The Traderszone Network

SAN FRANCISCO (AP) — Google’s secretive research laboratory is trying to build a fleet of drones designed to bypass earthbound traffic so packages can be delivered to people more quickly.

We no longer treat working stiffs with respect, writes Brett Arends, so why pretend they’re heroes for one day a year?
read more

There’s an enormous bubble building in global bond markets, warns Chris Martenson.
read more

Hong Kong stocks broke a three-day losing streak on Friday, after swinging between gains and losses as earnings reports came in, and as other regional markets ended mixed.
read more

On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365 million in bonds from his family’s holding company. The “cartas-conforto” – letters of comfort – were written on the letterhead of Banco Espirito Santo, a large lender controlled by the family. “Banco Espirito Santo guarantees … it will provide the necessary funds to allow reimbursement at maturity,” said the letters.

BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation dropped as expected to a fresh five year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate policy intervention. Consumer prices in the 18 countries using the euro rose by just 0.3 percent year-on-year in August, the smallest increase since October 2009, the European Union’s statistics office Eurostat reported.

read more

Euro zone inflation continued to fall in August, boosting expectations that the ECB will try bolster the region’s economy by announcing more stimulus.