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.
City Bank to invest worth BDT 1.30b in the subsidiary
The board of directors of Bangladesh’s City Bank has decided to invest in share capital worth BDT 1.30 billion in City Brokerage, a subsidiary of the bank.
Bangladesh’s stocks stay in upbeat note at midday
Bangladesh’s stocks stayed in the upbeat note at midday on Thursday as investors remained active on sector-wise stocks.
Sensex up 122 points on value buying
The BSE Sensex rebounded over 150 points in opening trade on Thursday on value-buying in select bluechip stocks, recovery in rupee and fall in global crude oil prices, but pared some gains on mixed Asian trend.
Indian rupee slips 15 paisa to trade at 71.90
The Indian rupee on Thursday recovered from its all-time low by rising 9 paisa to 71.66 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters and banks.
Asia markets down in afternoon on continued emerging market worries
Asia’s stock indexes were largely down in afternoon trade on Thursday, following a sell-off in tech stocks overnight on Wall Street.
Gold rises on dollar weakness, physical demand
Gold rose on Thursday for a second straight session as the dollar remained weak, making the metal cheaper for buyers in other currencies, also supported by good physical demand in Asia.
Oil dips on emerging market woes, but Iran sanctions support
Oil prices dipped on Thursday as emerging market woes weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese goods.