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 red, turnover up
Bangladesh’s stocks returned to the red on Wednesday, with turnover crossing BDT 10 billion-mark again, as investors went on late hours selling on banking sector stocks.
UN: Army in systematic bid to drive Rohingya from Myanmar
Myanmar’s “systematic” crackdown on the Rohingya has been designed to permanently eliminate the minority Muslim community from their home in Rakhine state, the United Nations said Wednesday.
IMF projects 7.0pc growth for Bangladesh
International Monetary Fund (IMF) on Tuesday projected that Bangladesh economy would grow by 7.0 per cent rate in the current fiscal year (FY18).
Indian rupee climbs to 65.18 on sustained dollar selling
The Indian rupee climbed 10 paisa to 65.18 against the dollar today as US president’s tax cut plans failed to sustain dollar interest among traders.
Realty, metal stocks pull Sensex down 90 points
The benchmark BSE Sensex ended the session down by nearly 100 points due to heavy selling in realty, metal, banking and healthcare stocks despite positive global cues.
Asian stocks touch decade-high after stronger US lead; Kobe Steel tumbles further
A broad index of Asian shares touched a decade-high on Wednesday, taking cues from signs of confidence in the U.S. Meanwhile, the euro held onto overnight gains after Catalonia held back on an outright declaration of independence.
Crude oil prices rise amid signs that market is tightening
Crude oil prices were higher for a third day on Wednesdays amid indications that the market is gradually rebalancing after years of oversupply.
Gold prices lower ahead of federal reserve minutes
Gold prices were lower on Wednesday as investors awaited the minutes of the Federal Reserve’s September policy meeting later in the day, which were expected to reinforce expectations for a December rate hike.
5 reasons why oil prices are on the move again
After a sluggish start to the week, likely due to the Columbus Day holiday in the United States, oil prices are moving again. WTI started Tuesday morning with a jump back above $50 per barrel, and even hit $51 per barrel before declining slightly. This is likely a reaction to several new developments from Saudi Arabia and OPEC.
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, October 11.