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

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

Bangladesh’s stocks fail to stay positive at midday
Bangladesh’s stocks failed stayed positive trend at midday on Thursday as cautious investors went on profit booking mood.

Delta Life Insurance recommends 20pc dividend
Delta Life Insurance Company has recommended 20 percent cash dividend for the year ended on December 31 in 2016, said an official disclosure on Thursday.

ADB president praises Bangladesh for workplace safety efforts
Asian Development Bank (ADB) President Takehiko Nakao has praised Bangladesh for its efforts to improve the workplace safety following Rana Plaza disaster, one of the worst ever industrial accidents in the world.

Indian rupee weakens to 64.24 on dollar demand
The Indian rupee was trading weak by 9 paise at 64.24 against the US dollar in early trade at the forex market today on increased demand for the American currency from importers.

HSBC reports 19 percent fall in profit before tax, but beats estimates
Europe’s largest bank, HSBC Holdings Plc, reported Thursday its first-quarter results of $5 billion for profit before tax, down 19 percent from a year ago.

Most Asia markets lower as Fed sticks to hawkish bent, metal prices eyed
Asian markets were mostly lower on Thursday after the U.S. Federal Reserve ‘stuck to a hawkish bent overnight and as metals prices tumbled.

Sensex jumps 186 points on govt reforms, robust corporate earnings
The BSE benchmark Sensex was trading higher by nearly 190 points and the NSE index Nifty above the 9,350-level buoyed by encouraging corporate earnings and a string of government reforms, including NPA package for banks and national steel policy.

Gold edges up, but holds near 6-week low on hawkish Fed
Gold inched up on Thursday, but held near a six-week low hit in the previous session as expectations that the U.S. Federal Reserve may raise interest rates as early as June boosted the dollar.

Oil eases, near weakest since late March on small US stocks decline
Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories.
BBN/SS/ANS