Photo: Investing.com
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 fail to stay positive at midday
Bangladesh’s stocks failed to stay in the positive note at midday on Thursday as cautious investors went on selling binge on sector-wise stocks.
BD Autocars recommends 15pc dividend
The board of directors of Bangladesh Autocars Ltd has recommended 3.0 percent cash and 12 percent stock dividend for the year ended on June 30 in 2018.
Sensex down 69 points; YES Bank slumps over 6%
The Sensex was trading down 68.65 points or 0.19 per cent at 36,473.63 and the Nifty down 33.75 points or 0.31 per cent at 11,020.05 as investors remained cautious ahead of September month F&O expiry later today.
Indian rupee strengthens by 22 paisa to 72.38
The Indian rupee strengthened by another 22 paisa to 72.38 against the dollar as the government has raised the import duties on select items to check the rupee fall.
Asia markets down after Fed Chair Powell spurs Wall Street declines
Asia markets were largely negative on Thursday afternoon, on the back of U.S. Federal Reserve Chairman Jerome Powell's comments on inflation after the central bank decided to increase interest rates.
Gold rises on bargain hunting, limited dollar gain on US rate hike
Gold prices rose on Thursday as investors looked for bargains after the metal fell to a two-week low in the previous session following a U.S. interest rate hike and as limited gains in the dollar after the decision supported demand for the metal.
Oil prices rise 1 percent ahead of US sanctions against Iran
Oil prices rose by 1 percent on Thursday as investors focused on the prospect of tighter markets due to U.S. sanctions against major crude exporter Iran, which are set to be implemented in November.
BBN/SSK/AD