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.
LankaBangla Finance recommends 15pc dividend
The board of directors of LankaBangla Finance has recommended 7.50 percent cash dividend and 7.50 percent stock dividend for the year ended on December 31 in 2017.
Bangladesh’s stocks maintain upturn at midday
Bangladesh’s stocks maintained the upbeat trend at midday on Wednesday as investors continued to show their buying appetite on sector-wise stocks.
Sensex turns flat; bank stocks fall on RBI’s new regulations
Bank stocks fall: Nifty PSU bank index fell as much as 2.3 per cent, and State Bank of India was down 1.8 per cent as RBI has come out with a revised framework for expeditious resolution of bad loans. Click here to read more
Indian rupee strengthens to 64.08
The Indian rupee strengthened by 24 paisa to 64.08 on dollar selling by exporters and the greenback’s weakness against other currencies overseas.
Asian stocks trade mixed as yen rises to a 15-month high
Asian markets traded mixed and the dollar slid to multi-month lows against the yen on Wednesday.
Gold rises on softer dollar ahead of US inflation data
Gold prices rose for a third straight session on Wednesday to hit a one-week high, buoyed by a weaker dollar, while investors awaited U.S. inflation data for clues on the pace of future U.S. interest rate increases.
Oil stable on weaker dollar and healthy economic growth, but pockets of oversupply linger
Oil prices were stable on Wednesday, supported by healthy economic growth and expectations that a weaker dollar could spur fuel demand.