Iran economy remains in distress amid sanctions: U.S.’s Lew
By Steven Scheer JERUSALEM (Reuters) - U.S. Treasury Secretary Jack Lew said Iran's economy remained in a state of distress due to sanctions over its nuclear programme and that the...
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Nice Systems cuts 2014 profit and revenue forecasts
JERUSALEM (Reuters) - Israeli software provider Nice Systems trimmed its 2014 profit and revenue forecasts after first-quarter results fell short of expectations, driving its shares down more than 9 percent....
Israeli exporters weigh options as shekel strength persists
JERUSALEM (Reuters) - Arie Levin envisions a time in the not too distant future where his micro electronics company, AVX Corp, may no longer have operations in Israel. Due to...
Teva shares prove resilient to blow for experimental MS drug
JERUSALEM (Reuters) - Investors in Israel's Teva Pharmaceutical Industries largely shrugged off a negative opinion from the European Medicines Agency (EMA) on multiple sclerosis (MS) drug laquinimod in the belief...
Perion eyes $1 billion in revenue, more acquisitions in next five years
JERUSALEM (Reuters) - Perion Network Ltd said it was targeting annual revenue of $1 billion in the next five years following the acquisition of Conduit Ltd's ClientConnect business. Israel-based Perion...
Israel’s Fischer picked to be next Fed vice chair: source
(Reuters) - Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve's next vice chair...
Ex-Argentina central banker Blejer tipped for Israel central bank post
JERUSALEM (Reuters) - A former head of Argentina's central bank Mario Blejer has emerged as a top candidate to run the Bank of Israel after two nominees dropped out in...
Marc Rich, ‘King of Oil’, laid to rest in quiet Israel ceremony
KIBBUTZ EINAT, Israel (Reuters) - Billionaire Marc Rich, the pioneering oil trader who was also a fugitive from U.S. justice for tax evasion, racketeering and busting sanctions with Iran, was...
Frenkel to return as Israel’s central bank chief
JERUSALEM (Reuters) - Jacob Frenkel, an inflation hawk who was Bank of Israel governor in the 1990s, will be returning to the helm of the central bank, Prime Minister Benjamin...
Housing recovery to ‘accelerate’ U.S. economy: Summers
JERUSALEM (Reuters) - A recovery in the housing market and strong growth in consumer wealth will help jump-start the U.S. economy later in 2013, said Larry Summers, a former adviser...