Delegates from the UK Government in Iceland to talk finance crisis
Talks have started in Reykjavik about the fate of the UK’s Icesave savers and the Icelandic government is apparently willing to meet the obligat...
Business
Information and news on Business and Finance related issues
Protest over dismissal of lesbian editor of Finnish newspaper
The Alma Media newspaper group made its own news last week when it fired one of its recently-hired chief editors after learning she was a lesbian. Joh...
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...
This is against the law says UK’s prime minster Gordon Brown in a BBC interview
According to the UK Prime Minster, Gordon Brown in an Interview with the BBC earlier today “The Icelandic banks have failed not only the people of Ic...
Norway’s sovereign “oil fund” takes heavy hit
In a crippling ripple effect of the Wall Street market meltdown, Norway’s special “oil fund” may have lost nearly all of its profits garnered over the...
Statement by the Prime Minister of Iceland
The Icelandic government appreciates that the British authorities are willing to step in and respond to the immediate concerns of depositors of Landsb...
Denmark’s government creates bailout fund
In these times of economic uncertainty, Denmark has taken the pre-emptive step of creating a 35 billion kroner fund in conjunction with the country’s ...
The Icelandic financial supervisory authority takes over Glitnir Bank
Based on new legislation, the Icelandic financial supervisory authority (IFSA) has proceeded to take control of Glitnir Bank. The bank is now under th...