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  • World ‘Close’ to Recession: Stanley Fischer Tuesday, 23 Oct 2012 | 4:15 AM ET

    The former chief economist of the World Bank and former vice chairman of Citigroup told CNBC the global economy is “close” to a recession, though he added that it wasn’t clear if it  would actually enter one because of an improvement in confidence recently.

  • In an exclusive interview, Stanley Fischer, Governor of the Bank of Israel, tells CNBC the bank has to consider what could happen in Europe, and has to plan for all sorts of eventualities around Israel's and the world's relations with Iran.

  • Israel's premier vows to build in Jerusalem Tuesday, 23 Oct 2012 | 12:15 AM ET

    JERUSALEM-- Israel's prime minister vowed Tuesday to continue building in a contested Jerusalem district, just days after European Union criticism of Jewish housing there. Netanyahu said Jerusalem is " Israel's eternal capital" during the visit to Gilo and said Israel has every right to build there.

  • The upcoming elections and the impending “fiscal cliff” have hedge funds more on edge than any other issue, according to a survey by Macro Risk Advisors.

  • Palestinians hold first local elections in years Friday, 19 Oct 2012 | 11:15 AM ET

    NABLUS, West Bank-- Posters for two competing candidates in this weekend's Palestinian local elections are affixed to road signs, buildings, power lines, and vehicles in this bustling West Bank city. Only Palestinians in the West Bank will vote Saturday, choosing mostly between rivals from the dominant but disorganized Fatah Party of President Mahmoud Abbas.

  • MagicJack posts 3Q profit, reversing loss Friday, 19 Oct 2012 | 9:56 AM ET

    WEST PALM BEACH, Fla.-- Internet phone company MagicJack VocalTec Ltd. reported a third-quarter profit on Friday, reversing a small loss a year earlier, thanks to sharply higher revenue and lower expenses. Israel- based MagicJack earned $15.1 million, or 78 cents per share, for the three months ended Sept. 30.

  • TV show 'Homeland' irks Lebanese, Israelis Friday, 19 Oct 2012 | 8:55 AM ET

    Showtime series "Homeland," is supposed to be Beirut. But it is really in Israel, a country similar enough in some areas to stand in for Lebanon, yet a world away in most other respects. And in Israel, some are peeved that Haifa and even Tel Aviv _ a self-styled nightlife capital and high-tech hub _ apparently appear, to outsiders at least, to be Middle Eastern after all.

  • Mellanox shares tumble on weak 4Q outlook Thursday, 18 Oct 2012 | 11:39 AM ET

    NEW YORK-- Shares of Mellanox Technologies Ltd. tumbled Thursday, after the semiconductor maker issued a disappointing revenue outlook for the current quarter and full year.

  • Abbas Edalat, founder of the campaign against sanctions and military intervention in Iran and professor at Imperial College London, tells CNBC, that the irony of sanctioning Iran is that increasingly the Iranian people are uniting against the west and becoming hostile to it.

  • Given Imaging considers sale, other alternatives Wednesday, 17 Oct 2012 | 6:15 PM ET

    Given Imaging Ltd.' s shares jumped sharply in after-hours trading Wednesday after the medical equipment company said that it is considering a sale. Given said that Barclays is assisting in its review process and an executive committee will oversee the effort. Given Imaging shares rose $1.73, or 11.3 percent, to $17 in after-hours trading.

  • Stryker to buy Surpass Medical for at least $100M Tuesday, 16 Oct 2012 | 2:30 PM ET

    KALAMAZOO, Mich.-- Medical device maker Stryker Corp. said Tuesday that it reached a deal to buy privately held Surpass Medical Ltd. for $100 million in cash, plus up to $35 million in milestone payments.

  • Israeli parliament dissolves for early election Tuesday, 16 Oct 2012 | 8:38 AM ET

    JERUSALEM-- Israel officially opened its election season on Monday as parliament dissolved itself and scheduled a vote for January, plunging the country into a vicious, three-month political campaign. Prime Minister Benjamin Netanyahu boasted of his achievements, while the opposition heckled and insulted him mercilessly.

  • 2 Americans win Nobel econ prize for match-making Monday, 15 Oct 2012 | 8:32 AM ET

    Lloyd Shapley of UCLA and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools fail. Unlike some recent Nobel prizes _ such as the Peace Prize that went to the embattled European Union last week _ this year's economics award did not seem to send a political message.

  • Recent winners of Nobel economics prize Monday, 15 Oct 2012 | 7:25 AM ET

    _ 2010: Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, of Britain and Cyprus, for their analysis of markets with search frictions. _ 2005: Robert J. Aumann, of Israel and the United States, and American Thomas C. Schelling, for their work in game-theory analysis.

  • UPDATE 2-EU moves closer to new Iran sanctions Friday, 12 Oct 2012 | 1:54 PM ET

    BRUSSELS, Oct 12- The European Union provisionally approved new economic sanctions against Iran over its nuclear programme on Friday, with senior diplomats giving their backing to measures against Tehran's banking sector, industry and shipping.

  • *EU diplomats approve new Iran sanctions. BRUSSELS, Oct 12- The European Union provisionally approved substantial new economic sanctions against Iran over its nuclear programme on Friday, with senior diplomats giving their backing to measures against Tehran's banking sector and industry.

  • FACT CHECK: Slips in vice presidential debate Friday, 12 Oct 2012 | 9:35 AM ET

    WASHINGTON-- Anyone who paid attention to a hearing in Congress this week knew that the administration had been implored to beef up security at the U.S. Consulate in Libya before the deadly terrorist attack there. But in the vice presidential debate Thursday night, Joe Biden seemed unaware.

  • Man headed to prison in NYC Torah fraud case Friday, 12 Oct 2012 | 8:33 AM ET

    NEW YORK-- A Jewish charity co-founder who billed himself as a "Jewish Indiana Jones" bent on rescuing vintage Torahs across the globe was sentenced to more than four years in prison on Thursday for conning donors out of about $1 million. Menachem Youlus told a judge in federal court in Manhattan that he was ashamed of his scam, but still hoped for leniency.

  • *Pressure on OPEC to produce more easing. *Iraq, North America to increase oil production steeply. LONDON, Oct 12- The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the West's energy watchdog said on Friday.

  • *Pressure on OPEC to produce more easing. *Iraq, North America to increase oil production steeply. LONDON, Oct 12- The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the West's energy watchdog said on Friday.