Photo: Wikimedia
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 down at midday Wednesday
Bangladesh’s stocks stayed in the downward trend at midday on Wednesday as cautious investors continued their selling spree.
Sensex trading flat; SBI jumps 5.5%, Tata Motors 2.4%
The Sensex and Nifty were trading flat due to heavy selling in oil & gas and metal stocks amid sustained foreign fund outflows. Also, the weakening of rupee to a fresh 16-month low and weak Asian cues dampened the domestic sentiment.
Indian rupee slumps to fresh 16-month low ahead of Fed minutes
The Indian rupee declined 25 paise to hit a fresh 16-month low of 68.29 per dollar in early trade ahead of the minutes of US Federal Reserve’s last policy meet scheduled to be released later in the day.
Asian shares decline after Trump's trade comments; Nikkei down more than 1%
Asian stocks slipped Wednesday after U.S. President Donald Trump's said he was "not satisfied" with the latest round of trade talks with China, with Japan leading losses in the region.
Gold rises, market eyes US-China trade talks, Fed minutes
Gold prices rose on Wednesday amid a steady dollar and uncertainty over the outcome of U.S.-China trade talks, while investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for U.S. interest rates.
Oil dips after rally, OPEC may ease supply curbs
Oil prices edged lower on Wednesday as the market took a breather on expectations OPEC may raise supplies as early as June, although geopolitical risks kept a floor under the market.
BBN/SSK/AD