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 end lower for second day
Bangladesh’s stocks ended marginally lower on Wednesday as investors remained on selling binge, especially on banking stocks.
Dragon Sweater to issue rights share
The board of directors of Dragon Sweater and Spinning Limited has decided to issue rights share for expansion of the company’s existing project.
Basic Bank loan scams: HC summons IOs to explain delay in probe
The High Court today summoned all the investigation officers of 56 cases filed in connection with Basic Bank loan scam, seeking their explanation over the delay in completing the investigation.
Sensex plummets 254 points; Nifty drops to 10,446
Benchmark indices plunged nearly 1 per cent at pre-close trade on heavy selling in metal, oil & gas and realty stocks amid weak global cues. The Sensex was trading lower by 253.71 points or 0.73 per cent at 34,397.53 and the Nifty down 90.6 points or 0.86 per cent at 10,446.10.
Indian rupee slumps to fresh 16-month low ahead of Fed minutes
The Indian rupee declined 25 paise to hit a fresh 16-month low of 68.29 per dollar in early trade ahead of the minutes of US Federal Reserve’s last policy meet scheduled to be released later in the day.
Asian shares decline after Trump’s trade comments, with China and Japan leading losses
Asian stocks closed lower on Wednesday after U.S. President Donald Trump said he was “not satisfied” with the latest round of trade talks with China.
Gold rises, market eyes US-China trade talks, Fed minutes
Gold prices rose on Wednesday amid a steady dollar and uncertainty over the outcome of U.S.-China trade talks, while investors waited for minutes from the Federal Reserve’s meeting for clues on the outlook for U.S. interest rates.
Oil dips after rally, OPEC may ease supply curbs
Oil prices edged lower on Wednesday as the market took a breather on expectations OPEC may raise supplies as early as June, although geopolitical risks kept a floor under the 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, May 23.