Edition:
United Kingdom

Steven Scheer

Bank of Israel leaves rates unchanged, sees less economic damage in 2020

25 May 2020

JERUSALEM The Bank of Israel left its benchmark interest rate <ILINR=ECI> at 0.1% on Monday, saying economic damage from the coronavirus outbreak was likely to be less than initially feared.

Bank of Israel to hold key interest rate after April cut: Reuters poll

21 May 2020

JERUSALEM The Bank of Israel is expected to leave short-term interest rates unchanged next week after a reduction last month aimed at helping the economy recover from the coronavirus pandemic.

UPDATE 1-Israel's Bezeq Telecom Q1 profit up, little impact from coronavirus

21 May 2020

JERUSALEM, May 21 Bezeq Israel Telecom reported a higher quarterly profit amid a drop in financing expenses and said the coronavirus outbreak has so far had a minimal impact on its results.

Israel central bank chief says not to 'tighten belts' on budget yet

20 May 2020

JERUSALEM Bank of Israel Governor Amir Yaron said on Wednesday he supports an expansionary 2020-21 budget to help the economy recover from the coronavirus pandemic, which has forced businesses to close and unemployment to jump.

Israel returns financing focus to local market after global bond spree

19 May 2020

JERUSALEM, May 19 Israel is likely to focus on local bond markets for the rest of 2020 as it finances a soaring budget deficit in the wake of the coronavirus crisis, a senior Finance Ministry official said, having already raised $10 billion globally so far this year.

Israel Katz takes over as Israeli finance minister

18 May 2020

JERUSALEM Israel Katz took over as Israel's finance minister on Monday as part of a new government, saying he planned to work towards helping the economy recover from the effects of the coronavirus while also promoting competition.

Website maker Wix.com sees strong second-quarter as businesses rush online

14 May 2020

TEL AVIV Wix.com , which helps small businesses build and operate websites, expects a strong second quarter as companies rush online amid lockdowns to tackle the coronavirus pandemic, it said on Thursday.

UPDATE 1-Israeli airline El Al appeals to PM Netanyahu to save it

13 May 2020

TEL AVIV, May 13 El Al Israel Airlines called on Israeli Prime Minister Benjamin Netanyahu to rescue it on Wednesday, rejecting what it said were impossible conditions for state-backed loans.

UPDATE 3-Teva Pharmaceutical's profit beats forecasts, shares jump

07 May 2020

* Shares jump almost 20% (Adds CEO comments on migraine drug, contract extension)

Israel extends coronavirus cell phone surveillance by three weeks

05 May 2020

TEL AVIV A parliamentary panel authorised Israel's Shin Bet security service on Tuesday to continue using mobile phone data to track people infected by the coronavirus until May 26 despite privacy concerns.

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