Iceland's economy grew briskly in the latest quarter, its best performance since the country's financial system nearly collapsed in 2008 and a rare dose of positive news ahead of a referendum over foreign debts.
Icelanders are set to reject the terms for repaying Anglo-Dutch debts in a referendum on Saturday, forcing new negotiations with creditors and delaying financial aid the country needs to fix its shattered economy.
Iceland can get by without more cash from the International Monetary Fund until it needs to refinance debt in 2011, although any big delay will hit its economy, a central banker said on Thursday.
Iceland can get by without more cash from the International Monetary Fund until it needs to refinance debt in 2011, although any big delay in foreign aid flows will hit its economy, a central banker said on Thursday.
Iceland has made a last-ditch compensation offer to Britain and the Netherlands in talks over $5 billion lost in Icesave accounts, ahead of a Saturday referendum which is expected to nullify the current deal.
Pfizer Inc is set to present a nearly $4 billion offer for German generic-drug maker Ratiopharm GmbH this week, competing against rival bids from Teva Pharmaceutical Industries Ltd and Actavis, sources familiar with the situation said on Tuesday.
Pfizer Inc is set to join the bidding for German generic-drug maker Ratiopharm GmbH, offering as much as 3 billion euros, Bloomberg reported on Tuesday.
Icelandic negotiators may return home on Monday from London if no new meetings are called with British officials over the Icesave debt crisis, Icelandic Radio quoted a finance ministry spokesman as saying.
Officials from Britain and Iceland met on Saturday in a renewed attempt to reach a deal on repayment of more than $5 billion lost by overseas savers when Iceland's banks collapsed, Icelandic media reported.
From ambitious concept to international academic institution, Iceland‘s Svartárkot Centre for Research & Education adopts a radical new approach to addressing the complex — often vexed — relationship between humans and nature
Iceland's Prime Minister said on Saturday that a new Icesave debt repayment deal from Britain and the Netherlands would considerably ease the island nation's financial burden, state radio reported.
Uncertainty is growing over the future of the Kyoto Protocol, the first legally binding treaty to cut greenhouse gases blamed for heating up the planet.
Starting in June, travellers have a new option for getting to central Canada and the opportunity to create a unique short break.
Leaders from across Iceland's political spectrum met Dutch and British ministers on Friday over more than $5 billion in Icesave bad bank debts, but the talks ended with no signs of progress.
Iceland has approached several governments about the possibility of mediating talks on the more than $5 billion its owes to Britain and the Netherlands after the island's banking crisis, Icelandic media reported on Sunday.
Iceland has approached several governments about the possibility of mediating talks on over $5 billion its owes to Britain and the Netherlands after the island's banking crisis, Icelandic media reported on Sunday.
REYKJAVIK, Jan 13 (Reuters) - Iceland's economy minister said on Wednesday there were signs the country's IMF-led aid package would be delayed after a hitch in a deal to repay the UK and the Netherlands money lost in the island's banking collapse.
Six out of 10 Icelandic voters plan to reject a bill on repayment of more than $5 billion owed to Britain and the Netherlands in a referendum on the so-called Icesave deal, according to a poll published by an Icelandic daily on Saturday.
Iceland's president said on Tuesday he would not sign into law a bill to repay more than $5 billion lost by savers in Britain and the Netherlands when the island's banks collapsed, creating fresh political turmoil for the crisis-hit country. President Olafur Grimsson's rejection of the bill is seen putting aid from international lenders, as well as aspirations to join the European Union, in ser...
Britain said it wanted Iceland to rapidly resolve the issue of compensation for the failure of Icelandic bank Icesave, after the North Atlantic island's President Omar Grimsson refused on Tuesday to sign a bill authorising this.
Iceland's president refused on Tuesday to sign into law a bill to repay more than $5 billion lost by savers in Britain and the Netherlands, forcing the issue to a referendum and stirring fresh turmoil in the crisis-hit country. President Olafur Grimsson's rejection of the unpopular bill put aid from international lenders and his country's aspirations to join the European Union in serious jeopar...
Nearly a quarter of Icelandic voters have signed a petition asking their president to veto a bill on repaying $5 billion lost by British and Dutch savers when the island's banks collapsed, organizers said on Saturday.
