Catenaa, Friday, May 09, 2025- US President Donald Trump on Friday said that cutting tariffs on China to 80% “seems right” ahead of a meeting with Beijing over the weekend. “80% Tariff on China seems right! Up to Scott B,” Trump wrote on his social media account on Friday morning, referring to Scott Bessent, his […]

Catenaa, Thursday, April 10, 2025- TSMC, the world’s largest contract chipmaker, reported $ 25.55 billion net revenue in the first quarter on Thursday, beating market forecasts, as the company reaps the benefit from artificial intelligence demand. In the January-March period, Taiwan Semiconductor Manufacturing Co (TSMC) posted revenue of 839.25 billion Taiwan dollars, about $25.5 billion, […]

Catenaa, Tuesday, May 06, 2025- The US trade deficit in the first quarter of 2025 increased by over 92% to $438 billion as imports surged by 23% in the quarter ahead of the tariffs by President Trump. Commerce Department’s Bureau of Economic Analysis (BEA) said on Tuesday that the goods and services deficit increased $189.6 […]

Catenaa, Thursday, April 10, 2025- Chinese yuan fell to its lowest value in 17 years against the US dollar on Thursday, with China’s central bank cutting its daily reference rate for the sixth straight session.  The yuan slipped to 7.354 per dollar in early trade—its lowest since 26 December 2007, It has lost about 1.2% […]