Key TakeawaysUS Government Shutdown Looms with No Back Pay for Furloughed Workers: A draft White House memo indicates that furloughed federal employees may not receive back pay after the current government shutdown, reversing established policy and a 2019 law, intensifying pressure on Congress.RBNZ's Aggressive Rate Cut Boosts AUD/NZD: The Reserve Bank of New Zealand unexpectedly cut its Official Cash Rate by 50 basis points to 2.50%, sending the AUD/NZD currency pair to a three-year high as the Australian ...

By Amy Lv, Dylan Duan and Ryan Woo BEIJING (Reuters) -China, the world's biggest copper smelter, is studying ways to strengthen regulation on the expansion of smelting capacity, a state news outlet said on Thursday, as record low processing fees have curbed profits. Chen Xuesen, vice chairman at the China Nonferrous Metals Industry Association, was quoted as telling a meeting on Wednesday that low concentrate processing fees were the "most prominent" problem the industry faces. The fees that miners pay ...