Bloomberg 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 …

  Bloomberg Palm oil inventories in Malaysia probably fell to the lowest since 2011 as demand for the vegetable oil used in everything from instant noodles to detergents surged in countries including India and China. Inventories fell 7.9 percent to 1.63 million metric tons in August from a month earlier, the lowest since March 2011, according to the median of …

  Bloomberg China’s Finance Ministry has submitted a consumer tax overhaul proposal to the State Council, according to two people familiar with the matter who asked not to be identified because the discussions are private. The proposal is subject to change after other ministries and the State Council, China’s cabinet, give their input, one of the people said. Finance Ministry …