Crypto News: US election enters the final stretch

Good morning, it's Ben here on a warm Canberra morning. Here's what's making headlines today.

Today's must-reads:
• Harris, Trump make final case to voters
• PwC Sydney office searched by police
• Macquarie quants pick Vauban in Melbourne Cup

The US presidential election is about to draw to a close, with Vice President Kamala Harris and former President Donald Trump heading to the crucial swing state of Pennsylvania to make their final case to voters. Polls and betting markets show a dead heat between the two candidates, with some concerned a final outcome could take days to be known. You'll be able to follow all the results on Bloomberg.com from Wednesday morning, Australia time.

Australian Federal Police combed through PwC Australia's Sydney office on Monday as part of an ongoing investigation into the firm's tax scandal. Chief Executive Kevin Burrowes had warned partners to expect a law enforcement presence at the site to examine files as part of the inquiries, according to a PwC spokeswoman.

Mineral Resources founder Chris Ellison will step down as managing director after an internal probe into undeclared payments found he had engaged in "profoundly disappointing" conduct, with the news wiping as much as A$800 million off the company's market value.

Chris Ellison Photographer: Fairfax Media/Fairfax Media

Macquarie Group's quants are predicting Vauban as the winner of the Melbourne Cup on Tuesday, after the firm correctly called the winning horse in last year's race. Vauban is their favorite, after the firm applied its traditional method that's been in use since 2007. Macquarie's artificial intelligence-inspired pick is Sea King.

Australia's plan to re-list New Zealand government bond futures next year faces major challenges due to concerns about limited liquidity and lack of trading transparency, according to the nation's securities exchange.

Anglo American has agreed to sell a A$1.6 billion stake in one of its Australian coal mines, boosting the company's efforts to execute its turnaround strategy.

The Australian government is planning to expand its payments to retain soldiers in the military as part of a strategy to boost overall defense personnel to around 100,000 by 2040.

US stocks struggled for direction on Monday, bonds rose and the dollar fell, with polls continuing to depict a tight race in the presidential election ahead of the Federal Reserve decision. The S&P 500 fell 0.1%, the Nasdaq 100 wavered and the Dow Jones Industrial Average dropped 0.5%.

Former President Donald Trump has made raising tariffs the centerpiece of his campaign for reelection. One consequence of his promised crackdown on imports deserves closer attention. The costs would fall disproportionately on workers and consumers in Trump-supporting states, writes Bloomberg's Editorial Board.

Former US President Donald Trump. Photographer: Christian Monterrosa/Bloomberg

China's top legislative body reviewed a proposal to transfer some off-balance-sheet debt of local governments to their official accounts, aiming to ease their financial burden in a move foreshadowed by officials.

Ukraine's government said it engaged North Korean troops for the first time since they were sent into Russia's Kursk region on the border in a deployment Western partners have called an escalation of the Kremlin's war.

Billionaire Gautam Adani's power generation unit is stepping up pressure on Bangladesh as it seeks to recover more than $850 million of unpaid electricity bills, according to people familiar with the matter.

All times Sydney
• 2:30 p.m.: Reserve Bank of Australia to announce case rate decision, release statement of monetary policy

Singapore Airlines is introducing first class on its ultra-long haul flights for the first time as part of a sweeping S$1.1 billion upgrade to its cabin products. Singapore's flag carrier, already routinely ranked as the world's No. 1 airline with its generous pourings of champagne and ability to book the cook and order lobster, unveiled its fresh and completely redesigned first and business class seats — with all-new privacy doors — on Monday.