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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 United Commercial Bank recommends 10pc dividend
Bangladesh’s United Commercial Bank (UCB) has recommended 10 percent cash dividend for the year ended on December 31 in 2017, said an official disclosure on Wednesday.

Asian business sentiment edges up to hit 7-year high
Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed, as a fresh surge by the Chinese economy offset concerns about rising trade barriers.

Bangladesh’s stocks turn mixed at midday
Bangladesh’s stocks witnessed mixed trend at midday on Wednesday as cautious investors are active both sides of trading fence.

Bangladesh wins WSIS award for 5th time
Bangladesh has won the world’s most prestigious award in ICT sector called the “World Summit on Information Society (WSIS) Prize-2018.”

Sensex spurts 315 points to 33,312; Nifty holds above 10,210
The Sensex was trading higher by over 300 points on firm global cues ahead of Federal Reserve policy outcome later in the day. Short-covering by speculators too supported the rally.

Indian rupee edges up by 1 paisa to 65.19
The Indian rupee edged marginally higher by 1 paisa to 65.19 against the US dollar in early trade ahead of the Federal Reserve’s policy decision today.

Asian stocks trade cautiously higher ahead of expected Fed rate hike
Asian markets traded cautiously higher on Wednesday, with markets focused on the Federal Reserve after it kicked off its March meeting. Gains in the region took cues from the overnight move higher on Wall Street after a pull back earlier in the week.

Gold edges up as dollar dips, investors await rate hike outlook
Gold prices inched up on Wednesday as the dollar crept lower, while investors awaited the conclusion of U.S. Federal Reserve’s two-day meet for clues on faster monetary tightening, expecting the first rate increase of the year later in the day.

Oil prices rise on Middle East tensions, healthy demand
Oil prices rose on Wednesday, supported by tensions in the Middle East and healthy global demand , although rising U.S. output from the United States continued to weigh on markets.
BBN/SSK/AD