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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,...

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,...

Globes: High-tech cos raised $196m in Q1

Published on May 21 2013 // Business and Financial News, Market
20 May 13 16:58–Israeli high-tech companies raised $196 million in the first quarter of 2013, 29% less than in the preceding quarter, but 19% more than in the corresponding quarter of 2012, states pwc Israel Kesselman & Kesselman in its quarterly MoneyTree report. Software companies raised...

Ynet: SundaySky to boost sales threefold

Published on May 20 2013 // Business and Financial News, Market
05.20.13, 07:46–SundaySky expects its sales to triple annually as companies increasingly use personalized videos to win over new customers and retain existing ones. The US-Israeli company’s videos not only speak to a customer by name but take into account past history and present behavior...

Globes: Teva, Check Point rebound

Published on May 20 2013 // Business and Financial News, Market
20 May 13 12:20–The buoyant mood on Wall Street includes big Israeli companies listed there. As the Dow Jones Industrial Average and the S&P 500 Index achieved all-times highs, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) and Check Point Software Technologies Ltd. (Nasdaq:...

Globes: Thu: Mellanox and Teva lead market gains

Published on May 16 2013 // Business and Financial News, Market
16 May 13 16:56-The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.92% to 1,215.76 points, and the Tel Aviv 100 Index rose 1.12% to 1,089.06 points, and the BlueTech 50 Index rose 2.27% to 303.74 points. Turnover was NIS 1.32 billion. The TASE rose today, despite losses on European...

Ynet: New apartment prices up 6% in Q1

Published on May 14 2013 // Business and Financial News, Market
05.14.13, 14:39–The government is working on plans to reduce housing prices, yet apartment are becoming increasingly expensive: The prices of new apartments went up by 6% in the first quarter of 2013 from the same period last year, and the prices of second hand apartments increased by 5%, the Housing...

Globes: Mon: Rate cut boosts TASE

Published on May 14 2013 // Business and Financial News, Market
13 May 13 17:11–The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.96% to 1,204.66 points, the Tel Aviv 100 Index rose 0.89% to 1,077.02 points, and the BlueTech 50 Index rose 0.80% to 297,0 points. Turnover was NIS 1.27 billion. A late rally pushed the TASE up today, following...

Ynet: Facebook, Waze at odds over liquidation

Published on May 13 2013 // Business and Financial News, Market
05.13.13, 11:02–The chasm between Facebook and Waze over the future of the navigation company’s development center in Israel is deepening and impeding a possible acquisition deal. Calcalist has learned that following two intensive weeks of talks, both parties remain unyielding. Facebook conditioned...

Globes: Shekel weakens sharply following rate cut

Published on May 13 2013 // Business and Financial News, Market
13 May 13 16:25–”The Bank of Israel will have to make another interest rate cut soon to stem the strengthening of the shekel,” said Prico Risk Management and Investments CEO Yossi Fraiman, after the Bank of Israel unexpectedly cut the interest rate today. In an extraordinary mid-month...