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 stay positive at midday
Bangladesh’s stocks stayed positive at midday on Wednesday as some investors continued their buying binge on sector-wise stocks.
Bangladesh’s FAS Finance recommends 10pc dividend
FAS Finance & Investment of Bangladesh has recommended 10 percent stock dividend for the year ended on December 31 in 2017, said an official disclosure on Wednesday.
Two Bangladeshis make the Forbes Asia 30 under 30 list
Chief Executive Officer of 10 Minute School Ayman Sadiq and Founder of Change Sajid Iqbal have made the Forbes 30 under 30 list for Asia.
Order on BGMEA’s time petition Monday
The Supreme Court today deferred till Monday for passing its order on a petition filed by BGMEA seeking one year more for demolishing its 15-storey building in the capital’s Hatirjheel area.
Metal, power stocks pull Sensex down 181 points; Nifty falls to 10,127
Shares of Persistent Systems fell on weak Q4 IP revenue forecast. The stock tanked as much as 9.9 per cent to Rs 706.25, its lowest since February 2. Read more
Indian rupee weakens to 65.02
The Indian rupee slipped to 65.02 as domestic equities remained weak due to offloading of positions by traders ahead of March F&O expiry and the end of financial year 2017-18.
Asian shares slide after tech drags on Wall Street
Asian stocks posted declines on Wednesday trade after U.S. stocks fell sharply on the back of declines in technology names. That cut short a rally seen in Europe and Asia’s Tuesday session linked to an apparent easing in trade-related tensions.
Gold steady after falling the most in about 2 weeks as trade tensions ease
Gold was little changed on Wednesday after falling in the previous session as concerns about a potential trade war between the United States and China eased which supported the dollar and reduced the incentive to hold bullion as a safe-haven asset.
Oil prices fall on surprise US inventory rise; China crude volatile
Oil prices fell on Wednesday, with Brent falling back below $70 per barrel and U.S. West Texas Intermediate crudes dipping below $65, pulled down by a report of increasing U.S. crude inventories that surprised many traders.