PRESS DIGEST- Financial Times - Feb 22
Feb 22 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
NEW YORK Equity index provider MSCI on Thursday reclassified equities across a broad spectrum of emerging, developed and frontier markets as part of its November semiannual index review.
The changes will be made effective as of the close of business on November 26, MSCI said in a statement.
Following the downgrade of European Union member Greece to emerging market status in June, three banks were added to the MSCI Emerging Markets Index .MIEF00000PUS. They include the National Bank of Greece (NBGr.AT), Bank of Piraeus (BOPr.AT) and Alpha Bank (ACBr.AT).
Also in June, Morocco was downgraded to frontier market status. As a result, three Moroccan companies were added to the MSCI Frontier Markets index. Those companies are Maroc Telecom (IAM.CS), Attijariwafa Bank (ATW.CS) and BMCE, a bank based in Casablanca (BMCE.CS).
The three largest additions to the MSCI U.S. Large Cap Index 300 are specialty pharmaceutical company Actavis ACT.N; electric motor vehicle maker Tesla Motors (TSLA.O); and Delta Air Lines (DAL.N).
MSCI's All Country World Index .MIWD00000PUS will see the addition of media company RTL Group AUDK.LU; human resources software management systems Workday (WDAY.N); and biopharmaceutical company Pharmacyclics PCYC.O.
Approximately $7.5 trillion in assets are benchmarked against MSCI indices.
(Reporting by Daniel Bases, editing by G Crosse)
Feb 22 Gold held firm on Wednesday after falling as much as 1 percent the session before, with investors waiting for minutes from the Federal Reserve's last meeting for clues on the timing of interest rate hikes. FUNDAMENTALS * Spot gold was steady at $1,236 per ounce at 0054 GMT, while U.S. gold futures fell 0.1 percent to $1,237. * Data showed the U.S. Purchasing Managers Index (PMI) was at 53.9 in February, down from 55.6 in January and expe
Feb 22 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.