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’s stocks stay positive for third day
Bangladesh’s stocks extended the gaining streak for the third consecutive sessions on Wednesday as some optimistic investors continued their buying appetite on sector specific shares.
Bangladesh inks deal with Cambodia to buy 1m tonnes of rice
Bangladesh signed an agreement with Cambodia on Wednesday to purchase 1 million tonnes of rice within the next five years, officials said.
Depreciating mode of Bangladesh Taka continues against US$
The depreciating mode of Bangladesh Taka (BDT) continued against the US dollar following higher demand for the greenback in the inter-bank foreign exchange market Wednesday evening.
Indian rupee strengthens to 63.70
The Indian rupee strengthened to 63.70 as the Reserve Bank of India, in its third bi-monthly monetary policy statement, has cut repo rate by 25 basis points to 6 per cent. It has also cut the reverse repo rate by 0.25 per cent to 5.75 per cent.
Rate cut fails to enthuse markets; Sensex ends down by 98 points
The Sensex and Nifty ended lower after hitting record highs earlier in the day as the 25 bps repo rate cut announced by the RBI in its bi-monthly monetary policy statement failed to enthuse investor sentiment.
Asian shares close mixed; Tech shares bounce after Apple earnings beat forecasts
Asia markets closed mixed on Wednesday, with technology shares gaining after Apple earnings and as investors digested Asia corporate results.
Bearish cocktail knocks oil prices off recent highs
Oil retreated from this week’s eight-week highs above $52 a barrel on Wednesday, following a bearish combination of rising U.S. inventories, an outage at a major European refinery and increasing OPEC production.
Gold prices pull back from 7-week highs, eyes on U.S. data
Gold prices moved lower on Wednesday, pulling away from the previous session’s seven-week highs as investors locked in profits and as the U.S. dollar stabilized ahead of a highly-anticipated report on U.S. employment due later in the day.
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, August 2.