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JPost: Exclusive: Israel, India agree to start hi-tech trade fund

Published on Jun 18 2013 // Business and Financial News, The Daily Pick
JPost: Exclusive: Israel, India agree to start hi-tech trade fund
06/18/2013 00:02–Finance Minister Yair Lapid and Indian Communications and IT Minister Kapil Sibal agreed in principle Monday to set up a joint fund to explore how Israel and India can deepen hi-tech economic relations. In an exclusive interview with The Jerusalem Post, Sibal said the fund’s...

Globes: SodaStream teams with KitchenAid

Published on Jun 17 2013 // Business and Financial News, The Daily Pick
Globes: SodaStream teams with KitchenAid
17 June 13 15:18– SodaStream International Ltd. (Nasdaq: SODA) has teamed up with KitchenAid to jointly develop a home carbonation system for the KitchenAid portfolio of kitchen appliances and culinary tools. The companies are planning the retail launch of the soda maker in the fourth quarter of...

Globes: Mellanox CEO: Nasdaq is easier, cheaper than TASE

Published on Jun 13 2013 // Business and Financial News, The Daily Pick
Globes: Mellanox CEO: Nasdaq is easier, cheaper than TASE
13 June 13 16:45–”The decision to delist from the TASE was made by the board of directors, which favors trading in the US,” said Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) founder and CEO Eyal Waldman in his first comments after a stormy two weeks for the company’s shares,...

JPost: Bennett: Jury still out on Israeli start-up exits

Published on Jun 12 2013 // Business and Financial News, The Daily Pick
JPost: Bennett: Jury still out on Israeli start-up exits
06/12/2013 01:25-Economy and Trade Minister Naftali Bennett has mixed feelings about Israeli “exits,” such as Tuesday’s sale of start-up Waze to US-based Google. “Many people are frustrated by the big exits. ‘Why do we sell, why do we sell?’ I think the jury is out on that one,” he said...

Globes: Teva CEO: We’re using crowdsourcing

Published on Jun 11 2013 // Business and Financial News, The Daily Pick
Globes: Teva CEO: We’re using crowdsourcing
11 June 13 12:25–”I see that my daughters understand the field more than I do,” said Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) president and CEO Dr. Jeremy Levin at the IATI-Biomed 2013 conference today, in a remark about digital medicine, which is taking over the...

Globes: 66% of foreign investors return to TASE

Published on Jun 10 2013 // Business and Financial News, The Daily Pick
Globes: 66% of foreign investors return to TASE
9 June 13 18:57– When MSCI moved Israel from its emerging markets index to its developed market index on June 1, 2010, it resulted in the immediate withdrawal of an estimated NIS 9.5 billion in investment by foreign financial institutions in the Tel Aviv Stock Exchange (TASE). This was because...

Josh Kaplan & Steven Schoenfeld: BlueStar Israel Equity Market Outlook–May 2013 in Review & June 2013 Outlook

Published on Jun 06 2013 // The Daily Pick
Josh Kaplan & Steven Schoenfeld: BlueStar Israel Equity Market Outlook–May 2013 in Review & June 2013 Outlook
By Josh Kaplan & Steven Schoenfeld of BlueStar Global Investors LLC–June 5, 2013 This monthly column produced by BlueStar Global Investors discusses Israeli equities traded worldwide.  The benchmark for our review is the BlueStar Israel Global Index (“BIGI”), which we believe represents...

Ynet: Evogene eyes share offering on NYSE

Published on Jun 05 2013 // Business and Financial News, The Daily Pick
Ynet: Evogene eyes share offering on NYSE
06.05.13, 07:31-Israel-based Evogene is considering an offering of its shares on the New York Stock Exchange, the plant genomics company said on Tuesday. The company has hired investment bankers in the United States and filed a draft prospectus with US regulators, Evogene said in a statement to the Tel...

Globes: Wix files for $75m Wall Street IPO

Published on Jun 04 2013 // Business and Financial News, The Daily Pick
Globes: Wix files for $75m Wall Street IPO
4 June 13 16:00–Wix Ltd. has filed a draft prospectus with the US Securities and Exchange Commission (SEC). The filing confirms reports from three months ago that Wix was planning a Wall Street IPO. The company did not disclose financial details including sales and revenue, because the filing is...

Globes: Fischer: Saying there’s no partner for peace is unacceptable

Published on Jun 03 2013 // Business and Financial News, The Daily Pick
Globes: Fischer: Saying there’s no partner for peace is unacceptable
3 June 13 11:30–”It was a privilege for me to have the opportunity to be the governor of the Bank of Israel. It wasn’t completely obvious to everyone, because I wasn’t an Israeli citizen. My wife and I were glad to be given the extraordinary opportunity. I know of few other examples of...