Israel · Country watch
Shekel Weakens, Shin Bet Faces Backlash
Shekel hits 7-month low amid political uncertainty; Shin Bet faces criticism over election probe.
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In this briefing Teva Pharmaceutical Industries · Israeli shekel · David Zini · Shin Bet
Companies
Teva raises guidance as branded drugs boost revenue
Teva Pharmaceutical Industries has raised its financial guidance after reporting stronger-than-expected third-quarter results, according to Globes. The company's revenue reached $4.4 billion, surpassing analysts' predictions of $4.2 billion. Non-GAAP earnings per share were $0.86, exceeding the consensus estimate of $0.72. The improved outlook is attributed to increased sales of branded drugs, bolstering investor confidence in the company's future performance.
Impact Teva's shareholders and investors gain from improved financial performance and raised guidance.
Sources: Globes ↗
Markets
Shekel at 7-month weakest against US dollar
The Israeli shekel has fallen to its weakest level against the US dollar in seven months, according to Globes. The decline is attributed to ongoing political and geopolitical uncertainties in Israel, compounded by falling stock prices on Wall Street. The shekel's depreciation raises concerns among investors and businesses relying on currency stability for their operations.
Impact Importers and companies with dollar-denominated expenses face increased costs due to the shekel's depreciation.
Sources: Globes ↗
Politics
Shin Bet chief criticized over election probe
Shin Bet chief David Zini faces political backlash for his handling of the election interference probe, Haaretz reports. Zini has been criticized for attempting to question Arab lawmakers without evidence and withholding material from police and the attorney general. Despite the controversy, the election chief has confirmed that results will be published as planned. The situation has sparked tensions among political parties and may impact future investigations.
Impact Political parties and public-sector stakeholders face heightened tensions and scrutiny over election probe handling.
Sources: Haaretz ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Trade.
Also today in the local press
- Report: Tanker struck by two unidentified projectiles off Oman’s coast — Arutz Sheva
- ‘We will not be intimidated’: Eisenkot outlines plan to replace Netanyahu — Ynet
- US prepared to strike Iran as early as Wednesday as Israel faces election chaos, diplomatic crisis — Ynet
- Aliza Bloch: Drop your political demands and save the country — Arutz Sheva
- US Midterm elections: First polls close as vote counting begins — Arutz Sheva
- Eisenkot gets opposition backing as leaders vow to form emergency gov't 'as soon as possible' — Jerusalem Post
- Lapid before meeting with change bloc leaders: We must form a government and oust Netanyahu — Arutz Sheva
- Eisenkot bloc moves to take control of Knesset as political deadlock deepens — Ynet
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Caputo's Tax Relief; Chaco Floods Persist
- Brazil: Selective Tax Set, Manaus Health Crisis
- Canada: Carney Intensifies US Trade Talks, Edmonton Law Push
- China: China Raises Forex Reserve, Yunnan ASEAN Trade Soars
- Colombia: Fiscal Law Urgency, Dollar Surge, Electric Car Tax
- Germany: Schaeffler Closures, Supermarket Cyberattacks, JD.com Deal
- Egypt: FRA Tightens Rules, Energy Projects Expand
- Spain: Madrid Protests, Renfe Strike, Emission Fines
- France: GiFi Judicial Review, Gas Storage Concerns
- United Kingdom: NHS Merger Rushed, Elizabeth Line Delays
- Indonesia: Revised Export Rule, Container Traffic Surge
- India: Delhi Air Quality Deteriorates, Sensex Surges
- Iran: Northern Imports Surge, Car Prices Soar
- Italy: Italy Faces Cyberattack Fallout, Medical Device Payback
- Jordan: Energy Efficiency Project and Blue Economy Incubator
- Japan: JA ZEN-NOH Fertilizer Hike, Typhoon 31 Warning
- Kenya: Kenya Halts Family Trusts, Ebola Patients Discharged
- South Korea: KOSPI Drops, LG Energy Solution Profits Surge
- Lebanon: Lebanon Fuel Prices Fall, Central Bank Raises Withdrawals
- Morocco: Weather Alerts and Port Modernization Loan
- Mexico: ISR Law Excludes Automakers, Fuel Prices Spike
- Malaysia: Contractor Failures Impact Projects; PM Warns of Security Threats
- Nigeria: NUPRC Opens Bidding, Customs Revamps Cargo Rules
- Netherlands: Ebusco Delays Salaries, EU-UK Ease Brexit Controls
- Poland: Fuel Prices Fall, NBP Board Changes, Chemical Spill
- Portugal: Intermarché Cyberattack, Schaeffler Job Cuts
- Russia: Sevastopol Power Limits, Airports Resume, Russia Eyes Sanction Response
- Senegal: Senegal Budget Rejected, Moody's Downgrades Rating
- Syria: Syrian-Chinese Investment Talks, Maritime Disruption Warning
- Turkey: Turkey's Record Exports, Inflation Hits 29.77%
- Ukraine: DTEK Plants Hit, Kyiv Power Crisis, SBU Probes Unrest
- United States: Measles Death in NY, Midterms Impact Business
- Vietnam: Vietnam's Trade Surplus Grows, Fuel Prices Drop
- Yemen: UN Warns on Taiz; Aden Seizes Drugs; Cabinet Reshuffle
- South Africa: Election Security Tightened, AGOA Trade Tensions