The Traderszone Network

The dollar got off to a calm start after economic data led markets to push back expectations for the start of the FED’s rate-tightening cycle.

With China’s Manufacturing PMI at cycle highs and Services PMI comfortably in expansion, everything must be ponies and unicorns among the world’s most mal-invested credit-bubble-fueled populace.

read more

read more

The US should help the Iraqi Kurds oppose the Islamic State, which is overrunning Iraq, says former WH adviser David L. Phillips.

A Chinese auto-parts factory where at least 71 workers were killed in a weekend explosion was known for high levels of dust and excess overtime, according to current and former workers, who describe intense pressure to supply parts for a fast-growing industry.
read more

French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is accepted, analysts said. Iliad, which in recent years has shaken up the French mobile market with cheap subscriber plans, bid $15 billion last week for a 56.6 percent stake in T-Mobile, the No. 4 U.S. mobile operator. It would hit those targets by running T-Mobile, majority owned by Deutsche Telekom AG, in an “Iliad-like” way, sources familiar with the takeover bid told Reuters.

read more

Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank.