Briefing 2022-10-01
Saturday, 1 October 2022
Stocks back in red on sell-offs
The stock market returned to the red this week to Thursday amid high volatility, after a single-week break, as wary investors moved to the sidelines after locking in profits from major sector issues. Of the five trading days this week, the first three sessions suffered losses while the last two managed to close marginally higher amid choppy trading. Page 9
US reacts on Russia claims in Ukraine
US President Joe Biden vowed Thursday to "never, never, never" recognize the results of Russian-led referendums in Ukraine, which he called a "flagrant violation" of international principles. "I want to be very clear about this. The United States will never, never never recognize Russia's claims on Ukraine sovereign territory," Biden said as he met Pacific Island leaders in Washington. Page 12
Asia Cup: Tigresses face Thailand today
The Bangladesh Women's Cricket team vowed to make a winning start in a bid to defend the Asia Cup title as they take on Thailand today (Saturday) at Sylhet International Cricket Stadium Ground-2. The match starts at 9am. spectators will enjoy a free entrance to the stadium. Page 17
Oil heads for weekly gain
Oil prices were on track for their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell by 24 cents, or 0.27%, to $88.25 a barrel by 1236 GMT. The more active December contract was down 79 cents at $86.39. Page 19