Ehud Barak, the former Israeli prime minister, doubled his money when he sold an apartment in north Tel Aviv’s Akirov Towers that he’d bought in 2003 for about 12 million shekels ($3.5 million).
Israel’s failure to cap a surge in housing prices threatens to add a new drag on an already slowing economy.
The Federal Reserve will release minutes from its Jan. 28-29 meeting, the last presided over by former Chairman Ben S. Bernanke and at which policy makers further reduced the central bank’s record stimulus.
Women cradle newborn babies in their arms and dangle soft toys in front of older infants on colorful mattresses, all in a room in a Tel Aviv high-rise strewn with strollers and oversized bean bags.
Seven decades ago, Gil Mincberg’s grandmother immigrated to Israel after surviving Nazi persecution. Two generations later, Mincberg has left the Jewish state -- for the capital of Germany.
Israeli consumer prices fell more than analysts expected in January as a drop in owner-occupied housing costs led price declines in almost all index categories.
Following is a summary of the September industrial producer prices report from the Central Bureau of Statistics in Zagreb:
Indonesia’s economic growth unexpectedly quickened last quarter after an export rebound, an acceleration that may be short-lived as higher interest rates weigh on domestic consumption and investment.
The Bank of Israel cut its benchmark interest rate to a 22-month low and set limits on mortgage spending in an effort to counter slowing economic growth without fueling a housing bubble.
Following are details of the September industrial producer prices report from the Central Bureau of Statistics in Zagreb: