Copper price slipped below $2.40/lb (1lb=453.59265gm), a key support level, and was trading at $2.3260. With the $2.4 level becoming the key resistance level, the copper price needs to break this level to gain upward movement.
Sectors
Valeant partners with AstraZeneca for psoriasis drug
Valeant Pharmaceuticals, Inc. of Canada has partnered with AstraZeneca for the selling rights of psoriasis drug brodalumab. Amgen Inc. ended its partnership with AstraZeneca due to its worries over the drug's side effects.
Google lets Android Wear smartwatches work with iPhones
After launching Android Wear back in March 2014 and seeing how Apple watch sales performed after their release, Google had decided to release an app that will allow their smartwatch that is already in the market to perform a twist. Android Wear will be iOS compatible.
Europe is far behind in its electronic waste recycling target
A study conducted by Interpol and the United Nations said that only 33% of Europe's electronic wastes is correctly recycled. A large number of these electronic wastes include computers, cellphones and televisions that are dumped or traded illegally.
China manufacturing woes continue: PMI index slips below 50 pts
Several measures gauging the manufacturing industry activity are showing discouraging results. The latest manufacturing gauging index slipped below 50, which indicates the deceleration in the manufacturing industry, falling to 49.7 in August.
Latest News
Disney's plans to push Star Wars merchandise with such great force is headed certainly headed to success. Last year, Frozen merchandise sales brought Disney massive success, giving its segment revenue a double-digit growth. But Star Wars merchandise won't be the same as Frozen, because of the demographics.
The crisis-hit European nation Greece is heading towards privatization of its energy sector. The country is also in favor of reforms in several sectors to give a new life to the ailing economy.
In an open letter, T-Mobile chief executive John Legere warns the 3,000 users stealing LTE tethered data that the company will go after them beginning August 31.
The marginal rise in Chinese currency Yuan on Monday is believed to be the extended support by the central bank of the world's second largest economy.
The oil price surged to one-month high at $47.31 a barrel on New York Mercantile Exchange (NYME). Oil futures reached $48.09 indicating its highest since 31 July. The rebound in oil prices was mainly due to two factors.
Two Harvard graduates, through their website, solve the challenge of choosing the right health plan in a labyrinth of health insurance coverage, rules, and companies.
Japan's economy continues to decline. Inflation rate and household spending crawled in July. This is according to data that was released onFriday that will possibly add pressure on the central bank to raise its barrage of monetary stimulus.
Internet of Things (IoT) is poised to become a $7-trillion market over next five years on the most conservative basis and 50 billion new connections during the same period. Some other project the mobile wallet industry will be worth $14.4-trillion market in the near future.
Russia's Mobile TeleSystems (MTS) partnered with Google to improve its mobile internet service. The deal will highlight Google Now voice search, advertising and promoting it on MTS outlets. The voice command app would be pre-installed on Android devices available on MTS retail chains.
