ZURICH - THE Swiss parliament will hold a hearing next week to discuss what the government should do with the stake it took in struggling bank UBS UBS.N last year, a newspaper reported on Saturday.
BERLIN - THE German finance ministry expects 2009 tax revenues to come in at around 524 billion euros (S$1.02 trillion), some 48 billion short of its previous estimate, the Handelsblatt daily reported.
WASHINGTON - US PRESIDENT Barack Obama on Saturday renewed his appeal to Congress to pass a credit card reform bill that would outlaw sudden interest rate increases, hidden fees and what the White House calls 'unfair penalties.'
'There is no time for delay,' Mr Obama said in his weekly radio address. 'We need a durable and successful flow of credit in our economy, but we can't tolerate profits that depend upon misleading working families.'
TOKYO - MITSUBISHI UFJ Financial Group , Japan's biggest bank that invested US$9 billion (S$13.1 billion) in Morgan Stanley last year, will obtain US$600 million of Morgan's new common shares via swaps with some of the preferred stock it bought, Japanese media reported on Saturday.
