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.
BB to sue Manila-based RCBC
Bangladesh Bank has decided to sue the Manila-based Rizal Commercial Banking Corporation against its role in stealing $81 million from the BB’s account at the New York Fed more than two years ago.
Bangladesh’s stocks return to the red amid volatility
Bangladesh’s stocks returned to the red amid volatility on Wednesday, as investors are carefully watching the political arena ahead of Zia Orphanage Trust graft case verdict.
BGB deployed in some dists ahead of Khaleda’s graft verdict
Authorities have ordered the deployment of paramilitary Border Guard Bangladesh (BGB) across some parts of the country ahead of tomorrow’s graft verdict of Khaleda Zia.
Will onion prices ever come down in Bangladesh?
India recently removed the minimum export price on onions, allowing the traders to keep the prices reasonably low, but the high prices in Bangladeshi markets is yet to come down.
Sensex sheds 113 points as RBI lowers economic growth projection
The benchmark Sensex ended the session down by 113 points as the Reserve Bank of India kept the repo rate unchanged at 6 per cent but lowered the economic growth projection to 6.6 per cent for 2017-18 from 6.7 percent.
Indian rupee weakens to 64.30
The Indian rupee weakened to 64.30 as the Reserve Bank of India, in its monetary policy review, has kept the repo rate unchanged at 6 per cent.
Rally in Asia markets stalls after Wall Street’s wild ride
The rebound in Asian markets stalled on Wednesday as several indexes in the region gave up early gains to finish the session in negative territory, after major U.S. indexes finished their Tuesday session higher.
Gold up off 3-week lows as investors hold cautious dollar view
Gold rose on Wednesday as investors overlooked the precious metal’s failure to capitalise on this week’s global stock market rout and held onto the view that the dollar’s bear run remains in place despite rate hike expectations.
Oil steadies, as lower inventories offset by higher US output
Oil held mostly steady on Wednesday, as the boost from a report showing a drop in U.S. crude inventories last week was offset by evidence of soaring U.S. output.
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, February 7.