Singapore slips in global financial ranking, Hong Kong tops the list

The Associated Press
HONG KONG (AP) -- Hong Kong has become the first Asian finance center to top an annual survey of global financial development, overtaking the United States and U.K.
Singapore dropped one spot to fourth but other Asian nations moved up in the rankings of 60 markets. It's the first time since the Geneva-based WEF began the survey four years ago that the U.S. or U.K. has not come first. Full story