Business briefing: 25 Oct 2013

$1.9 million in gold found in plane toilet, plus other news

Economics and Policy

Iraq plans to sell bonds for the first time since 2006 as surging oil revenue pushes borrowing costs lower even as sectarian violence in the troubled nation escalates.

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European governments have taken preliminary steps to reimpose sanctions on Iran’s main cargo-shipping line, potentially complicating a new diplomatic push to settle the dispute over Tehran’s nuclear program.

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Companies and Business
France's market regulator has slapped a record $19 million fine on a Lebanese trader LVMH for insider trading surrounding the 2008 buyout of logistics company Geodis by France's national rail firm, SNCF.
The state-run Kafalat Corp., which provides subsidized loans to small and medium enterprises through Lebanese banks, is expected to see a slight drop in its profits at the end of the year due to fall in the value and volume of loans

Cleaners discovered 280 gold bars worth $1.9m inside a toilet after landing on a flyDubai flight from the emirate to Bangladesh.

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