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Reply #25: Asian markets up on central banks' move to help lending [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-01-11 07:53 AM
Response to Reply #15
25. Asian markets up on central banks' move to help lending
http://www.bbc.co.uk/news/business-15978303

Asian stocks have gained after many of the world's biggest central banks unveiled a plan to stimulate lending.

The US Federal Reserve, the European Central Bank, and the central banks of the UK, Canada, Japan and Switzerland will take coordinated action from 5 December.

In a separate move, China also said it would free up money for its banks to lend.

There have been growing fears that a lack of funds will hurt global growth.
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