Business

November 20, 2024 10:31 PM November 20, 2024 10:31 PM

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Moody’s downgrades six Bangladeshi banks following sovereign rating cut

Global rating agency Moody's has revised its ratings for six Bangladeshi banks, citing concerns over the country's recent sovereign downgrade. The banks affected are BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, Mercantile Bank, and Premier Bank. Moody's has revised the outlooks on the long...

November 20, 2024 7:10 PM November 20, 2024 7:10 PM

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Oil prices rise amid escalation in geopolitical tensions

Oil prices rose today amid an escalation in geopolitical tensions. Brent Crude was trading nearly half percent up at 73 dollars and 67 cents per barrel, and WTI Crude gained over 0.8 percent to trade at 69 dollars and 95 cents per barrel when reports last came in.

November 20, 2024 5:35 PM November 20, 2024 5:35 PM

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Major Asian indices display mix trends

Major Asian indices displayed mixed trends today. China's Shanghai Composite Index gained over half percent, South Korea's Kospi rose 0.42 percent, and Hong Kong's Hang Seng Index added 0.21 percent. Meanwhile, Singapore's Straits Times index fell over 0.3 percent and Japan's Nikkei shed 0.16 percen...

November 20, 2024 4:50 PM November 20, 2024 4:50 PM

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2 out of 3 major indices ended in positive territory

Two out of three major US indices ended in positive territory yesterday, led by rally in technology stocks. The Nasdaq Composite rose 196 points, or 1.04 percent, to end at 18,987, and S&P 500 gained 23 points, or 0.4 percent, to settle at 5,917. Meanwhile, the Dow Jones Industrial Average fell ...

November 20, 2024 2:05 PM November 20, 2024 2:05 PM

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Domestic equity and financial markets closed due to Maharashtra assembly elections

Domestic equity and financial markets are closed for trading today on account of the Maharashtra assembly elections. All segments, including equity, derivatives, and securities lending and borrowing (SLB), remain closed. The public holiday is also for capital markets, futures and option divisions. &...

November 19, 2024 7:52 PM November 19, 2024 7:52 PM

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Gold, Silver surge in Indian Bullion Market

In the Indian Bullion Market, the 24 Karat Gold was trading at 1.09 per cent up at 75,900 rupees for 10 Grams while Silver 999 Fine, was also trading at 0.81 per cent up at 91,280 rupees per kilogram, a short while ago. 

November 19, 2024 6:09 PM November 19, 2024 6:09 PM

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BSE Sensex gains 239 points, NSE Nifty50 adds 65 points

Domestic benchmark equity indices today regained their positive momentum after days of downtrend, driven by value-buying at lower levels and a rally in blue-chip stocks. Snapping its four-day falling trend, the 30-share BSE Sensex rose 239 points, or 0.31 per cent, to close at 77,578, while the NSE ...

November 19, 2024 5:59 PM November 19, 2024 5:59 PM

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Brent Crude falls over 0.7%, WTI crude drops nearly 1%

Oil prices slipped today. Brent Crude was trading over 0.7 per cent down at 72 dollars and 73 cents per barrel, and WTI Crude lost nearly one per cent to trade at 68 dollars and 49 cents per barrel when reports last came in.

November 19, 2024 5:53 PM November 19, 2024 5:53 PM

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Nasdaq up 0.6%, S&P 500 adds 0.3%

Two out of three major US indices ended in positive territory yesterday, driven by gains in energy, communication services, and consumer discretionary stocks.   The Nasdaq Composite gained 0.6 per cent, the S&P 500 added over 0.3 per cent, while the Dow Jones Industrial Average slipped 0.13...

November 19, 2024 5:50 PM November 19, 2024 5:50 PM

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Major Asian indices log gains, European markets trade in negative territory

Major Asian indices logged gains today. Singapore's Straits Times index rose 0.68 per cent, China's Shanghai Composite Index jumped 0.66 per cent, Japan's Nikkei gained half per cent, Hong Kong's Hang Seng Index added over 0.4 per cent and South Korea's Kospi was 0.12 per cent up.   Major Europ...