Still smarting from the crippling aftermath of the global financial crisis, Iceland’s voters on Saturday resoundingly rejected a $5.3 billion plan to pay off Britain and the Netherlands for debts spawned by the collapse of an Icelandic Internet bank, according to initial results.

Icelandic voters vented their fury on Saturday at the bankers and politicians who ruined their economy, overwhelmingly rejecting a $5 billion deal to repay debts to Britain and the Netherlands, early results showed.

Portugal’s Socialist government approved guidelines of a long-term budget austerity plan on Saturday, but will release details sought by markets demanding commitment to deficit and debt cuts, only next week.

Friday’s jobs report showed some glimmers of a recovery but if you’re among the 8.8 million Americans still unemployed after nearly four months, you may have been left scratching your head.

Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.

General Motors Co. will reinstate 661 dealerships it sought to drop from its sales network. GM executives said Friday that the dealerships — more than half of those seeking to stay with the automaker — will receive letters giving them the option to remain open.

China’s central bank pledged on Saturday to keep the yuan’s exchange rate basically stable in 2010 and said it would be flexible in implementing its fairly loose pro-growth monetary policy.

General Motors Co. will reinstate 661 dealerships it sought to drop from its sales network. GM executives said Friday that the dealerships — more than half of those seeking to stay with the automaker — will receive letters giving them the option to remain open.

A new congressional report released Friday says the United States’ long-term fiscal woes are even worse than predicted by President Barack Obama’s grim budget submission last month.

Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.