Top FIFA officials to be charged with corruption Numerous top current and former FIFA officials are expected to be charged Wednesday on fraud and bribery-related charges linked to the organizations oversight of the World Cup and other international soccer tournaments, US law enforcement officials said.
Source: NBC News
| By: Jonathan Dienst and M. Alex Johnson
REFILE-UPDATE 2-FTSE takes cautious steps to include China-listed shares in benchmark Expectations that yuan-denominated shares listed on the Shanghai and Shenzhen exchanges could make the cut have grown as reforms such as the Hong Kong-Shanghai Stock Connect scheme have helped open up China's stock market. "FTSE have offered a half-measure and that's not completely surprising, given the intransigence with which a number of major index...
| By: Michelle Price
GLOBAL MARKETS-Europe woes and US rate outlook weigh on stocks, lift dollar *Signs of Greek woes spreading to Spain dent risk appetite. TOKYO, May 27- Asian stocks sagged and the dollar stood tall on Wednesday on growing prospects the Federal Reserve was on track to raise interest rates later this year and concerns that financial woes could engulf Spain in addition to Greece. Spreadbetters expected a modestly higher open for Britain's...
| By: Shinichi Saoshiro
INSIGHT-Baby Boomer brokers face shrinking market to sell firms NEW YORK, May 27- Steven Dudash, like most brokers, spends a lot of time making it easier for his clients to retire. After starting IHT Wealth Management in Chicago in June with six brokers, Dudash says he will buy four businesses from retiring brokers in coming months. Of the 300,000 brokers now working in the United States, nearly 35 percent are over 55. Between those...
| By: Elizabeth Dilts
INSIGHT-Original robo-adviser Financial Engines seeks life beyond 401(k)s NEW YORK, May 27- Long before the phrase "robo-adviser" existed, Sunnyvale, California- based Financial Engines was cornering the untapped 401 plan market with computer simulations to help people save for retirement. To hang onto those investors- and find others- Financial Engines is planning to go up against other so-called "robo-advisers," companies that use...
| By: Jessica Toonkel and David Randall
What's the UK's beef with Brussels? After more than four decades of (mostly) happy marriage, the U.K. is approaching an in-out vote on its membership of the 28-country European Union.
| By: Catherine Boyle
China stocks mixed ahead of global index inclusion, IPOs; Hong Kong down SHANGHAI, May 27- China stocks ended Wednesday morning mixed as the market, facing a fresh flood of new share offerings, gave a lukewarm welcome to FTSE Russell's reception of mainland-listed equities into its indexes. Launch of the indexes, which will have an initial weighting of 5 percent for China A shares- has limited impact on China's stock market, said Shen...
| By: Samuel Shen and Pete Sweeney
G7 finance ministers to meet in Germany Christian Schulz, senior economist at Berenberg Bank, explains why this week's meeting of finance ministers from the world's largest developed economies will be a non-event for markets.