Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Monday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
Bangladesh’s stocks break four-day gaining streak
Bangladesh’s stocks slipped into the red on Monday, snapping a four-day gaining streak, as investors preferred to book quick-gain on their investment over the recent price surge.
Bangladesh, Vietnam sign 3 MoUs
Bangladesh and Vietnam have signed three MoUs (Memorandum of Understanding) to promote bilateral cooperation in the areas of fisheries and livestock, industries and cultural exchange.
Private Hajj package to cost minimum Tk 332,868
A private Hajj package will cost at least Tk 332,868 this year, up by 13,518 from Tk 319,350 last year.
Kuwait imposes ban on recruiting Bangladeshi workers again
Kuwait has reinstated a ban on recruiting Bangladeshi workers following reports of some irregularities in recruitment and involvement in illegal activities.
Sensex plummets 300 points; Tata Motors nosedives 5%
The Sensex ended lower by 300.16 points or 0.88 per cent at 33,746.78 and the Nifty closed down by 99.5 points or 0.95 per cent at 10,358.85 due to fears over global trade war amid political uncertainty in Italy.
Indian rupee strengthens to 64.82
The Indian rupee strengthened by 35 paisa to 64.82 as the greenback came under pressure after US President Donald Trump’s comments raised concerns of a global trade war.
Asia markets close lower as China kicks off Congress meeting
Markets in Asia closed lower on Monday as Chinese leaders headed into an annual parliament meeting while in Italy, exit poll projections indicated that no party is emerging with a clear majority in Sunday’s election.
Gold gains amid concerns over trade war, Italy elections
Gold touched a near one-week high on Monday as investors opted for safe-haven assets on political uncertainty in Italy and fears of a potential escalation of a simmering global trade war.
Oil prices capped at $65 as US shale output gathers pace
Oil prices edged higher towards $65 per barrel on Monday but predictions of a major spike in U.S. oil output in the next five years capped the market’s gains.
Top 5 things to know in the market on Monday
Here are the top five things you need to know in financial markets on Monday, March 5.