Morning roundup: Facebook returns questioned; Low interest rates harm retirees

We’re committed to keeping you and your clients up-to-date with global industry news. Every morning, we offer articles from around the web. Here are some selections:

Spain to request EU bank aid on Saturday

On Saturday Spain may become the fourth country to seek assistance since in the inception of European debt crisis. According to EU sources, Spain is expected to ask the euro zone for help with recapitalizing its stricken banks.

The finance ministers of the euro zone are set to hold a conference call on Saturday morning to discuss and debate a Spain’s bailout request.

Interest pains

While low interest rates are a boon to real estate markets, they’re hurting retirees, says a new study.

A third of those surveyed say they’ll likely delay retirement due to rate impacts on fixed-income products, and nearly half say the interest picture has them concerned about outliving their money.

NYSE throws a spanner in Facebook Compensation Plan

The news about Facebook’s disastrous IPO refuses to go away. This time it’s the clash between NYSE Euronext (NYX) and Nasdaq OMX Group Inc. (NDAQ) that’s keeping it alive. It’s said the fight between the two bourses has dragged the U.S. Securities and Exchange Commission into the dispute which may delay compensation for brokers.

NYSE Euronext is opposed to Nasdaq’s plan to reserve $40 million for brokers whose orders were mishandled during the 30-minute glitch. It contends the plan is unfair because it may give Nasdaq an unfair competitive advantage.

Japan raises growth outlook

On the back of stronger capital spending and consumption, Japan’s Cabinet Office has revised its growth figures from 1.0% to 1.2%, compared with the previous three months.

On an annual basis, the government’s latest decision means growth figures move up to 4.7%, from 4.1% as reported in last month.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.