Speakers from Franklin Templeton Investments, T. Rowe Price, Deutsche Asset Management and Evli are taking part in the InvestmentEurope Reykjavik Roundtable at the Hilton Reykjavik Nordica. Topics being coved include emerging markets, frontier markets, global equity and the role of PRI, being presented to over 20 local fund selectors. Live reports from the event are […]
Investors in Iceland will henceforth be able to buy and sell assets abroad after the government announced a final lifting of capital controls in place since the country was forced to respond to the near-bankruptcy forced on it through the credit crunch and ensuing global financial crisis, which saw an implosion in the country’s banking […]
Some of the Nordic region’s biggest financial institutions, such as DNB and Nordea have been forced to respond to allegations they may have helped clients avoid tax, after the publication of millions of documents from a Panamanian law firm. This follows earlier reports noting that Iceland’s prime minister Sigmundur Gunnlaugson has been identified in the […]
Capital controls in place in Iceland since the financial crisis there some seven years ago, which saw the banking sector collapse, look set to be removed. This follows an announcement in May from the country’s central bank, and a visit from the International Monetary Fund on 20 May, during which it said the country was […]
Iceland’s recovery from its financial crisis continues, but there is still no firm date for the abolition of capital controls, which are stopping deeper and broader recovery, says Nordea Markets in an update. A weaker ISK against key trading currencies has helped the economy since it collapsed in 2008. However, there is still a drag […]
As sovereign yields in Europe continue to slide to unprecedented lows, many investors have become sceptical on whether value can still be found on the continent. However, by looking further afield than the more common peripheral names such as Spain and Italy, we at T. Rowe Price have found a number of outposts still offering […]
The Iceland Chamber of Commerce has published the 16th edition of its annual Icelandic Economic Situation report, outlining how the economy has recovered from the financial crisis that appeared in 2008.
A group of up to 400 tax experts from around the Nordic region are being assembled via a Nordic Council-led project to target individuals and companies that continue to use jurisdictions such as Hong Kong to avoid paying tax.
The European Free Trade Association (EFTA) Court’s decision to dismiss claims that Iceland’s government failed to comply with obligations to depositors in the failed Icesave bank is positive news for the country’s credit profile says Fitch Ratings.
Historically low interest rates and more costly loans from banks are set to fuel a diversification of issuance of, and more demand for, corporate bonds in the Nordic region, research by Standard & Poor’s suggests.
Iceland’s recovery continues with GDP growth of 3.1% in 2011, according to the 15th Status Report published by the Iceland Chamber of Commerce.
Iceland’s former prime minister Geir Haarde could be sent to jail for two years for his role in his country’s spectacular economic collapse in 2008.