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German property firms expect a boom in Frankfurt as financial businesses move activities and staff out of London in the wake of Brexit, an industry survey showed on Monday. A majority of 72 percent of respondents believed financial center Frankfurt, rather than rivals Dublin, Paris, or Amsterdam, would gain the most from Britain leaving the European Union, the study of 555 firms by consultants Ernst & Young (EY) found. The German property market as a whole would get a boost from Brexit, 57 percent of those polled said, with large majorities expecting prices for commercial and residential properties to increase....

New York has knocked London from its position as the world’s leading global financial center after seven years, according to the Global Financial Centers Index compiled by London-based consultancy Z/Yen. London slipped from the top of the global rankings, scoring 784 against 786 for New York, because a series of own goals had tarnished its reputation, the report said. […] Hong Kong and Singapore took third and fourth spots respectively, the same as a year ago, the survey showed. But the gap between the “Big Four” and the chasing pack, led by Zürich, Tokyo and Seoul, was narrowing, it said....

'Le Sheriff' predicts al-Qaeda attack in AsiaLONDON, Aug 26 (AFP) - Al-Qaeda is preparing an attack on a big financial centre in Asia, such as Tokyo, Singapore or Sydney, to undermine investor confidence in the region, France's top terrorist investigator says. In an interview with the Financial Times newspaper Friday, Jean-Louis Bruguière added that several Asian countries are less prepared than Britain or the United States for such an attack. "We have elements of information that make us think that countries in this region, especially Japan, could have been targeted" by the al-Qaeda network, the investigating magistrate said. "Any attack...