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.
Dhaka suddenly postpones joint feasibility talks
A prescheduled meeting regarding a joint feasibility study on signing a bilateral free-trade area (FTA) deal between Bangladesh and China stands postponed again following reluctance of high-ups in Dhaka, sources said.
Lowest ever 2.6 degrees recorded in Tetulia
Bangladesh recorded its lowest ever temperature in history at 2.6 degrees in Tetulia, Panchagarh under the influence of a severe cold wave prevailing through the northern districts.
Sensex soars to life-time high of 34,375; Sun Pharma gains nearly 3%
The S&P BSE Sensex soared to a life-time high of 34,374.85 and the Nifty50 hit 10,622.05 for the first time ever as pre-budget cheer and optimism over corporate results offset lowered growth forecasts, with the sentiment also boosted by broader Asian markets that advanced towards historic levels.
Indian rupee strengthens to 63.26
The Indian rupee strengthened by 11 paisa to 63.26 against the US dollar in the opening trade due to selling of the greenback by exporters and banks amid gains in domestic equities which scaled record highs.
Asian stocks trade mixed following firm US lead
Asian shares were mixed on Monday, following the strong lead from Wall Street in the last session. With few data releases expected during the session, many investors awaited earnings releases from regional corporates later in the week.
Gold prices firm amid higher US rate hike environment
Gold prices held steady on early Monday, below 3-1/2-month highs hit last week, amid expectations of more U.S. interest rate hikes this year.
Oil prices edge up on lower US rig count, but below recent highs
Oil prices firmed on Monday on the back of a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below near three-year highs reached last week.