Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
Bangladesh Taka remains stable against $US since Monday
The exchange rate of Bangladesh Taka (BDT) remained stable against the US currency since last Monday in inter-bank foreign exchange (forex) market.
Bangladesh’s stocks close slightly higher after see-saw movement
Bangladesh’s stocks closed slightly higher on Thursday after witnessing volatility throughout the session as investors were active both sides of trading fence.
IFAD Autos rules DSE turnover chart for 2nd week
IFAD Autos, a unit of IFAD Group, dominated the Dhaka bourse’s transaction chart for the second straight week that ended on Thursday, while top 10 traded companies captured 31 percent of total turnover.
GDP’s 3.41pc comes from financial intermediations
Financial intermediations services are estimated to contribute 3.41 per cent of the country’s Gross Domestic Product (GDP) in the ongoing fiscal year (FY17).
ICCB’s 22nd annual meet calls to boost private investment
The 22nd annual council of the International Chamber of Commerce, Bangladesh (ICCB), held today in Dhaka, called for boosting the private investment to spur higher economic growth of the country.
Indian rupee gains 12 paisa to 64.61 against dollar
Strengthening for the second day today, the Indian rupee gained 12 paisa to 64.61 against the dollar.
Sensex hits new record high of 30,774; Nifty tops 9,500
Stock indices smashed previous records as the Sensex today raced to close at a fresh life high of 30,750 zooming 448 points, its biggest single-day gain in over two months, after the US Fed signalled a more cautious approach to future rate hikes.
Asian markets close higher after Fed minutes
Asian markets closed higher on Thursday after U.S. Federal Reserve May meeting minutes indicated an unwinding of its balance sheet likely towards year-end and as investors look ahead to an OPEC gathering widely expected to extend output cuts.
Gold rises after Fed minutes signal gradual rate hikes
Gold prices were higher in European trade on Thursday, staying near the strongest level in around three weeks as the U.S. dollar slipped after the Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion balance sheet.
Oil swings sharply after OPEC indication
Oil prices swung into negative territory in European trading on Thursday, after being up more than 1% earlier after Saudi Arabia’s energy minister indicated that OPEC will extend its current output-cut deal for a further nine months.
Top 5 things to know in the market on Thursday
Here are the top five things you need to know in financial markets on Thursday, May 25.