Jerusalem News
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U.S. Secretary of State John Kerry will try during a weeklong Mideast tour to bring Syria’s warring parties to peace talks and to revive negotiations for a two- state agreement between Israel and the Palestinians.
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The falling cost of financing U.K. water assets may boost merger activity in the industry even amid a regulatory price review, according to Goldman Sachs Group Inc.
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Bank of Israel Governor Stanley Fischer, who last week unexpectedly cut the benchmark interest rate to a three-year low, may not be done yet, according to Jonathan Katz, an economist at HSBC Holdings Plc.
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Israel’s economy expanded an annualized 2.8 percent in the first quarter, with growth in exports and private consumption partly offset by declining investment.
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Israeli authorities are seeking to legalize four unsanctioned Jewish settlement outposts in the West Bank, a move that could hobble U.S. efforts to revive peace talks.
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Israel’s Deputy Foreign Minister Zeev Elkin warned Syria today that his country would act to prevent any further shipments of advanced arms to Lebanon’s Hezbollah’s militia.
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Israel’s inflation rate dropped to a six-year low in April, adding to the economic evidence that spurred policy makers to cut borrowing costs yesterday.
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The shekel weakened the most in more than four months after the Bank of Israel’s surprise interest rate cut and vow to buy as much as $2.1 billion in 2013 to curb the currency’s appreciation. Stocks rose the most in two months.
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Israel’s central bank unexpectedly cut its benchmark interest rate to a three-year low and announced a program to purchase foreign currency to limit gains in the shekel. Israeli stocks and bonds rose.
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The Israeli Cabinet is debating the 2013-14 draft budget today amid a dispute over proposed cuts in defense spending as new threats emerge from Syria and concerns about Iran’s nuclear program persist.
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