Despite billions in write-offs and problems with U.S. subprime loans, HSBC, Europe's largest bank, is still managing to make money. Stephen Beard explores why the bank's profits are up in the third quarter.
Consumption has nearly doubled in the U.S., and fashion leads the way. One growing retail fashion chain, H&M, specializes in budget knockoffs of high-end clothing, with inventory coming in daily. Amy Scott reports from the shopping frenzy.
The free-trade agreement with Peru passed in the House comes with staunch opposition from the Democrats. Dan Grech reports the issue comes from the fact that the agreement is about more than just trade.
It might be bad for foreign travel, but a weakening U.S. dollar is actually good news for trade. Paul Brandus reports the extra competitive edge from a cheaper buck can help generate an extra $100 billion in exports.
The European Central Bank must decide whether to raise or lower euro interest rates. Stephen Beard reports on the many factors at work, including the price of oil and the euro's fast rise against the U.S. dollar.
Fed Chairman Ben Bernanke has a two-fold problem when addressing the economy -- we can either have inflation or a downturn. Paul Brandus explains he may want to retain balance by maintaining a stable policy.