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...
Business
Information and news on Business and Finance related issues
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...
Icelandic government officials and stakeholders meet
According to Icenews sources, a major announcement can be expected early Monday and MBL.is just reported that Icelandic government officials, represen...
Savers in the UK should not be nervous, Icelandic banks are solid
In and Interview with the BBC on Saturday, Tryggvi Herbertsson, economic adviser to the Icelandic Prime Minister said the government could and would s...
Kaupthing to buy Landsbanki
Local media DV.is reported today that, according to their sources, Kaupthing bank would buy Landsbanki with the back-up of the Icelandic government. A...
Volvo puts first hybrid bus on the streets
Volvo, the Swedish auto-making legend, has released the world’s first commercial hybrid bus. The Volvo 7700 has both a traditional diesel engine and a...