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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 Taka remains stable against US dollar
The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained almost stable in early hour transactions on Wednesday.
Bangladesh’s stocks stay positive at midday
Bangladesh’s stocks stayed positive trend at midday on Wednesday as optimistic investors continued their buying spree on sectors specific stocks.
Bangladesh to gain higher by cost cutting than by tariff elimination in SAARC
Bangladesh’s welfare gain is estimated to be higher by cost reduction and facilitation of trade than by elimination of tariffs under the South Asian Free Trade Area (SAFTA) agreement.
Sensex up 90 points, Nifty regains 9,400 level
The domestic benchmark indices recovered smartly in early trade today on fresh buying by investors amid better-than-expected earnings.
Asian markets mixed after Moody's downgrades China
Major indexes in Asia traded higher on Wednesday after Moody's downgraded China's credit rating, and as investors awaited minutes from the U.S. Federal Reserve and an upcoming OPEC meeting.
Indian rupee pares early gains, down 5 paisa vs dollar
Indian rupee pared its early gains to trade down by 5 paisa at 64.94 against the dollar on emergence of demand for the US currency from importers and banks despite higher local equities.
Gold firm as market awaits Fed policy cues
Gold held steady on Wednesday, after slipping in the previous session, as investors awaited cues on the U.S. Federal Reserve's rate hike stance from the minutes of its last meeting.
Oil prices rise as market expects extended production cut
Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
BBN/SS/ANS