123 Stories, most recent news story added Thu Dec 10, 8:49 pm ET
(AP:REYKJAVIK, Iceland) Iceland's central bank on Thursday cut its key lending rate a full point to 10 percent. The seven-day collateral lending rate had peaked at 18 percent in October last year as Iceland's banking system collapsed under the strain of a global credit crisis.
Dec. 10 (Bloomberg) -- Iceland’s central bank cut its main interest rates to support the economy as households and businesses struggle to reduce debt burdens bloated by the island’s banking collapse.
DOWNTOWN LOS ANGELES - Dear Mayor AnVil, I’ve been observing your administration ever since you were elected. Heck, some might think I’ve been keeping a closer eye on it than you are. If you haven’t always been able to watch the Spring Street henhouse, I understand — I know that since July 1, 2005, you’ve had a lot of donors to meet and places to go, with travels to locales like Israel, Iceland ...
Dec. 7 (Bloomberg) -- Iceland’s opposition lawmakers agreed to stop blocking the passage of a foreign depositor bill that the country is relying on to mend relations with the U.K. and Netherlands and keep international bailout funds flowing.
Flint — The Durand/Lake Fenton hockey team suffered its first loss Saturday afternoon at Iceland Arena. Durand/Lake Fenton took a 1-0 lead into the final period, but Flint Kearsley erupted with four goals for a 4-1 non-league victory. The first-year co-op came into the game winning its two games.
Iceland's gross domestic product fell 7.2 percent on an annual basis in the third quarter and 5.7 percent from the second quarter, the government said.
DOWNTOWN LOS ANGELES - Dear Mayor AnVil, I’ve been observing your administration ever since you were elected. Heck, some might think I’ve been keeping a closer eye on it than you are. If you haven’t always been able to watch the Spring Street henhouse, I understand — I know that since July 1, 2005, you’ve had a lot of donors to meet and places to go, with travels to locales like Israel, Iceland ...
Dec. 1 (Bloomberg) -- Iceland won’t seek amendments to an accord with the U.K. and Netherlands obliging the island to cover depositor guarantees, paving the way for lawmakers to pass the bill this month, Finance Minister Steingrimur Sigfusson said.
REYKJAVIK, Iceland, November 23. THE Iceland Short Course Championships came to a close with five more national marks falling to the wayside. Arni Mar Arnason took down the national record in the m...
REYKJAVIK, Iceland, November 20. THE women's side of the Icelandic short course record book met the match in the first two days of swimming at the Iceland Short Course National Championships. Sigru...
Flint — The Fenton varsity hockey team is off to a good starting chapter in what they hope becomes a storybook season. The Tigers are off to a 2-0 start overall on the season after a 4-1 victory against Swartz Creek, Wednesday in the Metro League opener at Iceland Arena.
Iceland agreed on Oct. 19 to borrow 2.35 billion pounds ($3.92 billion) from the U.K. and 1.2 billion euros ($1.81 billion) from the Netherlands to cover depositors in the online bank set up by failed lender Landsbanki Island hf . The agreement must be ratified by Iceland’s parliament.
Iceland agreed on Oct. 19 to borrow 2.35 billion pounds ($3.92 billion) from the U.K. and 1.2 billion euros ($1.81 billion) from the Netherlands to cover depositors in the online bank set up by failed lender Landsbanki Island hf . The agreement must be ratified by Iceland’s parliament.
Iceland agreed on Oct. 19 to borrow 2.35 billion pounds ($3.92 billion) from the U.K. and 1.2 billion euros ($1.81 billion) from the Netherlands to cover depositors in the online bank set up by failed lender Landsbanki Island hf . The agreement must be ratified by Iceland’s parliament.
Iceland agreed on Oct. 19 to borrow 2.35 billion pounds ($3.92 billion) from the U.K. and 1.2 billion euros ($1.81 billion) from the Netherlands to cover depositors in the online bank set up by failed lender Landsbanki Island hf . The agreement must be ratified by Iceland’s parliament.
Nov. 20 (Bloomberg) -- Iceland’s financial regulator has identified at least 13 cases of cross-border banking malpractice that will lead to prosecution in a number of countries, the Financial Supervisory Authority said.
Open slideshowAFP/File
Open slideshowReuters
Open slideshowAFP/File
Open slideshowReuters
Open slideshowReuters
Open slideshowReuters