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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

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

Eurozone Consumer Confidence Boosted by Oil Price

By Paul Hannon Consumers in the 18 countries that share the euro became slightly more upbeat in December, likely reflecting the boost to real incomes from falling oil prices. The pickup in confidence indicates that household spending may increase slightly ...

U.S. Existing-Home Sales Tumble in November

By Josh Mitchell and Sarah Portlock WASHINGTON-Sales of previously owned homes tumbled to a six-month low in November, a sign the housing market continues to underperform despite a burst of hiring and stronger economic growth. Existing-home sales declined 6.1% in ...

U.S. Existing-Home Sales Tumble in November

WASHINGTON-Sales of previously owned homes tumbled to a six-month low in November, a sign the housing market continues to underperform despite a burst of hiring and stronger economic growth. Existing-home sales declined 6.1% in November from a month earlier to ...