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 stay down at midday on Monday
Bangladesh’s stocks maintained the downward trend at midday on Monday as cautious investors continued their selling spree on sector-wise stocks.
Simtex, Peninsula Chittagong recommend dividend
Two more listed companies – Simtex Industries and The Peninsula Chittagong have recommended dividend for the year ended on June 30, 2017, according to separate official disclosures on Monday.
West edges towards punishing Myanmar army leaders over Rohingya crisis
The European Union and the United States are considering targeted sanctions against Myanmar military leaders over an offensive that has driven more than 500,000 Rohingya out of the country, officials familiar with the discussions say.
Indian rupee up 6 paisa at 65.32 on fresh dollar selling
The Indian rupee gained 6 paisa to 65.32 against the dollar due to dollar selling by banks and exporters.
GST relief: Sensex up 76 points; consumer durables stocks major gainers
The benchmark BSE Sensex was trading higher by nearly 80 points as the GST Council has offered relief for exporters and SMEs. Bringing significant relief to small and medium businesses and exporters, the GST Council has lowered GST rates for 27 items.
Mainland China markets shine despite lackluster Caixin services PMI
Most Asia markets made gains on Monday as investors in Asia digested the release of China Caixin services PMI.
Gold gains amid renewed North Korea fears
Gold prices climbed to their highest in more than a week on Monday as renewed concerns over North Korea’s nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar.
Oil up on expectation of Saudi production restraint, lower US rig count
Oil prices edged up on Monday, after a 2 percent slide on Friday, on expectations that Saudi Arabia would continue to restrain its output in order to support prices, and as the amount of rigs drilling for new oil in the United States dipped.