Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Thursday midday in Bangladesh.
US raises benchmark interest rate by 0.25%
The US Federal Reserve has raised its benchmark interest rate by 0.25 per cent for only the third time in a decade.
Bangladesh’s stocks turn flat at midday
Bangladesh’s stocks failed to sustain the early hour’s upward trend at midday on Thursday as the investors were active both sides of the trading fence.
Bangladesh Taka depreciates two paisa more against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum two paisa more against the US currency in early hour transactions on Thursday in inter-bank foreign exchange (forex) market.
Crude oil holds gains in Asia
Crude oil prices held overnight gain into Asia on Thursday as investors mulled assurances on OPEC compliance with an output cut and noted a surprise draw in US inventories.
Gold gains in Asia
Gold prices gained in Asia on Thursday, shrugging off a Fed rate hike and language that suggested at least two more ahead this year as investors looked ahead to the Bank of Japan’s latest policy review.
Sensex jumps 153 points
The Indian benchmark BSE Sensex was trading higher by over 150 points as the Federal Reserve, as expected, raised the benchmark interest rate by a quarter percentage point, but gave a more dovish outlook for future hikes.
Indian Rupee rises another 47 paisa against US dollar
The Indian rupee rose by another 47 paisa to hit a new 16-month high at 65.22 against the dollar on Thursday morning at the Interbank Foreign Exchange on sustained foreign fund inflows and increased selling of the US currency by exporters and banks.
Asian markets trades mostly higher
Shares in Asia were mostly positive on Thursday, following Wall Street’s higher close after the Federal Reserve raised rates but kept a dovish stance.
BBN/SK/AD