Iceland will this week tell hedge funds and other creditors in its failed banks how their claims can be settled. 

AVOCA Capital Holdings is planning to use a record cash hoard to buy high-yield debt that has plummeted 8.4% since July, the co-founder of the €6 billion Dublin-based fund said.

GARDAÍ believe the fire that killed a 36-year-old man broke out after he fell asleep while smoking in his bedroom.