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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...
Source: Reuters | 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...
Source: Reuters | 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...
Source: Reuters | 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...
Source: Reuters | By: Alwyn Scott
CFM sells 2,154 engines in 2015

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. It also said it produced 1,638 CMF56 engines in 2015.. 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...
Source: Reuters
UPDATE 2-India says no rush on GM food but will not stand in way of science

*India needs to raise productivity, he adds. NEW DELHI, Feb 5- India needs more data before deciding whether to permit commercial growing of its first genetically modified food crop, its environment minister said on Friday, but indicated it would not stand "in the way of science" despite protests. India spends billions of dollars every year importing edible oils and...
Source: Reuters | By: Mayank Bhardwaj
Why pensions are the new flashpoint in Greece's crisis

For debt-hobbled, unemployment-plagued Greece, it's a nightmare. Unions are up in arms about the move, which has become the main hurdle in Greece's negotiations with its European creditors and the International Monetary Fund. The head of Greece's bar associations, Vassilios Alexandris, said the new system would reduce some lawyers' net incomes to as little as...
Source: The Associated Press | By: By NICHOLAS PAPHITIS, Associated Press
Bread, meat and a blame game: food prices fuel Turkish inflation

ISTANBUL, Feb 5- Standing amid a jumble of food stalls in an Istanbul market, 61- year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Global food prices have fallen to their lowest in nearly seven years, but Turkey has consistently struggled with food costs overshooting headline inflation-...
Source: Reuters | By: Asli Kandemir
North African drought threatens efforts to cut spending, boost growth

RABAT, Feb 4- Abnormally dry weather across North Africa is threatening to become another financial headache for Morocco and neighbouring Tunisia and Algeria, just as each seeks to spur more economic growth and cut public spending. Rising food import costs would come at a delicate time, as Morocco faces protests over austerity measures, Tunisia struggles to...
Source: Reuters | By: Aziz El Yaakoubi
France's Safran braces for steepest ever jet engine output hike

*Safran, GE plan to build 2,000 LEAP engines a year by 2020. VILLAROCHE, France, Feb 3- Airplane orders may be slowing this year, but jet engine makers are ramping up production with a large chunk of the industry's profits riding on the flawless operation of a high-tech factory in the French countryside. Their CFM International joint-venture controls three...
Source: Reuters | By: Cyril Altmeyer and Tim Hepher