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Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Tuesday’s midday in Bangladesh.

Bangladesh Taka depreciates two paisa against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum two paisa against the US currency in early hour transactions on Tuesday in inter-bank foreign exchange (forex) market.

Bangladesh’s stocks stay positive at midday
Bangladesh’s stocks stayed positive trend at midday on Tuesday as optimistic investors continued their buying spree on sector specific large-cap stocks.

NCC Bank recommends 16pc cash dividend
National Credit and Commerce (NCC) Bank Limited has recommended 16 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.

Nitol Insurance recommends 13pc dividend
Nitol Insurance Company has recommended 13 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.

Bangladesh’s Fareast Finance recommends 5pc dividend
Fareast Finance and Investment has recommended 5.0 per cent cash dividend for the year ended on December 31, 2016, said an official disclosure on Tuesday.

US dollar weaker in early Asia despite Yellen views on rates
US dollar fell against the yen in Asia early on Tuesday with remarks from the Fed chief that suggested rate hikes were likely sooner rather than later failing to lift the greenback.

Crude oil in Asia at 5-week highs on risk views, API estimates ahead
Crude oil prices rose to five-week highs in Asia on Tuesday with industry data on US inventories later in the day expected to underpin market views on demand and supply in the world’s top importer.

Gold gains in Asia with Yellen, geopolitical risks in focus
Gold drifted higher in Asia on Tuesday with markets keeping a close eye on geopolitical risks and noting comments from the Fed chief that suggested the central bank is on track with plans to hike rates as forecast.

Sensex jumps 172 points; IIP, retail inflation data eyed
The benchmark BSE Sensex was trading higher by nearly 180 points ahead of release of key macroeconomic data and start of March quarter earnings season due later this week despite a weak trend in Asia.

Indian rupee weakens to 64.69 on Fed officials’ hawkish comments
The cup of woes for the Indian rupee seems to be brimming over as it weakened by 13 paisa more to 64.69 against the US dollar in early trade as US rate hike fears come back to haunt participants.

Asian shares pressured by geopolitical risks
Asian equities were mostly lower in Tuesday trade, following a lower close on Wall Street as geopolitical tensions continued to weigh.
BBN/SK/AD