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Sources say that before the Russian attack, the Friendship pipeline carried both Ukrainian and Russian crude oil.As of 8:30 PM Beijing time, WTI crude oil futures rose 2.44%, and US natural gas futures rose 1.31%.On February 27, the Ministry of Ecology and Environment and the State Taxation Administration signed a Memorandum of Understanding in Beijing on the same day, titled "Memorandum of Understanding on Deepening Cooperation among Environmental Protection Tax Collection and Management Departments." This memorandum aims to further enhance cooperation between the two departments, continuously utilize taxation as an economic means to protect the ecological environment, promote green economic transformation, and serve the construction of a beautiful China. According to the memorandum, the Ministry of Ecology and Environment and the State Taxation Administration will further deepen cooperation in areas such as information sharing, tax collection and management services, routine review, and joint supervision. They will jointly guide local ecological and environmental protection and tax departments at all levels to deepen cooperation, continuously expand the depth and breadth of collaborative governance, and continuously promote efficient governance and high-quality development.Deutsche Bank downgraded Warner Bros. Discovery Inc. (WBD.O) from "Buy" to "Hold"; raised its price target from $29.50 to $31.February 27th - According to a joint survey by YouGov and Citigroup, public expectations for inflation in the UK declined in February, leading economists at Bank of America to believe that the Bank of England is likely to cut interest rates in March. They noted, "Our base case remains that a softening labor market, declining inflation, and slower wage growth should lead the Bank of England to cut rates in March." LSEG data shows that the market expects an 83% probability of a rate cut by the Bank of England in March.

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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