Luxury electronics company losing out to lower prices
Bang & Olufsen, the Danish manufacturer of stylish, top-end stereo systems and televisions, is losing ground to companies like Sony and Samsung, w...
Roskilde shares slide after Danish central bank bailout
Denmark’s first bailout by its central bank in over 15 years came to the rescue of Roskilde Bank A/S on the back of bad loans made to home builders. S...
Central Bank of Sweden raises rates
The Riksbank, Sweden’s central bank, has raised the interest rate to 4.5 per cent, it’s highest in 12 years, and has suggested it could go higher. The...
Icelandic krona on the rebound
Glitnir Bank today reported that the Icelandic krona (ISK) has appreciated by 9% during the past fortnight, following a slump to an historical low lev...
Sweden swallows higher food prices easily
Food prices across the globe have been increasing this year and even the wealthy nation of Sweden has been affected. National Geographic News recently...
Icelandic economy will avoid recession says IMF
According to a recent forecast from the International Monetary Fund, Iceland’s economic growth in 2008 will be higher than the IMF had predicted in it...
Iceland can avoid recession says PM
The Prime Minister of Iceland, Geir Haarde, said the economy could evade a recession forecast by the Ministry of Finance and the Icelandic Central Ban...
Iceland interest rates unchanged
The Central Bank of Iceland’s board of governors met last week to consider the country’s interest rate and announced that the current rate of 15...