Cash-flush Argentine banks position for anticipated credit boom BUENOS AIRES, Feb 10- Argentine banks are gearing up for a potential lending boom that could push depressed private credit demand to a 16- year high, bolstered by the reforms undertaken by newly-elected President Mauricio Macri. An end to the 14- year standoff between Argentina and the lenders who refused to participate in the earlier debt restructuring could...
| By: Richard Lough
With restraint, YouTube rolls out original programming LOS ANGELES— Michael "Burnie" Burns hears a discrepancy. The streaming site is attempting to make some noise of its own with a crop of films and shows that will be exclusively available with YouTube Red, a subscription service the San Bruno, California- based company launched last October. Unlike the millions of other videos posted on the streaming site, "Lazer Team"...
Source: The Associated Press
| By: By DERRIK J. LANG, AP Entertainment Writer
No more Cardboard? Google plans new VR push Google is working on a new virtual reality headset to better compete with the likes of Facebook's Oculus Rift, according to the Financial Times.
| By: Christina Medici Scolaro
INTERVIEW-Iran hopes for agricultural boom post-sanctions DUBAI, Feb 8- Iran plans to turn itself into a major food exporter, hoping the lifting of sanctions will boost international trade and allow investment in the agricultural sector, an official in Iran's state grain buying agency said. Foreign business delegations have flocked to Tehran since the United States, European Union and United Nations lifted...
| By: Bozorgmehr Sharafedin
INSIGHT-In southern Africa, an illusion built on aid heralds hope and hunger *Malawi highlights perils of aid reliance without industrialising. LILONGWE, Feb 7- As she walks along a dirt road in central Malawi, Louise Abale carries her precious maize wrapped in a brightly coloured cloth and balanced on her head. Because of drought in Malawi and across southern Africa the grain has doubled in price in the space of a year, and now costs around...
| By: Ed Stoddard and Mabvuto Banda
UPDATE 2-CFM jet engine backlog hits $180 billion as sales rise Feb 5- Aircraft engine maker CFM International said its backlog hit a record $180 billion last year as sales of fuel-efficient jetliners rose despite low oil prices and weakening economies that have raised concern about an aviation slowdown. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog rose to 13,400 engines, including...
| By: Alwyn Scott
Bradesco closes in on Ita+¦ amid diverging Brazil outlook SAO PAULO, Feb 5- Itaú Unibanco Holding SA, Brazil's largest private-sector bank, has for years traded at a premium to rival Banco Bradesco SA but many investors are betting the gap will narrow amid sharply diverging outlooks from the lenders. With Brazil facing its longest recession in a century, the banks' share prices will depend on how they navigate a slew of...
| By: Guillermo Parra-Bernal
UPDATE 1-CFM jet engine sales top 2,150 in 2015 as growth booms Feb 5- Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog of LEAP engines, which power the Boeing 737 MAX and Airbus A320neo jetliners, now stands at more than 10,000 units...
| By: Alwyn Scott