Edition:
United States

Tova Cohen

UPDATE 1-Israel should cut budget deficit to 2.5% of GDP starting in 2020 - IMF

May 24 2019

JERUSALEM, May 24 Israel should aim to reduce its budget deficit from 2020 by cutting tax benefits and other measures, the International Monetary Fund said in its preliminary annual report published on Friday.

Israel should take action against firm linked to WhatsApp breach: Amnesty

May 16 2019

TEL AVIV Amnesty International called on Thursday for Israel's government to ensure that an Israeli company, whose spyware has been linked to a WhatsApp breach that may have targeted human rights groups, be held accountable for the way its software is used.

UPDATE 1-Wix.com raises 2019 revenue outlook after Q1 tops estimates

May 16 2019

TEL AVIV, May 16 Wix.com, which helps small businesses build and operate websites, raised its 2019 revenue forecast after first-quarter sales beat estimates as more users converted to paid subscriptions.

NSO owner tells Amnesty it will prevent abuse of spyware linked to WhatsApp breach

May 15 2019

TEL AVIV NSO Group's owner said it will do whatever necessary to ensure the Israeli firm's spyware does not undermine human rights, after Amnesty International sought to revoke the export license for NSO, which has been linked to a WhatsApp breach.

UPDATE 1-Chipmaker TowerJazz quarterly profit slips on weak data centre market

May 15 2019

TEL AVIV, May 15 Israeli chip manufacturer TowerJazz reported on Wednesday lower first quarter net profit although it still matched estimates, as weakness in the data centre market weighed on revenue.

Teva's new migraine drug helps to contain profit fall

May 02 2019

TEL AVIV Israel-based Teva Pharmaceutical Industries Ltd on Thursday forecast a sharp rise in revenue next year from its new migraine drug Ajovy and reported a slightly smaller-than-expected drop in first-quarter profit.

UPDATE 1-Check Point Software sees Q2 profit in line with estimates

Apr 18 2019

TEL AVIV, April 18 Network security provider Check Point Software Technologies reported first quarter net profit that topped expectations by a cent and forecast second quarter profit in line with estimates.

Israel parliament panel criticizes bank regulator, seeks more oversight

Apr 16 2019

JERUSALEM A parliamentary panel has proposed lawmakers oversee Israel's banking regulator after blaming the central bank for being too lax on regulation that led to high-profile loan defaults by some of the country's largest borrowers.

UPDATE 1-Bank Hapoalim sells 58 pct of credit card unit ahead of public listing

Apr 04 2019

* Isracard is Israel's largest credit card issuer (Adds details, background, CEO quote)

Israel could face austerity under next government

Apr 03 2019

JERUSALEM Israel's economy has barely featured in the run-up to next week's general election, yet the central bank and many economists warn the new government will need to cut spending and raise taxes to rein in a growing budget deficit.

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