Overseas creditors might have to accept losses
Foreign bondholders hoping to recoup their full investments in Iceland’s three collapsed banks will be eyeing the new government nervously. Anti-auste...
Swede’s faith in Euro hits rock bottom
Troubles in Europe with the single currency have left a crisis of confidence as other European nations lose faith in ever adopting it as a currency. I...
Risk in removing Iceland’s capital controls
Capital controls introduced in the wake of the 2008 financial crisis are becoming increasingly difficult remove due to the swelling amount of money he...
Danish government lowers corporate tax
Welcome news for investors is a decision by the Danish government to lower corporate and other business taxes gradually over the next three years.
Arctic Council Ministerial Meeting to take place in Kiruna
On 15 May 2013 the Arctic Council will hold its biennial Ministerial Meeting in Kiruna in the north of Sweden. Approximately 300 people – ministers, d...
74 more jobs to go at Sonera
After months of deliberating, telecommunications firm Sonera finally announced its decision to reduce its staff by 74. Initially, talks were on since ...
Kaupthing’s top bosses indicted over rigging
Kaupthing bank that collapsed during the great meltdown of 2008, is now in the news for other reasons. Nine senior executives, including former execut...
Straumur head fired over UK tax evasion report
Pétur Einarsson, the head of Reykjavik-based investment bank Straumur, has been dismissed following the release of a report stating that he evaded pay...