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BRIEF: Discount Bank workers committee calls work dispute
Globes, Tel Aviv, IsraelIsrael Discount Bank (TASE: DSCT) today notified the Tel Aviv Stock Exchange (TASE) that it had been informed by its workers committee and the Histadrut (General Federation of Labor in Israel) that a work dispute has been declared, with a strike set to...Tags: Labor Disputes, Employees, Israel
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Elsztain agrees further investment in Dankner cos
Globes, Tel Aviv, IsraelIDB Holding Corp. Ltd. (TASE:IDBH) controlling shareholder and chairman Nochi Dankner has reached agreement with Eduardo Elsztain on a formula for further investment by the latter in Ganden, the company via which Dankner controls IDB, and in IDB itself....Tags: Israel
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BRIEF: Finance Minister nixes raising women's retirement age
Globes, Tel Aviv, IsraelThe 2013-2014 budget and the accompanying Economic Arrangements bill will not include any rise in the retirement age for women. Minister of Finance Yair Lapid has decided that the retirement age for women should not rise for now, and that a professional...Tags: Israel
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Netanyahu: We'll lower cost of living
Globes, Tel Aviv, Israel"We're committed to bringing down the cost of living," Prime Minister Benjamin Netanyahu said at the opening of today's cabinet meeting. "This government has set this as a target and we will achieve this. This is a government that is promoting reforms....Tags: Israel, Benjamin Netanyahu
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BRIEF: Private sector job openings up slightly
Globes, Tel Aviv, IsraelIn the first quarter of 2013 there were rises in the number of jobs openings, in job placements, and in the positive net hiring balance, but also in the number of layoffs, according to analysis by the research and economics administration in the...Tags: Unemployment, Job Layoffs, Israel, Layoffs and Downsizing
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BRIEF: IAI leases Better Place electric car fleet
Globes, Tel Aviv, IsraelIsrael Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) today signed a leasing agreement with Better Place to operate a fleet of electric vehicles. The fleet of several dozen Renault Fluence Z.E. cars will replace regular fuel vehicles in the company car...Tags: Fuel-efficient Vehicles, Environmental Pollution, Israel, Hybrid Vehicles
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BRIEF: Fuel price to fall again
Globes, Tel Aviv, IsraelThe price of fuel is nearing NIS 7 per liter. The price of 95 octane benzene will fall overnight between Tuesday and Wednesday by NIS 0.31 per liter, a reduction of 4.1 percent, to NIS 7.26. The price of 95 octane benzene will thereby complete a...Tags: Israel
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China's Fosun buys Alma Lasers for $240m
Globes, Tel Aviv, IsraelChina's Shanghai Fosun Pharmaceutical Group Co. Ltd. (SH: 600196; HK: 02196) and its subsidiary Pramerica-Fosun Fund have announced the acquisition of a 95.6 percent stake in Alma Lasers Ltd. for $240 million. This is Fosun's first acquisition since its...Tags: Instrument Engineering, Manufacturing and Engineering, Israel, China
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BRIEF: El Al offers special discounts on May-June flights
Globes, Tel Aviv, IsraelFollowing last week's wildcat strike, which angered many Israeli travelers, El Al Israel Airlines Ltd. (TASE: ELAL) is now trying to improve its battered image. The carrier today announced discounts to a range of destinations from today until June 30....Tags: Israel
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Cabinet approves car imports bill
Globes, Tel Aviv, IsraelThe cabinet today approved the Ministry of Transport's proposal for the vehicle services registration bill, which sets out arrangements for importing new vehicles, and the sale and trade of used vehicle parts. The reform is supposed to lower the prices of...Tags: Vehicles, Marketing, Israel, Passenger Cars, Imports
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BoI on standby as shekel-dollar rate hovers at NIS 3.6/$
Globes, Tel Aviv, IsraelThe Bank of Israel will be on standby on Monday morning as inter-bank trading opens with the shekel-dollar exchange rate hovering at the significant NIS 3.6/$ threshold. Earlier this month the Bank of Israel intervened on the foreign currency market for...Tags: Israel, Money and Monetary Policy, Currency Values
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Court wants agreed IDB Development solution by Monday
Globes, Tel Aviv, IsraelThis morning, the Tel Aviv District Court began to hear the request of the representatives of the IDB Development bondholders, headed by York Capital and Psagot, to force a debt arrangement on the company. The two sides were told to continue...Tags: Justice System, Israel, Bonds, Judges
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