The Traderszone Network

The dollar backed off ¥124 in Asian trading as investors took some profits after a high-profile rally this week.
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With next week’s OPEC meeting in sight, crude rises, but the week has delivered losses for the commodity.
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Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

There are many things going on in the Greece vs Institutions+Germany negotiations, and many more on the fringe of the talks, with opinions being vented left and right, not least of all in the media, often driven more by a particular agenda than by facts or know-how.

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A documentary film looking at the human, social and environmental cost behind the clothes we wear is attempting to do for fashion what consumers’ growing appetite for organic and natural food has done to the food industry.
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Asian shares rose on Friday as Chinese shares edged back from the previous day’s dizzying plunge, though regional investors remained fearful that the world’s best performing equity market was at the beginning of a major correction. Buoyed by China, Australia (.AXJO) and South Korea

The deal price could be as much as $54 a share, a 15 percent premium over Altera’s Thursday closing price of $46.97, the New York Post reported, citing a source close to the situation. Intel signed a standstill agreement earlier this year with Altera that expires on June 1, giving the world’s largest chipmaker the option to launch a hostile bid after that, Reuters reported in April, citing sources. Altera in April rejected an unsolicited $54 per share offer from Intel following months of negotiations, the sources told Reuters.

The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly. The government is …