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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



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

Oracle Buys Ad-Analytics Firm Datalogix

By Michael Calia Oracle Corp. said Monday that it bought advertising-analytics company Datalogix Inc. in its latest bid to beef up its cloud offerings. Terms of the deal weren't disclosed. The move comes days after Oracle posted quarterly profit and ...

Rosneft Repays $7 Billion of TNK-BP Bridge Loan -Update

By Andrey Ostroukh MOSCOW--State-controlled oil producer OAO Rosneft said on Monday it paid back $7 billion of a bridge loan it had taken to acquire TNK-BP, the largest foreign debt repayment by a Russian company since Western sanctions were imposed. ...

Chicago National Activity Index Points to Expansion

Economic growth is expanding in the manufacturing-heavy U.S. Midwest, led by a surge in production, according to a new view of the economic landscape. The Chicago Fed's National Activity Index climbed to +0.73 in November from +0.31 in the previous ...