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Carrefour Brazil unit rises after Makro deal

Bloomberg Carrefour SA’s Brazil unit rallied as investors cheered the French retailer’s move to accelerate the expansion of its cash-and-carry business in Latin America’s largest economy. Shares of Atacadao SA rose as much as 6.2% in Sao Paulo on February 17, the most in more than two months, after it agreed to buy 30 cash-and-carry stores and 14 gas stations ...

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Conagra cuts forecast on softer sales across food categories

Bloomberg Packaged-foods maker Conagra Brands Inc cut its sales and earnings forecast, blaming a slowdown at restaurants over the holiday season and subsequent weakness at retailers in January. The Chicago-based company now anticipates organic sales to be flat or to grow only 0.5% in the fiscal year that ends in three months, a reduction from its prior growth forecast of ...

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UAE’s Barakah nuclear plant’s unit 1 to begin operations

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), the UAE’s independent nuclear regulator, on Monday announced it has granted Nawah Energy Company the operating licence for Unit 1 of the Barakah Nuclear Power Plant, making the UAE the first country in the Arab region to operate a nuclear power plant. In a press conference in Abu Dhabi, ...

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