ECB plans to provide 500 billion Euros of cheap loans

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Source: BBC
The ECB is preparing for another round of providing cheap loans to the European banks. The ECB plans to offer 500 billion Euros as low-interest loans to improve confidence in the European banks and motivate them for interbank and consumer lending. However, Fitch considers that smaller banks will use this opportunity only to stay afloat.
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Wed, 29 Feb 2012 09:51:39 GMT

Gold futures advanced to 1,791.90 US Dollars per ounce in Asian trade

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Wed, 29 Feb 2012 09:29:07 GMT

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