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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

Russian Ruble Rises to 3-Week High in Early Trade

By Andrey Ostroukh MOSCOW--The Russian ruble firmed to a three-week high in early trade Thursday, supported by local tax payments. The ruble gained nearly 2% to 52.4 versus the dollar, heading away from its weakest ever level of 80.1 hit ...

Dollar Lower Against Yen on Profit-Taking

By Hiroyuki Kachi The dollar was lower against the yen in quiet holiday trading on Thursday, with profit-taking trimming the greenback's gains from earlier this week. As of 0450 GMT, the dollar was at Y120.11 from Y120.44 late Wednesday in ...