Iceland Business News

We foresee that the consortium will send to Iceland a total of $US6 billion in aid." It listed Poland's contribution at $US200 million and said the loan's conditions will be established through negotiations between Iceland and the IMF. Iceland has...

Iceland's economic woes keep getting worse, observers say, noting the country's banks have failed and its currency has plummeted in the last month...The newspaper reported inflation in Iceland is at 16 percent and rising. The krona, a year ago, was...

The two-year loan, accompanied by quarterly reviews, was designed "to support the country's program to restore confidence and stabilise the economy," the IMF said in a statement. It was the first time a country in Western Europe had secured a...

Iceland said on Sunday it had agreed with several European Union states how to repay thousands of foreign savers with money in frozen Icelandic accounts, potentially unlocking billions of dollars in aid. Conflicts over the accounts between Iceland, not a...

Iceland and the International Monetary Fund are now close to an agreement on an IMF credit for the country, as objections by Britain and The Netherlands are being resolved, the Icelandic prime minister said Friday. "We are moving toward an...

Hundreds of Icelanders stormed the country's central bank Monday demanding the sacking of the governor they blame for the country's economic collapse. The demonstrators banged on the glass doors of the central Reykjavik building demanding to be let in.

Iceland — Police have fired pepper spray at hundreds of protesters who stormed a police headquarters in Iceland. Police say several of the demonstrators were injured and sent to a hospital. The clash occurred Saturday in Reykjavik, Iceland's capital, as...

The UK government has gained extra leverage in its efforts to ensure that British savers with deposit accounts in crisis-hit Icelandic banks receive all their money back. The European Commission confirmed yesterday that Iceland’s Prime Minister Geir Haarde has formally...

He has just bought a 28% stake in Moss Bros for £6.7m ($10.1m) from the troubled Icelandic investment group, Baugur. Sir Philip said he would consider bidding "in the next couple of days"...Fashion interests The purchase of the stake in...