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 positive at midday Wednesday
Bangladesh’s stocks stayed in the positive note at midday on Wednesday as investors continued to take position on sector-wise stocks.
Temperature rise to affect 134m people in Bangladesh: WB
More than three-quarters of Bangladesh’s population is at risk of declining living standards due to rising temperature and erratic rainfall from climate change, the World Bank says.
Four listed cos recommend dividend
Four more listed companies have recommended dividend for the year ended on June 30, 2018, according to separate official disclosure on Wednesday.
Sensex sheds 156 points; Tata Motors plunges over 4%, ITC 2.4%
The Sensex was trading down by 156.52 points or 0.43 per cent at 36,495.54 and the Nifty down 34.2 points or 0.31 per cent at 11,033.25 on heavy selling in FMCG, auto, IT and TECk stocks.
Indian rupee strengthens to 72.56 on lower crude prices, dollar selling
The Indian rupee recovered by 13 paise to 72.56 against the dollar on mild selling of the US currency by exporters amid easing crude oil prices. According to currency traders, dollar’s weakness against some currencies overseas and a firm domestic equity market supported the rupee.
Asia markets turn positive despite Trump’s comments on trade
Asia markets made a turnaround on Wednesday afternoon to trade largely in positive territory, following the White House’s restatement of its tough stance on trade.
Gold prices steady ahead of Fed rate hike decision
Gold prices drifted in a narrow range on Wednesday as investors awaited cues of the U.S. Federal Reserve’s two-day meeting, where policymakers are expected to raise interest rates for the third time this year.
Oil prices drop, Brent moves further away from 4-year high
Brent oil edged further away from a four-year high on Wednesday and U.S. crude fell, after the U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices.