Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks witness positive trend at midday
Bangladesh’s stocks witnessed positive trend at midday on Wednesday as some optimistic investors showed buying spree on sectors specific stocks.
Call money rate moves up, BDT/US$ remains stable
The call money rate moved up slightly in early hour transactions on Wednesday while the US dollar remained also stable against the local currency in the inter-bank market.
Paramount Textile to form consortium for power plants
The board of directors of Paramount Textile has decided to form a consortium named Paramount-Aggretech Energy Consortium for establishing a 100 MW power plant in Sirajganj.
Indian rupee rebounds by 13 paisa to 64.53
Indian rupee recovered 13 paisa to 64.53 against the US dollar in early trade at the Interbank Foreign Exchange market today on fresh selling of the American currency by banks and exporters.
Sensex trading flat, metal stocks lose shine
The Sensex and Nifty were trading flat after hitting fresh life-time highs in early trade.
Asian markets mixed, China PMI slightly higher
Stocks in Asia were mixed on Wednesday and the British pound fell on new poll results that showed U.K. Prime Minister Theresa May’s Conservative Party could potentially lose its majority in parliament.
Oil falls as rising Libyan, US output undermines cuts
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market.
Gold set for first monthly drop since Dec as Fed rate hike likely
Gold fell for a third day on Wednesday, set for its first monthly drop since December, as U.S. economic data boosted the case for an interest rate hike by the Federal Reserve next month.