“It is not the intention of the company to withdraw from the stock exchange,” says Jon Ingi Herbertsson, the information officer for Marel, the Iceland-based food processing technology company. Read the full story

NASDAQ OMX Iceland hf. has confirmed that Audur Capital will be Certified Adviser for First North Iceland. Read the full story

A total of 22 companies listed on the Copenhagen stock exchange are in danger of going bankrupt. Two of the companies have strong ties to Iceland: the Faroese oil company Atlantic Petroleum and the Danish brewer Royal Unibrew, in which Stodir (formerly FL Group) holds a 16 percent stake and Straumur holds five percent. Read the full story

The Icelandic stock exchange is having a mixed first day of trading after its suspension.

Some news websites are reporting a 75% plunge in its value upon reopening this morning; but that fails to take into account that not all the listed companies are yet trading. The true level of the Iceland Stock Exchange will not be known until all companies begin trading again.

At the present moment, four companies have lost value between 0.2 and 15 percent, and three companies have gained by 2 to 8 percent.

The NASDAQ OMX website recorded a 1.9 percent drop overall an hour and a quarter into trading.

The NASDAQ OMX  I-15 stock exchange in Reykjavik has announced this morning that it will not be opening today.

Due to the highly unusual world market conditions, the exchange has been closed since Thursday and was due to open again today.

The latest information is that stock trading in Iceland will recommence tomorrow, RUV.is reports.

The Icelandic Central Bank’s forecasts of an upcoming “equilibrium” look a step closer, partly due to the weak Icelandic krona forcing down consumer spending and partly because of increased exports – largely of aluminium.

The country’s rampant consumer debt and high inflation are set to ease as the balance of trade shifts further in favour of exports as Icelanders reign in spending.

Bloomberg reports that exports leaped an annual 25 percent in the second quarter while imports fell 12 percent on lower investment and Read the full story

IcelandReview.com reports that the OMX-NASDAQ stock exchange in Iceland took an upswing yesterday in response to positive economic news from the USA.

Stock markets all over the world went into positive territory on the back of news that US authorities would take over the loan funds Fannie Mae and Freddie Mac, the country’s two biggest mortgage lenders and underwriters. Read the full story

The Nordic Exchange Iceland opened a new specialty submarket for equity rights earlier this month, reports newsdesk.se.

The OMX ICE Equity Rights submarket will allow transactions to be made in different areas related to equity issues, such as subscription rights. It forms part of the OMX ICE Equities and Related market with NOREX Member Rules applying to all transactions.

The new market will be set up in a fashion similar to the equity market, and all members of the Icelandic equity market will be automatically granted access.

President of OMX Nordic Exchange Iceland, Thordur Fridjonsson, said: “We are very glad to offer exchange trading in equity rights on the Icelandic market. This innovation will significantly enhance the trading environment for such rights in Iceland. Trading in equity rights on the Icelandic market will now be available under OMX ICE rules and liquidity will improve dramatically for the benefit of issuers and shareholders alike.”