Kaupthing Bank changes to Arion Banki
Press release from Arion Banki: From yesterday, 21 November 2009, New Kaupthing Bank changed its name to Arion banki. The new name signals a new direc...
Business
Information and news on Business and Finance related issues
Telenor to launch billion dollar Indian mobile venture
Telenor, the Norway-based telecom provider, will soon strengthen its global operation with the addition of a new mobile service under the brand name U...
Denmark declares Nivea and Biotherm potentially dangerous
The Danish Consumer Council has declared that leading brands including Nivea and Biotherm skin products contain suspicious substances.
deCODE Genetics files for voluntary bankruptcy
(Press release) deCODE genetics Inc. (Nasdaq:DCGN) today announced that it has filed a voluntary petition for relief under Chapter 11 of the United St...
Denmark to impose sweet tax
Fatty foods and candy could soon be swelling the coffers of the Danish state by up to DKK 1.5 billion per year with the introduction of an ‘unhealthy ...
Finland approves Nord Stream pipeline
The Finnish government last week approved the proposal for the construction of the 1,220 kilometre Nord Stream natural gas pipeline which will be rout...
Congestion charges to be implemented in Helsinki
The City of Helsinki Board has voted 8-6 in favour of introducing congestion charges for the Finnish capital. The decision was made after the proposal...
Iceland lowers policy rate
The Monetary Policy Committee (MPC) has voted to lower the deposit rate (current account rate) by 0.5 percentage points to 9%. The maximum volume at w...