Baugur files for bankruptcy
The Icelandic investment company Baugur has filed for bankruptcy Dagens Industri reports. The company’s protection from creditors was cancelled ...
Copenhagen’s sexiest museum closing shop?
With the Copenhagen City Council pulling its funding this year and a group of private investors backing out of a pending deal, it looks like Copenhage...
Kaupthing seeks recognition of moratorium in the U.S.
PRESS RELEASE FROM KAUPTHING BANK: Kaupthing Bank hf. (the “Bank”) has on 30 November 2008 filed a voluntary petition under Chapter 15 of ...
The Japanese want the International Monetary Fund to start in Iceland
Reuters reports that according to Japan’s finance minister Shoichi Nakagawa Japan is ready to back up a bail-out plan for the struggling economi...