U.S. funds holding billions in offshore kronur filed a complaint against Iceland for forcing them to accept a currency discount of almost 40 percent as a condition to let the investors exit the nation's capital controls. The case was filed to the ... Bloomberg, 3 weeks ago
U.S. Funds File Complaint Against Iceland Over Krona Haircut - La Repubblica, 3 weeks ago
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(Bloomberg) -- Iceland freed up 72 billion kronur ($585 million) in capital for funds that have been trapped behind the nation's capital controls over the past 7 1/2 years, falling short of clearing the whole amount as investors balked at the low ...La Repubblica, 1 month ago Hedge Funds Asked to Take a Hit as Iceland Frees $2.4 Billion HedgeCo, 1 month ago Funds Asked to Take a Hit in Iceland $2.4 Billion Auction Bloomberg, 1 month ago
``The chances of a kronur crash have diminished because the current account is back in surplus (foreign transactions bring in more money than they take out), and because foreign investors are again being attracted to Iceland. They like its high ...FreeRealTime.com, 1 month ago
Iceland's economy is growing at its fastest pace since the 2008 collapse of its banks, with annual gross domestic product up a whopping 4.2 percent in the first three months of the year. Latest tourism and spending data suggests the Icelandic ...Bloomberg, 2 days ago
(Bloomberg) -- Lawyers representing U.S. funds that bought Icelandic treasury bonds after the island's 2008 banking collapse say the terms of a debt settlement may represent a partial sovereign default. An auction arranged by Iceland's central ...La Repubblica, 4 days ago
Iceland met limited interest from creditors trying to exit the island's capital controls through a currency auction, after offering them an exchange rate that was 38 percent below the krona's market price. Iceland's currency reserves will be ...Bloomberg, 1 month ago
The article below represents a preview only and is not meant for reuse or republishing. India, June 11 -- Moody's Investors Service on Friday placed the sovereign ratings of Iceland on review for upgrade. The agency said it will evaluate whether ...HT Syndication, 1 month ago
Iceland clamps down on carry trade to limit capital inflows Islands higher interest rates won't disappear overnight Iceland has gone its own way since its three largest lenders collapsed in 2008 under a mountain of debt almost eight times the ...Bloomberg, 1 month ago
Shutterstock / TDWa Disgruntled Icelanders recently forced their prime minister to quit, and are threatening to hand power to self-styled pirates at an early election. But whereas other European voters are culling traditional parties out of ...Business Insider, 1 month ago Iceland pulled off a miracle economic escape Business Insider, 1 month ago Diamond Geysers: Rule-Breaking Iceland Completes Its Miracle Economic Escape Epoch Times, 1 month ago Iceland Bounces Back Economy Watch, 1 month ago
Iceland revealed the terms under which investors in about $2.4 billion in krona debt sold before the 2008 crisis will be able to exit their holdings as the island unwinds capital controls. The central bank said late on Wednesday it is planning to ...Yahoo! 7 Finance, 1 month ago
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