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Latest: Fintech News

Asian Powers Split On Sanctions, SWIFT Ban On Russian Banks
Asian Powers Split On Sanctions, SWIFT Ban On Russian Banks

China's Foreign Ministry on Monday voiced opposition to use of sanctions, but Japan and Korea backed the move to block some Russian banks from the SWIFT international payments system

CIPS, China’s Onshore Yuan Clearing and Settlement System
CIPS, China’s Onshore Yuan Clearing and Settlement System

Chinese payment-related stocks jumped on Monday as investors wagered that kicking banks out of the SWIFT system would benefit China's own cross-border payment system, CIPS

Chinese Payment Stocks Soar Amid SWIFT Curbs Against Russia
Chinese Payment Stocks Soar Amid SWIFT Curbs Against Russia

SWIFT sanctions against Russia seen as an event that will curb use of the dollar. Shares of payment firms such as Newland Digital Tech, Lakala Payment and Client Service rose strongly

Huawei Unveils 7 Smart Office Products Ahead of Mobile Meet
Zip Announces $491m Takeover of BNPL Rival Sezzle – SMH
Singapore Firms Told To Shore Up Cyber Defences – ST
Taiwan Says Ukraine Won’t Seriously Impact Chip Supply Chain
China’s Didi Performs U-Turn On Russia Exit Decision
Sanctions On Russia Remind China Over Its Need For Chips
Chinese Online Retailer Shein Puts US IPO on Hold

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