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Reuters 3 minute read A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed⨠June 27 (Reuters) - Most major stock markets in the Gulf rose in early trade on Sunday, with the Abu Dhabi index boosted by a surge in International Holding (IHC) (IHC.AD) following listing of its unit. Alpha Dhabi Holding (ALPHADHABI.AD), in which IHC holds a 45% stake, opened at 20 dirhams a share before easing to 17.70 dirhams, giving it a market value of 177 billion dirhams ($48.2 billion). read more ....
Large banks will no longer face pandemic-era restrictions on how much they can spend buying back stock and paying dividends, the Federal Reserve announced Thursday after finding the firms would remain well capitalized in its latest stress test. ....
Australia's largest supermarket chain Woolworths Group (WOW.AX) is being sued by the country's industrial relations watchdog for underpaying staff, more than a year after the retailer admitted not paying thousands of workers in full. ....