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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
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.
Bangladesh’s stocks keep upturn at midday on Thursday
Bangladesh’s stocks witnessed positive trend at midday on Thursday, the budget declaration day, as the optimistic investors continued their buying spree on large-cap stocks.
Indian rupee up 8 paisa at 64.43 on dollar selling
Indian rupee firmed up by another 8 paisa to 64.43 against the US dollar on increased selling of the American currency by exporters and banks even as India’s economic growth slowed to 7.1 per cent in 2016-17.
Sensex trading flat on weak macroeconomic data
The Sensex and Nifty were trading flat as participants trimmed their positions, triggered by lower GDP numbers and core industries growth.
Asia mostly lower following softer lead from Wall Street
Stocks in Asia were mostly lower on Thursday following a slightly lower close on Wall Street in the last session and the release of Caixin PMI data from China, which was at an 11-month low.
Dollar languishes near 6-1/2 month lows, pound falters
The dollar languished near a recent 6-1/2 month low against a basket of major currencies on Thursday, while sterling slipped after a poll showed a slimmer lead for Prime Minister Theresa May's ruling party before next week's election.
Gold holds near five-week highs, but potential US rate hike drags
Gold held steady on Thursday after hitting a five-week high in the previous session on geopolitical tensions, but expectations the U.S. Federal Reserve will hike interest rates next month weighed on prices.
Oil futures climb 1% after US stockpile draw
Oil futures rose on Thursday after slumping to a three-week low the previous session, buoyed by an industry report that showed U.S. crude stockpiles had fallen more than expected.
BBN/SSK/AD