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A Trade Row Down Under
If any country should be able to secure a new free-trade agreement with the U.S., it's Australia. It has a developed economy and just 20 million people, most descendents of immigrants from Europe. Critics of free trade may have a field day playing up emotional issues about American workers losing out to underpaid and exploited Chinese factory workers or Indian software engineers. But that rhetoric doesn't work for Australia, which is hardly a threat to the U.S. in the manufacturing or information-technology sectors. • FULL STORY

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INTERNATIONAL BUSINESS NEWS

• HEAD OF AUSTRALIA'S BIGGEST BANK RESIGNS
The head of Australia's biggest bank resigned Monday amid a multimillion-dollar foreign currency scandal that rocked the institution and sent shares plummeting.

• BBVA bids for all of Mexico's Bancomer• U.S. to offer second wave of Iraq contracts

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• DELTA, JETBLUE IN EAST COAST DOGFIGHT
Delta Airlines is making some big changes as it launches another new battle against the low-cost carriers. This time the goal is to take on Jet Blue. By CNBC's Phil LeBeau.

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