midday business round up

Trading inside Dhaka Stock Exchange building continues in Motijheel, the commercial hub of Bangladesh. BBN file photo

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

Bangladesh’s stocks stay down at midday
Bangladesh’s stocks stayed negative at midday on Wednesday as risk-averse investors continued their selling spree on sector specific stocks.

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

US dollar index edges up in Asia
The yen gained slightly in early Asia on Wednesday as data on machinery orders provided a lift in sentiment and demand was supported by safe-haven buying linked to increased tensions on the Korean peninsula with Chinese President Xi Jinping holding a telephone call with US President Donald Trump over the issue.

Crude oil prices rebounds in Asia
Crude oil prices rebounded from early weakness on Wednesday in Asia after a surprise draw reported in an industry estimate of US crude oil inventories and reports that Saudi Arabia favors an extension of a coordinated pact to trim global oil production.

Gold holds gains in Asia on Korean peninsula risks
Gold prices stayed at highs reached last year in November in Asian trade on Wednesday as geopolitical risk on the Korean peninsula escalated with tweets by President Donald Trump warning North Korea the US would “solve the problem” of repeated missile and nuclear tests by the reclusive regime if its ally China failed to act first.

Sensex drops 182 points
The benchmark BSE Sensex plunged nearly 200 points as geo-political tug-of-war over West Asia and the Korean Peninsula weighed on the domestic sentiment.

Indian rupee weakens to 64.61 on fresh US dollar demand
The Indian rupee shed 11 paisa to 64.61 against the US dollar in early trade due to fresh demand for the American currency from banks and importers.

Asian markets mostly lower, Nikkei down 1.2pc
Asian markets were mostly lower on Wednesday, as tensions continue to ratchet up on the Korean Peninsula following a warning from North Korea of a nuclear attack on the US.
BBN/SK/AD