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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

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

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 ...

Australia's Infrastructure Plans Spur Deals

By Ross Kelly SYDNEY--When Australia's Tony Abbott last year promised to become an "infrastructure prime minister"--putting bulldozers on the ground and cranes in the sky--his ambition roused boards in cities from Beijing to New York. Now, following a raft of ...