Iceland suspends trading for 2 days The Nordic country took control of the nation's largest bank and stopped trading to lower risk of 'national bankruptcy.' October 9, 2008: 10:01 AM ET REYKJAVIK, Iceland (AP) -- Iceland suspended trading on its stock exchange for two days and took control of the country's largest bank - the third to be placed under its protective umbrella - on Thursday as it grappled with a banking crisis that is threatening to engulf the entire country. Russia's battered stock markets rebounded Thursday after financial regulators reversed a decision to close them, so vigorously that one exchange had to be temporarily closed. The index of leading stocks on the MICEX exchange, where most of Russia's trading takes place, gained nearly 16% before halting trading around midday, the second time in less than three hours of action that it suspended activity.
