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 remain downturn at midday
Bangladesh’s stocks remained in the downward trend at midday on Wednesday as cautious investors were on selling mood ahead of year-closing.
Nahee Aluminum to make debut on DSE Sunday
Bangladesh’s Nahee Aluminum Composite Panel is set to make its share trading debut on December 24 on the country’s key bourse under “N” category, officials said.
Indian rupee down 3 paisa after hitting fresh 3-month high in early trade
The Indian rupee hit a fresh three-month high of 64 against the dollar in early trade as the greenback remained weak other currencies overseas. The US currency lost muscle even as the Republican tax cut package moved closer to becoming a law.
Sensex, Nifty trading flat after hitting fresh record high
The Sensex and the were trading flat after hitting a fresh record high in early trade due to profit-booking by funds and retail investors.
Asia markets trade mixed on US tax plan progress
Asian stocks were subdued in Wednesday trade, tracking the mixed performance on Wall Street overnight. The calendar of scheduled economic data for the region is relatively light, and investors will likely keep an eye on an expected Senate vote on a U.S. tax bill.
Gold prices edge up in quiet trade
Gold prices inched higher in quiet trade on Wednesday as the dollar held steady on expectations the U.S. government would pass the country’s biggest tax overhaul in 30 years.
Oil edges up on N.Sea pipeline outage, expectation of lower US crude stocks
Oil prices inched up on Wednesday, supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North Sea Forties pipeline system.