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Regional governor: A thermal power plant in Kherson, Ukraine, has suspended operations following Russian attacks.The onshore yuan closed at 7.0690 against the US dollar at 16:30 on December 4, down 29 points from the previous trading day.Germanys construction PMI for November was 45.2, compared to 42.8 in the previous month.On December 4th, the World Gold Council stated that gold experienced a remarkable 2025, hitting over 50 all-time highs and yielding returns exceeding 60%. This performance was supported by a combination of heightened geopolitical and economic uncertainty, a weaker dollar, and positive price momentum. Investors and central banks increased their gold allocations, seeking diversification and stability. Looking ahead to 2026, geopolitical and economic uncertainties will influence golds outlook. Gold prices broadly reflect consensus expectations for the macroeconomy, and if the current situation persists, prices are likely to remain range-bound. However, based on this years performance, 2026 could continue to be surprising. If economic growth slows and interest rates fall further, gold could see modest gains. Gold could perform strongly during a more severe economic downturn characterized by increased global risks. Conversely, if the Trump administrations policies succeed, accelerating economic growth and reducing geopolitical risks could lead to higher interest rates and a stronger dollar, thus pushing down gold prices. Other factors, such as central bank demand and gold recycling trends, could also influence the market. Most importantly, golds role as a source of portfolio diversification and stability remains crucial in a volatile market.ECB Executive Board member Cipollone: We expect the savings rate to decline, and if this does not happen, action will be needed.

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.

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