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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

Oil Prices Fall After Early Gains

By Timothy Puko and Georgi Kantchev Crude-oil prices fell Monday, the first day of trading after several OPEC members defended their refusal to take drastic action to prop up prices. Oil officials from several leading members of the Organization of ...

Rosneft, Morgan Stanley Oil Business Deal Collapses - Update

By Alexander Kolyandr MOSCOW--OAO Rosneft's planned acquisition of Morgan Stanley's oil-trading and storage business has collapsed after the companies failed to win regulatory approval, amid tensions between the governments of the U.S. and Russia. Sanctions-hit Rosneft, Russia's largest oil company, ...