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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 turn negative at midday
Bangladesh’s stocks failed to stay in positive trend at midday on Tuesday as cautious investors began to sell shares on sector-wise stocks.
Dhaka North City Corporation by-polls Feb 26
By-polls to Dhaka North City Corporation that fell vacant after death of former mayor Annisul Huq will be held on February 26, the Election Commission announced today.
Winter gives a break, temp rises all over
Bangladesh is witnessing a respite from the severe cold wave that has been persisting for the past few days and plunged mercury to a 50-year low yesterday. Met Office says the cold wave is lifting gradually and the temperature all across the country rose by 1-2 degrees Celsius, with forecast that it would get warmer in coming days.
Indian rupee rebounds to 63.45 on fresh dollar selling
The rupee recouped by 6 paisa to 63.45 against the US dollar in early trade on fresh selling of the American currency by exporters and banks amid gains in domestic equities.
Sensex up 70 points; Coal India spurts nearly 8%
The S&P BSE Sensex hit a fresh record high of 34,487.52, while the Nifty50 touched a life-time high of 10,659.15 due to continuous foreign fund inflows and raising of bets by investors amid optimism over third quarterly earnings and the upcoming budget.
Asian stocks extend gains as inter-Korea talks begin
Asian markets clung to gains on Tuesday after a somewhat quiet session on Wall Street. Investors in the region also digested earnings guidance from tech heavyweight Samsung Electronics and kept an eye on ongoing inter-Korea talks.
Gold prices dip on outlook for US rate hikes
Gold prices inched down early on Tuesday as the dollar held steady amid expectations of more U.S. interest rate hikes this year.
US oil prices hit highest since 2015, but doubts loom over rally
U.S. oil prices hit their highest since 2015 again on Tuesday as speculators bet on further price rises amid OPEC-led production cuts and a dip in American drilling activity.
BBN/SSK/AD