Thursday’s evening business round up of Bangladesh

Last updated: May 17, 2018

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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 depreciates 10 paisa against dollar
The Bangladesh Taka (BDT) depreciated 10 paisa against the US dollar on Thursday due to higher demand of the greenback in the inter-bank foreign exchange market.

MCCI for all-out effort to mobilise investment
The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has stressed the need for increasing the level of investment in the country.

Bangladesh’s stocks witness sharp decline at closing
Bangladesh’s stocks witnessed a sharp decline on Thursday, with prime index of Dhaka Stock Exchange (DSE) dipping to one year lowest level, amid persistent selling spree for the 12 sessions.

Parliament fails to play basic role, TIB says
The parliament has failed to play its basic role in the areas of governance, corruption and accountability, Transparency International Bangladesh (TIB) has said.

Sensex plunges 239 points; ITC, Bharti Airtel drop over 2%
The Sensex ended lower by 239 at 35,149 and the Nifty down 58 points at 10,682.70 as doubts over whether the BJP will prove majority in Karnataka dented investor sentiment.

Indian rupee ends strong by 12 paise at 67.68
The Indian rupee firmed up by 22 paise to 67.58 against the US dollar on increased dollar selling by banks and exporters amid the greenback’s weakness against some currencies overseas.

Asian shares close mixed as US yields edge higher; trade talks in focus
Asian stocks closed narrowly mixed on Thursday as the yield on the U.S. 10-year Treasury stayed above 3 percent. Investors also kept an eye on the second round of U.S.-China trade talks.

Gold dips as dollar holds near 2018 peak
Gold slid back towards its low for the year on Thursday as another rise in U.S. bond yields and concerns over political risk in Italy held the dollar index near its 2018 peak.

Oil hits $80 a barrel on concerns about Iran supply
Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns Iranian exports could fall, reducing supply in an already tightening market.

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 17.
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