Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
Depreciating mode of Bangladesh Taka continues at closing
The depreciating mode of Bangladesh Taka (BDT) against the US dollar continued following higher demand for the greenback in the inter-bank foreign exchange market on Wednesday.
Bangladesh’s stocks end higher for second day
Bangladesh’s stocks extended the gaining streak for the two consecutive sessions on Wednesday as optimistic investors continued their buying spree on lucrative stocks.
Indian rupee trading strong at 64.52
The Indian rupee was trading strong at 64.52 in the evening session on fresh selling of the American currency by banks and exporters.
Sensex ends flat ahead of GDP data; realty, consumer durables top gainers
The Sensex and Nifty ended flat after hitting a record high earlier as caution set in ahead of gross domestic product data later in the day, but still posted a 4.1 per cent gain for May, its best monthly performance in a year.
Asian markets close mixed, China PMI slightly higher than expected
Stocks in Asia closed the session mixed after cautious trade on Wednesday as the British pound fell on new poll results ahead of the U.K. election and on better than expected official PMI figures out of China.
Gold set for first monthly drop since Dec as Fed rate hike likely
Gold fell for a third day on Wednesday, set for its first monthly drop since December, as U.S. economic data boosted the case for an interest rate hike by the Federal Reserve next month.
OPEC, non-OPEC committed to cutting inventories to 5-year average: Falih
OPEC and non-OPEC countries are committed to bringing global oil inventories down to the industry’s five-year average, Saudi Energy Minister Khalid al-Falih said on Wednesday, adding he saw the target being reached in the very near future.
Top 5 things to know in the market on Wednesday
Here are the top five things you need to know in financial markets on Wednesday, May 31.