Finance leaders from industrialized and major emerging economies are converging on Cape Town, South Africa for meetings of the Group of Twenty, or G-20. Gretchen Wilson reports that Africa is getting more notice thanks to a strain on global resources.
European bank Barclays announced it's written off another $1.64 billion, bringing its new write-down total to around $2.64 billion. But Stephen Beard tells Scott Jagow why, compared to other banks, that's not that much.
The northern Washington town of Bellingham may be the epicenter of a new economic model for a post-consumerist economy: Locally produced goods and services focused on what surrounding communities need and can sustain.
Federal Reserve Chairman Ben Bernanke says the central bank is going to start being more open with its economic prognostications. Marketplace's Bob Moon takes a look at what's behind the announcement with Kai Ryssdal.
A new World Bank report says Africa is doing a lot better economically than in the past. Alisa Roth explores which countries within the continent aren't doing as well and whether the region is really back on its financial feet.
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.