London May Have a Leg Up.

The article discusses the shift in focus of international commerce from New York to London, England in 2008. According to the article, London has greater advantage because its capital pool seemed comparatively deep, pushing stock issuance and the volume of mergers and acquisitions activity in Europe ahead of the U.S. Russian business enterprises and Middle Eastern governments, which are looking to go public, are also to choose London as center of their overseas operations.