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US Investors prepare to indict the Icelandic state | IceNews


US Investment managers, Eaton Vance and Autonomy Capital, are preparing to have the Icelandic state prosecuted because of their investments. The two funds purchased Icelandic government bonds in the aftermath of the financial crises in 2008, Viðskiptablaðið reports.
According to Eaton Vance and Autonomy Capital the Icelandic state must be all but bankrupt since it they’re not willing reimburse investors according to marked value. They believe that the Icelandic state has violated them with the latest law bill passed in parliament in respond to the panama paper leak this spring. Their claim is that the government and the Icelandic central bank violated them and other investors with their bill of law. The bill in question gave an ultimatum of offshore fund holders and companies, they were either to accept the value set by the central bank of Iceland or take their place in the back of the line and wait for the currency restrictions to be lifted. ....

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Hugo-Nominated Eurovision Song Contest: The Story of Fire Saga Is a Bardic Fantasy


Screenshot: Netflix
The 2021 Hugo Award finalists list features a fascinating entry under Best Dramatic Presentation, Long Form: Alongside comic book-inspired romps (
Birds of Prey), some loopy time business (
Palm Springs, 
The Old Guard,
Soul) is
Eurovision Song Contest: The Story of Fire Saga, Netflix’s Eurovision movie starring Will Ferrell and Rachel McAdams as two naïve Icelandic singers with dreams of campy stardom.
It might initially seem like a surprise that
Eurovision made it onto the Hugos list, although this underrated comedy
does establish itself as fantastical with nothing more than a knife and a door in one of 2020’s best movie moments. Yet even beyond that, ....

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Icelandic CDS levels keep falling | IceNews


Credit default swap (CDS) levels on Icelandic banks have fallen considerably following credit agreements between Iceland and the central banks of Sweden, Norway and Denmark.
On Friday the Central Bank of Iceland announced a bilateral swap facility with its Nordic counterparts, borrowing up to 1.5 billion Euros ($2.3 billion) to help strengthen the country‘s reserves of foreign currency.
The CDS level for Glitnir has fallen from 410 basis points to 365bp yesterday, whilst Landsbanki has fallen 75bp to 185bp. Kaupthing now stands at 430bp, having fallen 30bp since the agreement was announced.
Furthermore, the CDS on the Icelandic krona (ISK) has fallen by 30bp, making it easier for the Central Bank to boost its reserves of foreign currency by means of additional credit deals. ....

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