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.

Delta Life Insurance recommends 25pc dividend
Delta Life Insurance Company of Bangladesh has recommended 25 percent cash dividend for the year ended on December 31in 2017, said an official disclosure on Wednesday.

Bangladesh’s stocks see downturn at midday Wednesday
Bangladesh’s stocks witnessed downward trend at midday on Wednesday as most of the investors followed cautious stance amid ongoing quarterly earnings declaration.

Sensex drops 168 points; ICICI Bank slumps 3%, Hero MotoCorp 2.3%
The Sensex was trading down 167.82 points or 0.47 per cent at 35,376.12 and the Nifty down 57.5 points or 0.53 per cent at 10,744.35.

Indian rupee rebounds 27 paisa to 67.80 on fresh dollar selling
The Indian rupee rebounded by 27 paisa to 67.80 per dollar in early trade today on fresh selling of the US currency by exporters and banks.

Most Asian stocks slip after bond yields rise, with North Korea uncertainty in focus
Most stocks in Asia traded slightly lower on Wednesday as markets processed new geopolitical uncertainty related to North Korea and the U.S. 10-year Treasury yield rising to its highest level in seven years overnight.

Gold prices edge up on short-covering
Gold prices recovered slightly on Wednesday on short-covering after sliding to the lowest level this year in the previous session on surging U.S. bond yields and a stronger dollar.

Oil dips on signs of ample supply despite OPEC cuts, Iran sanctions
Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
BBN/SSK/AD