Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s evening business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Bangladesh’s stocks extend gaining streak for second day
Bangladesh’s stocks extended gaining streak for the two consecutive sessions on Wednesday as optimistic investors continued their buying spree on some large-cap stocks.
Depreciating mode of Bangladesh Taka continues at closing
The depreciating mode of Bangladesh Taka (BDT) against the US dollar continued following higher demand for the greenback in the inter-bank foreign exchange market on Wednesday.
Sensex ends at record high of 30,133; Nifty closes at 9,352
The Sensex and Nifty ended at record closing highs buoyed by healthy corporate earnings and positive global cues.
Indian Rupee trading strong at 64.10
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.
Gold ticks higher, but more losses expected
Gold recovered from a two-week low on Wednesday as speculators locked in some profit from recent losses, but some analysts expect further weakness due to easing political risks.
Oil price slips on bulging US crude stocks, ample global supplies
Oil prices weakened further on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt over OPEC’s ability to cut output and tighten the market.
Asian stocks rise on Wall St lead, hopes for Trump tax bonanza
Risk appetite endured in Asia Wednesday. Stock markets were lifted by a strong Wall Street lead and hopes for some concrete business friendly tax policy plans from US President Donald Trump. Reports out of the US suggest that the President could unveil large cuts to both corporate income tax levels and to the levy on repatriated offshore earnings.