Bangladesh, Dhaka (BBN) – Bangladesh Business News prepares Tuesday’s evening business round up compiling reports, published by different newspapers and news portals.
HSBC Bangladesh ranks top in Euromoney Cash Management Survey 2020
The Hongkong and Shanghai Banking Corporation Limited (HSBC) has been voted the ‘Market Leader in Bangladesh’ for the ninth consecutive year. It also becomes the ‘Best for Service in Bangladesh’ for the third time in a row in Euromoney Cash Management Survey 2020, said a press release on Wednesday.
DSE daily turnover exceeds Tk 12b-mark
Stocks rebounded strongly on Wednesday, with a turnover crossing Tk 12 billion-mark on the major bourse after four-month, as bargain hunters put fresh stakes on stocks amid optimism. DSEX, the prime index of the DSE, went up by 34.80 points or 0.68 per cent to settle at 5,133, after losing more than 16 points in the previous day. The Chittagong Stock Exchange (CSE) also ended higher with its All Shares Price Index (CASPI) – soaring 90 points to close at 14,744 while the Selective Categories Index – CSCX rising 57 points to close at 8,890.
WHO chief scientist warns against Covid complacency
The world must remain vigilant for the next six months, while the coronavirus vaccine is rolled out as it will take time before most of the population receive their vaccinations, the World Health Organization’s chief scientist told CNBC. “We are going to approach the beginning of the end, we can see the light at the end of the tunnel,” said Dr. Soumya Swaminathan said on Wednesday. “However, there’s still a tunnel we have to go through, and the next few months are going to be very critical.”
Indian rupee settles 8 paisa higher at 73.76 against US dollar
The Indian rupee snapped its two-day losing streak to settle higher by eight paisa at 73.76 (provisional) against the US dollar on Wednesday, tracking strong domestic equities and sustained foreign fund inflows. At the interbank forex market, the Indian local unit opened at 73.89 against the greenback and witnessed an intra-day high of 73.73 and a low of 73.90.
Asia-Pacific stocks higher
Stocks in Asia-Pacific were higher on Wednesday following new remarks from U.S. President Donald Trump surrounding the new Covid-19 relief package. Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.76% to 3,382.32 while the Shenzhen component advanced 0.956% to 14,015.02. Hong Kong’s Hang Seng index gained about 0.7%, as of its final hour of trading.
Oil steadies as surprise U.S. stockbuild weighs
Oil steadied on Wednesday after earlier losses sparked by an unexpected rise in U.S. crude oil inventories, and as President Donald Trump rattled markets by threatening not to sign a long-awaited U.S. COVID-19 relief bill.
Gold and silver prices fall for second day in a row
Gold and silver prices edged lower in Indian markets today. On MCX, gold futures edged 0.06% lower to ₹50,050 per 10 gram. The yellow metal declined for the third time in the last four days. Silver fell 0.08% to ₹66,820 per kg.