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New York gold futures fell 1.00% during the day and are now trading at $3,156.20 an ounce.On May 15, WTO Director-General Ngozi said in an interview at the end of her visit to Tokyo this week that despite the recent easing of the tariff war between the United States and China, global trade is still in crisis. Japanese officials privately expressed concerns that the hastily reached US-UK trade agreement this month may encourage countries to consider reaching bilateral agreements for self-interest, challenging the principle of equality of "most-favored-nation treatment" that underpins the WTO system. When asked whether this trading model would undermine this principle, Ngozi said there was such a risk. She said: "This is why we have told WTO members that are engaged in bilateral negotiations that they should strive to be as consistent as possible with WTO regulations."New York silver futures fell 1.00% on the day and are now trading at $32.12 per ounce.On May 15th, at the "Rising Tide in Hong Kong, Gathering Momentum for Win-Win Cooperation - Special Seminar on the Integrated Development of the Shenzhen-Hong Kong Capital Market and Listing in Hong Kong", Lu Chenjian, Vice President of the Global Listing Services Department of the Hong Kong Stock Exchange, said that from 2014 to 2024, Hong Kongs IPO cumulative fundraising will lead the world, reaching US$303 billion, surpassing Nasdaq and the New York Stock Exchange; in addition, new economy and technology companies have led the Hong Kong IPO market in recent years. From 2014 to 2017, the top five industries with the highest proportion of IPO fundraising were finance, consumption, utilities, healthcare, and information technology, while from 2018 to 2024, the top five industries were information technology, consumption, healthcare, real estate and construction, and finance.APEC policy director: US tariffs affect not only trade in goods, but also trade in services and financial markets.

U.S. CFTC chairman says met with former FTX chief 10 times over clearing application

Skylar Shaw

Dec 02, 2022 16:11

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Rostin Behnam, the head of the U.S. Commodity Futures Trading Commission (CFTC), revealed to lawmakers on Thursday that he had 10 meetings with Sam Bankman-Fried, the former CEO of FTX, to go over the firm's clearing house application.


Behnam claimed that over the course of the previous 14 months, he and his team met with Bankman-Fried and his FTX team ten times in addition to follow-up calls and mails.


He stated during a Senate inquiry into the FTX collapse, "We were doing what we were required to do by law."