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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

Russian Ruble Firms in Early Trade

MOSCOW--The ruble firmed across the board in early trade on Monday as oil prices stabilized before major month-end tax payments in Russia. The ruble gained 4% to 56.2 versus the dollar in the first minutes of trade on the Moscow ...

Brent Rebounds Back Above $62

Crude-oil futures rose in Asian trade Monday as the excessive drop in oil prices in recent weeks sparked some buying interest and short-covering among investors before the end of the year, traders said. On the New York Mercantile Exchange, light, ...

Dollar Steady Against Yen in Subdued Holiday Trading

By Alexander Martin The dollar was little changed against the yen during Asian hours Monday amid subdued, holiday-thin trading and a lack of cues. As of 0450 GMT, the greenback was unchanged at Y119.52 from Y119.52 in late New York ...