Wednesday’s evening business round up of Bangladesh

Last updated: April 25, 2018

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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 First Security Bank recommends dividend
The board of directors of First Security Islami Bank has recommended 10 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Wednesday.

From Russia, with skill to clone ATM cards
Shariful Islam, 33, went to Russia for higher degrees back in 2007. In three years, not only did he earned an engineering degree, but also learned the skill to clone ATM cards and steal money from banks.

Bangladesh’s stocks snap three-day losing streak
Bangladesh’s stocks returned to the green on Wednesday, snapping a three-day losing streak, as some investors went on late hours buying spree on sector-wise stocks.

Bangabandhu satellite launch deferred to May 7
The launch of Bangladesh’s first commercial satellite, Bangabandhu-1, has been deferred.

Bangladesh women’s squad named for South Africa tour
The BCB Tuesday named a 16-member Bangladesh women’s squad for the tour of South Africa. Rumana Ahmed will lead the ODI side while Salma Khatun will captain the T20I team.

Sensex sheds 115 points on profit-booking, weak global cues
The Sensex closed lower by 115.37 points or 0.33 per cent at 34,501.27 and the Nifty ended down by 43.8 points or 0.41 per cent at 10,570.55.

Indian rupee slumps to 13-month low of 66.83
The Indian rupee weakened to a fresh 13-month low of 66.83, down 45 paise, against the American currency on bouts of month-end dollar demand from importers, volatility in crude prices and rising US bond yields.

Asia markets slump amid rising yield worries; Dollar climbs
Markets in Asia traded lower on Wednesday, following an overnight drop in U.S. stocks as investors worried about rising interest rates and the outlook of the economy.

Gold falls on strong dollar, higher US yields
Gold prices dropped on Wednesday as benchmark U.S. bond yields poked above the 3 percent level and lifted the dollar to its highest in more than three months.

Oil dips away from late-2014 highs as rising US supply clouds bull-run
Oil prices on Wednesday fell back from more than three-year highs reached the previous session, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

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, April 25.
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