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  • *CEO says has met with Finance Ministry over tax hike plan. JERUSALEM, May 13- Israel Chemicals said on Wednesday it was optimistic the country's incoming government might water down a plan to impose stiff taxes on mining firms. ICL Chief Executive Stefan Borgas said he met Finance Ministry officials this month, but not incoming Finance Minister Moshe Kahlon, and...

  • *Adjusted Q1 EPS $0.78 vs $0.49 forecast. TEL AVIV, May 13- Israeli chipmaker TowerJazz beat estimates for first-quarter net profit thanks to revenue from its joint venture in Japan with Panasonic Corp as well as growing market share among its largest customers. It earned 78 cents per share excluding one-time items, compared with 40 cents a year earlier as...

  • *Nepal yet to recover from last month's disaster. CHAUTARA, Nepal, May 12- A second powerful earthquake in less than three weeks spread panic in Nepal on Tuesday, bringing down buildings weakened by the first disaster and killing at least 66 people, including 17 in neighbouring India and one in Chinese Tibet. The new 7.3 magnitude quake was centred 76 km east of the...

  • *New quake causes panic across Nepal. SANGACHOWK, Nepal, May 12- A 7.3 magnitude earthquake killed at least 41 people and spread panic in Nepal on Tuesday, bringing down buildings already weakened by a devastating tremor less than three weeks ago and unleashing landslides in Himalayan valleys near Mount Everest. The new earthquake was centred 76 km east of the...

  • The company has been steadfast in its refusal to combine with Teva and is instead encouraging shareholders to support its own $34 billion unsolicited offer for over-the-counter drugmaker Perrigo Co Plc. Teva said on Tuesday it will move ahead with its plans to acquire Mylan if the Perrigo deal is not completed. Speaking privately to investors this week,...

  • JERUSALEM, May 8- Benjamin Netanyahu's formation of one of the most right-wing government in Israel's history has fuelled concerns in Europe and the United States about further settlement building and dimming prospects for peace. Since entering parliament in 2013, she has backed a number of controversial bills, including one that would enshrine Israel as...

  • JERUSALEM, May 6- Prime Minister Benjamin Netanyahu clinched a deal on Wednesday to form a new right-wing government comprising five parties that will hold a one-seat majority in Israel's 120- seat parliament. The measure proposes taxing any such income unless Israel's defense minister and a parliamentary committee on security affairs say otherwise.

  • *Q1 adjusted EPS $1.36 vs $1.25 forecast. *Raises 2015 adjusted EPS forecast to $5.05- $5.35. TEL AVIV, April 30- Teva Pharmaceutical Industries raised its 2015 earnings forecast after beating first-quarter estimates, and said it would devote "all necessary resources" to its $40 billion- plus bid for rival Mylan Inc..

  • JERUSALEM, April 27- The Bank of Israel kept its benchmark interest rate at 0.1 percent for a second straight month on Monday, saying it expected prices to pick up after a recent bout of deflation. "Short-term inflation expectations from various sources are near the lower bound of the inflation target range, or slightly below it," the Bank of Israel said in a...

  • US position in Middle East is in 'free fall': Pro Thursday, 23 Apr 2015 | 8:37 PM ET
    US position in Middle East is in 'free fall': Pro

    There's a "great deal of ambivalence and confusion" in America's policy towards the Middle East now, says Flynt Leverett, professor of International Affairs at Pennsylvania State University.

  • April 22- Generic drugmaker Teva Pharmaceutical Industries Ltd said it could "promptly" divest some operations to obtain regulatory clearance for its proposed $40 billion takeover of smaller rival Mylan NV. Mylan, which has said a merger with Teva would be bad fit, plans to make a new offer for Perrigo Co Plc in the near term, CNBC reported on Wednesday.

  • April 22- Teva Pharmaceutical Industries Ltd said on Wednesday it could "promptly" divest some operations if necessary to obtain regulatory clearance for its proposed takeover of smaller rival Mylan NV. Meanwhile, Canonsburg, Pennsylvania- based Mylan is pursuing its own $29 billion unsolicited bid for Perrigo Co Plc, which the maker of over-the-counter...

  • Teva's turnaround CEO sets sights on $40 bln mega-deal Wednesday, 22 Apr 2015 | 9:06 AM ET

    TEL AVIV, April 22- Israeli turnaround specialist Erez Vigodman, the chief executive of Teva Pharmaceutical Industries, is looking to pull off the ultimate transformation, with the biggest deal in Israel's corporate history. His unsolicited $40 billion offer for smaller generic drug rival Mylan Inc is Vigodman's attempt to turn Teva into a global drug...

  • FACTBOX-Teva Pharmaceutical's history of key acquisitions Wednesday, 22 Apr 2015 | 9:06 AM ET

    April 22- Teva Pharmaceutical Industries has offered to buy rival generic drugmaker Mylan for $40 billion in what would be the largest acquisition in Israel's history, equivalent to nearly 15 percent of GDP. *In March 2015 it said it would buy U.S. neurology drug company Auspex Pharmaceuticals for an equity value of $3.5 billion, a move to boost its portfolio of...

  • April 21- Some of the top investors at Mylan NV, including Paulson& Co, are encouraging its board of directors to consider a takeover proposal from rival Teva Pharmaceutical Industries Inc, according to people familiar with the matter. Teva unveiled an unsolicited $40 billion takeover proposal on Tuesday for the Canonsburg, Pennsylvania- based company.

  • NYMEX-Crude gains above $56 on Middle East tension Sunday, 19 Apr 2015 | 8:08 PM ET

    TOKYO, April 20- U.S. crude futures rose around 1 percent on Monday to above $56 a barrel on the back of continued turmoil in Yemen and worries over lower U.S. oil output. *NYMEX crude for May delivery, which expires on Tuesday, was up 55 cents at $56.29 a barrel by 0000 GMT, after settling down 97 cents at $55.74 on Friday. *It reached a 2015 peak of $57.42 on Thursday, sparked...

  • JERUSALEM, April 19- The mayor of Haifa ordered on Sunday the closure of plants run by Israel's largest refining and petrochemicals group, Oil Refineries, following a report showing high cancer rates in the port city. Oil Refineries said its operating licence and that of a number of its subsidiaries had been cancelled in Israel's third largest city, which is...

  • Ex-Israeli PM to US: Give Iran 'or else' ultimatum Wednesday, 8 Apr 2015 | 1:56 PM ET
    Ehud Barak

    The U.S. needs to take a harder line on Iran's military nuclear program, says former Israeli Prime Minister Ehud Barak.

  • What Iran nuke deal means for Israel: Ehud Barak Wednesday, 8 Apr 2015 | 7:34 AM ET
    What Iran nuke deal means for Israel: Ehud Barak

    Former Israeli Prime Minister Ehud Barak, discusses what the U.S.-Iran nuclear deal means for the Middle East and especially Israel.

  • Bad to worse: ISIS brings fight to Syrian capital Tuesday, 7 Apr 2015 | 3:07 PM ET
    Syrian opposition forces use tunnels as shelter from air attacks in Damascus, Syria, April 5, 2015.

    The arrival of ISIS in Syria's capital threatens Syria's government and brings the group closer to some of the region's last stable countries.