to South Korea or the US — where he faces eight charges, including securities and wire fraud
News of the delay follows analysts concerns around Nvidia’s plan to introduce three new chips for China, as developing new chips can be highly resource-intensive
Chinese smartphone buyers opted for handsets like Huawei's Mate 60 over Apple’s latest iPhone 15 during the two-week shopping festival
A letter written by staff researchers to the OpenAI board of directors, in the days before Altman's dismissal, warned of an AI discovery that ‘could threaten humanity’
The gaming giant is accused of abusing its dominant position via its PlayStation Store, which charges a 30% commission to developers and publisher
Binance's deal with US regulators includes an agreement to have court-appointed monitors from the Justice and Treasury departments for up to five years, report says
Zhongzhi sent a note of apology to investors on Wednesday, saying it had liabilities of up to $64 billion. This has led to fears of debts spreading from the property crisis to the financial sector
Just hours before the firm pulled its cloud unit’s listing, it had emerged Ma's family trust intended to sell 10 million American depository shares
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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Fintech: The Big Picture
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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