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Global Data

Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given level of utility (or standard of living or welfare).

The Poorest Countries in the World

There are two standard methods of measuring the wealth of countries and how rich or poor its inhabitants are. The measure most often used is Gross Domestic Product (GDP), which represents the size of a country’s economy. A refinement of ...

Awards & Rankings

BEST INTERNET BANKS AWARDS CEREMONY 2014

BEST INTERNET BANKS AWARDS CEREMONY 2014

Global Finance held its 11th annual Internet Banks Awards dinner in New York in November. Leading financial executives from around the world were present to accept their awards and honor other recipients.

From the Wires

Russian Ruble Rises Slightly -- 2nd Update

By Andrey Ostroukh MOSCOW--Russia's embattled ruble strengthened a little on Friday as overnight lending rates soared and authorities scrambled to shore up the banking system, which has been hammered by financial instability. Though the currency--down some 50% against the dollar ...

UK Public Finances Get Boost From Forex Fines--Update

By Jon Sindreu and Jason Douglas LONDON--Fines paid by banks to resolve allegations of manipulating the foreign-exchange market provided a boost to U.K. public finances in November, but closing the budget deficit in time to meet the government's forecasts still ...