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.
Bangladesh’s stocks return to the red at closing
Bangladesh’s stocks backed to the red on Wednesday, after one-day break as investors followed cautious stance ahead of monetary policy announcement.
Basic Bank ex-MD, Bay Navigations MD sued over graft
The Anti-Corruption Commission today filed a case against former managing director of Basic Bank Fakhrul Islam and Managing Director of Bay Navigations Limited Faisal Murad Ibrahim for misappropriating around Tk 137 crore.
Deconstructing bitcoins: Future of money or a fraud?
Bitcoin’s popularity in Asia has had a positive influence on other alternative cryptocurrencies such as ethereum and litecoin. Clearly there is a great demand for such digital money, even though its volatility hurts.
Myanmar sends 1300 names of ARSA members to Bangladesh
Myanmar has sent a list containing names of more than 1,300 Arakan Rohingya Salvation Army (ARSA) members to Bangladesh.
Indian rupee strengthens to 63.75 as govt lowers additional market borrowing needs
The Indian rupee strengthened to 63.75 as the Government has lowered its additional borrowing plan to Rs. 20,000 crore for the fiscal from the earlier proposal of raising an extra Rs. 50,000 crore from the market. The reduced borrowing would help contain fiscal deficit within the target.
Sensex ends at fresh record high of 35,082 for first time; Nifty closes at 10,788
The S&P BSE Sensex surged over 310 points to close at a fresh record high of 35,082 for the first time ever as the Government has lowered its additional borrowing plan to Rs. 20,000 crore for the fiscal from the earlier proposal of raising an extra Rs. 50,000 crore from the market. The reduced borrowing would help contain fiscal deficit within the target.
Asian stocks close in negative over Wall Street reversal
Asian markets closed in negative territory on Wednesday after Wall Street reversed a triple-digit point gain to close lower in the previous session.
Gold prices inch up as dollar hits 3-year lows
Gold prices edged up on Wednesday, as the U.S. dollar slumped to three-year lows against a basket of currencies.
Oil prices slip as analysts warn of correction after 13% gain in the past month
Oil prices gave away earlier gains on Wednesday as analysts warned of a downward correction after prices have gained more than 13 percent over the past month.
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, January 17.