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Workers wrap fireworks inside a makeshift factory in Bocaue town at Bulacan province. Phillipines.

IMF Cuts Asian Economic Growth Forecasts

The Fund said gross domestic product (GDP) growth across Asia will average 6.3 percent in 2011, and 6.7 percent in 2012 (in April, the IMF forecast nearly 7 percent growth for both years).
Exports have long been China’s main driver of its economic growth.

U.S. Stocks Open Lower on China Data, JPM Earnings

U.S. stocks edged lower on Thursday on news that growth in Chinese trade slowed in September. Before the market opened, JPMorgan Chase (NYSE:JPM) reported third quarter earnings of $1.02 per share, which exceeded expectations.
Chynna Phillips

Chynna Phillips Fizzles on ‘Dancing With the Stars' [VIDEO]

Chynna Phillips was given the boot Tuesday night after a disappointing performance on Monday's Dancing with the Stars. The 43-year-old singer completely forgot her routine during the Mission Impossible tango performance with professional dancer, Tony Dovolani, 38.
Ayatolla Ali Khamenei

Iran Hails Occupy Wall Street Movement, Warns Capitalism Will Collapse

Senior government officials in Iran have hailed the Occupy Wall Street movement in New York and across the U.S., claiming the protests will eventually bring down the capitalist system. Supreme Leader Ayatollah Ali Khamenei reportedly stated that capitalism's “corrupt foundation has been exposed to the American people.
Booking photograph of Umar Farouk Abdulmutallab from the US Marshals Service

Accused 'underwear bomber' pleads guilty in US

The Nigerian man accused of trying to use a bomb in his underwear to blow up a U.S. airliner on Christmas Day 2009 pleaded guilty on Wednesday to all charges against him and warned the United States could face a great calamity.
International Business Times Logo

US Takes Action Against Execs of Failed Calif. Bank

Two former executives of a bank that received a $300 million federal bailout before its collapse during the financial crisis are facing criminal and civil fraud charges for their role in trying to conceal loan losses.
Saudi Arabian ambassador to the U.S., Adel Al-Jubeir.

U.S. Thwarts Iran Plot to Murder Saudi Envoy

The two men as Manssor Arbabsiar, a 56-year-old U.S. citizen with dual Iranian and U.S. passports, and Gholam Shakuri, reportedly a member of the Quds Force.
Stock exchange

U.S. Stocks Mixed, Alcoa up Ahead of Earnings

U.S. stocks are mixed on Tuesday as investors eye Slovakia's vote on the EFSF expansion and Alcoa's (NYSE:AA) earnings report. Investors seem upbeat as Alcoa shares have surged 2.78 percent in afternoon trading.
Traders work on the floor of the New York Stock Exchange

U.S. Stocks Weighed by Slovakia Vote

U.S. stocks are mixed Tuesday morning as investors wait for the result of a Slovak vote on the Eurozone bailout fund expansion.

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