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.
Republic Insurance recommends 12.50pc dividend
Republic Insurance Company recommended 12.50 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Tuesday.
Govt turns banking sector into an orphan: CPD
Private think-tank Centre for Policy Dialogue (CPD) has termed the country’s banking sector as an ‘orphan’ due to continual abuse of the government.
6 ex-officials of Oriental Bank jailed in graft case
Five former officials of Oriental Bank Limited were jailed for 68 years while another for 34 years in four corruption cases. Shah Mohammad Harun, former senior vice president of the bank; Abul Kashem Mahmudulla, ex-senior assistant vice president; Md Fazlur Rahman, ex-assistant vice president; Mahmud Hossain, ex-senior assistant vice president; and Quamrul Islam, ex-executive vice president were jailed for 68 years.
Bangladesh’s stocks slip into the red at closing
Bangladesh’s stocks slipped into the red on Tuesday, after a single-session break, as risk-averse investors went on late hours selling spree.
Sensex logs longest winning run in over 3 years
The benchmark BSE index posted its longest winning run since early September 2014, after closing higher by 89.63 points or 0.26 per cent at 34,395.06.
Rupee weakens to 65.58 on fresh dollar demand
The rupee weakened to 65.58 on fresh dollar demand from importers. According to forex dealers, a weak dollar against other currencies overseas capped the rupee’s losses.
Asia markets drift lower as investors digest China data
Asian markets closed mostly lower on Tuesday as investors digested the release of a raft of China data, including expectation-topping first-quarter GDP growth. The dollar also eased further while oil prices pared some overnight losses.
Gold prices steady on weaker US dollar, trade tension support
Gold prices were steady on Tuesday as the U.S. dollar remained on the back foot, with the metal supported by festering worries over U.S.-China trade tensions.
Oil prices rise amid risk of supply disruptions
Oil prices rose on Tuesday amid worries there could be a high risk of disruptions to supply, especially in the Middle East.
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, April 17.