Luxembourg

SA’s debut sukuk to be at least $500m

JOHANNESBURG (Reuters) – The South African government plans to raise at least $500 million in its first issue of Islamic bonds, a Treasury official indicated on Thursday. “South Africa is looking to issue a benchmark-size sukuk and the tenor will be in line with other sukuk transactions in the market,” Tshepiso Moahloli, director of debt issuance and management, told … Read more

Weaker iron ore price lowers Mittal outlook

While market disappointment in the latest results (for the half-year), and the reduced outlook, of global steel producer and coal and iron ore miner ArcelorMittal is reflected in the dip in the share price, it should come as no surprise. The average international price for iron ore has been slipping to such an unexpected extent … Read more

Bad weather likely cause of Air Algerie crash

PARIS (Reuters) – Poor weather was the most likely cause of the crash of an Air Algerie flight over the West African state of Mali with 116 people on board, French officials said on Friday. Investigators at the scene of the crash had concluded the airliner broke apart when it hit the ground, the officials said, suggesting … Read more

FIFA wipes Belgium’s win after 7 subs used

FIFA says it wiped Belgium’s 5-1 win against Luxembourg from the record books because coach Marc Wilmots used too many substitutes in the World Cup warmup match. FIFA rules allow a maximum of six substitutes in friendlies, and Wilmots used seven. Forward Romelu Lukaku’s hat trick and Manchester United winger Adnan Januzaj’s international debut in … Read more

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