Los Angeles, CA -- (SBWIRE) -- 04/09/2012 -- The current strong gains in hiring makes the Federal Reserve policymakers worried that it could buzz if the economic growth of the US doesn't go up.

According to the Fed's minutes on Tuesday, members were first stated their concerns before they make a plan to keep interest rates at record lows until at least late year 2014. However, some of the members want to take further procedures to improve the economy current status if a condition gets worse or inflation remains reclaimed.

After the meeting, Fed presented the somewhat current view of the economy mainly because of the three consecutive months of hiring in two years. It was concluded that there have been similar raptures of hiring in the previous two years which ended up fading.

On the speech echoed by the Fed Chairman Ben Bernanke last week in the economists gathering, the decline of the economy recovery was the main concern of Fed as it did last year.

Americans aren't receiving meaningful pay augmentation. Gas prices are high. Additionally, Europe's debt crisis could reflect on the U.S economy. Provided that the inflation will remain on its current position, analysts think that the Fed will likely give interest rates down in order for them to give the economy an additional support. Most of the economists don't think that Fed officials will alter their interest-rate policy at their following meeting on April 24-25 and will only relieve credits if the economy gradually moves from its current status.

The economy outlook is going up. Employers added an average of 245,000 jobs a month from December through February. On the other side, the rate of unemployed dropped nearly to 8.3%. The government will report Friday on the job market in March. Most of the economists supposed that the report will give a better month of job creation with a net gain of 210,000 jobs. They also expect that the unemployment rate will remain at 8.3%.

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For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Los Angeles, CA -- (SBWIRE) -- 04/09/2012 -- More Chinese investment in New Zealand farms and infrastructure will be targeted by the Government.

Prime Minister John Key today released a strategy to double trade with the Asian super power by 2015, saying it is critical for the country's financial wellbeing.

Opening Our Doors to China has taken over a year to develop and comes as public anger grows over farm land sales to foreigners, particularly the Crafar farms bought by a Chinese company.

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The idea of Chinese investors taking over the Crafar farms has not sat well with many and the Green Party says the farms were sacrificed for the sake of a stronger relationship with China.

But Key is eager to develop the relationship with Beijing, believing New Zealand can be prosperous on the back of "probably the fastest growing economy in the world".

"They're our second largest market…by 2020 they're likely to be the largest economy in the world," said Key.

Remarkable benefits

The New Zealand – China strategy is designed to double two-way trade with the People's Republic to $20 billions by 2015. It aims to increase the number of Chinese students in NZ, assist NZ food, beverage and agribusiness exporters and target Chinese investment in infrastructure and farmland.

The strategy would mean more sales like the Crafar farms which the Greens say was approved to facilitate the broader strategy of the China/New Zealand trade and other arrangements.

Co-leader Russel Norman accepts the relationship is important but is quick to point out New Zealanders can't buy land in China.

Key says the long term benefits are remarkable and he believes the Government has got the balance around ownership "about right".

Key said the strategy sets out "ambitious" medium term goals and provides a clear direction for a co-ordinated Government effort over a five year period.

It has a strong trade focus but also looks at building political and diplomatic ties through a set of five goals that specify action such as developing more high-quality science and technology collaborations.

Two-way trade with China was up 22% last year.

Investment encouraged

The Government also says in the strategy that Chinese investment in New Zealand is tiny compared to Australia and needs to grow "to levels that reflect the growing commercial relationship with China," for continued engagement with the world's fastest-growing superpower.

Investment into China by New Zealand firms is also minuscule, at $541 million, compared with $36 billion of Australian investments in China, partly because of New Zealand's wider track record of exporting commodities for others to process rather than investing in its own high-value production.

Part of the problem, the strategy says, is that "Chinese investors are unaware of New Zealand opportunities", with resources to improve two-way understanding of commercial opportunities to be beefed up by, among other moves, establishment of a high-level New Zealand China Council.

The relatively small size of investment opportunities in New Zealand was also a factor in limited Chinese inward investment, as well as the strict controls that apply to Chinese companies seeking to invest outside the Chinese mainland.

New Zealand firms' inexperience of Chinese markets was a major reason there was not more investment flowing from this country into China.

While China invested approximately US$60 billion globally in 2010/11, Chinese-owned assets in New Zealand amount to only NZ$1.87 billion in total, compared with $100 billion invested by China in Australia.

What China wants

Before Key's speech, PwC Partner Colum Rice told TV ONE's Breakfast that the business community will be looking for a "positive statement" from the Government.

"Bill English has made statements about encouraging trade but this will be where the rubber hits the road and we'll see what they have come up with," he said.

Rice says the release of an official strategy will be the proof that the Government is strongly committed to a bigger relationship with China, despite the worries of some Kiwis.

China is already New Zealand's number two trading partner but Rice says there has been much less work done on the investment side.

Rice, who deals with Chinese business people looking to invest, says assuming Chinese only want dairy farms is wrong because they are looking for good opportunities across a broad range of sectors.

He encourages New Zealand businesses to embrace the opportunities of dealing with China and says the current relationships established are only scratching the surface of what the FTA can offer.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Olympic Blvd, Los Angeles -- (SBWIRE) -- 04/09/2012 -- Britain is once again suffering a recession and unemployment risks coming close into three million this year as forecasted by the leading economic forecaster. The UK's economic recovery is 'paralyzed' by Europe's debt crisis, the Ernst & Young Item club will warn, as it cut its GDP growth forecast from 1.5 per cent to 0.2 per cent. According to Eldridge Financial Blog, the dire prediction comes after nine European countries including France, have had their credit ratings downgraded on Friday, dropping world stock markets into turmoil.
 
Economists had hoped that exports and business investment would strengthen the economy this year, with public and consumerspending still in the doldrums. Nevertheless, Europe accounts for more than 40 percent of British trade and business confidence has been roughly hit by insecurity about the future of the Continent and the single currency. On Eldridge Financial Blog in the Sunday Telegraph quoted Professor Peter Spencer, chief economist at the Item Club, as saying: 'Figures for the last quarter of 2011 and the first quarter of this year are likely to show that we are back in recession, and we are going to have to wait until summer before there are signs of improvement. Although he said the double dip was unlikely to be prolonged, he warned that unemployment was nevertheless likely to hit three million by early next year. Figures set for release on Wednesday are expected to show the jobless figures continued to rise in the three months up until the end of November. Professor Spencer admitted that the Item Club's predictions were based on positive assumptions about European policymakers' ability to keep the euro zone from falling apart. The longer the uncertainty continues, the more debilitating the impact will be on the UK's economic prospects, he added. The European Commission vice-president for economic affairs, Olli Rehn, yesterday attacked the decision by Standard & Poor's to cut down the credit ratings of so many European countries.

The downgrades were 'inconsistent', claiming that the euro zone was taking 'decisive action' over the economic crisis.

About Eldridge Financial Blog
Find investment ideas, stock quotes, charts, business news, market research and learning a lot of things financially!!! Geared towards the young professional seeking investment ideas and personal financial advice. Never invest into a stock discussed on this web site unless you can afford to lose your entire investment

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm