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Latest: Fintech News

Australia’s CBA Announces 26% Profit Rise, Share Buyback
Australia’s CBA Announces 26% Profit Rise, Share Buyback

Bank reports a half-year profit of A$4.7 billion, announces an interim dividend of A$1.75 per share

China Reports Rise in Non-Cash Payments – Xinhua
China Reports Rise in Non-Cash Payments – Xinhua

Payments involving bank cards, online payment vehicles, commercial papers, credit transfers and other settlements rose 16.2% over 2021

PayPal Halt to Hit Thais in Tough Market – Bangkok Post
PayPal Halt to Hit Thais in Tough Market – Bangkok Post

Industry pundits believe the move would make PayPal potentially lose customers and allow other competitors to step in

Tesla Cut Steering Part in Some Cars to Tackle Chip Shortage
Singapore Central Bank Hits DBS with Extra Capital Requirement
SoftBank Profit Plunges as Deal to Sell Arm Collapses
Digital Rupee Will Help Cut RBI’s Operational Costs – ET
Investors Made Millions on Obscure Crypto Coins – NYT
Mitsubishi UFJ Trust to Issue Crypto For Trading – Nikkei
Crypto Bull to Quit Twitter if Bitcoin Not at $100k in 2022

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