Iceland News

Billionaire businessman Sir Philip Green is looking to invest up to A 2 billion to save troubled Icelandic retailing group Baugur.

Treasury officials have been sent to Reykjavik to repatriate the cash invested by councils and other public bodies Robert Watts Friday is party night in the Icelandic capital of Reykjavik and not even the ...

Government seizes control of the country's largest bank while urging savers not to stampede to withdraw cash The Icelandic government seized control of the country's largest bank, Kaupthing, yesterday as its ...

Iceland made significant progress Saturday in resolving a clash with Britain over funds frozen in the online bank Icesave, while reaching a deal with the Netherlands to reimburse Dutch depositors.

THE devastating effects of the Icelandic bank collapse spread into all corners of British life yesterday, with charities, health trusts and even one Scottish fire and rescue service revealing they had all lost ...

CANCER CENTRE 'COULD LOSE 7.5M' A cancer centre has 7.5m tied up in Icelandic banks Saturday October 11,2008 One of the UK's leading cancer treatment centres has revealed it could lose 7.5 million as more ...

For a time in 2007, one dollar netted just 58 Icelandic krona . As of early this month, one dollar grew to equal 105 krona.

ICELAND might be called the first national casualty of the global financial tumult.

As this tiny, volcanic nation in the middle of the North Atlantic finds itself cut off from the outside world, Icelanders are wondering who, if anyone, will sail to their rescue.

Oct. 10 - Angry Icelanders have staged a protest outside the central bank in Reykjavik over the way the economy has been run.

Britain is sending a delegation of officials to Iceland to resolve a dispute over British savings in Icelandic banks, a Treasury spokesman said Friday.

An Icelandic biotechnology company on Wednesday will begin offering a new genetic test to assess a woman's risk for the most common forms of breast cancer, reigniting concern about the proliferation of ...

Iceland's financier-Vikings made their homeland trendy and wealthy - until the banking crisis left it with crippling debts Roger Boyes The doughty Icelanders know that they have only squatters' rights on their ...

Anti-terror powers used to seize British cash from Iceland bank as it is revealed the country's financial system is 35bn in debt By Steve Doughty and Caroline Grant Last updated at 1:25 PM on 09th October 2008 ...

REYKJAVIK, Iceland : People go bankrupt all the time. Companies do, too. But countries? The global financial crisis has laid waste to some major banks and other financial institutions in the United States and ...

Iceland plunged further into financial turmoil - and muddled into a diplomatic spat with Britain over its handling of the crisis - on Wednesday as the country's third-largest bank went into receivership and the ...

A biotech company today will begin offering the first genetic test to assess a woman's risk for the most common forms of breast cancer, reigniting debate about the growing number of unregulated genetic tests.

Near-bankrupt Iceland's 4bn loan from Russia is still not a done deal. Iceland's central bank Governor David Oddsson says that talks are still "ongoing" but that any aid from Russia would be "very much ...

More than 200,000 British investors in the Icelandic internet bank Icesave were today unable to make any deposits or withdrawals from their accounts.

Iceland's central bank said it's in international talks to stem the financial crisis that forced the bailout of Glitnir Bank hf and a run on the currency.