Thursday’s midday business round up of Bangladesh

Last updated: May 17, 2018

Photo: Wikimedia

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.

Bangladesh’s stocks witness downturn at midday
Bangladesh’s stocks witnessed downward trend at midday Thursday as most of the investors followed cautious stance amid ongoing quarterly earnings declaration.

In Bangladesh, some 60 babies a day born in Rohingya camps: UN
Around 60 babies a day are being born in vast refugee camps in Bangladesh, sheltering hundreds of thousands of mainly Rohingya Muslims who have fled Myanmar, the United Nations children's agency UNICEF said on Wednesday.

Metal stocks pull Sensex down 95 points; Nifty falls to 10,712
Benchmark indices were trading lower due to selling pressure in metal, banking, oil & gas and IT stocks amid firm Asian cues. The Sensex was trading down by 95.56 points or 0.27 per cent at 35,292.32 and the Nifty down 29.5 points or 0.27 per cent at 10,711.60.

Indian rupee strengthens to 67.58
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 tread water as dollar slips; Tencent jumps 5%
Asian stocks were narrowly mixed on Thursday, shrugging off the firmer close on Wall Street as the yield on the U.S. 10-year Treasury stayed above 3 percent.

Gold prices tick up amid weaker dollar
Gold prices made modest gains on Thursday after touching their lowest level this year in the previous session, amid geopolitical uncertainty and a slightly weaker U.S. dollar.

Oil markets firm as Brent edges ever closer to $80 per barrel on tight market
Oil prices firmed on Thursday, with Brent crude creeping ever closer to $80 per barrel, a level it has not seen since November 2014, as supplies tighten while demand remains strong.
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