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Restaurant Brands scotches talk of buying Western Australian KFC stores

Restaurant Brands, which operates the local KFC, Starbucks, Pizza Hut and Carl’s Jr fast-food brands, has dismissed speculation it might be in the running to buy 40 KFC stores in Western Australia. The Auckland-based company has denied media reports that it might be looking at buying Competitive Foods’ KFC stores in Western Australia, it said in a statement to the …

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NZ dollar falls as doubts about pace of global growth saps risk appetite

The New Zealand dollar fell against most of its trading peers amid concern the US and Chinese economies may be stumbling, weighing on growth assets such as equities, the kiwi and Australian dollars. The New Zealand dollar fell to 83.89 US cents from 84.19 cents in late New York trading on Friday. The trade-weighted index slipped to 77.65 from 77.91. …

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