Funds from the U.S., Europe and China are showing interest in dozens of Israeli companies that will be forced on to the auction block by state efforts to increase competition, a government official said.
Yair Lapid, the former talk show host who unexpectedly became Israel’s power broker with the campaign slogan, “Where is the money?” is now in position to find it: He’s going to be the next finance minister.
Karnit Flug will probably wait before lowering Israel’s benchmark interest rate again to weaken the shekel, leaving borrowing costs unchanged today in her first meeting as central bank chief, a survey of economist showed.
Rafael Gozlan, chief economist at Israel Brokerage & Investment, suggests the early election call has not surprised markets, but hopes tensions with Iran remain low, as there are plenty of domestic and global trading issues currently on the agenda. He spoke with Maryam Nemazee on Bloomberg Television's "The Pulse" on October 11.
Karnit Flug, former Bank of Israel Governor Stanley Fischer’s deputy, was his choice as successor from the start. It took Prime Minister Benjamin Netanyahu a little longer to reach the same conclusion.
Israeli Prime Minister Benjamin Netanyahu’s botched efforts to replace Stanley Fischer have fueled concerns the Bank of Israel won’t keep the shekel in check, hurting the country’s export-driven economy.