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January 22, 2008

Asian markets extend losses amid worries about possible US recession; Nikkei tumbles 5.7 pct

Global stock markets extended their shakeout into a second day Tuesday, plunging amid fears that a possible U.S. recession will cause a worldwide economic slowdown.

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Merrill Lynch Q2 Profits Rise 42 Percent

Quarterly profits at Wall Street brokerage Merrill Lynch climbed 42 percent as the company managed a strong performance in its stock trading despite a downturn in the markets. Merrill Lynch said Tuesday that for the quarter ended June 30, it had a profit of US$1.58 billion, or $1.63 per diluted share, compared with $1.14 billion, or $1.14 per share, in the second quarter of 2005.

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Innovative Solutions & Support Soars on Stock Buyback Announcement

According to Hoovers, Innovative Solutions & Support (ISSC) a makes flight information computers, electronic displays, and monitoring systems that measure flight information such as airspeed, altitude, and engine and fuel data ( Read More )

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'Facilities for stock trading need to be expanded'

"Facilities for trading in stock are now limited to only a few cities and towns. The same should be expanded up to upazila level to help investment of small funds."

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