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Russian envoy: A ceasefire in Ukraine is only possible if a strategy to resolve the conflict is reached.On May 15, Neuberger Berman strategists said in a report that the recent weakness of the US dollar appears to be a sign of cross-border investor flows. "These capital flows are likely related to the prospect of slower US economic growth, but may also coincide with the recovery of US risk assets." US risk assets rose as US dollar investors turned back to stocks from Treasury bonds. However, if non-US dollar investors took on more risks while staying away from the US market, there would be no capital flowing back into US dollar assets. This means that US stocks rose, but the US dollar remained weak. Neuberger Berman expects that the US dollar may fall further by 3%-5% against the euro and yen this year, but volatility is expected to increase.Wnorowski, an official of the Polish central bank, said that further interest rate cuts are possible in the future, most likely by 25 basis points. By the end of 2025, the benchmark interest rate will reach "4", while the current interest rate is 5.25%.On May 15th, Xidiwei stated on the interactive platform that in 2025, some of the companys chip products have been shipped to AI glasses customers, but the sales volume and amount account for a small proportion. Please make rational judgments and pay attention to investment risks.Polish central bank official Wnorowski: Interest rates may be lowered in July or autumn, depending on the central banks inflation forecast. Interest rates are unlikely to change in June.

Bankman-Fried says he will testify before U.S. House committee

Jimmy Khan

Dec 05, 2022 15:28

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Sam Bankman-Fried, the founder of FTX, announced on Twitter on Sunday that he would appear before the House Financial Services Committee once he had "learned and reviewed" the circumstances surrounding his cryptocurrency exchange's spectacular collapse.


As part of its investigation into the demise of FTX, the U.S. House Financial Services Committee intends to hold a hearing in December. Participants are expected to testify, including founder and CEO Bankman-Fried.


Bankman-Fried was invited by Committee Chair Maxine Waters last week to take part in the panel's hearing on December 13.


The founder and former CEO of FTX replied to Waters, saying, "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain."


Bankman-Fried added that he wasn't certain whether that would occur prior to December 13.

After his company's collapse stunned investors and left creditors facing losses totaling billions of dollars, he rejected claims of fraud in several interviews last week.


After a week in which a potential merger with rival cryptocurrency exchange Binance fell through, Bankman-Fried was accused of diverting customer deposits to FTX's associated trading firm Alameda Research, and the exchange saw withdrawals of about $6 billion in just 72 hours, FTX declared bankruptcy in November.


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