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.
Generation Next Fashions recommends 10% dividend
The board of directors of Generation Next Fashions Ltd has recommended 10 percent stock dividend for the year ended on June 30, 2018.
IMF cuts world economic growth forecasts to 3.7pc for 2018, 2019
The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows.
Bangladesh’s stocks stay in upbeat trend at midday
Bangladesh’s stocks stayed in the upbeat trend at midday on Tuesday as some investors continued on buying spree on sector-wise stocks.
Sensex, Nifty witness lacklustre movement
The Sensex and Nifty continued to trade in the red in mid-morning trade on Tuesday. The Sensex was trading at 34,401, down 73 points or 0.21 per cent lower, while the Nifty 50 was at 10,315, down 32 points or 0.31 per cent lower. Markets fell mainly due to weakness in Auto, IT and Consumer Goods stocks.
Indian rupee strengthens by 18 paise to 73.88
The Indian rupee strengthened by 18 paise to 73.88 against the US dollar Tuesday on fresh dollar selling of the American currency by banks and exporters.
Chinese markets recover after selling off in previous session
Chinese markets made a recovery on Tuesday afternoon following declines in the previous session, after the country’s central bank cut 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 on signs that Iranian crude exports fall further
Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of U.S. sanctions and as a hurricane moved across the Gulf of Mexico.