Catenaa, Wednesday, June 11, 2025- Asian shares rose on Wednesday after the US and China said they had reached an agreement on a framework for easing the trade tension between the two nations. Japan’s benchmark Nikkei 225 surged 0.5% while data from the Bank of Japan showed wholesale inflation slowed in May, meaning there might […]
Catenaa, Monday, July 07, 2025- US Treasury Secretary Scott Bessent said that he expected to meet with his Chinese counterpart in the coming weeks to advance discussions on trade between the two nations. “I’m going to be meeting with my Chinese counterpart at some time in the next couple of weeks,” Bessent said in an […]
Catenaa, Friday, May 23, 2025- US Treasury Secretary Scott Bessent said the US could be announcing “several large” trade deals in the next couple of weeks, as the Trump administration is expected to meet with China for tariff talks. “My sense is, over the next couple of weeks we’re going to have several large deals […]
Catenaa, Friday, June 20, 2025- China kept its benchmark lending rates unchanged Friday, after a rate cut in May as a trade deal with the US eased some growth concerns. The People’s Bank of China(PBOC) held the 1-year loan prime rate at 3.0% and the 5-year LPR at 3.5%. Last month, Chinese authorities cut the […]
Catenaa, Tuesday, July 08, 2025- China warned the US on Tuesday against reigniting trade tension by restoring tariffs on its goods next month and threatened nations that strike deals with the US. US and China agreed to a trade framework in June that restored a fragile truce, but with many details still unclear, traders and […]
Catenaa, Friday June 27, 2025- The United States and China have confirmed a new trade framework following a series of high-level negotiations, signaling a thaw in years of tense economic relations. China’s Commerce Ministry said Friday (Today) that both countries had finalized details of an agreement struck earlier this month in London. Under the deal, […]
Catenaa, Friday, June 13, 2025- India exported almost all of the iPhones made by Foxconn to the US between March and May, Reuters reported on Friday, citing Customs data, bypassing US tariffs imposed on China. The numbers, reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively […]
Catenaa, Tuesday, May 13, 2025- Goldman Sachs lifted its three-month S&P 500 index target to 5,900 points due to easing trade tension between the US and China, but it says there are still uncertainties. A note by Goldman Sachs analyst David Kostin and team, sent to clients, said that they have raised their three-month target […]
Catenaa, Friday, June 27, 2025- Nike shares jumped by over 15% on Friday after the company said it’s shifting some production away from China and warned of $1 billion loss from US tariffs. Nike is not the first retail company to warn of price hikes. Walmart said last month that its customers will start to […]
Catenaa, Thursday, June 05, 2025- US President Donald Trump and Chinese President Xi Jinping had a phone conversation on Thursday as the two nations try to restart previously stalled trade talks. “Our respective teams will be meeting shortly at a location to be determined,” President Trump announced on Truth Social after what he described as […]
Catenaa, Monday, June 09, 2025- The US and China restarted trade talks in London on Monday, as the two nations aim to ease export controls and close the deal on rare earth minerals. “The purpose of the meeting today is to make sure that they’re serious, [and] to literally get handshakes,” Kevin Hassett, director of […]
Catenaa, Friday, May 16, 2025- US Consumer sentiment fell to its second-lowest level in May as Americans expect Trump’s tariffs to raise prices over the next year. The latest University of Michigan survey released Friday showed that the sentiment index slid to 50.8, below the 52.2 seen last month. The reading was just shy of […]
Catenaa, Tuesday, July 08, 2024- US container imports from China fell by 28.3% year-on-year in June, after higher tariffs on goods by President Donald Trump took effect. Supply chain technology provider Descartes said on Tuesday that overall US container imports fell 3.5% from June 2024 levels, coming in at 2.2 million 20-foot equivalent units (TEUs). […]
Catenaa, Thursday, July 03, 2025- US has lifted recent export license requirements imposed by the Trump administration for chip design software sales in China, as part of the deal between Washington and Beijing. The US Commerce Department informed the world’s three leading semiconductor design software providers, Synopsys Inc., Cadence Design Systems Inc. and Germany’s Siemens […]
Catenaa, Monday, June 02, 2025- US stocks fell on Monday after China hit back at US President Trump’s claim that China had violated the trade deal they arrived at in Geneva. The Dow Jones Industrial Average fell over 0.7%, the S&P 500 declined nearly 0.6%, while the tech-heavy Nasdaq Composite ticked lower by about 0.1%. […]
Catenaa, Monday, May 19, 2025- US Stocks fell on Monday after Moody’s downgraded the US credit rating last week, causing Treasury yields to spike. The Dow Jones Industrial Average was down by 0.15% or 65 points, the S&P 500 was down by 0.4%, while the Nasdaq Composite shed 0.5%. On Friday, Moody’s downgraded the US […]
Catenaa, Wednesday, June 11, 2025- The United States and China have agreed in principle to a new trade framework aimed at resolving tensions over tariffs and rare earth exports, officials from both countries said Tuesday, following two days of high-level talks in London. The preliminary deal now awaits approval from President Donald Trump and Chinese […]
Catenaa, Tuesday, June 10, 2025- The world economy will grow at its slowest pace since the 1960s during this decade, the World Bank warned on Tuesday, as trade wars will hit economies. Citing “a substantial rise in trade barriers’’ the World Bank said that the US economy would grow half as fast (1.4%) this year […]