U.S. stock futures were rebounding Wednesday from the previous day’s rout as concerns about Greece ebbed; European stocks were also higher.
Seven soccer officials were arrested in Switzerland and 14 were charged in the U.S. The FIFA officials are expected to be indicted in Brooklyn for a 24-year-long scheme involving racketeering, money laundering, and wire fraud. Separately, Swiss authorities are investigating individuals for criminal activity involving the allocation of the 2018 and 2022 World Cups in Russia and Qatar. Wall Street Journal (paywall)
The Deutsche Boerse strikes deal with two Chinese exchanges. The move opens renminbi-denominated stocks on the Shanghai Stock Exchange and China Futures Financial Exchange — and is yet another step in China’s efforts to raise demand for its currency. “The venture, called China Europe International Exchange, will start offering cash instruments in the fourth quarter.” Bloomberg
Some Hong Kong youth plan on commemorating Tiananmen Square anniversary — but not in Beijing. Usually Hong Kongers join mainlanders at the site of the 1989 crackdown. This year, some are marking June 4 in Hong Kong to focus on issues of democracy on the island. Wall Street Journal
Strong dollar fuels U.S. corporate buying spree abroad. “U.S. companies committed $250 billion to overseas acquisitions last year, the most on record, according to FactSet data going back to 1995.” Wall Street Journal (paywall)
Mother Nature is not happy. More than 1,100 people have died across India after a heat wave drove temperatures up to more than 110 degrees. Temperatures are so extreme that zebra road crossings are melting. Hindustan Times Flash floods in Texas and Oklahoma killed at least 19 people, and others remain missing. More rain could be coming as rescue efforts continue. NBC News