Briefing 20-08-2022

Stocks rebound amid optimism

The market rebounded this week to Wednesday, paring some losses from the previous week, as investors put fresh funds on stocks amid optimism following the central bank's move to stabilise the foreign exchange rates. All three trading days of the week posted gains, as the market remained closed on Monday and Thursday due to public holiday. Page 9

China's response to Pelosi visit

China's response to US House Speaker Nancy Pelosi's visit to Taiwan was anything but subtle - dispatching warships and military aircraft to all sides of the self-governing island democracy, and firing ballistic missiles into the waters nearby. Page 14

Oil prices retrace losses

Oil prices were broadly stable on Friday, retracing earlier losses, but were headed for weekly losses as concerns about a global economic slowdown weighed amid soaring inflation rates. Brent crude futures were down 13 cents, or 0.1 per cent, at $96.46 a barrel at 1339 GMT. U.S. West Texas Intermediate crude was at $90.78 a barrel, up 28 cents, or 0.3 per cent. Page 15

Sriram hired as T20 consultant

The Bangladesh Cricket Board (BCB) has hired ex-Indian cricketer Sridharan Sriram as the technical consultant to the team for T20Is ahead of the Asia Cup starting on August 27 in the UAE. Nazmul Hasan, the president of BCB, said Sridharan will work with the Bangladesh team till the T20 World Cup that will take place later this year in Australia. Sridharan has the experience of coaching several teams in the domestic circuit. He is coming to Dhaka this week to discuss his role with the Bangladesh team, Nazmul added. Page 13