Hyundai Motor’s union in South Korea votes to strike

Hyundai Motor’s unionised workers in South Korea voted for possible strike action after talks with the company over wage increases and an extension of the retirement age stalled, the automaker’s union said on Monday.   The union, one of the biggest in the country with more than 43,000 members, said that almost 90% of its […]

As US moves towards faster stock settlement, where are other countries?

The U.S. Securities and Exchange Commission adopted a rule in February 2023 to shorten the settlement cycle for securities transactions from two business days after the trade to one, beginning on Tuesday. Dubbed T+1, the move, which spans equities and corporate bonds, is expected by regulators and market participants to bring several benefits such as […]

Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and more

Chubb — The property and casualty insurer gained nearly 6% after Berkshire Hathaway revealed it has bought nearly 26 million shares of Zurich-based company for a stake worth $6.7 billion. Chubb became Berkshire’s ninth biggest holding at the end of March, according to a new regulatory filing. AST SpaceMobile — Shares rocketed 33%. AST SpaceMobile announced a commercial agreement with AT&T […]