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S&P Dow Jones booting all Russia stocks from its indices
The index giant also said it is stripping Russia of its "emerging market" designation given the "deterioration" in its markets.
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Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
The index giant also said it is stripping Russia of its "emerging market" designation given the "deterioration" in its markets.
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