Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Monday midday in Bangladesh.

Bangladesh’s stocks turn negative at midday

Bangladesh’s stocks failed to sustin the early hour’s upbeat trend at midday on Monday as the risk-averse investors went on selling spree.

Bangladesh Taka depreciates two paisa against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum two paisa against the US currency in early hour transactions on Monday in inter-bank foreign exchange (forex) market.

Singer BD recommends 70pc cash dividend
Singer Bangladesh has recommended 70 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Monday.

Sensex trading flat; bank, auto stocks skid
The Sensex and Nifty were trading flat owing to lack of directioanal cues from global markets.

Indian Rupee gains 17 paisa in early trade
Continuing its uptrend, the Indian rupee firmed up by another 17 paisa to 66.65 against the US dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Gold prices gain slightly in Asia

Gold prices rose slightly in Asia on Monday with the Fed squarely in focus and remarks to the US Congress by President Donald Trump due Tuesday seen as key to the central bank’s views.

Crude oil prices drift higher in Asia

Crude oil price gained mildly in Asia on Monday with the market looking ahead to an update on February crude output as early as this week and new demand figures later in the month from the International Energy Agency.

Asian markets trades lower
Asian markets traded lower on Monday, with Sterling tumbling about 0.4 per cent to the dollar, while companies continued to report quarterly earnings at February nearly draws to a close.
BBN/SK/AD