Category: News
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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Israeli fire kills dozens in Gaza, polio vaccinations in full swing By Reuters
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Written by Nidal Al-Maghribi CAIRO (Reuters) – Israeli forces killed at least 48 Palestinians in the past 24 hours across the Gaza Strip as they tried to repel an offensive by Hamas-led militants, Palestinian officials said on Monday, while medics conducted a second day of polio vaccinations for children in…
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If I Could Only Buy 1 Dividend Stock in September, This Would Be My Top Choice
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I buy a lot of dividend stocks. I focus on dividend stocks because they have proven to be powerful wealth creators. Over the past 50 years, dividend stocks have outperformed the average stock in the United States. Standard & Poor’s 500 –The average total annual return of these companies, 9.2%,…
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China warns Japan of economic reprisal if potential new chip curbs are imposed
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HH 5800 China has warned of tough economic retaliation against Japan if it continues to impose restrictions on its sales and maintenance of chipmaking equipment to Chinese companies, Bloomberg News reported. Senior Chinese officials have reiterated this position in recent meetings with their Japanese counterparts, the report said. Added Quoted…
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How profiteers made Kenyans pay Sh24bn extra for cooking gas
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A new government-backed report reveals that Kenyan households are spending an additional Sh881 to buy 13kg of cooking gas due to a lack of competition in importing the commodity. A study report on the cost of service for the supply of Liquefied Petroleum Gas (LPG) by consultants hired by the…
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Mark Cuban’s poll reveals surprising preference for Trump over Harris as parents role model for children
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Billionaire entrepreneur and Shark Tank star Mark Cuban recently sparked controversy on X (formerly Twitter) when he asked his followers whether they would prefer Donald Trump or Kamala Harris as a role model for their children. Despite Cuban’s continued criticism of Trump, the results of the informal poll were unexpected,…
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ILA issues tender for over 7,000 Sde Dov homes
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The Israel Lands Administration today published one of its largest “waves” of tenders, and certainly the most expensive in recent times. The tenders are for the construction of 7,159 housing units in Sde Dov, north of Tel Aviv. Before today, the ILA had marketed 2,650 housing units in the Eshkol…
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Plotting for payrolls By Reuters
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A look at the day ahead in European and global markets from Wayne Cole. The start of the month was quiet, with holidays in the U.S. and Canada draining liquidity ahead of a deluge of U.S. payrolls data that will culminate on Friday. Wall Street and European stock futures were…
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ForexLive Asia-Pacific FX news wrap: USD/JPY heads up to 146.60, drops back under 146.00
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Hong Kong Property Pain Worsens for New World and Scion CEO
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(Bloomberg) — Shares of New World Development Co. fell as much as 14% Monday morning, as a slowdown in Hong Kong’s property market weighs on the company owned by billionaire Cheng’s family. Most Read from Bloomberg The company said late Friday it expects to post a loss of up to…
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Acadia Healthcare is holding patients against their will to increase insurance payouts:NYT
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Update 6:05 PM ET: Added Acadia Response Acadia Healthcare (NASDAQ:ACHC), one of the largest operators of behavioral health centers in the United States, is holding people against their will in order to maximize insurance payments, The New York Times reported Sunday. In in At least 12 of the 19 states…
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How sustainability reporting can bridge the trust deficit in society
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In recent months, many countries have experienced social unrest and various forms of civil unrest. These events can be attributed to several factors, including a lack of trust within society. Organizations in both the public and private sectors are dealing with record low levels of trust, which remains a factor…
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Flight Centre makes gains with SMEs, boosting corporate growth
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Flight Centre Travel Group has announced a 10% year-on-year increase in the total transaction value of its global business in the 2024 financial year ended June 30, driven largely by wins among small and medium-sized enterprises. The company’s corporate business, which includes SME and FCM travellers focused on large markets,…
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Asia Eyes Cautious Open After China Factory Data: Markets Wrap
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Breadcrumbs Path Links PMN Business Asian stocks are set for a cautious start to a historically volatile month for markets as evidence grows that China’s efforts to prop up its ailing economy have yet to pay off. Article author: Bloomberg News Matthew Burgess Published on September 1, 2024 • Read…
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Israeli startups raised $200m in August
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Collecting Credit Dollars: Shutterstock Israel Land Authority issues tender to build over 7,000 housing units in Sde Dov Histadrut calls for general strike on Monday in protest of hostage deal The lower amount in August reflects a recent trend of higher amounts being raised by private tech companies in Israel.…
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Israel’s main labour union calls strike as pressure mounts for hostage deal By Reuters
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By Emily Rose and Stephen Sher JERUSALEM (Reuters) – The head of Israel’s largest labor union called for a general strike on Monday to pressure Prime Minister Benjamin Netanyahu’s government to return Israeli hostages still being held by Hamas in Gaza, as thousands of protesters took to the streets. The…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
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By Max A. Czerny and Milana Finn (Reuters) – Intel Corp Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker,…