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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 plunge at midday on Tuesday
Bangladesh’s stocks could not sustained the morning temper and plunged at midday on Wednesday as investors remained on selling spree.
ADB: Bangladesh economy to grow 6.9% in 2017-18 fiscal year
Bangladesh’s economy is expected to grow at 6.9 in the current fiscal year (FY18) while the inflation will remain within 6%, according to latest report of the Asian Development Bank (ADB).
Bangladesh moves up seven places on WEF's Global Competitiveness Index
Bangladesh's global competiveness has improved by the most in four years, according to the annual index released by the World Economic Forum or WEF.
Indian rupee slumps to 65.72 on month-end dollar demand
The Indian rupee weakened to 65.72 due to fresh spell of month-end dollar demand from importers and banks and a higher greenback overseas.
Sensex down 141 points, Nifty slips below 9,850
The benchmark BSE Sensex was trading down by nearly 150 points as a further hint from Fed Chair Janet Yellen about a December rate hike and heated statements by Donald Trump and North Korean leader Kim Jong Un dampened the domestic sentiment.
Asian indexes are cautious as the dollar holds onto overnight gains following Yellen speech
Greater China markets bucked declines in most Asian markets to post slight gains on Wednesday as investors digested Federal Reserve Chair Janet Yellen's overnight speech and as North Korea tensions took a backseat.
Gold steady as N.Korea worries lend support
Gold was largely unchanged on Wednesday after falling over one percent in the previous session on hawkish comments from U.S. Federal Reserve Chair Janet Yellen, while lingering North Korea worries supported prices.
Brent oil edges up, near 26-month high amid supply concerns
Brent oil prices rose on Wednesday, hovering around a 26-month high hit in the previous session, after U.S. data showed an unexpected drop in crude stocks as refineries boosted output and amid threats from Turkey to cut crude exports from Iraq.
BBN/SSK/AD