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  • NEW YORK, May 28- Visa Inc's public warning to FIFA that it may end its sponsorship if world soccer's governing body does not quickly clean up its act will likely prompt other sponsors to take a tough stance as a major corruption scandal involving FIFA unfolds, brand experts said. After U.S. prosecutors indicted nine FIFA officials and five sports media and...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • SAN FRANCISCO— Apple has bought a company that makes augmented-reality software, which adds information or images to real-world scenes when viewed through a special headset or even a smartphone camera. Apple, Google, Facebook and Microsoft are all working on augmented- or virtual-reality products. Apple on Thursday confirmed the purchase of Munich- based...

  • UPDATE 2-Greek crisis overshadows G7 growth talks Thursday, 28 May 2015 | 5:36 PM ET

    DRESDEN, Germany, May 28- The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. Greece was not officially on the agenda of the Group of Seven meeting on Thursday in a former palace in the eastern Germany...

  • Mystery of disappearing holes in Swiss cheese solved Thursday, 28 May 2015 | 11:47 AM ET

    BERLIN— The mystery of Swiss cheese and its disappearing holes has been solved: The milk's too clean. A Swiss agricultural institute discovered that tiny pieces of hey dust are responsible for the famous holes in cheeses like Emmentaler or Appenzeller. As milk matures into cheese these "microscopically small hey particles" help create the holes in the...

  • We're pals now, give us money, Balkan PMs tell the EU Thursday, 28 May 2015 | 11:20 AM ET

    *Balkan premiers eager for joint projects. *Serbia and Kosovo PMs shake hands. The prime ministers of Serbia, Montenegro, Macedonia, Bosnia, Kosovo and Albania, all hoping to join the bloc, said their cooperation should be rewarded with projects like new road and rail links.

  • FRANKFURT, May 28- The EU's top watchdog has challenged the European Central Bank over privately disclosing sensitive plans for money printing to a group of hedge funds, giving them a headstart over investors who found out only the following day. In a letter to ECB President Mario Draghi, the European Union's Ombudsman has now asked for a "detailed account of the...

  • *G7 officials discussing Greece on sidelines of talks. *U.S. presses Europe, IMF to show flexibility on Greece. *IMF, EU officials say much work to do for Greece deal.

  • UPDATE 6-Oil drops as dollar rally resumes Thursday, 28 May 2015 | 10:15 AM ET

    LONDON, May 28- Oil prices fell to their lowest levels in a month on Thursday as the dollar resumed a 10- day rally, making fuel more expensive for holders of other currencies. "Much depends on the U.S. dollar," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt. Front-month Brent was down 40 cents at $61.66 a barrel by 1410 GMT.

  • DRESDEN, Germany— Economic growth that's not as strong as everyone would like. A potential financial blowup in Greece. Those were three of the most pressing topics hanging over top finance officials from the Group of Seven wealthy democracies at their gathering in Dresden, Germany.

  • LONDON, May 28- Gold was little changed on Thursday as the impact of a steadier dollar was counteracted by lower European equities alongside fading optimism over a potential deal between Greece and its creditors. Spot gold was flat on the day at $1,187.46 an ounce by 1140 GMT, within reach of a two-week low of $1,183.76 hit in the previous session.

  • LONDON, May 28- The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone's recovery. In its twice-yearly Financial Stability Review, the ECB also said risks from Greece for the euro zone's governments...

  • UPDATE 5-Oil steadies ahead of U.S. inventory data Thursday, 28 May 2015 | 7:48 AM ET

    LONDON, May 28- Oil prices steadied on Thursday after a two-day slide as investors awaited data from the U.S. Energy Information Administration to see how American oil production was responding to a recent surge in prices. Industry group American Petroleum Institute said on Wednesday that U.S. crude oil inventories rose by 1.3 million barrels last week,...

  • *ECB's Constancio- Greece will stay in euro, hints at default. FRANKFURT, May 28- European Central Bank policymakers played down the prospects of any immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no. Speaking to journalists in Frankfurt,...

  • *U.S. presses Europe, IMF to show flexibility on Greece. DRESDEN, Germany, May 28- Finance chiefs from the Group of Seven economic powers met on Thursday to discuss how to revive a faltering global recovery, with the United States leaning on Europe to reach a deal to avert a Greek bankruptcy. Speaking before meeting the Group of Seven finance chiefs, International...

  • No change in Greek debt talks after another day of spin Thursday, 28 May 2015 | 4:46 AM ET

    BRUSSELS, May 28- The euro leapt, Greek bond yields fell, global financial markets brightened, but nothing actually changed in another day of conflicting statements on Greece's long-running debt talks with international creditors. When the meeting with representatives of the International Monetary Fund, European Central Bank and European Commission...

  • LONDON, May 28- Oil prices recovered on Thursday after a two-day slide as the dollar weakened, making fuel less expensive for holders of other currencies. "Much depends on the U.S. dollar," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt. Front-month Brent was up 65 cents at $62.71 a barrel by 0815 GMT.

  • HONG KONG, May 28- China this week pushed ahead efforts to link its domestic markets with global peers by launching a joint venture in Germany to provide a wide range of yuan-denominated products to European investors. Deutsche Boerse agreed to set up a venture with the Shanghai Stock Exchange and China Financial Future Exchange to develop Chinese shares and...

  • FRANKFURT, May 28- A European Central Bank policymaker played down the prospects for an immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no. The critical comments from Ewald Nowotny, who as head of the Austrian central bank also sits on the...

  • UPDATE 2-Airbus wins board spat with Spain, to renew CEO Wednesday, 27 May 2015 | 2:56 PM ET

    AMSTERDAM, May 27- Airbus Group faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe's largest aerospace company consolidated a recent push for political independence. France and Germany own 11 percent each of Airbus Group and Spain controls 4.1 percent.