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05.02.26 - 06:37
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KFC, Pizza Hut operator Yum China accelerates expansion amid ′early signs′ of spending thaw (SCMP)
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Yum China Holdings, operator of the KFC and Pizza Hut chains across mainland China and Hong Kong, plans to rev up store expansion this year after its fourth-quarter earnings beat analysts' estimates.
The fast-food behemoth aimed to add 1,900 new outlets in 2026, bringing the total to 20,000, after it opened 1,706 new stores in 2025, said Adrian Ding, chief financial officer.
The company was inviting more investors to open franchise stores, which would account for 40 to 50 per cent of new outlets......
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05.02.26 - 05:24
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Silver Crashes 20% As China Opens, Gold & Bitcoin Also Plunging (ZeroHedge)
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Silver Crashes 20% As China Opens, Gold & Bitcoin Also Plunging
On the heels of today's momentum collapse in the US, Silver prices have puked almost 20% in a matter of hours after Asian markets opened...
...erasing the rebound gains of the last three days...
The overall decline from when Trump's announcement of Warsh's nomination as the next Fed Chair is now back up to 40%.
“Sentiment seems to have turned soggy across most asset classes, including regional equities and metals,” said Christopher Wong, a strategist at Oversea-Chinese Banking Corp Ltd.
“This underscores fragile sentiment” and has created “a feedback loop amid thin market liquidity,” he said.
Spot Gold prices are also down (around 4-5%), with $5000 seemingly acting as serious resistance...
There's no obvious specific catalysts for the decline in precious metals for now but Goldman Sachs does note that data suggested that Chinese speculators may have played a minor role in the recent volatility (until now).
The ti...
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