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Global Data

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

Nigeria's Central Bank Restricts Currency Trading

Nigeria's Central Bank has unleashed new foreign exchange controls to stop its currency from falling beyond a record low, as tumbling crude prices help spur a wave of strikes crippling Africa's top economy. In an announcement late Wednesday, the bank's ...

Deere to Sell Crop-Insurance Business

By Tess Stynes Deere & Co. agreed to sell its crop-insurance business to Farmers Mutual Hail Insurance Co. of Iowa, following a strategic review of the unit that began in September. The deal, expected to close in the first quarter ...

Fitch Downgrades Venezuela on Falling Oil Prices

Fitch Ratings cut Venezuela's rating further into junk territory Thursday, saying that falling oil prices are pressuring the country's already-troubled finances. Fitch cut Venezuela's foreign and local currency issuer default ratings, as well as its unsecured bonds ratings, from B ...