Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Monday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks turn negative at midday
Bangladesh’s stocks turned negative at midday on Monday as cautious investors started to book profit on quick-gaining stocks.
Ex-BASIC Bank chairman Bacchu at ACC for interrogation over scam cases
Former BASIC Bank chairman Sheikh Abdul Hye Bacchu reached the Anti-Corruption Commission (ACC) headquarters this morning for interrogation in scam cases.
Indian rupee trading weak at 64.49
The Indian rupee was trading down by 3 paisa at 64.49 against the US currency at the interbank foreign exchange market today as the dollar gained strengthened against other currencies overseas after the US Senate had last week passed the tax reform bill.
Sensex up 93 points; Biocon rallies 14.2%, Infosys climbs 3.5%
The benchmark BSE Sensex was trading higher by over 100 points and the Nifty50 above the 10,100 mark on value-buying by domestic investors in recently beaten down stocks amid firm global cues.
Asia trades mixed, Dow futures spike 220 points
Asia markets traded mixed late Monday morning, while US futures rose, as investors digested news that the US Senate narrowly passed an important tax bill in the early hours of Saturday.
Gold dips as dollar shines after US Senate clears tax bill
Gold prices fell in Asian trade on Monday, as the dollar gained on expectations that the United States’ economy will expand further after the Senate passed a bill to overhaul the country’s tax system.
Oil prices fall after US drillers add rigs
Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their highest since mid-2015, supported by an extension of output cuts agreed last week by OPEC and other producers.