Shekel weaker ahead of ECB rate call

In Israel the Central Bureau of Statistics will announce the Consumer Price Index for November tomorrow, which will give an indication of when the next rate hike can be expected. The shekel is weakening today…

Amdocs sees revenue growth in next three years

Israeli business IT systems and solutions company Amdocs Ltd. (NYSE: DOX) expects revenue growth to continue, with profit per share rising by a slightly higher rate than the increase in its revenue, according to figures…

Bakeries seek hike for price-controlled bread

Galei Tzahal (Army Radio) today reported that Israel's largest bakeries have asked the committee for price controls to approve a 3.4% increase for price-controlled bread, amounting to NIS 0.15 per loaf, citing an increase in…

Spotify exec Amber Grimes joins Capitol Music Group…

Widely respected music executive and entrepreneur Amber Grimes has been hired to the newly-created position of Senior Vice President of Global Creative for Universal Music-owned Capitol Music Group. In her new position, Grimes will be…

Why has Sony Music just launched a streaming…

Yesterday brought head-turning news: Sony has launched its own Hi-Res streaming service in Japan, built on the B2B technology of Rhapsody International. Although the platform is a Sony Music product, it’s not actually from the…