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 Bank removes Farmers Bank MD
Bangladesh Bank (BB) on Tuesday removed the Farmers Bank’s Managing Director (MD) and Chief Executive Officer (CEO) AKM Shameem on charge of his alleged liquidity crunch and loan disbursement bypassing its embargo.
Bangladesh’s stocks maintain upturn at midday
Bangladesh’s stocks maintained the upward trend at midday on Tuesday as investors remained active on some large-cap stocks ahead of year-closing.
Indian rupee climbs to 64.17 on election results
The Indian rupee opened strong by 7 paisa at 64.17 against the dollar as the dust settled on the political landscape in Gujarat and Himachal Pradesh and the BJP gets ready to form the next government in both states. The BJP returns to power for the sixth straight term in Gujarat and unseats the Congress in Himachal Pradesh.
Sensex up 102 points as Modi steers BJP to a record 6th term in Gujarat
The benchmark BSE Sensex jumped over 140 points and the NSE index Nifty wrested control of the crucial 10,400-mark in early trade as Prime Minister Narendra Modi steered the BJP to a record sixth term in Gujarat, albeit in a tight battle with the Congress, and a relatively more comfortable victory over the Grand Old Party in Himachal Pradesh.
Most Asian stocks gain after Wall Street climbs on US tax optimism
Major Asian indexes were mostly higher on Tuesday after U.S. stocks closed the Monday session at record highs.
Gold holds steady; investors eye passage of US tax bill
Gold was little changed on Tuesday amid a steady dollar, with investors considering the potential impact of a sweeping tax legislation in the United States that Congress appeared all but certain to pass this week.
Oil range-bound as disruptions offset by rising US output
Oil markets edged up on Tuesday as the Forties pipeline outage in the North Sea and voluntary production restraint led by OPEC supported crude, although soaring output in the United States put a cap on gains.