- Greek factory output falls to record low in July
- Market falls more than 20% as bourse reopens after five-week shutdown
- Bank and finance shares collapse by as much as 30%
- Lenders meet Greek labour minister
- China woes deepen on manufacturing slowdown
As the Athen market fell sharply on its first day of trading for five weeks, index provider MSCI has said it may reclassify its Greek market index from emerging to standalone status.
It said it may launch a consultation on such a move if capital controls continued. It said:
If there are continuing significant restrictive measures impacting the accessibility of the Greek equity market by international institutional investors, MSCI may potentially launch a consultation on a proposal regarding the reclassification of the MSCI Greece index to standalone market status from emerging markets status.
Here’s our full story on the UK government’s plan to begin selling its stake in Royal Bank of Scotland:
Source: The Guardian Circular Economy RSS