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.
IMF forecasts 7.1pc economic growth for Bangladesh in 2019
The growth domestic product (GDP) of Bangladesh is expected to grow by 7.1 per cent in 2019, according to the International Monetary Fund (IMF).
Bangladesh’s stocks end higher for second day
Bangladesh’s stocks ended marginally higher on Tuesday, extending the gaining streak for the second day in a row, as some investors continued their buying appetite on sector-wise sectors.
Bangladesh ‘least committed’ to cut rich-poor gap: Oxfam
Bangladesh is one of the least committed countries in the world to reduce the growing income disparity, according to a report released by Oxfam International on Tuesday.
Sensex tumbles 175 points, Tata Motors stock skids 13%
Benchmark indices were choppy on Tuesday as investors turned cautious amid mixed global cues. The benchmark BSE Sensex opened 150 points higher on buying by domestic institutional investors (DIIs) and rupee recovery. It, however, pared gains and lost 174.90 points to close at 34,299.47. Similarly, NSE Nifty too turned choppy and ended 47 points lower at 10,301.05.
Indian rupee hits all-time low of 74.35 as Brent touches $84/barrel
The Indian rupee erased its morning gains to hit a new record low of 74.35 against the US dollar in the afternoon trade as Brent crude breached the $84 a barrel-mark again.
Chinese markets see partial recovery after Monday’s sell off
Asia markets were broadly lower on Thursday. Chinese markets, however, made a partial recovery after declines in the previous session that followed the country’s central bank cutting the reserve requirement for banks over the weekend.
Gold inches up on safe-haven demand amid China worries
Gold prices edged higher on Tuesday drawing some safe-haven bids from risk-averse investors as Asian stocks fell amid worries over a potential slowdown in China’s economic growth and as the dollar eased against the yen.
Oil prices rise as Iranian crude exports fall
Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico due to Hurricane Michael.
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, October 9.