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London is still the world’s leading financial center. It extended its lead over New York notwithstanding Britain’s looming departure from the EU, as a poll disclosed on Monday.
The UK’s departure from the EU bloc has given grounds to predict London might lose its pre-eminent status as a leading financial center. Nevertheless, there’re few signs of it taking place yet.
London has been successfully holding the first position, followed by New York, Hong Kong as well as Singapore in the Z/Yen global financial centers index, ranking up to 92 financial centers on such factors as infrastructure as well as access to high quality staff. As for New York, it found itself just 24 points behind London, the greatest gap between the two since the poll started in 2007.
Evidently, New York's ranking edged down 24 points from 2016, which is the largest dip among the top contenders, a sag the survey's authors told turned to be presumably due to concerns over US trade.
In March, American homebuilding went down to an almost two-year minimum, suppressed by ongoing weakness in the single-family housing segment, dropping a hint that the housing market kept struggling notwithstanding decreasing mortgage rates…
China is going to maintain policy support for the national economy, still facing downward pressure as well as difficulties after better-than-anticipated first quarter surge…
UK customers generally neglected fears about an impending Brexit deadline…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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