Greeces downgraded to emerging market by MSCI

(MENAFN) Greece became the first developed nation to be cut to emerging-market status by MSCI after the local stock index plunged 83 per cent since 2007.Greece failed to meet criteria regarding securities borrowing and lending facilities, short selling and transferability, said MSCI, New York-based MSCI will keep South Korea and Taiwan as emerging markets, and placed Chinese shares traded on ...

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