Briefing 22-07-2022

DSEX hits one-year low

Stocks extended the losing streak for an eighth consecutive day on Thursday, with the key index of the prime bourse hitting a one-year low, as nervous investors continued their sell-offs amid confidence crisis. Page 9

Biden to hold talks with Xi soon

US President Joe Biden plans to speak with his Chinese counterpart, Xi Jinping, by the end of the month at a moment of simmering tensions between the countries over Taiwan and trade. Page 17

Oil prices slump

Oil prices fell by more than $5.0 on Thursday after higher US gasoline stockpiles and an ECB rate hike stoked demand worries and returning oil supply from Libya eased supply concerns. Page 19