Iceland Ready to Buy Currency for Buffer Before Exiting Controls

Iceland's parliament approved a bill designed to prevent offshore investors re-investing their kronur inside the island. Foreign investors trapped behind Iceland's capital controls won't be allowed to use their kronur assets to purchase securities ...

Iceland doesn't have the means to exchange as much as 450 bn kronur into foreign exchange, says apex

Removing Iceland's capital controls is becoming harder as the high interest rates, deployed to backstop the krona, are swelling the amount of captive money held by offshore investors and posing a risk to the equity market, the head of TM Insurance ...

Anti-secrecy website WikiLeaks can again accept credit card donations today after Valitor hf, the Icelandic partner of MasterCard Inc. (MA) Valitor was ordered by Iceland's Supreme Court on April 24 to begin processing WikiLeaks payments within 15 ...

Iceland's Progressive Party will start talks on forming a government with the Independence Party, seeking a coalition that will ease households debt burdens and impose writedowns on creditors in the nation's failed banks. After earlier this week ...

Iceland has often been cited as a model of how to solve the economic crisis, being presented as an example of recovery without austerity. As we have pointed out before, this is far from the truth, as any person from Iceland will tell you. On Sunday, ...

Iceland President Olafur Ragnar Grimsson gave the election runner-up Progressive Party a mandate to form a new government after the group surged in popularity amid promises to ease mortgage debt for consumers. The party will be given the task of ...

(Updates with comments from party chairman in fourth.) April 29 (Bloomberg) -- The party ousted from government in 2009 after presiding over Iceland's financial meltdown emerged as the biggest winner in the weekend's parliamentary elections as talks ...

Icelanders, burdened by more than four years of hardship, are poised to oust the government and return to power the parties that steered the island through a banking-led boom that ended in economic ruin 2008. Voters in the 322,000-people North ...