DETROIT: More than 49,000 members of the United Auto Workers walked off General Motors factory floors or set up picket lines early Monday as contract talks with the company deteriorated into a strike Workers shut down 33 manufacturing plants in nine states across the US, as well as 22 parts distribution warehouses GM has budged little in months of talks while GM GM, -054% said it made substantial offers including higher wages and factory investments It’s the first national strike by the union since a two-day walkout in 2007 that had little impact on the company UAW Vice President Terry Dittes, the union’s top GM negotiator, [...]

KATHMANDU: Nepal Rastra Bank (NRB), the central bank in the country, is set to sell its 1,729,989 units of shares in the Nepal Stock Exchange (Nepse) Ltd Issuing a notice today, the bank said that it is selling its Nepse shares at an auction for Rs 1,032 per unit as per the NRB Act Interested banks, financial institutes and share traders can submit a sealed application to the NRB fiscal management department to pursue the purchase by August 19, said the notice Nepse has 5866 percent government investment, 3460 percent of the central bank, 612 percent of the NIDC Capital and share brokers have their 062 investment in [...]