Wednesday’s midday business round up of Bangladesh

Last updated: April 11, 2018

Photo: Investing.com

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 Prime Bank, IFIC Bank recommend dividend
Prime Bank and IFIC Bank of Bangladesh have recommended dividend for the year ended on December 31 in 2017, according to separate official disclosures on Wednesday.

BD economy to grow 7.0pc in FY18: ADB
Bangladesh economy is likely to grow by 7.0 per cent in the current fiscal year, according to the latest projection of the Asian Development Bank (ADB).

Bangladesh’s stocks stay positive at midday Wednesday
Bangladesh’s stocks maintained the positive trend at midday on Wednesday as optimistic investors continued their buying spree on sector-wise stocks.

Shakil bags silver after Baki in Commonwealth Games
After Abdullah Hel Baki, SA Games gold medalist shooter Shakil Ahmed bagged silver medal in 50m Air pistol event of Commonwealth Games at Belmont Shooting Center in Brisbane, Australia this morning.

Protesters surge with fresh vigor, want PM’s word now
Protests for quota reform started with fresh vigor this morning, following last night’s heat and tension at Dhaka University; and now protesters say they will not stop until the government gives out specifics.

Sensex turns flat; metal, IT stocks top gainers
Shares of Mahanagar Gas fell as much as 4.2 per cent to a one-year low of Rs 905 as BG Asia Pacific Holdings is selling its stake in the company.

Indian rupee weakens by 12 paise to 65.11 ahead of Fed minutes
The Indian rupee depreciated 12 paise to 65.11 against the US dollar in early trade ahead of the release of US Fed meeting minutes scheduled later in the day. However, the dollar’s weakness against select currencies overseas capped the rupee’s losses.

Asia trades mixed after global markets rally on Xi comments
Asian stocks traded mixed on Wednesday after global markets advanced overnight as recent trade fears waned.

Gold up on a softer dollar; US CPI, Fed minutes in focus
Gold prices rose early on Wednesday as the dollar index hovered near two-week lows, with markets awaiting key U.S. inflation data and minutes from the Federal Reserve's March meeting.

Oil prices near 2014 highs over warnings of western air strikes against Syria
Oil prices edged higher on Wednesday, adding to steep gains in the previous session, as markets eyed an escalation of Middle East tensions after Europe's air traffic control agency warned of possible air strikes on Syria in the next 72 hours.
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