Bloomberg Yum! Brands Inc, the US fast-food giant that’s spinning off its China unit, plans to add more outlets with the likelihood of tripling its presence to about 22,000 stores in Asia’s biggest economy. Yum China already has 7,300 restaurants in the country – five per million people – and has the potential to triple that in the long ...

  Bloomberg Australia’s government sold its biggest-ever bond, raising A$7.6 billion ($5.8 billion) in a debut offering of 30-year securities. Yields on benchmark 10-year debt jumped to the highest since June. “The eventual size was slightly larger than we expected, but does show good demand,” said Roger Bridges, chief global strategist for rates and currencies at Nikko Asset Management’s Australia ...

Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, will eliminate about 1,340 jobs as part of a cost-cutting program that started in October 2014, according to a labor union. The move is part of a plan to pare about 12,000 roles by 2017, the Accord labor union, which represents the bank’s employees, said in a statement Wednesday. The job ...