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  • *Graph on Israel's housing prices: http://link.reuters.com/wek34w. JERUSALEM, June 11- After huge success in slashing mobile phone rates, new Israeli Finance Minister Moshe Kahlon hopes to do the same with sky-high housing costs with reforms aimed at increasing supply and cooling demand by raising taxes on investment homes. The soaring cost of owning a home--...

  • TEL AVIV, June 4- Israel's Arab minority is seeking its share of high-tech success in a "start-up nation", a quest that has already turned Jesus's boyhood town of Nazareth into an incubator for innovation. But scarce funding, long-entrenched discrimination and the disadvantage, in Israel, of not serving in its military are all obstacles the Arab community faces in...

  • Some 2,400 workers had walked out of the ports of Ashdod and Haifa as union leaders went underground and for most of Thursday defied orders from labour courts to return to their posts. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate...

  • Israeli port workers defy court order to continue strike Thursday, 28 May 2015 | 10:06 AM ET

    Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone underground. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate terminals adjacent to the state-run ports of Ashdod and Haifa.

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • *Gaza's economic output contracted 15 percent in 2014. JERUSALEM, May 22- Gaza's economy is in a worse state than any other in the world, with unemployment at a global high, output contracting sharply and the long-term prospects worrying, the World Bank said on Friday. "Blockades, war and poor governance have strangled Gaza's economy and the unemployment rate is now...

  • RPT-Milking it: Israel leads the way in dairy tech Tuesday, 19 May 2015 | 8:39 AM ET

    *Israel applies hi-tech methods to increase dairy yields. *China, India, other Asian countries, look to Israeli expertise. TEL AVIV, May 19- Decades ago Israeli dairy farmers confronted a quandary- how could they provide milk to a fast-growing population in a country that is two-thirds desert, with little grazing land?

  • M&A activity in Israel shifts beyond high tech Thursday, 14 May 2015 | 7:28 AM ET

    TEL AVIV, May 14- When one of China's biggest food companies was looking to boost its dairy output it turned to Israel's tiny market, paying about $1.1 billion for control of the country's largest food maker. Even though the company Tnuva is focused on the Israeli market, China's Bright Food was attracted to its efficiency in milk production and cutting-edge...

  • *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.

  • Microsoft buying spree continues with acquisition Friday, 1 May 2015 | 3:25 PM ET
    The Microsoft Surface Pro 3 tablet is unveiled in New York, May 19, 2014.

    Microsoft has signed a deal to buy the “technology and talent” of Israeli touch-screen technology firm N-trig.

  • *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.