Bloomberg US fast-food giant Yum! Brands Inc. plans to refranchise its KFC restaurant business in Turkey as part of a global shift away from owning its own outlets. KFC Turkey will increasingly grow through its franchisees, the Louisville, Kentucky-based company said in an e-mailed response to questions, without providing details. Yum, which also owns the Pizza Hut and Taco ...

  Santiago / AFP Qatar Airways bought a 10-percent stake in LATAM, the largest airline in Latin America, the Chilean-Brazilian company said. The investment, first announced last July, amounts to 60.8 million shares at a price of $10 each, LATAM said in a statement. The airline — the product of a 2012 merger between Chile’s LAN and Brazil’s TAM — ...

  Bloomberg The board of India’s central bank approved the move to ban high-denomination notes less than three hours before Prime Minister Narendra Modi announced the decision in a televised address to the nation. Information on how many members favored or opposed the move isn’t ‘on record,’ the Reserve Bank of India said in response to queries from Bloomberg News ...