Edition:
United Kingdom

Steven Scheer

Israel's Wix.com third quarter profit up, trims 2019 revenue outlook

14 Nov 2019

TEL AVIV Wix.com , which helps small businesses build and operate websites, reported higher profit and revenue in the third quarter, but lowered the upper end of its full year revenue forecast range to adjust for recent foreign exchange moves.

TowerJazz shares fall after revenue outlook disappoints

13 Nov 2019

TEL AVIV Israeli chip manufacturer TowerJazz's forecast for fourth-quarter sales came in lower than market expectations, sending its shares down sharply on Wednesday.

Israel's Delek completes $2 billion purchase of Chevron's North Sea fields

10 Nov 2019

JERUSALEM Israel's Delek Group said on Sunday its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion.

Teva Pharm says opioid settlement will not derail ability to cut debt

07 Nov 2019

JERUSALEM/NEW YORK Teva Pharmaceutical Industries Ltd on Thursday expressed confidence in its ability to continue paying down its huge debt burden even if it is forced to pay billions of dollars to settle thousands of U.S. opioid lawsuits.

Israel set to ease demands on Bezeq to fire up fiber-optic plans

05 Nov 2019

JERUSALEM Israel is prepared to ease up on demands it had made on Bezeq Israel Telecom to rescue plans for a nationwide fiber-optic network, the Communications Ministry said on Tuesday.

Israel-Egypt gas pipeline deal seen imminent

03 Nov 2019

JERUSALEM A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in the next few days, the companies said on Sunday.

With eye to China, Israel forms panel to vet foreign investments

30 Oct 2019

JERUSALEM Israel decided on Wednesday to form an advisory committee to weigh national security aspects of prospective foreign investments in Israeli companies after coming under U.S. pressure over business deals with China.

Israel's Netanyahu plans to move funds from civilian to military spending

29 Oct 2019

JERUSALEM Israeli Prime Minister Benjamin Netanyahu plans to shift funds designated for civilian purposes to military spending to meet any threats from Iran, a government official said on Tuesday.

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