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 tumble on selling spree
Bangladesh’s stocks suffered a sharp fall on Wednesday with prime index of the major bourse dipping below 6,200-mark after four days, as investors went on a selling spree.
Bangladesh Taka depreciates two paisa against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum two paisa against the US currency during the evening transactions on Wednesday in the inter-bank foreign exchange (forex) market.
Suu Kyi’s award suspended by UK union over Myanmar
One of Britain’s largest trade unions has suspended an award given to Aung San Suu Kyi during her time as a political prisoner, as international criticism mounts over her tepid response to Myanmar’s humanitarian crisis.
As China’s wages rise, Bangladesh is newest stop for Japan
As wage hikes in China push away manufacturers, Japanese companies are on the hunt for cheaper production bases elsewhere in Asia. One country where they’re landing is Bangladesh, which offers them the lowest labour costs in the Asia-Pacific region.
4G by December: Tarana
State Minister for Posts and Telecommunications Tarana Halim on Wednesday said the 4G service will be launched by December this year aiming to ensure the fastest data service for mobile phone subscribers.
Sensex ends flat; Fed policy statement awaited
The Sensex and Nifty ended flat as investors remained cautious ahead of the Fed policy statement to be announced later today.
Indian rupee strengthens to 64.24 on fresh dollar selling
The Indian rupee strengthened to 64.24 against the dollar due to fresh selling of the US currency by exporters and banks.
Asia markets tread water as investors await news from the Fed
Most Asian indexes closed largely unchanged on Wednesday as investors awaited monetary policy news coming at the conclusion of the U.S. Federal Reserve’s two-day meeting.
Gold range-bound ahead of US Fed policy statement
Gold held to a narrow range on Wednesday, with investors in a wait-and-see mode ahead of the outcome of a two-day U.S. Federal Reserve meeting that began on Tuesday.
Oil set for strongest Q3 since 2004, Iraq hints at OPEC extension
Oil rose on Wednesday, set for its largest third-quarter gain in 13 years, after the Iraqi oil minister said OPEC and its partners were considering extending or deepening supply cuts to erode an existing global surplus.
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, September 20.