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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.

United Power to acquire 99pc stake of United Energy
The United Power Generation & Distribution Company Limited has decided to acquire 99 percent stake of United Energy, a sister concern of the United Group.

Bangladesh’s stocks stay in positive trend at midday
Bangladesh’s stocks stayed in the positive trend at midday on Wednesday as investors continued their buying spree on sector-wise stocks.

Sensex up 130 points; HPCL soars 8%, BPCL 7% on weak crude
Benchmark indices were trading higher as a slump in oil prices lifted the stocks of oil marketers, but a fall in IT counters due to a strong rupee capped the gains.

Rupee rebounds to 71.99 on lower crude prices, RBI bond buy announcement
The rupee rebounded to 71.99, boosted by a fall in global oil prices and on the central bank’s announcement to buy bonds via open market purchases.

Asian stocks mixed as oil prices slip further
Stocks in Asia were trading in mixed territory in the afternoon as oil prices slipped further into negative territory.

Brexit hopes keep sterling, euro bid; dollar bulls take a breather
The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks.

Gold edges up as dollar dips from multi-month high
Gold prices inched up on Wednesday as the U.S. dollar retreated from a 16-month high touched earlier in the week, easing amid a surge in the euro and sterling on a draft Brexit agreement.

Oil extends slide from 7 percent slump the day before as outlook darkens
Oil markets slipped again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the spectre of faltering demand scared off investors.