SEOUL Hyundai Motor Co (005380.KS) has reached a tentative wage deal with its South Korean labor union, a union spokesman said on Thursday.
Should the union approve the deal in a vote on Monday, Hyundai, the world's fifth-biggest carmaker along with affiliate Kia Motors (000270.KS), should avoid further production losses. It had suffered a series of partial strikes.
(Reporting by Hyunjoo Jin; Editing by Michael Urquhart)
South African parliament opposes calls to change central bank mandate
JOHANNESBURG, June 23 The South African parliament will launch a court challenge against an anti-graft watchdog's recommendation of constitutional changes to alter the mandate of the central bank, it said.