Briefing 21-07-2022

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FE Team | Published: July 21, 2022 00:01:47

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Dhaka stocks extend losses
Stocks extended the losing streak for a seventh consecutive session on Wednesday as jittery investors, facing confidence crisis, continued their relentless sell-offs. The market witnessed a positive trend in the early trading but failed to maintain the momentum as investors were taking every rebound as an opportunity to exit the market. Page 9
Heatwaves will happen more often: UN
Heatwaves like the one stifling western Europe are becoming more frequent and the trend is set to continue until at least the 2060s, the United Nations said Tuesday. The current heatwave should act as a wake-up call for countries pumping ever more carbon dioxide into the atmosphere, the UN's World Meteorological Organization said. Page 17
Bangladesh gear up for Zimbabwe tour
The Bangladesh team management will hardly bring any changes for the side's T20 International and ODI squad for Zimbabwe tour. The team will be more or less same, which recently visited West Indies. Ace all-rounder Shakib Al Hasan however had already taken a break from the tour and the selectors, led by Minhajul Abedin Nannu is set to announce the team without him today (Thursday). Page 15
Pak rupee slides to Rs226 vs dollar
The Pakistani rupee's downward spiral continued on Wednesday for the third consecutive day as it plunged by Rs4 against the greenback and was being traded at Rs226.51 in the inter-bank market, according to The Express Tribune/Reuters. The rupee fell 2% on Monday, and 3% on Tuesday, despite last week's staff level agreement reached with the International Monetary Fund (IMF) that would pave the way for a disbursement of $1.17 billion under resumed payments of a bailout package. Page 19