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

Stocks of Chinese firms involved in data centre tech and cloud computing surged on Monday after Beijing approved the building of 10 data centre clusters worth billions of dollars.

The national team's most famous stock market intervention came in 2015, when state funds invested $158 billion to stabilize the market after a rout triggered by a shock yuan devaluation.

The pressure keeps piling on Warren Buffett-backed Indian payments merchant Paytm. Shares of its owner One97 Communications are in freefall and now it must deal with gloomy predictions about its future revenues.

Coinbase, the biggest US cryptocurrency exchange, plans to acquire recently launched futures exchange FairX to “make the derivatives market accessible to our millions of customers through an industry-leading, simplified user experience.”

Singapore has long rivalled Hong Kong in the battle to become the financial hub of Asia. Now, it has an unprecedented opportunity to stake a claim as the region’s fintech leader as its northern rival battles regulatory restrictions.

As cryptocurrency scams become more sophisticated, especially with the emergence of so-called “rug pulls”, recently released data shows that cryptoscams reached an all-time high in 2021. Illegal operations made off with more than $7.7 billion of investors' wealth, which is 81% more than in 2020.

Network gear maker Cisco Systems has made a takeover offer worth more than $20 billion for software maker Splunk Inc, the Wall Street Journal has reported

Shares of Chinese construction companies, cement makers and machinery suppliers soared on Monday after Beijing pledged to ramp up infrastructure investment to bolster the slowing economy

Life Insurance Corp of India's embedded value has been put at more than 5 trillion rupees ($66.8bn), an official overseeing what is expected to be the country's largest IPO said on Thursday

Tata Consultancy Services and Infosys have overtaken US titan IBM to give India two of the world's top three IT services brands.

Hundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.