covid-19 impact
Gold sales in India hit an all-time low
Gold prices hitting record highs after soaring around 30% this year, there is little incentive for customers to splash out on jewellery
Oil prices struggle to hold five-month high amid growing demand fears
Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery
BMW records first loss since 2009 as pandemic hits sales
The company reported an operating loss of 666 million euros, compared with an operating profit of 2.1 billion euros in 2019
US expected to report record-breaking economic fall
A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June quarter
78% Indian consumers cut spending amid COVID-19 crisis: KPMG
Consumers in tier-III cities were 1.4 times more inclined towards spending on apparel than tier-I cities, it said
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