Tel Aviv News
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Updated 2 hours, 59 minutes ago
Mellanox Technologies Ltd. tumbled the most this month in Tel Aviv after U.S.-traded shares of the Israeli maker of data-transfer technology fell and amid concern over the lack of a decision about splitting the roles of chairman and chief executive officer.
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Results from Given Imaging Ltd.’s latest clinical study of a pill-sized camera used to identify colon cancer probably will help the Israeli manufacturer secure U.S. regulatory approval this year, Chief Executive Officer Homi Shamir said.
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Israel’s shekel weakened to a two- month low and government bonds rose on investor bets the central bank will cut interest rates next week.
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Bank of Israel Governor Stanley Fischer used his tie-breaking vote for the first time to restrict last week’s rate cut to 0.25 percentage point, as half the panel pressed for a bigger reduction.
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Partner Communications Co. and Cellcom Israel Ltd., the country’s two largest mobile phone providers, declined today on bets there will be no immediate easing of competition.
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Azorim-Investment Development & Construction Co.’s bonds gained, pushing the yield down the most on record, after investors sought more than three times the amount available of the Israeli company’s debt.
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Bezeq Israeli Telecommunication Corp. 2022 bonds fell, lifting the yield to the highest in more than a month, as the country’s largest phone service provider today plans to sell debt in a private placement.
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Teva Pharmaceutical Industries Ltd., which just two years ago was analysts’ highest-rated stock among the world’s 20 biggest drugmakers, is struggling to convince investors that a key part of its strategy will revive growth.
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Oil Refineries Ltd. was poised for the biggest gain in more than seven months as the refiner of crude oil products narrowed its quarterly loss on better refining margins.
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Two gunmen tried to rob a branch of Bank Hapoalim Ltd. today in the southern Israeli city of Beersheba, and shot four people dead, police said. One then killed himself and the other was injured.
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