Edition:
United Kingdom

Steven Scheer

UPDATE 1-Israel should cut budget deficit to 2.5% of GDP starting in 2020 - IMF

24 May 2019

JERUSALEM, May 24 Israel should aim to reduce its budget deficit from 2020 by cutting tax benefits and other measures, the International Monetary Fund said in its preliminary annual report published on Friday.

Bank of Israel to hold key rate at 0.25% on strong shekel: poll

19 May 2019

JERUSALEM Israel's central bank is expected to hold the line on short-term interest rates this week for a fourth straight decision amid a strengthening shekel that has helped to contain inflation while the economy sped ahead in the first quarter.

UPDATE 1-Israel's BCom backs Searchlight bid to win Bezeq stake

15 May 2019

JERUSALEM, May 15 Searchlight Capital Partners moved a step closer to taking control of Israel's largest telecoms group, Bezeq Israel Telecom, after its parent company said on Wednesday it was satisfied with Searchlight's latest offer.

Israel regulator warns of medical cannabis bubble, eyes Australia pact

14 May 2019

JERUSALEM Medical cannabis could become an investment bubble in Israel, the country's market regulator warned, as cash floods into a rapidly-expanding industry where few companies yet make money. | Video

Teva's new migraine drug helps to contain profit fall

02 May 2019

TEL AVIV Israel-based Teva Pharmaceutical Industries Ltd on Thursday forecast a sharp rise in revenue next year from its new migraine drug Ajovy and reported a slightly smaller-than-expected drop in first-quarter profit.

Amazon opens its platform to local retail market in Israel

01 May 2019

JERUSALEM E-commerce giant Amazon has reached out to Israeli retailers to enable them to sell directly to customers in Israel using its online platform.

UPDATE 1-Four of five Bank of Israel MPC members voted to hold key rate -minutes

18 Apr 2019

JERUSALEM, April 18 Four of the five rate setters at the Bank of Israel voted to keep the benchmark interest rate at 0.25 percent when they met on April 8, minutes of the discussions showed on Thursday, citing concerns over global economic growth.

Israel parliament panel criticizes bank regulator, seeks more oversight

16 Apr 2019

JERUSALEM A parliamentary panel has proposed lawmakers oversee Israel's banking regulator after blaming the central bank for being too lax on regulation that led to high-profile loan defaults by some of the country's largest borrowers.

Nano Dimension sees sharp growth on increasing demand for 3D printing

15 Apr 2019

NESS ZIONA, Israel Nano Dimension, a pioneer in 3D printers for circuit boards, expects to keep up a steep rate of sales growth while reducing its cash burn as it taps demand from new sectors such as defense and space exploration, the company's leaders said.

Powerful Israeli religious parties may prevent needed budget restraint after election

10 Apr 2019

JERUSALEM Ultra-Orthodox Jewish parties did well in Israel's national election and will likely bring hefty demands for more government payouts to coalition talks, making it harder for Prime Minister Benjamin Netanyahu to rein in a growing budget deficit.

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