Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Tuesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks stay volatile at midday
Bangladesh’s stocks stayed mixed trend at midday on Tuesday as investors are active on both sides of the trading session amid ongoing earnings and dividend declaration session.
US threatens to punish Myanmar over treatment of Rohingya
The Trump administration threatened on Monday to take punitive actions against Myanmar unless it pulls back from its violent military campaign against Rohingya Muslims, expressing what it called “our gravest concern” over a crisis that has killed or displaced hundreds of thousands of people.
Bangladesh’s six companies recommend dividend
The board of directors of six more listed companies – ACI, ACI Formulations, Doreen Power, Saihma Cotton, HR Textiles and GPH Ispat – have recommended dividend for the year ended on June 30 in 2017, according to separate official disclosures on Tuesday.
Nations pledge $345 million to Rohingya response
Nations have pledged $345 million (294 million euros) to care for Myanmar’s Rohingya refugees in Bangladesh, an “encouraging” step in the response to the intensifying crisis, the UN said Monday.
Sensex up 120 points; realty, metal stocks shine
The benchmark BSE Sensex was trading higher by over 100 points and the NSE index Nifty above the 10,200 level due to widening of positions by investors ahead of quarterly earnings from Infosya and a few other bluechip companies amid positive Asian cues.
Indian rupee strengthens to 64.90
The Indian rupee strengthened to 64.90 in the pre-noon trade against the US dollar on persistent selling of the greenback by banks and exporters as the dollar remained weak against other currencies overseas.
Asian shares tread water following softer lead from Wall Street
Asian markets were little changed in Tuesday trade after U.S. stocks lost steam overnight and the dollar edged down from three-month highs.
Gold edges up, but stuck in tight range
Gold inched up on Tuesday on the back of a slightly weaker dollar, but traded in a tight range amid possibilities of an early announcement on the next U.S. Federal Reserve chair.
Oil prices inch up, drop in southern Iraq exports supports
Oil prices inched up on Tuesday, supported by declining exports from southern Iraq.