Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks turn volatile at midday
Bangladesh’s stocks turned volatile at midday on Wednesday as investors were active on both sides of trading fence ahead of monetary policy announcement.
Trade gap with India reaches $5.47 billion
The country’s trade deficit with India stood at $5.47 billion in the past fiscal year (FY17) mainly due to a surge in imports from the next door neighbour.
HC stays by-polls to Dhaka North City Corporation
The High Court has stayed the by-election to Dhaka North City Corporation scheduled for February 26, that will be held to fill the seat of deceased mayor Annisul Huq.
Indian rupee strengthens to 63.75
The Indian rupee strengthened to 63.75 due to sustained foreign fund inflows and weakening of the US dollar against other currencies overseas.
IT, TECk stocks drive Sensex up 153 points
The S&P BSE Sensex was trading higher by over 150 points led by IT, TECk, banking and PSU stocks amid weak Asian cues. However, realty, consumer durables, auto and oil & gas stocks succumbed to selling pressure.
Asian stocks decline following Wall Street reversal
Asian markets traded in negative territory early on Wednesday after Wall Street reversed a triple-digit point gain to close lower in the previous session.
Gold prices inch up as dollar hits 3-year lows
Gold prices edged up on Wednesday, as the U.S. dollar slumped to three-year lows against a basket of currencies.
Oil prices slip as analysts warn of correction after 13% gain in the past month
Oil prices gave away earlier gains on Wednesday as analysts warned of a downward correction after prices have gained more than 13 percent over the past month.