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 sink at midday on Thursday
Bangladesh’s stocks continued their plunging trend at midday on Thursday as investors remained on selling spree.
BB relaxes provisioning policy for agro, micro-credits
The central bank of Bangladesh has relaxed its loan provisioning policies further to facilitate agriculture and micro-credits disbursement, officials said.
Dhaka most stressful city in Asia
Bangladesh’s capital Dhaka tops the list of the most stressed cities in Asia whereas Sydney followed by Singapore, Taipei and Osaka are the least stressed cities in Asia, according to the data compiled by the UK-based firm, Zipjet.
Rohingyas continue to pour in
Hundreds of Rohingya Muslims continue to arrive in Bangladesh to escape persecution in Myanmar. In the last 24 hours alone, an estimated five hundred families were recorded to have entered Cox’s Bazar through the sea at Shah Pori’s Dwip, our local correspondent reports.
Indian rupee slumps to fresh six-and-a-half month low of 65.88
The Indian rupee weakened by 16 paisa to a fresh six-and-a-half month low of 65.88 against the dollar that gained clout overseas on talk of a US rate hike and prospects of monetary stimulus pullout. The US Fed’s policy decision and commentary led to foreign fund outflows.
Realty, healthcare stocks push Sensex up 80 points
The Sensex and Nifty were trading marginally higher as traders remained cautious ahead of September month derivatives expiry.
Asian shares mixed despite release of US tax reform plans
Asian indexes were mixed in Thursday trade, after U.S. equities advanced and the greenback rose following the unveiling of a long-awaited tax reform plan stateside.
Gold rises from 1-month lows; palladium at discount to platinum
Gold rose on Thursday after falling to one-month lows on expectations of a rise in U.S. interest rates this year, while platinum fell to a discount against palladium for the first time since 2001 on waning demand for diesel cars.
Oil falls as US data shows mixed picture
Oil prices fell on Thursday, with U.S. crude giving up some of the previous session’s gains that were driven by a surprise fall in inventories, while Brent moved further away from recent 26-month highs.