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 Bank sells $15m more to three banks
The central bank of Bangladesh has sold US$15 million more to three commercial banks to meet the growing demand for the greenback in the market.
Cold wave likely to linger for 2 more days
The prevailing cold wave sweeping through Bangladesh is likely to stay for two more days before another phase arrives somewhere in the middle of this month. Met Office forecast says, the severe cold wave up north has stifled into a mild to moderate cold wave and that a severe cold wave is sweeping through Jessore-Kushtia region.
Indian rupee recovers by 5 paisa to 63.66 on mild dollar selling
The Indian rupee recovered by 5 paisa to 63.66 against the dollar in early trade on mild selling of the US currency by exporters amid a higher opening in the domestic equity market.
Sensex edges down 40 points; Asian Paints, YES Bank major losers
The S&P BSE Sensex retreated from new life-time high of 34,565.63 due to selling pressure in consumer durables and bank stocks amid a firm trend in global markets. However, realty, infrastructure, power and oil & gas stocks remained investors’ favourite.
Most major Asian markets trade lower, but Hong Kong shines
Major Asian markets traded mostly lower on Wednesday despite a solid lead from Wall Street overnight, but Hong Kong stocks bucked the trend.
Gold inches down on strong equities, higher US Treasury yields
Gold prices edged lower for a second session early on Wednesday, as a rally in equities and a surge in U.S. treasury yields dented bullion’s safe-haven appeal.
Oil prices hit highest since 2014, but analysts warn of overheated market
Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating.