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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 Names The World’s Best Global Insurers 2015

Global Finance Names The World’s Best Global Insurers 2015

Global Finance today announced the winners of its 2015 World’s Best Global Insurers awards, drawing on responses from more than 1,500 readers around the world, as well as the expertise of the editors and reporters of Global Finance. 

From the Wires

Sumitomo Mitsui to Buy Stake in Reliance Capital

By Nupur Acharya MUMBAI--Indian financial services firm Reliance Capital Ltd. said on Thursday that Japan's Sumitomo Mitsui Trust Bank will buy a 2.77% stake in the company for $58.3 million. The Japanese bank will buy the stake at 530 rupees ...

Dollar Flat Againt Yen, Euro Amid Thin Trade

By Hiroyuki Kachi The dollar was largely unchanged against the yen and the euro in quiet trading in Asia on Friday, with the reduced number of market participants amid the holiday season avoiding any major moves. As of 0515 GMT, ...

Singapore November Industrial Output Declines

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output fell in November as most major sectors dragged and a tepid rise in the production of electronics failed to offset the decline. Output fell 2.8% on year in November, according to preliminary figures released ...