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Yum Brands Sells Pizza Hut for $2.7B to LongRange Capital, June 17
Yum Brands sells Pizza Hut to LongRange Capital and Yum China for $2.7B, splitting operations as the brand faces declining sales.
IDBI Bank Surges 19% on Divestment Hopes, June 17
IDBI Bank stock surged 19% to Rs 90.36 on June 17 as government confirms divestment on track for FY27 amid privatisation hopes.
Yum Brands Strikes $2.7 Billion Pizza Hut Sale, Offloading International Operations for $1.5 Billion
Yum Brands has announced one of the biggest restaurant industry deals of 2026 by agreeing to sell Pizza Hut in transactions worth $2.7 billion. The move ends months of strategic review and allows the company to focus on its stronger brands, KFC and Taco Bell. The deal also gives Pizza Hut new owners with different…
Yum! Brands Sells Pizza Hut for $2.7 Billion, Authorizes $4B Buyback
Yum! Brands sells Pizza Hut for $2.7 billion to LongRange Capital and Yum China, authorizes $4 billion share buyback program. Deal closes Q3 2026.
Kingboard Surges 20.5% as $1.5 Billion Stake Sale Meets a Fifth Price Hike of 2026
Rarely does one stock get two reasons to rally at once. Kingboard just did. Kingboard Holdings stock surged 20.5% to reach HK$119.30 on June 17, 2026, after unveiling a large-scale stake monetization in its laminates subsidiary alongside a fresh round of product price increases. Kingboard’s shares ultimately closed up nearly 18% at HK$117.80, while sister…
Asian Stocks 0.8% Rise as Nikkei Nears Record Highs Ahead of Federal Reserve Interest Rate Decision
Asian stocks climbed about 0.8% on June 17, 2026, as investors looked ahead to the U.S. Federal Reserve’s latest interest rate decision. Japan’s Nikkei 225 moved closer to record highs, supported by strong technology shares and improving market sentiment. Traders across the region are watching for signals on future U.S. rate cuts and their impact…
Vedanta Stock Slumps 5% Again After Listing, Market Cap Falls Below ₹13,800 Crore
The stock of Vedanta Limited is once again under strong selling pressure. In the latest trading session, the stock slipped nearly 5% intraday, extending its recent downward trend after listing activity. We are seeing a clear wave of volatility in the counter. The most worrying signal for investors is the sharp fall in market capitalization…
Nikkei 225 Hits Record 70,000 on BOJ Rate Hike, June 17
Nikkei 225 hits 70,020 intraday after BOJ rate hike to 1.0% and US-Iran peace deal. Closes at 69,404, up 0.13%. AI and semiconductor stocks surge.
Telus Stock Offers 9.6% Dividend Yield as Analysts Target 23% Upside
Telus stock at $16.46 CAD offers 9.6% dividend yield with $20.27 analyst target, suggesting 23% upside potential.