Thursday’s midday business round up of Bangladesh

Last updated: October 25, 2018

File 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 First Security Islami Bank to issue BDT 7.0b bond
The board of directors of First Security Islami Bank of Bangladesh has decided to issue fully redeemable non-convertible “Mudaraba Subordinated Bond”.

Bangladesh ranks 39 in global brand value
Bangladesh has ranked 39 in a global brand value index, a report says.

Bangladesh’s eight more companies recommend dividend
Eight more listed companies of Bangladesh recommended dividend up to 28 percent for the year ended on June 30, 2018, according to separate official disclosures on Thursday.

Genocide still taking place in Myanmar, UN investigator says
Genocide is still taking place against Rohingya Muslims remaining in Myanmar and the government is increasingly demonstrating it has no interest in establishing a fully functioning democracy, UN investigators said Wednesday.

Bangladesh’s stocks turn positive at midday Thursday
Bangladesh’s stocks turned in the positive trend at midday on Thursday as some investors are active on sector-wise stocks.

Global meltdown hits Indian equities; Sensex down 386 points
Tracking the global meltdown in equities, the domestic market turned weak today and continued to hang on in the negative terrain during the mid-session. After plunging over 450 points initially, the BSE Sensex was seen at 33,647.56, down 386.40 points or 1.05%.

Indian rupee falls against US dollar in early trade
The Indian rupee dropped by 20 paisa to 73.36 against the US dollar in early trade (at 9.40 a.m.) on Thursday amid unabated foreign fund outflows.

Yen strengthens as investors shun risk, euro attempts a comeback
The Japanese yen rose against the dollar on Thursday as a rout on Wall Street and weak European and U.S. economic data dented global risk sentiment, sending investors scurrying to safe-haven assets including government bonds.

Asia markets tumble following Wall Street sell-off
Stocks in Asia mostly tumbled on Thursday following a plunge on Wall Street overnight.

Gold climbs toward three-month peak as equity rout sparks safe-haven rush
Gold prices rose on Thursday towards a more than three-month high hit earlier this week, as a selloff in global equities triggered safe-haven bids for the metal amid rising political and economic uncertainties.

Oil prices fall one percent amid global stock market slump
Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with U.S. stocks posting the biggest daily decline since 2011 to wipe out the year's gains.
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