SINGAPORE, Dec 11 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and Web site editions on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

-- UBS <UBS.N> became the second big investment bank in a fortnight to be bailed out by a sovereign wealth fund when it announced a 19.4 billion Swiss franc ($17.2 billion) recapitalisation plan after revealing another $10 billion of losses on subprime mortgage securities.

-- The surge in Chinese power demand continued unabated this year, with the country adding capacity equivalent to that of the UK's entire electricity grid. About 85 per cent of the new generating capacity of 90GW is coal-fired.

-- India's largest listed developer, DLF <DLF.BO>, is planning to lure thousands of Indian construction workers home from the Middle East, in a sign the country's acute skills shortages are spreading from the professional to the lower end of the labour market.

-- The New South Wales state government in Australia plans to privatise three electricity retail businesses and sell long-term leases for three power plants in moves that could spark a wave of deal activity next year.

-- MBIA <MBI.N>, the specialist bond insurer, secured a $1 billion funding commitment from Warburg Pincus [WP.UL], the US private equity group, in a sign that buy-out investors are finding deals in the most troubled areas of the financial services industry.

-- In the latest tie-up in the automotive sector between global and Indian groups, Volvo <VOLVb.ST> unveiled investment worth $350 million in a joint venture with Eicher Motors <EICH.BO> to boost production of heavy trucks in India.

WALL STREET JOURNAL (www.wsj.com)

-- UBS received an injection from Singapore's foreign-reserves fund and another investor to help the Swiss bank strengthen capital as it announced a further $10 billion in write-downs on subprime holdings.

-- The risk of a recession in the United States is increasing, and the Federal Reserve should do something about it, according to the increasingly gloomy economists in the latest WSJ.com survey.

-- Investigators of South Korea's worst oil spill are looking at how a tug boat pulling a crane barge got so close to an oil tanker, and whether the tug received adequate oversight at a time when the country's ports are booming with traffic.

-- The top spokesman for Chrysler LLC has resigned over differences with Chief Executive Robert Nardelli, one of the first signs of friction at the top of the company since the CEO was brought in when Cerberus Capital Management LP acquired the auto maker last summer.

-- Japan's Eisai <4523.T> will pay $3.9 billion for rival U.S. drug maker MG Pharma <MOGN.O>, as it looks overseas to boost growth prospects. The deal is the largest foreign acquisition so far this year by a Japanese company.

-- TPG [TPG.UL] will inject about $295 million into NIS Group <8751.T>, helping to shore up the Japanese firm's precarious finances and giving the U.S. buyout fund a stake in the lender's unlisted but lucrative Chinese leasing subsidiary.

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