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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Tuesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh Taka remains stable against greenback
The Bangladesh Taka (BDT) remained stable against the US dollar in the inter-bank foreign exchange market in early hour transactions on Tuesday.
Bangladesh’s stocks stay upturn at midday on Tuesday
Bangladesh’s stocks stayed upward at midday on Tuesday as optimistic investors continued their buying spree on sector specific stocks.
No more ‘crude’ palm oil: Malaysia
Plans are underway to rebrand palm oil, according to a Malaysian minister.There are plans to do away with the term “crude” to describe palm oil and the prized commodity will instead be promoted as a Malaysian premier brand, said Mah Siew Keong.
Rice price unlikely to drop despite import from Vietnam
Rice traders have warned of continued high prices of the staple food, saying fresh imports from Vietnam will have little effect “any time soon” as they will not be distributed for Open Market Sale to the general public.
Sensex plummets 244 points; FMCG index tanks on hike in cigarette cess
The benchmark BSE Sensex was trading down by nearly 250 points in the pre-noon session due to heavy selling in FMCG, oil & gas, consumer durables and metal stocks amid a weak trend in global markets. However, buying in IT, TECk, healthcare and auto stocks helped trim the Sensex losses.
Indian rupee edges up by 3 paisa to 64.32 on increased dollar selling
The Indian rupee firmed up by three paisa to 64.32 against the dollar on increased selling of the American currency by exporters and banks amid higher inflow of foreign funds.
Asian markets pressured as dollar tumbles on US health-care news
Market sentiment in Asia was dampened on Tuesday as the dollar dived on headlines related to stalled efforts to reform U.S. health care.
Gold at 2-week high as cloudy US rate hike outlook drags on dollar
Gold prices rose to a two-week high on Tuesday as the dollar dipped to multi-month lows amid fading prospects of further rate hikes by the U.S. Federal Reserve this year and doubts whether President Donald Trump would be able to push through healthcare reforms.
Oil prices stable as strong demand meets ongoing supply glut
Oil prices were stable on Tuesday, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States.
BBN/SSK/AD