Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Tuesday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
Bangladesh’s stocks snap 7-day losing streak
Bangladesh’s stocks backed to higher on Tuesday, snapping the seven-day losing streak, as investors showed their buying appetite on large-cap stocks.
HC stays NBR step on freezing Robi’s bank account
The High Court today stayed the National Board of Revenue’s directive of freezing the bank accounts of Robi Axiata Ltd.
National Justice Coordination Committee gets shape to ensure justice
Law Ministry has formed a body in association with UNDP predominantly to ensure justice to the justice-seekers through quick disposal of cases.
Sensex ends lower by 99 points; GDP, IIP data eyed
The benchmark BSE Sensex ended the session down by nearly 100 points as traders adopted a cautious approach ahead of key macroeconomic data. The government is scheduled to release the December quarter GDP growth numbers as well as IIP data on Wednesday.
Indian rupee weakens to 64.96 on heavy dollar demand
The Indian rupee depreciated by 17 paisa to 64.96 against the US dollar due to increased demand for the US currency from importers amid sustained foreign fund outflows. However, a weak dollar overseas helped the rupee limit its losses, dealers said.
Nikkei advances 236 points as advance in Asian stocks pauses
Asian markets closed mixed on Tuesday, with several indexes giving up early gains as mainland China stocks finished the day in negative territory. Meanwhile, the dollar slipped ahead of a congressional testimony from the new Federal Reserve chair.
Gold holds ground ahead of testimony by Fed’s Powell
Gold prices held their ground on Tuesday as nervous investors awaited testimony from the new chair of the U.S. central bank, but an analyst warned bullion was vulnerable to profit taking.
Oil eases as possible rise in US stocks outweighs faith in OPEC
Oil edged lower on Tuesday ahead of weekly data that is forecast to show a rise in U.S. crude inventories, although investor faith in OPEC’s ability to curtail production helped stem a larger price slide.
Top 5 things to know in the market on Tuesday
Here are the top five things you need to know in financial markets on Tuesday, February 27: