Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Monday midday in Bangladesh.

Bangladesh’s stocks return to red at midday
Bangladesh’s stocks failed to keep the early hour’s positive trend at midday on Monday as the risk-averse investors started to book quick-profit on sector specific issues.

Bangladesh Taka depreciates two paisa against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum two paisa against the US currency in early hour transactions on Monday in inter-bank foreign exchange (forex) market.

Pubali bank recommends 13pc dividend
Pubali Bank has recommended 5.0 per cent cash and 8.0 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Sunday.

Crude oil quoted higher in early asia with opec, iea reports eyed
US crude prices were quoted higher in early Asia on Monday with the market poised for a busy week of central bank policy reviews and reports from the Organization of Petroleum Exporting Counties and the International Energy Agency on global supply and demand levels.

Gold gains in asia with central bank meeting eyed
Gold prices rose in Asia on Monday with key central bank meetings to dominate sentiment during the week.

HSBC appoints aia boss as new chairman
HSBC has appointed Mark Tucker, the current chief executive of Asian insurer AIA, as group chairman.

BSE to phase out weekly and monthly price bands for stocks
To align the periodic price band mechanism with the new graded surveillance measures (GSM) framework, the BSE has decided to do away with weekly and monthly price limits for securities listed on its platform.

Asian markets trades open mixed
Asian markets were mixed on Monday, as traders eyed a potential rate hike by the Federal Reserve this week.
BBN/SK/AD