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Archive for September 6th, 2012:

Haaretz: Market report / Tech gains in dull session

Published on Sep 06 2012 // Business and Financial News, Market
Sep.06, 2012 | 5:27 AM–Stocks ended the day almost unchanged on Wednesday on the Tel Aviv Stock Exchange after a volatile session that saw shares falling steeply in the morning and seesawing up and down in the afternoon. The sharp drops early in the day were mostly likely the result of investor...

Nurit Tsur, Haaretz: Looking for work? Start a business

Published on Sep 06 2012 // Opinion
Sep.06, 2012 | 9:38 AM–”I have 10 years of experience, an academic degree and I’ve always been an outstanding employee who brought a lot of clients and money to his employers. So why can’t I find work?” This question has been tossed around by many, many skilled people who...

Globes: First Israeli company teams with Zynga

Published on Sep 06 2012 // Business and Financial News, Business and Innovation
5 September 12 20:21–Just as the new season in the European football leagues gets underway, social games company Zynga is gaining a first foothold in this area through a gambling game called Sports Casino, behind which is Israeli start up RocketPlay. Behind the Israeli company are the Honigstein...

WSJ: Israel’s Online FX Platforms Wary as Regulation Looms

Published on Sep 06 2012 // Business and Financial News, The Daily Pick
WSJ: Israel’s Online FX Platforms Wary as Regulation Looms
Israel’s foreign exchange brokers who cater to have-a-go retail traders are bracing for a new blast of regulation that they fear could push trading abroad, even though similar moves elsewhere have boosted confidence, and business, by driving out unscrupulous operators. Foreign exchange trading...

JPost: Simhon: Labor laws will lift families out of poverty

Published on Sep 06 2012 // Business and Financial News, Economy
09/06/2012 00:13–One hundred thousand Israeli families will rise above the poverty line thanks to a new law that strengthens enforcement of labor laws, Industry, Trade and Labor Minister Shalom Simhon predicted Wednesday. Speaking at a symposium hosted by his ministry in Tel Aviv, Simhon said that...

Haaretz: Dog days for the debt market as new bond issues sink in August

Published on Sep 06 2012 // Business and Financial News, Market
Sep.06, 2012 | 5:27 AM–New debt issues nearly vanished in August, hitting a low for the year to date in both size and volume. There were just two public offerings, both by financial institutions: Union Bank of Israel and Dexia Israel Bank raised a combined NIS 842 million, according to figures...

Ynet: Israel drops in competitiveness ranking

Published on Sep 06 2012 // Business and Financial News, Economy
09.06.12, 07:34–Israel has dropped to the 26th place in the Global Competitiveness Index published by the World Economic Forum, after ranking 22nd last year, reversing the upside trend of recent years. According to the WEC, the most problematic factor for people doing business in Israel is inefficient...

Globes: Tower relists on Nasdaq Global Select Market

Published on Sep 06 2012 // Business and Financial News, Market
6 September 12 14:41–Specialty foundry Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) today notified the US Securities and Exchange Commission (SEC) that Nasdaq has approved the company’s resumption of trading on the Nasdaq Global Select Market beginning tomorrow, Friday, September 7....

Globes: No gas found at Myra 1 well

Published on Sep 06 2012 // Business and Financial News, Market
6 September 12 10:13–The Myra 1 well’s Israeli partners – Israel Land Development Company Energy Ltd. (TASE: IE), Modiin Energy LP (TASE:MDIN.L), and IPC Oil and Gas Holdings Ltd. (IPC) (TASE: IPC) – have notified the TASE that no substantial signs of petroleum have been found....

Bloomberg: Israel Aims For 2012 Budget Gap Of About 3.9%, Steinitz Says

Published on Sep 06 2012 // Business and Financial News, Economy
Sep 6, 2012 5:47 AM ET–Israel aims to lower its budget deficit to about 3.8 percent or 3.9 percent of economic output by the end of this year, Finance Minister Yuval Steinitz said. “This is what we are working toward,” Steinitz said at a meeting of the Knesset Finance Committee near Tel Aviv...
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