Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Call money rates move up, BDT/US$ remains stable
The upward trend of inter-bank call rates continued while the exchange rate of local currency against the US dollar remained stable in early hour transactions on Thursday.
Bangladesh’s stocks edge higher at midday
Bangladesh’s stocks gained marginally during midday trade on Thursday, recovering some points lost in previous sessions.
Sensex trading flat; GAIL, Coal India stocks plunge
The Sensex and Nifty were trading marginally lower as Asian shares fell, hit by soft US economic data, a relatively hawkish Fed and a media report that US President Donald Trump is being investigated by a special counsel for possible obstruction of justice.
Indian rupee strengthens to 64.25 on sustained dollar selling
Extending its uptrend for the third day, the Indian rupee appreciated by another 5 paisa to 64.25 against the US dollar in early trade amid a higher opening of domestic equities.
Asian markets turn cautious after Fed raises interest rates
Asian equities turned cautious on Thursday after the U.S. Federal Reserve raised interest rates for the second time this year, as was widely expected by markets.
Gold gains as stocks fall after report of Trump probe
Gold edged up early on Thursday from a near three-week low hit in the previous session, as Asian stocks fell on a report that U.S. President Donald Trump is being investigated for possible obstruction of justice.
Oil prices struggle on doubts OPEC can rein in oversupply
Oil prices wallowed near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC’s ability to implement production cuts.