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Steven Scheer

Exclusive: Israel's chip sales to China jump as Intel expands

Mar 19 2019

TEL AVIV Israel's exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel's Kiryat Gat plant.

Israel's Cellcom falls to quarterly loss, urges regulatory intervention

Mar 18 2019

JERUSALEM, March 18 Cellcom, Israel's largest mobile operator, reported a steeper than expected quarterly loss, hurt by continuing revenue declines amid toughening competition and as it invests in a fibre optics network.

Israel's Mizrahi Tefahot to pay $195 million in U.S. tax case settlement

Mar 12 2019

WASHINGTON/JERUSALEM Mizrahi Tefahot Bank Ltd, Israel's third-largest bank, admitted to helping clients evade U.S. taxes and agreed to pay $195 million, the U.S. Justice Department said on Tuesday, culminating a five-year investigation.

UPDATE 2-Bank Hapoalim to list credit card unit on Tel Aviv bourse

Mar 10 2019

JERUSALEM, March 10 Bank Hapoalim said on Sunday it plans to list shares of its credit card unit Isracard on the Tel Aviv Stock Exchange following demands by regulators for banks to divest their credit card subsidiaries.

Israel rate hike can come before 2 percent inflation: deputy governor

Mar 01 2019

JERUSALEM Israeli short-term interest rates may continue to rise even before inflation reaches the 2 percent rate the central bank desires, the Bank of Israel's outgoing deputy governor said.

Israel's Bank Hapoalim planning sale of stake in Turkey's Bank Pozitif

Feb 26 2019

ISTANBUL/JERUSALEM, Feb 26 Israeli lender Bank Hapoalim said it is planning a sale of its holdings in Turkey's Bank Pozitif.

Bank of Israel to hold rates at 0.25 percent because of low inflation: Reuters poll

Feb 24 2019

JERUSALEM Israel's central bank is expected to hold the line on short-term interest rates this week for a second straight meeting despite higher than expected inflation and economic growth data.

Israeli chipmaker TowerJazz expects core business growth, shares rise

Feb 19 2019

JERUSALEM Israeli chip manufacturer TowerJazz said it expects its main business units to grow further this year, despite macro-economic headwinds facing the sector, lifting its shares.

UPDATE 2-Israeli chipmaker TowerJazz expects core business growth, shares rise

Feb 19 2019

* Analysts forecast 2019 revenue to fall to $1.28 bln (Adds details, share price move)

UPDATE 1-Tel Aviv Stock Exchange expects IPO to go ahead this year -CEO

Feb 18 2019

TEL AVIV, Feb 18 The Tel Aviv Stock Exchange (TASE) expects to float nearly a third of its shares in an initial public offering some time this year, its chief executive officer said on Monday.

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