Electricity agreement signed between Yemen and Iceland
Yemen’s General Corporation for Electricity and Iceland’s Reykjavik Energy Invest company signed a new agreement on Sunday, according to reports by Sa...
Business
Information and news on Business and Finance related issues
UK hedge fund reported to Icelandic and UK authorities
The Financial Services Authorities (FSA) in the UK and Iceland have been warned about a London-based hedge fund which disapproved of a British profess...
FL Group to publish first quarter 2008 results early May
The International Investment company FL Group is to publish first quarter 2008 results on the 8th of May. A presentation for shareholders and market p...
UK hedge fund denies ‘attack’ on Icelandic market
Lansdowne Partners, one of the four hedge funds named by Chairman of Kaupthing Bank for the recent ‘attack’ on the Icelandic market, has denied the ba...
Glitnir boosts liquidity through European restructuring
Nordic bank Glitnir will release up to 1 billion Euros ($1.6 billion) in liquidity when it exits its commercial property financing business based in L...
Iceland tackles inflation with interest rate rise
The Central Bank of Iceland announced this morning that it would raise its policy interest rate by 0.5 percentage points to 15.5%. Previously Iceland ...
Actavis buys Chinese API manufacturing firm
Actavis, a leading generic pharmaceuticals company, has acquired a 90% share in Zhejiang Chiral Medicine Chemicals Company in China for an undisclosed...
Styrkur Invest holds a 39.05% stake in FL Group
After Baugur Group’s changes today, Styrkur Invest now holds 39.05% of shares in FL Group. According to Styrkur Invest spokesman and its CEO, Ei...