The European Central Bank has agreed to lend Hungary up to 5 billion euros (6.8 billion dollars) to help ease credit conditions, the ECB said Thursday.
The accord will help Hungary's central bank provide extra euro liquidity in the East European nation, the Frankfurt-based ECB said in a joint statement with the Hungarian Central Bank.
Euro-denominated loans are a key source of finance in Hungary, which joined the European Union in 2004 but has not switched to the euro.
Hungary's currency, the forint, regained some of Wednesday's losses against the euro after the announcement.
Declines eased on the Budapest stock exchange, where blue-chip shares in the OTP bank and energy company MOL each lost 14 per cent on Wednesday.
Access to foreign funding has "clearly worsened" due to the freeze-up of global credit markets, heightening the risk of "persistently low economic growth," Hungary's central bank said last week.
"The domestic banking sector must be prepared to face sustained tight liquidity conditions," the central bank said in a report.
The Singapore Exchange Limited (SGX) Tuesday said its derivatives and Exchange Traded Funds (ETF) markets set new trading records last year with volume surging to 
When the Spirit rover landed on Mars five years ago, no one expected it or its sister rover Opportunity to make it to their first birthdays, let alone their fifth.
The San Antonio Spurs turned up their trademark defense down the stretch to turn back another opponent. 
Popular US talk show host Oprah Winfrey, 54, has vowed to battle her recent weight gain, blaming it on "food abuse."
After the Taipei Zoo received two giant pandas from China, another Taiwan zoo said Friday it is seeking to receive a pair of pandas from China.