Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Tuesday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
Bangladesh Taka depreciates 50 paisa in a single day
The Bangladesh Taka (BDT) depreciated 50 paisa in a single day Tuesday against the US dollar due to higher demand of the greenback in the inter-bank foreign exchange market.
BASIC Bank ex-chair Bacchu skips ACC interrogation again
Former BASIC Bank chairman Sheikh Abdul Hye Bacchu again skipped today’s interrogation by the Anti-Corruption Commission (ACC) over loan scams amounting to Tk 4,500 crore between 2010 and 2013.
Bangladesh’s stocks end lower for 10 straight days
Bangladesh’s stocks extended the losing streak for ten straight sessions on Tuesday, as investors lingered their selling spree on sector-wise issues ahead of Ramadan.
Trade deficit crosses $13b in July-March
Country’s merchandise trade gap with the rest of the world crossed $13 billion in the first nine months of the current fiscal year.
Sensex slumps over 400 points from intraday high of 35,993
The Sensex slumped by 437 points from intraday high of 35,993.53 after the main Opposition Congress party said it would form an alliance with the Janata Dal (Secular) party to rival Prime Minister Narendra Modi’s Bharatiya Janata Party in the Karnataka Assembly elections.
Indian rupee slumps to 68.13
The Indian rupee plunged by 62 paise to a fresh 16-month low of 68.13against the dollar due to strengthening of the dollar against other currencies overseas.
China markets notch gains as Asia closes mostly lower; oil steady
Slight gains seen during the U.S. session failed to translate into an advance in Asian stocks on Tuesday, with major markets in the region finishing the day in negative territory.
Gold dips as dollar firms, yields rise
Gold dipped on Tuesday, heading for a third straight day of losses as a rise in U.S. borrowing costs supported the dollar and overshadowed the impact of strife in Gaza.
Oil hits new multi-year high on tight supply, planned Iran sanctions
Oil prices hit a 3½-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely to restrict crude oil exports from one of the biggest producers in the Middle East.
Top 5 things to know in the market on Tuesday
Here are the top five things you need to know in financial markets on Tuesday, May 15.