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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.

 

 

 

 

Bangladesh’s stocks stay positive at midday
Bangladesh’s stocks stayed in the positive trend at midday on Wednesday as investors continued their buying appetite on sector specific stocks amid optimism.

Downpour downs Dhaka
Torrential rainfall of monsoon continued for the fourth consecutive day today and battered Bangladesh, including Dhaka, throwing life out of gear.

Bangladesh’s first single-point mooring project gets delayed
The China Petroleum Pipeline Bureau (CPPB) is yet to arrange funds to install a single-point mooring (SPM) at Sonadia island and two 220km-long pipelines to connect the SPM with Chittagong’s Eastern Refinery Limited (ERL).

Rainfall likely to continue
Most of Bangladesh will likely see more rainfall in the coming 24 hours as the monsoon is active over the country, the Met Office says.

Sensex up 86 points; Tata Steel, M&M stocks shine
The benchmark BSE index Sensex was trading higher by nearly 90 points due to covering up of pending short positions by speculators ahead of the July derivatives contract expiry tomorrow.

Indian rupee weakens by 5 paisa to 64.43 on increased dollar demand
The Indian rupee fell 5 paisa to 64.43 against the US dollar in early trade due to increased demand for the American currency from importers.

Asia markets mixed as oil extends gains; Fed awaited
Stocks in Asia were mixed on Wednesday as oil prices extended gains and the dollar was treading water ahead of the end of the Federal Open Market Committee’s two-day meeting.

Gold steady as investors await US Fed policy statement
Gold prices were steady on Wednesday as investors awaited a statement from the Federal Reserve for clues on the outlook for the U.S. central bank’s monetary policy.

Oil prices firm on optimism over declining stocks
Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing.
BBN/SSK/AD