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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Sunday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks stay positive at midday on Monday
Bangladesh’s stocks stayed in the positive trend at midday on Monday as some investors remained active on sector specific stocks amid optimism.
Bangladesh Taka depreciates two paisa against US dollar
The exchange rate of Bangladesh Taka (BDT) depreciated maximum two paisa against the US dollar in the inter-bank foreign exchange market in early hour transactions on Monday.
Bangladesh’s Standard Insurance promoted to “A” category
Bangladesh’s Standard Insurance company is promoted to “A” category from existing “Z” category with effect from Tuesday.
Bangladesh’s call money rate moves up slightly
The weighted average rate on call money moved up slightly on Sunday while the volume of transactions in the market increased significantly, market operators said.
Three borrowers control the fate of 23 banks in Bangladesh
Industry insiders said that focusing on big lenders had damaged the reserves of banks after numerous instances of loan defaults. More than half the banks in the country are at risk of becoming bankrupt after losing their capital reserves to high risk big loans.
Indian rupee weakens by 14 paisa to 63.72 on fresh dollar demand
The Indian rupee weakened 14 paisa to 63.72 against the US dollar in early trade at the Interbank Foreign Exchange market today due to fresh demand for the American currency from banks and importers.
Sensex trading flat; Tata Steel jumps over 3%
The Sensex and Nifty were trading flat due to profit-booking by funds and retail investors due to concerns over valuations.
Asia trades higher as investors remain upbeat about the better-than-expected US jobs report
Asia markets closed mostly higher on Monday, with investors' risk sentiment likely improving from Friday's better-than-expected U.S. jobs number as they await to hear Pyongyang's response to U.N. sanctions over the weekend.
Gold steady as dollar holds gains made after U.S. jobs data
Gold held steady near two-week lows on Monday, with the dollar remaining supported by expectations of monetary tightening in the United States following stronger-than-expected jobs data last week.
Oil holds near 9-week highs on jobs data, fall in U.S. drill rigs
Oil prices edged lower on Monday but still held near nine-week highs, supported by robust U.S. jobs data last week and a slight fall in the U.S. drill rig count, even as rising output from OPEC capped crude markets.
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