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Jinse Finance reported that on May 13, Iraq and Pakistan respectively signed agreements with Iran to transport oil and liquefied natural gas from the Gulf region. According to the agreements, Iraq ensured the safe passage of two Very Large Crude Carriers, which passed through the Strait of Hormuz on May 10, each carrying about 2 million barrels of crude oil. Under another bilateral agreement between Pakistan and Iran, two tankers loaded with Qatari liquefied natural gas are heading to Pakistan. Sources said that neither Iraq nor Pakistan has made any direct payments to Iran or its Islamic Revolutionary Guard Corps for transit arrangements. (CCTV News)

Previously, after a two-day marathon negotiation mediated by South Korea's labor department collapsed, the union and management remained deeply divided over performance bonuses tied to the significant profits from artificial intelligence. The union demanded that Samsung remove the current bonus cap, allocate 15% of operating profit to employee bonuses, and incorporate these terms into the labor contract. Samsung proposed allocating 10% of operating profit for bonuses and offered a one-time special compensation package above the industry standard. Company executives stated that the union’s demands would be difficult to sustain in the long term.

The coupon rate for the preferred shares issued this time is set at 6.875%, with a par value of $25.00 per share.