Robert Besser
01 Oct 2023, 19:07 GMT+10
LONDON, UK: This week, the Global Financial Centers index showed that New York remains the world's leading financial center, with London still second but gaining some ground.
However, both are facing tougher competition from Singapore and Hong Kong.
After taking over from London in September 2018, New York remains well in the lead with 763 points based on surveys of 147 factors covering 121 centers provided by third parties, including the World Bank, OECD, and the United Nations.
But London has since closed the gap with 744 points, and Singapore is only 2 points behind at 742 and is itself only a point ahead of Hong Kong in fourth place, highlighting an intense battle for the second position.
The index is compiled every six months by London-based think tank Z/Yen and the China Development Institute.
"U.S. centers performed well, with five U.S. centers in the top 10, reflecting the strength of the U.S. economy," the survey said, adding that New York retained its lead in separate fintech rankings, followed by London, which overtook San Francisco.
Get a daily dose of Belfast Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Belfast Bulletin.
More InformationLONDON, UK - Shahzad Akbar, a former accountability advisor to former Pakistani Prime Minister Imran Khan, has claimed that an ...
LONDON, UK: In the latest in a series of related issues facing British banks, on November 24, thousands of HSBC ...
Local lawmakers have condemned the slogan as ?racist poison? and an effort to ?create fear? among immigrantsPolice in Northern Ireland ...
London [UK], November 27 (ANI): Paul Lynch won the acclaimed Booker Prize, on Sunday in London. Lynch said that his ...
ABU DHABI, 28th October, 2023 (WAM) -- World No. 4 Minsol Kim's 4-under 68 and a 71 from Kyrorim Seo ...
Local lawmakers condemned the slogan as "racist poison" and an effort to "create fear" among immigrants Police in Northern Ireland ...
LESBOS, Greece: Greek authorities said a cargo ship sank off the island of Lesbos over the weekend during a storm, ...
COLUMBUS, Ohio: To stop the spread of bird flu, more than 1.3 million chickens will be killed on Ohio's Union ...
In a devastating turn of events, Israel's war on Gaza, sparked by Hamas's unprecedented attacks on October 7, has resulted ...
BATON ROUGE, Louisiana: In a Louisiana election where more than 43,000 people cast their ballots, a candidate for parish sheriff ...
LIVINGSTON, Kentucky: This week, railroad operator CSX said a train derailment involving 16 cars, two of which spilled molten sulfur ...
Fifty-seven journalists have been killed as of Saturday as a result of Israel's war on Gaza, which has extended to ...