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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 BANK AWARDS 2014 | INTERVIEW WITH THE WINNERS

KEEPING DATA SAFE: PAOLO DI GRAZIA, FINECOBANK Paolo Di Grazia, head of direct bank, FinecoBank: Cybercrime, e-fraud, identity theft and hacktivism are hot topics in e-banking. Website design is becoming more important than ever, particularly in areas such as ease ...

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

European Money-Fund Managers Brace for Losses

By Juliet Chung And Kirsten Grind Some of the world's biggest money managers are making sweeping changes to their European money-market funds amid expectations of losses for the normally staid investments. The moves by BlackRock Inc. and Northern Trust Corp. ...

U.S. Dollar Rallies Against Yen, Euro

By James Ramage The dollar jumped against the yen and the euro on Wednesday after Federal Reserve Chairwoman Janet Yellen signaled the central bank could raise U.S. interest rates at its April 2015 meeting at the earliest. Ms. Yellen's remarks ...