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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

Oil Prices Fall After Early Gains -- 2nd Update

By Georgi Kantchev Oil prices fluctuated on Monday as a rebound that started late last week failed to gain traction and analysts predicted that volatility will continue. The price of crude has nearly halved since a peak in June as ...

European Markets Register Modest Gains -- Update

By Christopher Whittall European markets on Monday clung onto the expectation of further stimulus from the European Central Bank, with the yield on Spanish government debt sinking to a record low in quiet holiday-time trading. The yield on the country's ...

Hong Kong Tycoon Thomas Kwok Faces Sentencing Tuesday

By Ned Levin HONG KONG--A judge is set to announce sentences on Tuesday for billionaire real-estate developer Thomas Kwok, former No. 2 official Rafael Hui and two other men convicted on corruption charges in a trial that has riveted this ...