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 rebound after two days
Bangladesh’s stocks ended higher on Monday, snapping a two-day losing streak, as some investors were on buying shares, particularly bank issues.
Americans Nordhaus, Romer win Nobel Economics Prize
Americans William Nordhaus and Paul Romer won the 2018 Nobel Economics Prize for work in integrating climate change and technological innovation into economic analysis, the Royal Swedish Academy of Sciences said today.
Sensex ends 97 points higher in volatile trade; Nifty up by 31 points
At 4 p.m, the rupee was quoted lower at 74.01 on Monday on strong dollar demand amidst strengthening of the US dollar against other major currencies.
Indian rupee trading weak at 74.01
The Indian rupee weakened to 74.10 due to strengthening of dollar against other currencies overseas and unabated foreign fund outflows. According to forex dealers, the dollar’s strength against major global currencies weighed on the rupee sentiment.
China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders
On Monday, the Shanghai market posted its worst daily performance in months on Monday after the central bank cut the reserve requirement for banks over the weekend.
Gold slips as dollar gains after China eases policy
Gold fell on Monday as the dollar firmed after China’s central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth.
Oil drops as US considers granting some countries waivers on Iran sanctions
Oil prices fell on Monday after Washington said it may grant waivers to sanctions against Iran’s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran.
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, October 8.