United Kingdom

Steven Scheer

Israeli central bank expected to focus more on asset prices under new chief

15 Oct 2018

JERUSALEM, Oct 15 After 25 years of mainly targeting consumer inflation, the Bank of Israel is expected to focus more on asset prices once U.S.-based academic Amir Yaron becomes its new governor, and economists suspect he may be more hawkish than his predecessor.

Wharton professor Amir Yaron chosen as Bank of Israel governor

09 Oct 2018

JERUSALEM Prime Minister Benjamin Netanyahu on Tuesday named U.S. finance professor Amir Yaron to head Israel's central bank, citing the need for an expert on the global economy.

Sohn Conference: Hedge funds recommend Japanese equities, Germany's E.ON, selling AT&T debt

03 Oct 2018

TEL AVIV, Oct 3 Hedge fund managers recommended buying Japanese equities and shares in German utility E.ON , and shorting AT&T debt among their top investment picks at the Sohn investment conference in Tel Aviv on Wednesday.

Israel eyes 90 percent mortgages to make home buying more affordable

20 Sep 2018

JERUSALEM, Sept 20 Israel's Finance Ministry is working on a plan to allow some first-time home buyers raise mortgages worth up to 90 percent of the value of the house they are purchasing, helping them cope with surging property prices.

Social Security to end payments to Israeli government, deficit may jump

17 Sep 2018

JERUSALEM Israel's social security agency will halt giving its annual surplus to the government starting in 2019, its chief executive said, a move a finance ministry source said could sharply boost the budget deficit and harm essential services.

Switzerland seeks bank access to Israeli markets

17 Sep 2018

JERUSALEM Switzerland has asked Israel to open its markets so Swiss banks can trade funds there, a senior Finance Ministry official said.

UPDATE 2-Bank of Israel starts "preparing markets" for rate hikes

12 Sep 2018

* Central bank's economists predict 15 bps hike to 0.25 pct in Q4

UPDATE 1-Tel Aviv Stock Exchange targets retail investors with 2018 IPO -CEO

03 Sep 2018

TEL AVIV, Sept 3 The Tel Aviv Stock Exchange (TASE) will hold an initial public offering of nearly one-third of its shares as early as November, TASE Chief Executive Itai Ben Zeev said on Monday, citing the need to bolster the public's participation in the economy.

Israel's Mizrahi-Tefahot bank Q2 profit slides on U.S. tax probe provision

30 Aug 2018

JERUSALEM, Aug 30 Mizrahi-Tefahot, Israel's third-largest bank, reported a 48 percent drop in quarterly net profit on Thursday, as it hiked a provision to cover the potential settlement of a U.S. tax evasion investigation.

UPDATE 2-Bank of Israel holds key rate, warns stronger shekel may hold back inflation

29 Aug 2018

* Shekel gained 2.3 pct vs currency basket since last decision

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