Bloomberg News

ISRAEL DAYBOOK: Bank of Israel to Release Development Report

October 16, 2011

(ILGD <GO> for Israel Finance Ministry)

(ECO IS <GO> Israel Economic releases)

(BOIJ <GO> for Israel Central Bank)

(MET <GO> and EXTRA <GO> for Middle East turmoil)

Oct. 16 (Bloomberg) -- The Bank of Israel is scheduled to release its report on recent economic developments. The Central Bureau of Statistics said on Oct. 14 consumer prices declined in September as protests helped push down costs.

WHAT TO WATCH: * Israel begins to pardon Palestinian prisoners to be exchanged for the freedom of abducted soldier Gilad Shalit.

EQUITY MOVERS: * AudioCodes Ltd. (AUDC IT), the maker of technology that allows for Internet calls, said on Oct. 13 it agreed to allow BroadSoft Inc. to resell its mobile product. AudioCodes dropped 2.2 percent to 9.442 shekels. In New York, it closed up 3.7 percent at $3.06 on Oct. 14. * Africa-Israel Investments Ltd. (AFIL IT), the holding company with interests in real estate, said two units agreed to sell the Clock Tower building in New York for $165 million. Africa Israel added 0.5 percent to 11.28 shekels. * Discount Investment Ltd. (DISI IT) said it will sell its 46 percent stake in the Shufersal Ltd. supermarket chain for 2.42 billion shekels ($660 million). Discount shares gained 3.4 percent to 32.81 shekels. * Israel Chemicals Ltd. (ICL IT): Syngenta AG, a competitor of the Israeli harvester of fertilizer from the Dead Sea, forecast on Oct. 14 that full-year revenue will rise “substantially” as it sees no drop-off in orders. Israel Chemicals lost 1.3 percent to 40.20 shekels. * Teva Pharmaceutical Industries Ltd. (TEVA IT), the world’s largest generic drugmaker, completed its acquisition of Cephalon Inc. after it agreed to sell off a generic version of Cephalon’s biggest product, Provigil. Teva gained 1.6 percent to 140.20 shekels. On Oct. 14, it gained 0.4 percent to $39.17 in New York, the equivalent of 143.20 shekels.

MARKETS: * The TA-25 Index rose 0.6 percent to 1,084.73. * The yield on the Mimshal Shiklit government bond due January 2022 was at 4.66 percent. * The shekel strengthened 0.03 percent to 3.6559 per dollar in Oct. 14 trading. * Corn for December delivery dropped 0.3 percent to $6.40 a bushel. * Crude oil for November delivery added 3.1 percent $86.80 a barrel. * Gold for immediate delivery rose 1 percent to $1,679.15 an ounce.

--Editors: Shaji Mathew, Louis Meixler

To contact the reporter on this story: Gwen Ackerman in Jerusalem at gackerman@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus