News

Note: This section contains information in English only.
Wed, 16 Jan 2019 20:53:43 GMT

Inflation in Israel rises 0.8% in 2018

The consumer price index in Israel increased 0.8% in 2018, below a target of 1% to 3%, the Central Bureau of Statistics reports.

Wed, 16 Jan 2019 20:53:01 GMT

China, UAE to boost sustainable development

China and the United Arab Emirates plan to jointly improve sustainable development in the world, says Chinese President Xi Jinping's special representative Yang Jiechi.

Wed, 16 Jan 2019 18:49:06 GMT

China, Germany to increase cooperation in financial sector

China and Germany are set to sign two agreements to increase cooperation in the financial sector this week, a German government document revealed.

Wed, 16 Jan 2019 18:49:01 GMT

US mortgage applications at 11-month high

The number of US consumers applying for loans to buy a house or to refinance one increased to an 11-month high in the prior week, indicating that the recent decline in interest rates revived housing activity, the MBA stated.

Wed, 16 Jan 2019 18:24:04 GMT

Airbus to spend $300M on new plant for A220 jet

Airbus expanded the industrial presence in the US, getting ready to breaking ground over a new plant for the company's A220 jet, 18 months after it agreed to buy Canada's jetliner.

Wed, 16 Jan 2019 18:18:42 GMT

US import prices decline markedly in December

The US import prices dropped for a second month in succession in December, as the petroleum products' cost tumbled, causing the largest year-over-year drop since 2016.

Wed, 16 Jan 2019 16:56:30 GMT

Infor gets $1.5M investment ahead of planned listing

Infor, the cloud technology firm, announced on Wednesday it had received a $1.5B more in funding from its two shareholders, the PE group Golden Gate Capital and Koch Equity Development, ahead of its planned IPO in 2019-2020.

Wed, 16 Jan 2019 16:28:56 GMT

Farallon nears acquisition of Odebrecht's toll road unit

Farallon Capital Management, the US hedge fund, is nearing a deal to acquire a majority stake in the Brazilian conglomerate Odebrecht's toll road operator for about $403.58M.

Wed, 16 Jan 2019 16:14:41 GMT

Fiserv to acquire First Data for $22B in stocks

Fiserv, the US financial technology provider, announced on Wednesday it would acquire First Data, the payment processor in the $22B all-stock deal, one of the biggest takeovers in the fintech sector.

Wed, 16 Jan 2019 16:08:04 GMT

Ford Motor views lower-than-expected Q4 results

On Wednesday, Ford Motor said it saw a weaker-than-expected Q4 results, and faced an uncertainty in 2019 amid trade disputes and Britain's withdrawal from the EU, sending the carmaker's shares down 2%.

Wed, 16 Jan 2019 15:27:29 GMT

US import prices drop as dollar curbs prices on goods

The US import prices plunged 1.0% in December, tumbled by petroleum products cost and a strong US dollar that curbed other goods prices; thus, causing the biggest annual fall in over two years.

Wed, 16 Jan 2019 14:51:26 GMT

Goldman Sachs reports growth in Q4 trading revenue

On Wednesday, Goldman Sachs bet analysts' forecasts on its overall trading revenue by showing a 2% rise and a 17% jump to $1.60B in its equities trading revenue, becoming the only WS bank to report growth in the Q4 trading revenue.

Wed, 16 Jan 2019 14:37:00 GMT

Automakers urged to rein in spending on EVs, autonomous cars

The CEO of Magna, Don Walker, urged the vehicle and auto parts makers to cut back their investments and establish more partnerships, if they seek to capitalise on EVs and self-driving cars.

Wed, 16 Jan 2019 13:19:13 GMT

Verizon to launch free Apple Music for some US customers

Ties between Verizon Communications and Apple Inc deepen, as the telecommunications firm is set to launch a subscription to free Apple Music for some of the US customers.

Wed, 16 Jan 2019 13:12:15 GMT

Microsoft, Walgreens team up over digital healthcare services

Microsoft Corp and Walgreens Boots Alliance, the drugstore chain, have signed a seven-year-long deal to develop new digital healthcare services and platforms that run on electronic devices.

Wed, 16 Jan 2019 12:36:55 GMT

Facebook imposes tougher ads rules to curb election interference

On Tuesday, Facebook announced it would implement stricter rules for political advertising this year in the European Union, Ukraine and Nigeria to halt any election interference.

Wed, 16 Jan 2019 12:25:18 GMT

Snap CFO departs, shares plunge 8%

Tim Stone, Snap's Chief Financial Officer is planning to resign from his position, sending the camera company's shares down 8% to $6.02 in the after market trading on Wednesday.

Wed, 16 Jan 2019 10:22:23 GMT

Netflix hikes prices for American subscribers

Netflix is lifting the monthly fees for the American subscribers by 13%-18%, the company's first price increase in about two years, amid rise in its spending on international expansion and original content in recent years.

Wed, 16 Jan 2019 10:13:58 GMT

Internet Gold fails to sell its Bezeq Israel Telecom's holdings

Internet Gold-Golden Lines has failed to sell its stake in B Communications, which controls the biggest telecoms group in Israel, Bezeq, the US regulatory filing showed.

Wed, 16 Jan 2019 09:36:59 GMT

Salesforces seeks acquiring ClockSoftware in $1.5B deal

Salesforce.com has entered talks to take over the US-Israeli software maker ClickSoftware Technologies in a deal worth about $1.5B, according to the Calcalist news website's report published on Wednesday.

Wed, 16 Jan 2019 08:36:17 GMT

Denmark's DSV bids for Swiss rival Panalpina

On Wednesday, the Danish freight firm DSV has made a bid to acquire its Swiss rival Panalpina for about 4.0B Swiss francs or 170 Swiss francs for a share.

Wed, 16 Jan 2019 08:28:25 GMT

Rubrik raises $261M in latest funding round

Rubrik, the Data management start-up, attracted $261M in its latest Bain Capital Ventures-led round of funding, valuing the firm at $3.3B.

Wed, 16 Jan 2019 07:30:43 GMT

Ralph Winter's office to fund Medici US shared housing

The family office of Ralph Winter, Germany's real estate investor, agreed to make a $300M worth investment within the next three years to develop about 1,300 US units of shared housing conducted under Medici's Quarters brand.

Wed, 16 Jan 2019 07:21:05 GMT

Sage Group plans US payroll outsourcing unit's sale

Sage Group is planning a sale of its US payroll outsourcing division for $100.08M, as the software provider seeks focusing on subscription services and move the majority of products to its cloud.

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