Edition:
United States

Steven Scheer

Israel eyes 90 percent mortgages to make home buying more affordable

Sep 20 2018

JERUSALEM, Sept 20 Israel's Finance Ministry is working on a plan to allow some first-time home buyers raise mortgages worth up to 90 percent of the value of the house they are purchasing, helping them cope with surging property prices.

Social Security to end payments to Israeli government, deficit may jump

Sep 17 2018

JERUSALEM Israel's social security agency will halt giving its annual surplus to the government starting in 2019, its chief executive said, a move a finance ministry source said could sharply boost the budget deficit and harm essential services.

Switzerland seeks bank access to Israeli markets

Sep 17 2018

JERUSALEM Switzerland has asked Israel to open its markets so Swiss banks can trade funds there, a senior Finance Ministry official said.

Switzerland seeks bank access to Israeli markets

Sep 17 2018

JERUSALEM, Sept 17 Switzerland has asked Israel to open its markets so Swiss banks can trade funds there, a senior Finance Ministry official said.

UPDATE 2-Bank of Israel starts "preparing markets" for rate hikes

Sep 12 2018

* Central bank's economists predict 15 bps hike to 0.25 pct in Q4

UPDATE 1-Tel Aviv Stock Exchange targets retail investors with 2018 IPO -CEO

Sep 03 2018

TEL AVIV, Sept 3 The Tel Aviv Stock Exchange (TASE) will hold an initial public offering of nearly one-third of its shares as early as November, TASE Chief Executive Itai Ben Zeev said on Monday, citing the need to bolster the public's participation in the economy.

Israel's Mizrahi-Tefahot bank Q2 profit slides on U.S. tax probe provision

Aug 30 2018

JERUSALEM, Aug 30 Mizrahi-Tefahot, Israel's third-largest bank, reported a 48 percent drop in quarterly net profit on Thursday, as it hiked a provision to cover the potential settlement of a U.S. tax evasion investigation.

UPDATE 2-Bank of Israel holds key rate, warns stronger shekel may hold back inflation

Aug 29 2018

* Shekel gained 2.3 pct vs currency basket since last decision

Israeli businessman Dankner to serve three years in prison after appeal rejected

Aug 29 2018

JERUSALEM Israel's Supreme Court on Wednesday increased former tycoon Nochi Dankner's prison sentence to three years after rejecting his appeal against his conviction for securities fraud related to the IDB group he once controlled.

Bank of Israel unlikely to raise rates, not clear when it might: Reuters poll

Aug 28 2018

JERUSALEM The Bank of Israel is expected to leave short-term interest rates unchanged again this week, with markets seeking clues as to when rates will start to rise.

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