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Business

China’s LeEco plans to sell US$420mil Beijing real estate

TAIPEI: Chinese tech conglomerate LeEco is in talks to sell a prized property asset in the heart of Beijing it acquired in a US$420mil deal last year, the latest effort by the electric car-to-smartphone behemoth to raise funds amid a severe cash crunch.

World

U.S. grants second Airbus licence to sell planes to Iran

WASHINGTON (Reuters) - The United States said on Tuesday it had issued a second licence to France's Airbus to sell commercial planes to Iran Air, bringing Iran's flag carrier a step closer to receiving new Western jets under last year's deal to ease sanctions.

TECH

Facebook expands reach with buy-and-sell ‘Marketplace’

Facebook launched a “Marketplace” trading platform that lets users of the vast social network buy and sell goods with each other in a mighty challenge to the likes of eBay and Craigslist.

Business

Philips to sell at least 25% of lighting arm in IPO

AMSTERDAM: Philips plans to sell at least 25% of its lighting business, the world’s largest maker of lights, on the stock market to focus on its larger medical equipment operations, it said.

Business

Shell CEO says may sell some North Sea assets to improve portfolio

PERTH: Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, CEO Ben van Beurden said on Tuesday, part of a two-year programme to help finance its purchase of gas major BG Group.

Business

Indonesia's Garuda shelves plan to sell part of Citilink stake

National flag carrier PT Garuda Indonesia has decided to defer its plan to sell its stake in Citilink, its low-cost carrier subsidiary, due to the latter's low valuation, the company's president said .....

TECH

Apple in talks to sell iPhone in Iran: report

Apple is in preliminary talks to sell the iPhone in Iran, if sanctions are eased on the Middle East nation, the Wall Street Journal reported Wednesday.

Business

UK may extend trading plan to sell more Lloyds shares

LONDON: Britain is considering selling more shares in Lloyds Banking Group by extending a trading facility beyond the current deadline at the end of June, people with knowledge of the matter said.

Nation

Why is Finance Ministry now seeking an agent to sell consulate building in Hong Kong, asks Wee

PETALING JAYA: The Finance Ministry has been asked why it is now looking for an agent to sell the Malaysian consulate building in Hong Kong instead of using an open tender method.

World

'We only want to sell our oil,' Iran official says before nuclear talks

VIENNA (Reuters) - Iran's main demand in talks on its nuclear deal is to be able to sell its oil at the same levels that it did before Washington withdrew from the accord a year ago, an Iranian official said on Thursday.