10/14/2008
Iceland sends no ministers to Russia for loan talks (Reuters via Yahoo! News)
An Icelandic delegation has arrived in Moscow for loan talks, but it does not include any ministers, nor the central bank chief, Iceland's embassy said on Tuesday.
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10/14/2008
Iceland Holds Talks With Russia on $5.5 Billion Loan (Update1) (Bloomberg)
Oct. 14 (Bloomberg) -- A delegation from Iceland is to start talks in Moscow today on securing an emergency loan from Russia of as much as 4 billion euros ($5.47 billion) after the island's three largest banks collapsed.
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10/13/2008
Iceland officially requests IMF help for crisis (Reuters via Yahoo! News)
Iceland has officially requested financing from the International Monetary Fund, an IMF official said on Monday, part of efforts to combat a crisis that has overwhelmed its once-flourishing financial sector.
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10/14/2008
Yields on Kaupthing Bank Samurais Jump as Crisis Grips Iceland (Bloomberg)
Oct. 14 (Bloomberg) -- Yields on samurai bonds sold by Kaupthing Bank Hf, Iceland's biggest lender, surged amid a financial crisis that prompted the Atlantic island to nationalize its top three banks.
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10/14/2008
Once-booming Iceland suffers a sudden freeze (The Philadelphia Inquirer)
REYKJAVIK, Iceland - Until recently, 25-year-old Audur Elin Sigurdardottir was living a modest Icelandic dream - renting an apartment and two cars with her boyfriend on their one full-time and one part-time salary.
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10/13/2008
Govt loans Iceland £100 mln in frozen bank row (AFP via Yahoo! News)
The government is to provide a short-term loan of up to 100 million pounds to Iceland to help repay cash to British savers with money in frozen Icelandic banks, Chancellor of the Exchequer Alistair Darling said Monday.
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10/13/2008
Iceland PM says could sue Britain over savings row (AFP via Yahoo! News)
Iceland's prime minister on Monday accused Britain in an interview of "bullying a small neighbour" over funds frozen in the online bank Icesave, and threatened to take legal action in response.
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10/14/2008
Iceland's financial crisis costs St. John's a shopping tour (CBC)
In a planet-circling crisis that began with junk mortgages in California, a financial meltdown in Iceland is being felt in 2,600 kilometres away in Newfoundland.
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10/14/2008
Iceland row puts rating agencies in firing line (Evening Standard)
Pressure was mounting today for an in-depth investigation into the activities of the big three credit rating agencies, which stand accused of missing banking problems ranging from Iceland to the US subprime mortgage crisis.
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10/14/2008
(AFX UK Focus) 2008-10-14 09:28 UPDATE 1-No ministers listed in Iceland loan mission to Russia (Interactive Investor)
MOSCOW, Oct 14 (Reuters) - Icelandic officials will discuss a loan to help the island's financial sector with Russia's Finance Ministry on Tuesday but the official delegation list does not include any ministers or the central bank chief. Iceland initially mentioned a 4 billion euro ($5.45 billion) loan -- around one percent of Russia's gold and forex reserves. Russian officials say no details ...
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