Will rates rise or fall? RBA offers no clues, focus on US vote
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.35% on Tuesday, a 13-year high, opting for a steady approach as global attention remains fixed on the US…
Economy
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Crypto prediction markets see Trump leading ahead of Harris on election eve
On the eve of the 2024 US presidential election, crypto prediction markets are abuzz with high-stakes bets, positioning Donald Trump narrowly ahead of Kamala Harris. Platforms like Polymarket and Kalshi,…
Harris victory may strengthen the yen while Trump win might depreciate it. Read why
As the US presidential election approaches, Japan’s markets are closely monitoring the potential impact on the yen and Tokyo stock market. According to a Bloomberg report, analysts suggest that a…
The ugly truth about home renovations: debt, regret, and DIY disasters
Amidst soaring housing costs, renovations are increasingly popular, but a new study reveals a troubling financial trend: a majority of homeowners are going into debt for renovations they later regret.…
Oil prices steady as traders wait for more cues from US election results
Oil prices traded flat on Tuesday as traders waited cautiously for the outcome of the US Presidential election later in the day. Oil prices had climbed sharply on Monday after…
OPEC+ extends voluntary output cuts till December end; oil prices climb
The Organization of the Petroleum Exporting Countries and allies on Sunday agreed to extend the voluntary production cut of oil by another month till the end of December. Eight members…
Asian stocks climb amid China’s economic moves and US election watch
Asian markets edged up on Monday as investors awaited signals from an upcoming meeting of China’s top policymakers, which is anticipated to introduce new fiscal stimulus measures. However, the potential…
Will Polymarket’s pro-Trump stance prove accurate? Founder Shayne Coplan weighs in
In the lead-up to the US presidential election, Polymarket—a prediction market founded by crypto enthusiast Shayne Coplan—has drawn attention for its notable pro-Trump betting trends. This platform has become a…
LATAM crypto update: Argentina advances token regulations, Brazil’s crypto imports surge 40%
This week in LATAM’s cryptocurrency landscape, Brazil continues to see an increase in cryptocurrency activity, with imports of digital assets reaching USD 1.4 billion in September, as Argentina moves forward…
OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output from December. OPEC+ and Saudi Arabia are scheduled to increase…