Bangladesh Taka

Bangladesh Taka is being counting. Photo: BBN

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

Bangladesh Taka remains stable against $US
The exchange rate of Bangladesh Taka (BDT) remained stable against the US currency in evening transactions on Wednesday in inter-bank foreign exchange (forex) market.

Bangladesh’s stocks extended gaining streak for third day
Bangladesh’s stocks extended their gaining streak for the third straight session on Wednesday as optimistic investors continued their buying appetite on some large-cap issues.

Cheque forgery: 3 Sonali Bank officials held in Pirojpur
Three officials of Sonali Bank Ltd were arrested in Pirojpur today in a case filed over cheque forgery.

Income inequality on growth: both positive & negative!
Two recent papers of the International Monetary Fund (IMF) found that the effect of income inequality on economic growth may be either positive or negative.

Sensex ends down 64 points in volatile trade
The domestic benchmark indices ended down on Wednesday. Markets reeled for the second day as the Sensex today logged a fall of 64 points to end at 30,302, with no let—up in selling by foreign investors amid profit— booking at higher levels amid mixed global cues.

Asian markets close mostly higher, OPEC meeting in focus
Asian markets closed mostly higher 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.

Oil prices rise as market awaits extended output cut
Oil prices rose on Wednesday, supported by growing confidence that OPEC and other big producers would agree to keep output restricted for the rest of 2017 and into the first quarter of next year.

Gold steadies above $1,250/oz ahead of Fed minutes
Gold steadied above $1,250 an ounce on Wednesday, taking a breather after the previous day’s fall as investors awaited minutes of the Federal Reserve’s latest meeting for clues on the outlook for U.S. interest rates.
Top 5 things to know in the market on Wednesday
Here are the top five things you need to know in financial markets on Wednesday, May 24.
BBN/SS/ANS