CNBC to close Hong Kong operations, scrap international shows in major overhaul

US business television network CNBC is closing its Hong Kong office and pulling the plug on several flagship international daily shows as part of a major operational overhaul across Asia and Europe. The decision was communicated to staff on Wednesday in an internal memo from the company’s executive management. According to the memo seen by the South China Morning Post, the broadcaster’s management said it made “a number of very difficult decisions” after evaluating its international…