Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the business round up compiling reports, published by different newspapers and news portals Wednesday midday in Bangladesh.

Bangladesh’s stocks stay positive at midday
Bangladesh’s stocks stayed early hour’s upward trend at midday on Wednesday as the optimistic investors remained active on sector specific shares.

Bangladesh Taka depreciates one paisa more against US$
The exchange rate of Bangladesh Taka (BDT) depreciated by maximum one paisa more against the US currency in early hour transactions on Wednesday in inter-bank foreign exchange (forex) market.

“Bangladesh’s foreign exchange reserve can be utilized for infrastructure development”
President of Dhaka Chamber of Commerce & Industry (DCCI) Abul Kasem Khan said “Central Bank may utilize the foreign exchange reserve for wide ranging infrastructure development work of Bangladesh”.

Trust bank recommends 25pc dividend
Trust Bank Limited has recommended 15 per cent cash dividend and 10 per cent stock dividend for the year ended on December 31, 2016, said an official disclosure on Wednesday.

US Dollar gains in Asia as all eyes on Fed decision
The US dollar gained in Asia on Wednesday with all eyes on the Federal Reserve policy announcement later in the day.

Crude oil rebounds strongly in asia
Crude oil prices rebounded strongly in Asia on Wednesday after an unexpected draw in US crude stocks in industry data and as the market mulls a monthly report from OPEC on supply and demand.

Gold prices dip in Asia
Gold prices eased in Asia on Wednesday with a widely expected Fed rate hike later in the day the key market factor, though growing political risk has supported prices.

Sensex trading flat; fed rate-hike decision awaited
The Sensex and Nifty were trading flat as investors remained cautious ahead of the US Federal Reserve interest rate-hike decision later in the day.

Indian rupee rises to 65.73 on foreign fund inflows
A day after it surged to a 16-month high on higher expectations of bold reforms, the Indian rupee made a positive start — though muted — by rising 9 paisa to 65.73 against the US dollar, backed by foreign fund inflows.

Asian stocks fall
Asian equities were in the red on Wednesday morning, following losses in US stocks as traders awaited a rates decision from the US Federal Reserve.
BBN/SK/AD