Financial imbalance major cause of meltdown: Lord Desai

October 2nd, 2009 Earnings schedule for week of 10/5/09Major companies tentatively scheduled to report quarterly earnings next week: Monday No major announcements expected. Tuesday LOUISVILLE, Ky.

September 19th, 2009 NEW DELHI - India will make a pitch for reforms of world financial institutions and concrete steps to mitigate the global crisis when Prime Minister Manmohan Singh participates in the G20 summit of major and emerging economies in Pittsburgh Friday. India will focus on the need for reforms of global financial institutions to reflect ground economic realities as it exist today, Foreign Secretary Nirupama Rao told reporters here Saturday in a curtain-raiser briefing ahead of Manmohan Singh's two-day visit to Pittsburgh starting Thursday.

September 14th, 2009 Obama warns Wall Street againt high-risk behaviorNEW YORK — President Barack Obama says he sees new signs of the kind of high-risk business behavior that nearly caused a financial meltdown a year ago and is warning Wall Street there won't be another bailout. In a widely anticipated speech in the heart of New York's financial district, Obama also said he feels confident that the country's financial system has been steadied.

September 11th, 2009 Earnings schedule for week of 9/14/09Major companies tentatively scheduled to report quarterly earnings next week: Monday No major announcements expected. Tuesday SAN JOSE, Calif.

August 31st, 2009 Canada's economy shrinks 3.4 percentTORONTO — The Canadian economy contracted at a 3.4 percent annual pace in the second quarter, an improvement from the first three months of the year, the government said Monday. Statistics Canada said the economy actually grew in June, the first monthly increase in almost a year.

August 28th, 2009 Canadian big banks top expectationsTORONTO — Canada's major banks continue to show they largely avoided the financial meltdown experienced by banks south of the border and overseas. Canada's big five banks reported quarterly results this week and together they earned a combined total of $4.4 billion Canadian ($4 billion) in the third quarter, up $500 million Canadian ($458 million) from $3.9 billion Canadian ($3.6 billion) a year earlier.

August 20th, 2009 Earnings schedule for week of 8/24/09Major companies tentatively scheduled to report quarterly earnings next week: Monday No major announcements planned. Tuesday ANN ARBOR, Mich.

August 6th, 2009 Earnings schedule for week of 8/10/09Major companies tentatively scheduled to report quarterly earnings next week: Monday ENGLEWOOD, Colo. — Dish Network Corp.

July 23rd, 2009 Obama: Banking system needs new regulationWASHINGTON — President Barack Obama says the financial system has stabilized but needs new regulations to curtail behavior and practices that led to the meltdown that brought Wall Street to the brink of collapse. The president specifically mentioned regulatory changes that would require shareholders to have nonbinding votes on executive compensation packages.

June 3rd, 2009 Sallie Mae CEO sees loan losses peaking in 2009NEW YORK — Sallie Mae CEO Albert Lord said Wednesday he expects loan charge-offs at the student lending company to peak in 2009 and remain high next year. Charge-offs are loans written off as not being repaid.

May 8th, 2009 Correction: Meltdown 101 Q&A on tax havensWASHINGTON — In a May 4 story about tax havens, The Associated Press misattributed the fact that Citigroup has 4,000 subsidiaries. The information came from Citigroup, not from the Government Accountability Office.

March 30th, 2009 CHENNAI - India's engineering industry, which saw 20 percent fall in exports this fiscal, should focus on increasing trade with the 'untapped' markets in Latin America and the Commonwealth of Independent States (CIS), a top industry leader said here Monday. 'Exports to Latin American countries have increased from $1 billion in 2006-07 to $1.15 billion in 2007-08, which proves that these markets are largely untapped,' Mahesh K.

March 29th, 2009 ALIGARH - Greed and individualism must give way to a cooperative approach of Islamic financial system to rid the world of the current economic meltdown, a renowned Muslim scholar said Sunday. Nejatullah Siddiqui, the scholar, was speaking at the inaugural session of the conference on Islamic Finance and World Economy organised by the Department of Business Administration, Aligarh Muslim University in collaboration with the Taqwaa Advisory and Shariah Investment Solutions (TASIS).

March 4th, 2009 NEW DELHI - India Tuesday warned against the dangers of protectionism and asked developed countries not to stop the flow of funds to developing countries due to the global economic downturn. 'Developed countries should not resort to protectionism to resolve the crisis,' External Affairs Minister Pranab Mukherjee, who is also acting finance minister, told reporters here when asked about the impact of global financial meltdown on developing countries.

February 9th, 2009 KOLKATA - The closure of city-based web development, designing and services company Infogen Global has nothing to do with the global economic meltdown, West Bengal IT Minister Debesh Das said here Tuesday. 'The company did not close down due to the financial meltdown.