Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s trade in services jumps by 83% in July-March
Country’s trade in services with the rest of the world jumped by 83 per cent during the first nine months of the current fiscal year (FY17). Statistics available with the central bank revealed that value of service trade stood at $9.67 billion in July-March period of the current fiscal year while the amount was $5.28 billion in the same period of the past fiscal year.
Bangladesh Taka depreciates two paisa against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum two paisa more against the US currency in early hour transactions on Thursday in inter-bank foreign exchange (forex) market. The US dollar was quoted at maximum BDT 80.50 against BDT 80.48 of the previous working day till the report was filed at 11:32 am (local time).
Bangladesh’s stocks down at midday on Thursday
Bangladesh’s stocks witnessed downward trend at midday on Thursday as risk-averse investors went on selling binge on specific stocks. Following the previous day’s marginal correction, the key index of the country’s prime bourse fell 2.65 points while the Selective Category Index of port city bourse advanced 30 points within first 15 minutes of trading at 10:45am.
Asian markets mostly in the green following mixed US close, higher oil prices
Most Asian indexes gained in Thursday trade, following a mixed close stateside as investors monitored potential fallout on President Donald Trump’s policies after FBI Director James Comey was fired. Comey was dismissed by Trump yesterday reportedly to increase public trust. The search for Comey’s replacement is underway.
Indian rupee rebounds by 14 paisa against US dollar
The Indian rupee recovered by 14 paisa to 64.49 against the dollar at the Interbank Foreign Exchange market on Thursday on fresh selling of the US currency by exporters amid foreign fund inflows.
Sensex hits new peak of 30,366 at opening
Domestic indices were trading higher amid optimism over Indian Meteorological Department’s prediction of a ‘normal’ monsoon this calendar and a positive trend in global markets.
Oil prices rise on falling US crude stocks, Saudi supply cut to Asia
Oil prices rose on Thursday, and Brent was firmly back over $50 per barrel, as a fall in U.S. fuel inventories and a bigger than expected cut in Saudi supplies to Asia tightened the market.
Gold inches up from 8-week low as dollar weakens
Gold edged up on Thursday to hold just above an eight-week low hit earlier this week, with the U.S. dollar declining against the yen. Spot gold was up 0.2 percent at $1,220.56 per ounce by 0316 GMT. It hit an eight-week low of $1,213.81 on Tuesday.