Monday, June 26, 2006

Moscow Is World's Priciest City

Survey: Moscow Is World's Priciest City - Netscape News: "After Moscow, Europe's priciest cities were London, ranked No. 5 overall, and Geneva, ranked No. 7. European cities tended to fall in the rankings this year because of a weakening euro.

New York - ranked No. 10, up three spots from last year - remains North America's costliest city, followed by Los Angeles and San Francisco.

Chinese cities - including Hong Kong at No. 4, Beijing at No. 14, and Shanghai at No. 20 - climbed the list due mostly to the yuan's strength after being de-pegged from the U.S. dollar.

With the Brazilian real rising about 20 percent versus the U.S. dollar over the past year, Brazilian cities Sao Paolo and Rio de Janeiro surged to No. 34 and No. 40 from No. 119 and No. 124, respectively."

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