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 Lamps recommends 20pc cash dividend
The board of directors of Bangladesh Lamps Ltd has recommended 20 percent cash dividend for the year ended on 30 June in 2018.
Bangladesh’s stocks fail to stay positive at midday
Bangladesh’s stocks failed to stay in the positive trend at midday on Thursday as some investors went on selling binge on sector-wise stocks.
Sensex crashes 855 points as rupee sinks to new low of 73.81
The Sensex crashed 754.96 points to intraday low of 35,220.67 against Wednesday’s close of 35,975.63 and the Nifty dropped 233.4 points to 10,624.85 against 10,858.25 as the Indian rupee collapsed to a new low of 73.81.
Indian rupee collapses to fresh low of 73.81
The Indian rupee collapsed to a fresh low of 73.81 as the dollar reached a 11-month high against the yen and stood tall against other peers on upbeat US data and comments from Federal Reserve Chairman Jerome Powell that were seen as hawkish.
Asia markets broadly slip after muted Wall Street moves overnight
Asia markets largely changed course and were mostly lower on Thursday morning following a muted performance on Wall Street overnight.
Gold edges down as dollar firms on hawkish Fed, robust US data
Gold prices inched down on Thursday, after upbeat U.S. economic data and hawkish comments from Federal Reserve policymakers raised prospects of the central bank sticking to its tighter monetary policy, boosting the dollar.
Oil falls as Saudi and Russia quietly agree to output rise, US stocks swell
Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output.
BBN/SSK/AD
