Exclusive: China’s LeEco, Tesla wannabe, to sell Silicon Valley site amid cash crunch – sources

HONG KONG (Reuters) – Chinese technology conglomerate LeEco is looking to sell a 49-acre U.S. Silicon Valley property less than a year after buying it from Yahoo Inc, sources said, in what is the latest effort by the firm to ride out a cash crunch.

Turbulence ahead for Hong Kong’s flag carrier: Analysts

There will not be a big turnaround for Hong Kong’s Cathay Pacific this year, despite its best efforts to cut costs, analysts told CNBC.On Wednesday, Cathay Pacific reported its first annual loss since 2008 of HK$575 million ($74 million) in 2016, compared to a...

Turbulence ahead for Hong Kong’s flag carrier: Analysts

There will not be a big turnaround for Hong Kong’s Cathay Pacific this year, despite its best efforts to cut costs, analysts told CNBC.On Wednesday, Cathay Pacific reported its first annual loss since 2008 of HK$575 million ($74 million) in 2016, compared to a...