News Snapshot:
Benchmark index providers remove Chinese firms after US investment ban Dec 22 (Reuters) - Global index providers have cut Chinesecompanies named in a Defense Department list from theirbenchmarks following a U.S. government order forbiddinginvestors in the United States from investing in them. Their removal affects billions of dollars in exchange tradedfunds and other passive investments tracking the benchmarks. Here is an overview of the actions of index companies MSCIInc, FTSE Russell and S&P Dow JonesIndices so far: * A Nov. 11 executive order from the White House https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-securities-investments-finance-communist-chinese-military-companies banned Americans from investing in Chinese companies on aDefense Department list https://www.defense.gov/Newsroom/Releases/Release/Article/2434513/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy...
