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December 10, 2018 - AKM Shaheed Reza, Chairman, Board of Directors of Mercantile Bank Limited, inaugurating its 131st branch at Sirajganj Municipality area on Sunday. Kazi Masihur Rahman, CEO, Senior Executives of the Bank, Wahidul Islam, Vice-President of Sirajganj Chamber and President of Fertilizer Association and local elites were also present.
December 10, 2018 - Prof. Dr. Mojib Uddin Ahmed, Chairman, Board of Directors of the Investment Corporation of Bangladesh (ICB), presiding over its 42nd AGM at a hotel in the city on Saturday. Kazi Sanaul Hoq, Managing Director and other directors of the organization were also present.
December 10, 2018 - Professor Dr. A H M Mostafizur Rahman, VC of Kabi Nazrul Islam University along with S M Amzad Hossain, Chairman of South Bangla Agriculture & Commerce (SBAC) Bank Limited, inaugurating its 71st branch at Mymensingh on Sunday. Md. Golam Faruque, Managing Director of the Bank and Aminul Haque Shamim, President of Mymensingh Chamber of Commerce were also present.
December 10, 2018 - PM for mother’s special attention to children
December 10, 2018 - Integrated efforts must for continuation of power sector progress: Towfiq
December 10, 2018 - BNP-Jamaat out to make Polls questionable:Qamrul
December 10, 2018 - CJ urges youths to take bold stance against corruption
Oil prices, stock markets slide; dollar higher

Oil prices, stock markets slide; dollar higher

NEW YORK; Global equities sank deeper into the
red on Friday following dour economic news from China while a slump in oil
prices deepened.

US investor appetite was dampened by economic data that suggested the
central bank may continue raising interest rates, further eroding gains from
a relief rally after Tuesday’s midterm elections.

Higher US energy stockpiles drove benchmark WTI crude to its longest
losing streak in more than 30 years, with the tenth straight lower finish,
while the dollar gained against the pound and the euro.

In equities, Frankfurt was the lone standout posting gains, while London,
New York, Paris, Tokyo and Shanghai all crumbled, but New York indices were
still higher for the week.

Hong Kong lost 2.4 percent on the day.

Chinese wholesale inflation numbers released Friday came in weaker than
expected, possibly pointing to slackening demand, while auto sales were also
lower.

Gregori Volokhine of Meeschaert Financial Services told AFP there were
“clear signs” of slowing in the Chinese economy, amid the tariff battle
between Washington and Beijing.

“But, while a trade war can be resolved through negotiation, an economic
slowdown is a much more serious problem,” he said.

“Slowing growth in China represents a risk for everyone.”

Meanwhile, US wholesale inflation, also released Friday, was hotter than
forecasts, diminishing chances the Federal Reserve will slow the pace of
interest rate increases.

– Oil majors tank –

David Madden, analyst at CMC Markets, told AFP that “rising US stockpiles,
rising US production — which is now at a record-high — and talk of Iraq and
Indonesia raising output next year are all factors as to why oil is lower.
Ongoing concerns about China slowing down is a factor too.”

Madden added that the “price needs to strike a balance, of being cheap
enough to keep demand strong, and keep (US President Donald) Trump happy, but
not so low that their oil revenue drops drastically.”

Capital Economics meanwhile warned that as the global economy slows into
2019 the US market would take a buffeting.

“We think that the global economy will slow next year,” said the
consultancy, which forecast the US stock market “will fall by nearly 15
percent in 2019.”

Shares in European energy companies tanked as oil slid back. BP shed 2.0
percent, Shell gave up 1.0 percent and Total lost 2.5 percent. But US firms
Exxon Mobil and Chevron were little changed.

Stock markets had enjoyed a midweek rally after traders bet that expected
gridlock on Capitol Hill would prevent Congress from enacting policies that
could encroach on Trump’s business-friendly agenda.

But markets began to sag again on Thursday after the Fed said it expected
further “gradual” interest rate increases.

– Key figures around 2200 GMT –

Oil – Brent Crude: DOWN 47 cents at $70.18 per barrel

Oil – West Texas Intermediate: DOWN 48 cents at $60.19

New York – Dow: DOWN 0.8 percent at 25,989.30 (close)

New York – S&P 500: DOWN 0.9 percent at 2,781.01 (close)

New York – Nasdaq: DOWN 1.7 percent at 7,406.90 (close)

London – FTSE 100: DOWN 0.5 percent at 7,105.34 points (close)

Frankfurt – DAX 30: UP 0.1 percent at 11,529.16 (close)

Paris – CAC 40: DOWN 0.5 percent at 5,106.75 (close)

EURO STOXX 50: DOWN 0.3 percent at 3,229.49 (close)

Tokyo – Nikkei 225: DOWN 1.1 percent at 22,250.25 (close)

Hong Kong – Hang Seng: DOWN 2.4 percent at 25,601.92 (close)

Shanghai – Composite: DOWN 1.4 percent at 2,598.87 (close)

Euro/dollar: DOWN at $1.1334 from $1.1364 at 2200 GMT

Pound/dollar: DOWN at $1.2973 from $1.3063

Dollar/yen: DOWN at 113.79 yen from 114.07 yen

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