ICELAND – Iceland’s prime minister became the first casualty of the global revelations on offshore companies as he resigned on Tuesday. In a day of high drama in Reykjavik, Sigmundur David Gunnlaugsson first tried to hang on to his office by seeking the dissolution of parliament. But after Iceland’s president refused to grant the request, Mr Gunnlaugsson decided to step down as prime minister but carry on as the head of his Progressive party. Sigurdur Ingi Johansson, the current minister of fisheries and agriculture, will become prime minister. Mr Gunnlaugsson leads a two-party coalition government between his Progressive party and the Independence group of finance minister Bjarni Benediktsson.(Financial Times)…[+]