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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 stocks maintain positive trend at midday
Bangladesh’s stocks maintained the positive trend at midday on Wednesday as investors continued their buying spree on large-cap stocks encouraged by the government’s steps to mitigate the ongoing liquidity crunch.
Bangladesh’s Takaful Ins recommends 11% dividend
The board of directors Takaful Insurance has recommended 5.0 percent cash and 6.0 percent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday.
Bangladesh Bank sells $27m to 10 banks
The central bank of Bangladesh has sold US$27 million more to 10 commercial banks to meet the growing demand for the greenback in the market.
Realty, auto stocks push Sensex up 70 points; Tata Motors, YES Bank top gainers
Shares of speciality alloy maker Mishra Dhatu Nigam (Midhani) got listed at Rs 87 on the bourses, with a discount of 3.33 per cent over its issue price of Rs 90.
Indian rupee edges up by 4 paise to 64.97
The Indian rupee edged higher by 4 paise to 64.97 against the dollar in early trade on increased selling of the greenback by exporters and banks ahead of the Reserve Bank of India’s first bi-monthly monetary policy meet for FY19.
China gains as rest of Asia slips amid simmering trade concerns
Asian stocks traded mostly lower on Wednesday as the overnight bounce on Wall Street stalled. Recent concerns over trade tensions also persisted amid new China-U.S. trade developments.
Gold gains as worsening Sino-US trade tensions dent risk appetite
Gold prices gained on Wednesday, as investors stayed away from risk assets after the United States slapped tariffs on $50 billion worth imports from China, raising the stakes in a growing trade showdown with Beijing.
Oil inches lower on expectations for US crude stock build
Oil prices slipped on Wednesday on expectations for a build-up in U.S. crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output cuts braked steeper declines.
BBN/SSK/AD