Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Thursday midday in Bangladesh.
Bangladesh’s stocks maintain upturn at midday
Bangladesh’s stocks kept the early hour’s upbeat trend at midday on Thursday as the optimistic investors continued their buying spree.
Bangladesh Taka remains stable against US dollar
The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained almost stable in early hour transactions on Thursday.
Shepherd Industries shines on trade debut
Share prices of Shepherd Industries soared 431 per cent or BDT 43.10 each on the premier bourse on Wednesday, the debut trading day of the newly listed company.
Dollar gains after China CPI, focus on Fed
The dollar gained in Asia on Thursday after inflation data from China came in lower than expected with the focus on a near solid expectation the Fed will hike rates next week with US jobs data at the end of the week still key.
Crude oil rebounds in Asia
Crude oil prices rebounded in Asia on Thursday after a sharp plung overnight on growing US inventories, but holding above the $50 a barrel level not seen since the end of November after a coordinated pact by OPEC and major non-OPEC producers to curb oil was put in place.
Gold prices hold weaker in Asia
Gold held weaker in Asia on Thursday on soft consumer prices in China and with expectations hardening for a rate hike by the Fed this month, but geopolitical risks on the Korean peninsula and the Middle east keeping the safe-haven precious metal supported.
Sensex trading flat
The Sensex and Nifty were trading flat as investors remained wary ahead of exit poll results Thursday.
Indian Rupee weakens to 66.83 as US dollar remains firm
The Indian rupee weakened by 12 paisa to 66.83 at the Interbank Foreign Exchange market Thursday as the US dollar remained in the driver’s seat on the growing buzz that the US interest rate is set to go up.
Asian equities were mixed
Asian equities were a mixed picture, as traders digest China's February inflation data and track crude oil prices.
BBN/SK/AD