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 downturn at midday Wednesday
Bangladesh’s stocks maintained the downward trend at midday on Wednesday as investors continued their selling spree on large-cap stocks.

Hamid elected president for second term
Abdul Hamid has been elected the country’s president for a second consecutive term as no one else is running in the upcoming presidential election.

Sensex turns lower; RBI policy statement eyed
The Sensex and Nifty slipped from intraday highs as investors turned wary ahead of RBI monetary policy statement later today.

Indian rupee recovers by 20 paisa to 64.04 on fresh dollar selling
The rupee strengthened by 20 paisa to 64.04 against the dollar at the interbank forex market today on fresh selling of the American currency by exporters and banks ahead of the announcement of RBI’s monetary policy.

Asian shares rebound after Wall Street’s wild ride
Asian markets advanced on Wednesday, retracing losses made in the last session, after major U.S. indexes finished their Tuesday session higher.

Gold rises from over 3-week low on bargain hunting
Gold prices rose on Wednesday as investors used dips to accumulate the yellow metal after it dropped more than one percent to its lowest in over three weeks in the previous session.

Oil prices rise on report of decline in US crude stocks
Oil prices rose on Wednesday amid a recovery in global stock markets, supported by a report that U.S. crude inventories fell last week.