Bangladesh’s banks’ excess liquidity decreases slightly

Bangladesh Taka. BBN file photo

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

Bangladesh Taka depreciates seven paisa more against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum seven paisa more against the US currency in early hour transactions on Wednesday in inter-bank foreign exchange (forex) market.

BSC to converts share face value to BDT 10
Bangladesh shipping Corporation (BSC) has informed that it will converted face value to BDT 10 from existing BDT 100 as “Bangladesh Shipping Corporation Act-2017” has been passed in the National Parliament of Bangladesh, said an official disclosure on Wednesday.

Textile sector attracts $530m FDI in last fiscal
Bangladesh’ textile and wearing apparel sector attracted some $529.89 million net Foreign Direct Investment (FDI) in the last calendar year.

Bangladesh’s seven companies recommend dividend  
Seven more listed companies of Bangladesh, including a bank, have recommended dividend ranging between 10 percent and 500 percent, according to separate official disclosures.

LankaBangla revises rights share offer proposal
The board of directors of LankaBangla Finance has revised its earlier decision regarding issuance of rights share offer, said an official disclosure on Wednesday.

Bangladesh’s stocks stay positive at midday
Bangladesh’s stocks stayed positive amid volatility at midday on Wednesday as investors were active both sides of trading fence.

Equities in Asia close higher on back of solid US earnings; dollar/yen gains, Trump tax plans eyed
Asian indexes traded higher on Wednesday, following the rise in U.S. indexes overnight on the back of strong earnings announcements and on expectations for U.S. President Donald Trump’s impending tax reforms.

Gold slips to 2-week low on improved risk appetite; equities rally
Gold fell to a two-week low on Wednesday as investor appetite for riskier assets surged on renewed optimism over the U.S. economy and as political uncertainty in France receded, softening demand for safe-haven assets.

Oil falls on bulging US crude inventories, record global supplies
Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC’s ability to cut supplies and tighten the market.

Sensex scales new high of 30,146.54; Nifty holds above 9,350
The Sensex scaled a new all-time high on Wednesday on strong global cues, strengthening of rupee to 63.93, healthy corporate earnings and FII inflows into the market. Easing geopolitical tensions too pushed stocks higher.

Indian rupee hits 20-month high of 63.93 on sustained dollar selling
The Indian rupee strengthened to as much as 63.93 per dollar, its highest since August 2015, compared to its previous close of 64.2650 on sustained dollar selling by banks and exporters.
BBN/SA/AD