Escape From Wall Street
If you want to look for reasons why New York's status as the world's financial center is in serious jeopardy, you need only come here to gaze at this booming city and tour its markets.
Increasingly, Hong Kong and London are the places where companies are finding it easier and cheaper to list their shares and raise capital. Last year, of the 25 largest initial public offerings in the world, only one took place in America. This year, Hong Kong is likely ...
Full Story »
