Overseas Headlines – December 13, 2021

United States:

U.S. Harbor Truckers Say West Coast Port Congestion Is Worsening

“Gauging whether the logjams at the U.S.’s busiest gateway for trade are improving or not depends on who you ask. Port of Los Angeles Executive Director Gene Seroka on Friday said the number of aging containers sitting on the docks awaiting collection had dropped 60% since the port announced it plans to charge ocean carriers penalties on Oct. 25.”



U.K. Housing Loses Momentum With Second Drop in Asking Prices

“Asking prices for homes on sale in the U.K. fell for a second month in December, indicating the property market lost momentum at the end of a strong year. The price of property coming to the market fell by 0.7% this month, Rightmove said Monday. That’s the biggest decline since January and followed a 0.6% drop in November.”



China Seen Adding Fiscal Stimulus After Setting 2022 Targets

“Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and stabilizing the economy. Curbs on the property industry are expected to remain, while there could be fewer regulatory surprises compared with sudden moves in 2021 to rein in sectors from technology to education and entertainment, the economists said.”




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