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Latest: Fintech News

UnionBank Buys Citigroup’s Philippines Assets for $1.1bn
UnionBank Buys Citigroup’s Philippines Assets for $1.1bn

Citi Philippines corporate banking serves about 950 multinational corporations, as well as local companies, including 90% of the top 20 Philippine Stock Exchange stocks.

Intel Apologises Over Statement on Xinjiang Labour
Intel Apologises Over Statement on Xinjiang Labour

US chipmaker Intel apologised on Thursday to its Chinese customers, partners and public for telling suppliers not to source products or labour from Xinjiang, saying it had been forced to do so.

US SEC Rejects Apple Bid to Block Investor Proposal on Forced Labour
US SEC Rejects Apple Bid to Block Investor Proposal on Forced Labour

Apple may have to face a vote on the proposal at its annual shareholder meeting next year, barring a deal with the shareholders who made it

US Safety Regulator Probes Tesla’s Video Game Feature
SenseTime Plans $740m Fundraising in Revised IPO
Tencent Offers $16.4bn JD.com Stake to Investors as Dividend
India Now Third-Largest Home for ‘Unicorns’ – Deccan Herald
SK Hynix’s Intel Nand Business Takeover Wins China Approval
UK Ad Watchdog Rebukes Arsenal Over Crypto Promotion
Chinese Ministry Axes Alibaba Cloud Deal Over Late Bug Report

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