India Gold Imports Dip After Brief Rebound as Prices Curb Demand

Gold imports had risen in July and August as jewelers readied stocks ahead of festivals.

Photographer: Sanjay Kanojia/AFP via Getty Images

Gold imports by India slumped in September after a short-lived rebound as high prices prompted buyers to defer purchases.

Inbound shipments into the world’s second-biggest bullion consumer fell 38% in September from a year earlier to 8.4 tons, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Imports were down from 35.5 tons in August. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to a call to his mobile phone.

Weak Appetite

India’s gold imports dip again in September

Source: India’s Finance Ministry Official

Imports had risen in July and August as jewelers readied stocks ahead of festivals. But demand has cooled as buyers hold off on purchases in a bet that prices

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Smartphone sales to dip 20%

Mr Chanon, centre, promotes three new Oppo models of 5G-enabled smartphones.
Mr Chanon, centre, promotes three new Oppo models of 5G-enabled smartphones.

Thailand’s smartphone market is expected to decline 20% this year as the pandemic takes a toll on customer sentiment and 5G-enabled smartphone adoption, says Chinese smartphone maker Oppo.

5G-compatible handsets are expected to gain momentum by the first quarter next year, driven by devices priced lower than 10,000 baht, affordable 5G data packages and users’ demand for a rich experience.

Korean smartphone giant Samsung last month rolled out Galaxy S20 FE5G with a base price of 23,900 baht for its flagship S20 model. Apple is expected to unveil a 5G-compatible iPhone 12 this month.

“Smartphones have seen less impact from the pandemic than other sectors,” said Chanon Jirayukul, senior executive vice-president of Oppo Thailand.

“The smartphone market is likely to see a drop of 20% in 2020 from 14 million units in 2019, assuming there is not a second

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RealSelf names new CEO as cosmetic procedure review business bounces back after pandemic dip

RealSelf CEO James Coyle. (RealSelf Photos)

RealSelf has a new CEO as the Seattle-based startup sees renewed interest in its cosmetic review platform.

The company promoted James Coyle to CEO. Coyle was chief operating officer since 2019, when he joined RealSelf after stints at Varsity Tutors, Sears, Amazon, Microsoft, and Siemens Healthcare.

RealSelf founder and former CEO Tom Seery is staying onboard as executive chairman.

“We will continue to work closely together shaping the business strategy and investments we’re making for the next phase of growth,” Seery told GeekWire.

Founded in 2006, RealSelf operates a Yelp-like marketplace business that helps people learn more about cosmetic procedures including botox, Invisalign, breast implants, and more. The company has millions of reviews and 20,000 registered doctors on its platform.

RealSelf cut staff in April due to the pandemic as most elective medical procedures were put on hold due to stay-at-home orders and medical

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Dow soars 359 points as investors buy the dip in tech stocks


  • Major US stock indexes climbed on Friday, driven by a surge in technology stocks.
  • Still, Friday’s increase wasn’t enough to lift them into positive territory for the week. Both the S&P 500 and Dow Jones industrial average notched their fourth straight weekly decline.
  • Equities have come under pressure in recent week as investors monitor rising COVID-19 cases overseas and in the US.
  • Putting additional pressure on stocks is Congress’ likely inability to pass another round of fiscal stimulus before the November election.
  • Watch major indexes update live here.

Stocks climbed on Friday, driven by the same sector that’s led markets lower over the past month: technology. Investors bought the dip and pushed major indexes firmly into positive territory after tepid trading in the morning hours.

Still, Friday’s gains weren’t enough to salvage a positive week. The S&P 500 and Dow Jones industrial average both notched

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