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Articles for the ‘News’ Section:

Globes: Wed: Mobile carriers weigh on market

Published on May 22 2013 // Business and Financial News, Market
22 May 13 17:20–The Tel Aviv Stock Exchange (TASE) was flat today. The Tel Aviv 25 Index edged up 0.04% to 1,232.71 points, the Tel Aviv 100 Index was unchanged at 1,108.84 points, but the BlueTech 50 Index fell 0.38% to 315.06 points. Turnover was NIS 894.4 million. The TASE rally ended today,...

The Jewish Voice: US Israel Business Council Sponsors 2nd Annual TechCrunch Innovation Road Show

Published on May 22 2013 // Business and Financial News, Business and Innovation
WEDNESDAY, 22 MAY 2013 08:49–The TechCrunch Disrupt Show in New York is a famed annual showcase for the introduction of the newest young startups in the hi-tech arena. Created by TechCrunch magazine it pools together under one roof the talents of hundreds of cutting edge companies who compete for...

Globes: Fischer casting vote nixed 0.5% rate cut

Published on May 22 2013 // Business and Financial News, The Daily Pick
Globes: Fischer casting vote nixed 0.5% rate cut
22 May 13 14:21–Governor of the Bank of Israel Prof. Stanley Fischer cast the deciding vote in the Monetary Committee’s meeting last week, which decided on an extraordinary mid-month interest rate cut. Three committee members wanted a 25-basis point cut, and three members wanted a 50-basis...

Bloomberg: Given PillCam Seen Winning FDA Approval in ’13: Israel Overnight

Published on May 22 2013 // Business and Financial News, Business and Innovation
May 22, 2013–Results from Given Imaging Ltd. (GIVN)’s latest clinical study of a pill-sized camera used to identify colon cancer probably will help the Israeli manufacturer secure U.S. regulatory approval this year, Chief Executive Officer Homi Shamir said. “The PillCam Colon’s potential...

Ynet: Drop in exports continues in Q1

Published on May 22 2013 // Business and Financial News, Economy
05.22.13, 14:14–Regression in industrial activity continues: Thirty-four percent of Israeli exporters experienced a drop in exports in the first quarter of 2013, according to a survey conducted by the Economics Division of the Manufacturers Association of Israel. In addition, 48% see an erosion...

JPost: OECD: Red tape hinders Israeli businesses

Published on May 22 2013 // Business and Financial News, Economy
05/21/2013 22:49–An interim Organization for Economic Cooperation and Development report on Israel’s business environment found that despite an educated workforce and support for entrepreneurs and startups, the country’s bureaucracy and red tape still presented significant challenges in comparison...

Globes: Qualcomm CEO: We seek Israel’s technology leaders

Published on May 21 2013 // Business and Financial News, Business and Innovation
21 May 13 18:58–Qualcomm Inc. (Nasdaq: QCOM) CEO Paul Jacobs, currently in Israel, spoke about the chipmaker’s strategy at a press conference today at Qualcomm Israel’s R&D center in Haifa. The message around the visit was the upgrading of importance of Qualcomm Israel’s...

Globes: Israel’s Facebook community numbers 4m real users

Published on May 21 2013 // Business and Financial News, Business and Innovation
21 May 13–Israel’s Facebook community numbers four million real users, who enter the social networking site at least once a month, and are not fake profiles. 60% of the Israeli users, 2.4 million people, enter Facebook daily, according to the company’s official figures. 52% of Israeli...

Ynet: Young families struggle to make ends meet

Published on May 21 2013 // Business and Financial News, Economy
05.21.13, 14:52–Shaiel and Charlie (short for Charlotte) Yitzhak both work hard – he as an English teacher, she as a physical therapist working with wounded Israeli soldiers. Shaiel also tutors English privately and runs a summer camp for robotics. They have two young children, aged three years...

Globes: Shekel weakens further

Published on May 21 2013 // Business and Financial News, Market
21 May 13–The shekel has continued to weaken against both the dollar and euro in morning inter-bank trading today. The shekel-dollar exchange rate has risen 0.13%, compared with yesterday’s representative rate, to NIS 3.665/$, and the shekel-euro exchange rate has risen 0.33% to NIS 4.724/€. Yesterday,...
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