Iceland

THE EURO

Iceland's finance minister said the country is still committed to adopting the euro despite fears over the stability of the single currency.

CHRISTMAS NAIVETY

Bondholders who lost money in the Icelandic banking crash are poised for a legal battle with UK councils to renew their right to claim back £5bn they lost, the Telegraph has reported.

Iceland has said the UK will get back the money it paid out to customers when the Nordic country's banking system collapsed.

A global group of bond investors have threatened the Icelandic government with legal action after being demoted below depositors in recouping funds from the country's shattered banking system.

Denmark's Saxo Bank has shelved plans for a UK property fund, saying prices here are now too steep.

As emerging markets evolve, is it time to reassess the asset class?