Greece First Developed Market Cut to Emerging as UAE Raised

Greece became the first developed nation to be cut to emerging-market status by MSCI Inc. (MSCI) after the local stock index plunged 83 percent since 2007. Greece failed to meet criteria regarding securities borrowing and lending facilities, short selling and transferability, said MSCI, whose eq…

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Greece First Developed Market Cut to Emerging as UAE Raised

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