16 July

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WTO chief seeks to wrap up fish talks as developing countries cry foul By Reuters

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By Emma Farge GENEVA (Reuters) -The head of the World Trade Organization on Thursday expressed optimism about clinching a long-awaited deal to stop overfishing, even after some developing states criticised the draft agreement with India calling parts of it "unjust". The virtual conference in Geneva - the first meeting of WTO trade ministers since 2017 - was called to advance 20 years of talks aimed at fixing rules to curb harmful subsidies that lead to overfishing amid falling stocks. The trade body has not reached a global deal in years and Director-General Ngozi Okonjo-Iweala, who...

15 July

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Norton Falls 4%, Avast Gains 18% As Two Discuss Merger By Investing.com

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By Dhirendra Tripathi Investing.com – NortonLifeLock (NASDAQ:NLOK) stock fell 4% and Avast (OTC:AVASF) rose 18% as the two discuss a possible merger. “There can be no certainty as to whether any transaction will take place or the terms on which any possible merger may be agreed. A further announcement will be made if and when appropriate,” Avast said in a note. The Wall Street Journal was the first to report about the deal talks. Avast, citing the U.K. takeover code, said NortonLifeLock has until August 11 to make a firm offer. NortonLifeLock...

15 July

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S&P 500 Sidesteps Positive Earnings as Tech, Energy Slip By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 fell Thursday, shrugging off another wave of mostly positive earnings as struggles in tech weighed on the broader market. The S&P 500 fell 0.50%, the Dow Jones Industrial Average lost 0.04%, or 14 points, the Nasdaq was down 0.91%. Banks continued to report quarterly results that topped Wall Street expectations, helping financials snap out of their recent malaise even as U.S. bond yields continued to make losses. Morgan Stanley (NYSE:MS) was flat after reporting second-quarter results that beat expectations on the both the...

15 July

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Canada shares higher at close of trade; S&P/TSX Composite up 0.06% By Investing.com

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Investing.com – Canada equities were higher at the close on Thursday, as gains in the Consumer Staples, Materials and Industrials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.06%. The biggest gainers of the session on the S&P/TSX Composite were Alimentation Couche-Tard Inc (TSX:ATDb), which rose 5.26% or 2.44 points to trade at 48.85 at the close. B2Gold Corp (TSX:BTO) added 4.21% or 0.21 points to end at 5.33 and HudBay Minerals Inc (TSX:HBM) was up 3.29% or 0.28 points to 8.78 in late trade....

15 July

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Drugmakers, oil majors drag FTSE 100 lower; Avast surges By Reuters

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By Amal S (Reuters) - London's FTSE 100 marked its worst day in a week on Thursday dragged down by pharmaceutical and energy stocks, while UK-based cybersecurity firm Avast jumped to the top of the index amid merger talks. The blue-chip FTSE 100 index ended 1.1% lower, weighed by drugmakers which fell 2.9%, with AstraZeneca (NASDAQ:AZN) and GlaxoSmithKline among the worst performers. Avast Plc jumped 18.1% and was the top gainer on the FTSE 100 after revealing it was in advanced talks over a merger with peer NortonLifeLock Inc. Bank of England Governor Andrew...

15 July

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Morgan Stanley beats estimates as record deal-making cushions trading blow By Reuters

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By Sohini Podder and Elizabeth Dilts Marshall (Reuters) -Morgan Stanley beat expectations for quarterly profit on Thursday, as the Wall Street bank got a boost from record investment banking activity even as the trading bonanza that supported results in recent quarters slowed down. Executives offered an optimistic outlook, saying clients were eager to get deals done toward the end of the second quarter, an encouraging sign that advisory revenue could rise further. "We ended the quarter with momentum," said Chief Financial Officer Sharon Yeshaya. Trading revenue was a sore spot across Wall Street last quarter,...

15 July

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Welfare fraud and errors cost UK a record 8 billion pounds during pandemic By Reuters

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LONDON (Reuters) - Britain may have overpaid more than 8 billion pounds ($11 billion) in welfare payments as fraud and error reached record levels during the first year of the coronavirus pandemic, the government's spending watchdog said. The National Audit Office (NAO) said the amount overpaid by the Department for Work (DWP) and Pensions was up from just over 4 billion pounds the previous year. The NAO said nearly all the increase in fraud was linked to Universal Credit, Britain's main method of supporting those out of work or on low incomes. The number of people...

15 July

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Cintas Earnings, Revenue beat in Q4 By Investing.com

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Cintas reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Cintas announced earnings per share of $2.47 on revenue of $1.83B. Analysts polled by Investing.com anticipated EPS of $2.31 on revenue of $1.82B. Cintas shares are up 7% from the beginning of the year and are trading at $378.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 16.46% from the start of the year. Cintas shares lost 0.25% in pre-market trade the report. Cintas follows other major Services sector earnings this month Cintas's report follows...

15 July

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EU watchdog rejects call to ban Facebook from processing WhatsApp user data By Reuters

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DUBLIN (Reuters) -A European Union privacy watchdog rejected a call by Germany's lead data protection regulator for an EU-wide ban on Facebook's (NASDAQ:FB.O) processing of personal data from its WhatsApp subsidiary, but told the social network's lead EU regulator in Ireland to investigate. The regulator in the city-state of Hamburg announced in May that it was banning the social network from processing personal data from WhatsApp users because it views the messaging app's new terms of use as illegal. The three-month freeze on WhatsApp's collection of user data could have been extended by the European...

15 July

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UK supermarkets ask shoppers to keep wearing masks By Reuters

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LONDON (Reuters) -Britain's biggest supermarket groups will encourage staff and customers to keep wearing face coverings from Monday despite new rules making it a matter of personal choice. The government is removing most pandemic restrictions from July 19 in England, saying a rapid rollout of COVID-19 vaccines has largely broken the link between infections and serious illness or death. Tesco (LON:TSCO), Sainsbury's, Asda and Aldi all said they would prefer staff and customers to keep wearing masks. The groups - who are among Britain's biggest private sector employers - said they would keep...

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News

WTO chief seeks to wrap up fish talks as developing countries cry foul By Reuters

Norton Falls 4%, Avast Gains 18% As Two Discuss Merger By Investing.com

S&P 500 Sidesteps Positive Earnings as Tech, Energy Slip By Investing.com

Canada shares higher at close of trade; S&P/TSX Composite up 0.06% By Investing.com

Drugmakers, oil majors drag FTSE 100 lower; Avast surges By Reuters

Morgan Stanley beats estimates as record deal-making cushions trading blow By Reuters

Welfare fraud and errors cost UK a record 8 billion pounds during pandemic By Reuters

Cintas Earnings, Revenue beat in Q4 By Investing.com

EU watchdog rejects call to ban Facebook from processing WhatsApp user data By Reuters

UK supermarkets ask shoppers to keep wearing masks By Reuters

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