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 higher for second day
Bangladesh’s stocks ended higher for the two consecutive sessions on Wednesday as investors continued their buying appetite on sector-wise stocks.
Home minister: Government will meet students’ demands to ensure justice, road safety
Home Minister Asaduzzaman Khan Kamal has said that the government has agreed to meet all the demands of the students who are on the streets for a fourth straight day demanding justice for two college students killed by a speeding bus on Dhaka’s Airport Road.
Sensex ends lower by 85 points; auto, bank stocks fall on repo rate hike
Benchmark indices shed their early gains and ended lower on Wednesday, on heavy selling in bank and auto stocks, as the RBI’s Monetary Policy Committee (MPC) raised the repo rate by 25 basis points to 6.50 per cent.
Indian rupee rebounds to 68.42
The Indian rupee rebounded to 68.42 as it took comfort from less-hawkish statement from RBI in its third bi-monthly monetary policy statement. The central bank hiked the repo rate by 25 basis points to 6.5 per cent, citing inflationary concerns.
Major markets in Asia close mixed as US-China trade dispute affects sentiment
Asian stocks closed mixed on Wednesday as investors digested headlines related to a months-long trade dispute between the U.S. and China.
Gold edges lower on dollar strength ahead of Fed statement
Gold prices dropped on Wednesday, pressured by a stronger U.S. dollar ahead of the outcome of a Federal Reserve monetary policy meeting later in the day.
Oil falls below $74 on US inventories, OPEC supply
Oil slipped below $74 a barrel on Wednesday pressured by an industry report that U.S. stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more ample supply.
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, August 1.