Asian shares extended a rally in global equities that continues to defy concern over risks to economic growth and elevated interest rates. Oil surged on a supply cut from Saudi Arabia.
Economists and money markets are divided over which way Australia’s central bank will move Tuesday as lingering price pressures and recovering home prices suggest a hike may be needed while weaker activity and rising unemployment argue for a pause.
Saudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices.
In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the network.
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