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The labour board bases its measure on the number of job-seekers who register with the agency, while the statistics office releases a separate measure of joblessness based on a survey.

The statistics office will publish its latest unemployment figure on Jan. 28.]]> melanie@nospam.com (traders) Mon, 18 Jan 2010 01:27:29 -0800 http://traderscommunity.com/news.php?item.34678.21 http://traderscommunity.com/news.php?item.34604.21
Dominique Strauss-Kahn, head of the International Monetary Fund (IMF), said a solution for the so-called Icesave issue was not a condition for aid but the Fund still had to listen if members raised issues.

'If a lot of members think we have to hold on, we have to hold on,' Strauss-Kahn told journalists in Washington. Britain and the Netherlands are both important members of the fund.

The IMF is due to carry out a review of its aid programme this month. Icelandic officials have said money could be held up until it agrees a deal to pay back more than $5 billion to Britain and the Netherlands for money lost in the 2008 financial meltdown.

That could take time after the Icelandic president's rejection last week of an Icesave bill.]]> melanie@nospam.com (traders) Thu, 14 Jan 2010 12:27:59 -0800 http://traderscommunity.com/news.php?item.34604.21 http://traderscommunity.com/news.php?item.34552.21
Icelandic exports of goods amounted to 42 billion crowns, while imports totalled 35 billion in the month, the statistics office said on its website.

($1=124.36 Iceland Krona)]]> melanie@nospam.com (traders) Wed, 13 Jan 2010 01:11:48 -0800 http://traderscommunity.com/news.php?item.34552.21 http://traderscommunity.com/news.php?item.34431.21
Iceland plans to hold a referendum no later than March 6 on terms for paying back the two countries more than $5 billion for money lost in high-interest Icesave bank accounts during a financial meltdown in 2008. Britain and the Netherlands compensated savers in full and want their money back.

The so-called Icesave bill is deeply unpopular with Icelandic voters, who believe the terms will be financially crippling as the island tries to emerge from a severe recession.

Many residents also believe the two countries are using their powers as members of both the EU and the International Monetary Fund to bully Reykjavik into accepting an unfair deal.

Spain's foreign minister, Miguel Angel Moratinos, said on Friday that if Icelandic voters rejected the Icesave bill, it could slow Reykjavik's membership bid.]]> melanie@nospam.com (traders) Sat, 09 Jan 2010 12:19:29 -0800 http://traderscommunity.com/news.php?item.34431.21 http://traderscommunity.com/news.php?item.34393.21
'There will always be movements in the crown related to the oil price and other factors. It's clear that the oil price has risen lately, and there is a connection there,' Johnsen told Reuters on the sidelines of an economic seminar.

'It's important to look after our competitiveness, and the currency is a part of that,' he added. The crown has firmed by nearly 4 percent against the euro since mid-December.

'I won't discuss monetary policy. I concentrate on fiscal policy and try to make sure that it doesn't put undue strain on interest rates,' he said.]]> melanie@nospam.com (traders) Thu, 07 Jan 2010 04:06:34 -0800 http://traderscommunity.com/news.php?item.34393.21 http://traderscommunity.com/news.php?item.34345.21
This is only the second time in Iceland's history that the president has not signed into law a bill approved by parliament.

After weeks of heated debate, Iceland's parliament late last month passed the bill in a move seen as a boost to the country's hopes of swift entry to the European Union and of getting its shattered economy back on track.

But the bill still required the approval of Grimsson, who was petitioned by nearly a quarter of the North Atlantic island nation's voters asking him to refuse to sign the bill and force a referendum on the fiercely debated issue.

]]> melanie@nospam.com (traders) Tue, 05 Jan 2010 03:33:19 -0800 http://traderscommunity.com/news.php?item.34345.21 http://traderscommunity.com/news.php?item.34296.21
Reuters reports that 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.
The petition also called on President Olaf Ragnar Grimsson to call a referendum on an issue which has aroused resentment that taxpayers are being left to pay for banks' mistakes.

Earlier this week parliament approved the amended bill to reimburse Britain and the Netherlands for the amount, which was lost by savers in both countries in 2008 who deposited funds in high-interest "Icesave" online savings accounts.

But the president has yet to sign the bill into law and 56,089 people, who represent 23 percent of the island nation's electorate, have signed the petition, the organizers said.

]]> melanie@nospam.com (traders) Sat, 02 Jan 2010 19:04:55 -0800 http://traderscommunity.com/news.php?item.34296.21 http://traderscommunity.com/news.php?item.34227.21
The National Institute of Economic Research (NIER) said the overall economy may shrink less this year than it previously thought and economists said the figures indicated second-quarter gross domestic product (GDP) data on Friday may surprise on the upside.

Consumer confidence improved to minus 3.7 points from minus 9.0 points in June. That compared to an average forecast in a Reuters poll of analysts for minus 7.0.

NIER's overall economic sentiment index, which includes business confidence, rose to 87.1 from an upwardly revised 80.3.]]> melanie@nospam.com (traders) Thu, 30 Jul 2009 03:20:38 -0700 http://traderscommunity.com/news.php?item.34227.21 http://traderscommunity.com/news.php?item.34159.21
The first quarter was revised up from a negative reading of 21.

The confidence indicator is based on a survey of industrial managers regarding production expectations, orders in hand and inventories of own products for sale

]]> melanie@nospam.com (traders) Tue, 28 Jul 2009 01:00:28 -0700 http://traderscommunity.com/news.php?item.34159.21