Watch Out London, Singapore is Next in Line as Best Financial Hub
- Singapore rises to No.2 spot on PwC index, overtaking New York
- City state benefits from low taxes, good infrastructure
London Tops New Opportunity Index
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Singapore is next in line if London loses its status as leading business hub in the world.
The Asian island nation ranks behind London as the best global city, PricewaterhouseCoopers LLP said in a new study, based on social and economic data published before the U.K. voted to leave the European Union. The Cities of Opportunity Index places Singapore ahead of Paris and Amsterdam, two European cities that are seeking to attract foreign businesses if they decide to shift jobs out of London.