Washington  - US President Barack Obama said Wednesday he hopes to keep between 7 and 9 million homeowners out of foreclosure, using 75 billion dollars to stabilize a housing crisis that is at the heart of the country's deepening recession.

Obama unveiled plans offering aid to homeowners struggling to pay their mortgages, to relax rules on mortgage refinancing and to help neighbourhoods raise property values by renovating already foreclosed properties.

Warsaw  - Poland's finance ministry sold euros on the market Wednesday from its European Union funds amid a sinking zloty, a ministry spokesman told TVN24.

The spokesman declined to say how much was sold, or if the government would sell more in an effort to boost the weakening national Polish currency.

The zloty had dipped to 4.94 against the euro on Tuesday. It had risen to 4.77 against the euro at the close of the stock exchange on Wednesday.

Reykjavik  - Iceland was set to keep its increased whaling quota for the coming year, Fisheries Minister Steingrimur J Sigfusson said Wednesday.

The raised annual quota of 150 fin whales and 100 minke whales was announced at the end of January shortly before former Fisheries Minister Einar K Gudfinnsson left office.

Sigfusson added that it was not certain that Iceland would keep the quota for the coming five years as his predecessor had suggested.

Warsaw  - Polish Prime Minister Donald Tusk said Tuesday the government would intervene if the country's currency drops to 5 zloty against the euro, and would then sell euros on the market.

The announcement came after the zloty dropped to historic lows on Monday, when it traded at 4.77 against the euro. It dipped further on Tuesday, when at times it traded at
4.94 against the euro.

Washington  - The centrepiece of Barack Obama's economic rescue plans will become law Tuesday, the culmination of a six-week process full of partisan wrangling that handed the US president his first significant victory since inauguration.

Obama is to sign a 787-billion-dollar economic stimulus bill at a ceremony in Denver, Colorado. The largest single spending measure in US history is intended to help the country recover from a year-long recession that many consider the worst since the Great Depression of the 1930s.

Budapest  - Hungary's socialist government presented a new tax package to parliament on Monday which it hopes will make the country one of the most competitive in the region.

Corporate tax will be raised from 16 to 19 per cent, but because a "solidarity" tax on company profit will be scrapped, the de facto rate will fall from 20 to 9 per cent.