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

Bangladesh’s stocks stay down at midday
Bangladesh’s stocks stayed downward trend at midday on Wednesday as cautious investors remained on selling mood on sectors specific stocks.

Bangladesh’s Pubali Bank to issue bond
The board of directors of Pubali Bank Ltd has decided to issue 7 years’ subordinated bond worth BDT 5.0 billion, said an official disclosure on Wednesday.

Indian rupee recovers on fresh dollar selling
The Indian rupee recovered by 8 paisa to 64.55 against the dollar on fresh selling of the US currency amid a strong domestic equity market.

Crude prices weaker in Asia after API estimates
Crude prices held weaker in Asia on Wednesday after industry estimates of U.S. crude inventories showed a less-than-expected dip, raising renewed concerns over bulling shale oil output.

Asia markets decline with resources under pressure
Asia markets declined on Wednesday, tracking Wall Street’s negative close overnight, with resources and financial shares losing ground.

BBN/SS/ANS