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Thursday’s midday business round up of Bangladesh

Last updated: February 2, 2017

Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Thursday midday in Bangladesh.

Bangladesh’s stocks plunge at midday
Bangladesh’s stocks plunged at mid-day on Thursday, maintaining the early hour’s downturn as investors remained selling spree.

BDT depreciates two paisa against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by two paisa against the US currency in early hour transactions on Thursday in inter-bank foreign exchange (forex) market.

Gold prices gain in Asia on Iran tension, Trump tweets, copper eyed
Gold prices rose on Thursday in Asia with tensions between Iran and the US, over a ballistic missile test by Tehran this week and even the tenor of President Donald Trump’s phone calls with world leaders and attention turns to the possibility of a strike in Chile at a key copper mine.

Indian Rupee ticks up 5 paisa as US dollar selling continues
Looking good for the seventh session, the Indian rupee advanced another 5 paisa to 67.42 against the US dollar in early trade Thursday as there was no let—up in selling of the American currency by exporters and banks.

Crude on edge in Asia as tensions rise over Iran missile test
Crude prices traded weaker in Asia Thursday as investors kept an eye on tensions between Iran and the US over a ballastic missile test this week by Tehran after overnight gains on growing evidence of compliance with coordinated cuts to global oil production of 1.8 million barrels per day for the first six months of the year by OPEC and non-OPEC nations.

US Dollar down in Asia on Iran tensions, Aussie gains on trade
The dollar fell in Asia on Thursday with sentiment mixed as tensions between Iran and the US over a ballistic missile test this week by Tehran sparked geopolitical risk worries while the Aussie gained on solid trade data.

Sensex up 24 points
After yesterday’s strong momentum, powered by the Budget proposals, the benchmark BSE Sensex was trading flat in morning trading today due to a rush to take profit amid weak Asia cues.

China oil trader’s contributes to shake-up in global supply flows
Crude purchases in one corner of the oil market by a Chinese trader are contributing to the shake-up of supply flows across the globe.
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