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 upbeat at midday Wednesday
Bangladesh’s stocks maintained the positive trend at midday on Wednesday as investors continued their buying appetite on sector-wise stocks after announcement of monetary policy.
Students take to streets, block roads for 4th day
Students have taken to the streets for the fourth day in a row, chanting slogans and demanding justice for the deaths of two of their fellows on Airport Road last Sunday.
Sunlife Insurance recommends 2.0pc dividend
The board of directors of Sunlife Insurance Company has recommended only 2.0 percent stock dividend for the year ended on 31 December in 2017.
Weak manufacturing PMI pulls Sensex down from intraday high of 37,712
The Sensex fell from its intraday high of 37,711.87 and the Nifty too fell from record high of 11,389.90 as the country’s manufacturing sector activity moderated in July amid softer increase in output, new orders and employment.
Indian rupee weakens to 68.59 ahead of monetary policy outcome
The Indian rupee depreciated by 5 paise to 68.59 against the US dollar in early trade ahead of the Reserve Bank’s monetary policy announcement today. Dealers attributed the rupee’s fall to fresh demand for the US currency, but a firm domestic equity market capped the losses.
Major markets in Asia mixed as US-China trade dispute affects sentiment
Asian stocks were mixed on Wednesday as investors digested headlines related to a months-long trade dispute between the U.S. and China.
Gold steady ahead of Fed statement
Gold prices were steady early Wednesday, after slipping to a near two-week low in the previous session, as investors waited for the outcome of the U.S. Federal Reserve’s monetary policy meeting for outlook on interest rates.
Oil extends decline after biggest monthly slump in two years
Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July.