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 in positive trend at midday
Bangladesh’s stocks stayed in the positive trend at midday on Wednesday as investors remained active on sector-wise stocks.
Sensex down 121 points; Nifty drops below 11,500
The Sensex was trading down 121.02 points or 0.32 per cent at 38,036.90 and the Nifty down 39.45 points or 0.39 per cent at 11,480.35.
Indian rupee crashes to fresh all-time low of 71.79
The Indian rupee pared the initial gains and dropped to a fresh all-time low of 71.79 against the US currency on sudden bouts of dollar buying by banks and importers.
Asia markets broadly decline in midday trade after weak Wall Street performance
Asia markets were largely negative in midday action, after Wall Street posted losses on its first trading day of the month, and as emerging markets sold off overnight.
Gold nudges up as dollar eases; Sino-U.S. trade tensions in focus
Gold edged up on Wednesday, after slipping to a more than one-week low in the previous session, as the dollar eased despite concerns of an escalation in the trade conflict between the United States and China.
Oil rises ahead of Storm Gordon; gains capped by Cushing build
Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.