Briefing 2023-07-22

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FE Team | Published: July 21, 2023 23:45:59

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Stocks gain riding on general insurers
Stocks extended the winning streak for the second straight week to Thursday, as smart investors showed buying interest, particularly in general insurance, in anticipation of short-term gains. The investors shifted their focus towards the insurance sector, buoyed by the news that the government has granted approval to the introduction of 'bancassurance' in the country, market operators said. Page 9
Spain cruise in ominous Women's WC display
Coach Jorge Vilda says Spain will try to eke the best out of Alexia Putellas at the Women's World Cup after she made a cameo off the bench in Friday's ominous 3-0 win over Costa Rica. The Spaniards showed why they're among the favourites with a classy display in a Group C mismatch in Wellington, firing 46 shots against opponents. Page 13
Russia hits grain terminals in Ukraine
Russia pounded Ukrainian food export facilities for a fourth day in a row on Friday and practised seizing ships in the Black Sea in an escalation of what Western leaders say is an attempt to wriggle out of sanctions by threatening a global food crisis. Kyiv vowed to defy Russia's naval blockade on its grain export ports. Page 14
Mango exports hit all-time high
Mango exports from Bangladesh have seen a record surge this year owing to the inclusion of a few local varieties on foreign market shelves. The total mango exports have reached 2,000 tonnes so far this year, with shipments continuing for the next two months. Page 20