Iceland 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 biggest bank, Kaupthing, gave its staff loans to buy shares in the bank but took over their personal liability just days before the bank was nationalised in October, the new management said Wednesday. Kaupthing's staff, mainly management, had personal...

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...

In a boost to its Festival Direct video-on-demand service, IFC has struck a package deal for 10 films repped by Celluloid Dreams. Many of the pics were part of the noted sales company’s Toronto slate, including Caroline Link’s “A Year...

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...

Cup Group D result At Luzhniki stadium Scorers: Spartak Moscow: Clemente Rodriguez 17 Udinese: Fabio Quagliarella 12, 60 Red card: Giovanni Pasquale (Udinese) 86 Halftime: 1-1 Referee: Kristinn Jakobsson (Iceland) (Edited by Patrick Johnston) Other top stories around the planet...

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.