Bringing you just the headlines

  • US trade deficit recedes in November on falling imports

    The US trade deficit in November receded from a 10-year high in the prior month, as imports fell by more than exports, according to a Wednesday report that had been delayed by the government shutdown. However, the trade gap is more than 10 percent higher for the January-November period than it was in 2017, despite President Donald Trump’s aggressive policies that have imposed punitive tariffs on hundreds of billions of dollars in goods, and sparked

    Raw Story
  • P2.5 billion fund for juvenile homes pushed

    Senate Minority Leader Franklin Drilon yesterday pushed for the allocation of an additional P2.5 billion to the Department of Social Welfare and Development budget for the construction and maintenance of Bahay Pag-asa or rehabilitation center facilities for children in conflict with the law.
  • Trade gap narrows in December 2018 as exports, imports fall

    The Philippines’ trade gap narrowed to a three-month low in December, after exports stayed weak and import growth slowed sharply during the month, the country’s statistics agency reported Tuesday. by Ian Nicolas Cigaral
  • Record $5.7 billion spent on 2018 elections for Congress

    Spending in the 2018 elections for Congress topped $5.7 billion, making the battle for control of the House and Senate the most expensive midterm ever, a new tally shows. Last year's spending by candidates, parties, political action committees and outside groups even shot past the $5.3 billion spent during the then-recording breaking 2008 presidential election, according to the analysis by the nonpartisan Center for Responsive Politics, which tracks political spending. To put that eye-popping...

  • US trade deficit fell for first time in 5 months

    The trade deficit fell in November for the first time since President Donald Trump started putting tariffs on Chinese goods. The gap between what Americans imported and exported was down $6.4 billion from $55.7 billion in October, according to data released by the Commerce Department Wednesday. The drop follows five straight months of growth in the trade deficit. The value of American exports fell in November, a shift driven by falling oil prices. But the drop in the value of goods imported was...

  • The US trade deficit tumbled to a 5-month low in November

    The gap between the goods the US exports and imports fell to a five-month low in November. Lower oil prices and tariffs likely contributed to the decline. The politically-sensitive gap with China also narrowed. The monthly US trade deficit narrowed in November after increasing for five straight months, including with China. The overall gap between the number of goods the US imports and exports fell more than 11% to $49.3 billion from a $55.5 billion a month earlier, the Commerce Department...
  • Trump Trade War Helps Push Farmers Into Record Number Of Bankruptcies

    Dairy farmers were counting on China milk buyers before the trade war. "The problem is both nations have stubborn leaders," an industry analyst said.