Israel Financial News

The United Nations’ human rights commission of inquiry says it is investigating “war crimes committed by all sides” of the rapidly escalating violence in Israel and Gaza following Saturday’s surprise attack by Hamas militants, which has ignited fears of a bigger regional escalation.

At the time of publication, half of the legislative branch of the federal government of the United States was largely paralyzed following a vote ousting then Speaker Kevin McCarthy.

Gaza border areas from Hamas militants as the war's death toll passed 3,000 on Tuesday, the fourth day of fierce fighting since the Islamists launched a surprise attack. Prime Minister Benjamin Netanyahu has warned Israel's military campaign following Saturday's onslaught was only the start of a sustained war to destroy Hamas and «change the Middle East». Fears of a regional conflagration have surged amid expectations of a looming Israeli ground incursion into Gaza, the crowded enclave from where Hamas launched its land, air and sea attack on the Jewish Sabbath. The death toll in Israel has surged above 900 from the worst attack in the country's 75-year history, while Gaza officials have reported 765 people killed so far. Hamas gunmen killed more than 100 people in the kibbutz of Beeri alone, said Moti Bukjin, a volunteer with the charity Zaka that recovers bodies in accordance with Jewish law.

Global companies have temporarily shut some operations in Israel and have asked employees to work from home following a devastating weekend attack by Palestinian Islamist group Hamas.

H&M: The clothing company said its local franchise partner has temporarily closed all stores in Israel. "Our stores will remain temporarily closed and return timeframes will be extended by 30 days from their reopening," a message on Zara-owner Inditex's website in Israel showed.

first learned on Sunday that Mizrachi was missing through a social media post by his former high school, King David High School in Vancouver, and confirmation from The Centre for Israel and Jewish Affairs.He is the second Canadian believed to have been killed in Israel since Hamas launched its attack Saturday.Israel has since retaliated with airstrikes in Gaza and by cutting off supplies of food, fuel, medicines and other goods.Alexander Look, from Montreal, is also believed to have been among those killed.

Tel Aviv, Israel, October 9th, 2023 - Following the ongoing attacks against Israel, a collective of local leaders in the crypto space have joined together ​​to establish Crypto Aid Israel to raise funds for displaced citizens in need of humanitarian aid.

Bitcoin (BTC), the world's oldest and most valuable digital currency, couldn't climb above $28,000 recently. 

Major blue-chip cryptocurrencies continue to slide, with Bitcoin (BTC) last trading in the $27,300s, down close to 1%, and Ether (ETH) last trading just to the north of $1,550 and down a little over 1%.

Investing.com — President Joe Biden on Tuesday pledged support for Israel and said his administration would be urging Congress to take action to fund additional military assistance to Israel. 

Check out the companies making headlines in midday trading.

MUMBAI : Indian stock markets took cues from global stock markets to recoup all their losses of the previous day, as hopes of the Israel-Hamas war remaining confined to the Gaza strip caused a softening in crude prices, which was reinforced by Israel’s TA 35 Index trading up 0.9% at 1745 at the time of writing. Dovish comments by a senior Federal Reserve official also boosted sentiment. While FIIs remained sellers of a provisional ₹1,005.49 crore, DIIs purchased shares worth ₹1,963 crore.

The social media platform X, formerly known as Twitter, says it is trying to take action on a flood of posts sharing graphic media, violent speech and hateful conduct about the latest war between Israel and Hamas

₹7,167 per bbl, having swung between ₹7,101 and ₹7,228 per bbl during the session so far, against a previous close of ₹7,184 per barrel. "Exciting news! Mint is now on WhatsApp Channels

Congress on Tuesday said there are no differences in the party on the CWC resolution on Hamas and reminded the BJP of former prime minister Atal Bihari Vajpayee favouring the cause of Palestinian people, after the ruling party slammed it for not referring to the terror attack on Israel in its resolution. The Congress came under attack from the Bharatiya Janata Party (BJP) for allegedly supporting Hamas and the Palestine cause, without referring to the attack on Israel. Congress's deputy leader in the Lok Sabha Gaurav Gogoi said there are no differences within the party over the CWC document, which has favoured a resolution of the Palestine issue through dialogue.

By Caroline Valetkevitch

Hamas' armed wing spokesperson, Abu Ubaida, told residents of Israel's port of Ashkelon to leave the area by 5 p.m.

Treasuries rallied on Tuesday, pushing two-year yields to their lowest in a month, due to a combination of demand for safe-haven assets amid ongoing violence in the Middle East and dovish Federal Reserve remarks that suggested the central bank may be done raising interest rates. Cash Treasury markets had been closed for a holiday on Monday, so Tuesday morning was traders' first chance to react to Palestinian militants' attack on Israel over the weekend as well as Fed officials' overnight comments. Benchmark 10-year yields were on track for their largest daily drop since July, while those on the two-year were on pace for the biggest daily decline since late August. «We had dovish statements yesterday by Fed officials and then you have flight to safety here from the tragic events in Israel. So people are being a little bit of cautious here,» said Stan Shipley, managing director and macro research analyst at Evercore ISI in New York. «We probably have seen the peak in rates here as seasonal factors are favorable for lower rates in November and December.

Israel long thought its hi-tech security barrier blockading the Gaza Strip was impenetrable, brimming with razor wire, cameras and sensors and fortified with a concrete base against tunnels and remote-controlled machine guns. But in the aftermath of the surprise Hamas onslaught, soldiers who were on guard duty have recounted the shocking moments when the militants launched their complex operation to breach Israel's «Iron Wall» around the enclave in multiple locations. The massive attack at dawn Saturday came under cover of a rocket barrage aimed at Israel and involved sniper fire, explosives dropped from drones, and bulldozers that ripped through the six-metre (almost 20-foot) tall double fence barrier. More than 1,500 militants quickly swarmed through in pick-up trucks and on motorcycles, joined by others using gliders and speedboats at sea, to unleash gun attacks that claimed hundreds of lives in nearby communities. «At 6:30 am (0330 GMT) the rockets started,» a lookout soldier who was stationed in Nahal Oz, across from Gaza City, said in a televised interview from her hospital bed. «About 30» militants quickly occupied the army base and held it for seven hours, the soldier, identified only as Y., told Israel's Channel 12. «I sprinted barefoot to the bomb shelter, and after an hour we started hearing voices in Arabic, and they started shooting at the entrance,» she recalled. Until an elite Israeli army unit finally retook the base, «for all those hours, it became their (Hamas's) camp», the soldier said. — Sniper attacks - In the opening moments of the massive attack, snipers «fired at the observation posts» dotted along the 65-kilometre (40-mile) long barrier, an Israeli army spokesperson told AFP. A soldier

Crypto exchange Binance has frozen accounts linked to Hamas militants as per requests from Israeli law enforcement.

World Bank President Ajay Banga said on Tuesday that the Israel-Gaza conflict is an unnecessary global economic shock that will make it harder for central banks to achieve soft landings in many economies if it spreads. «It's a humanitarian tragedy and it's an economic shock we don't need,» Banga told Reuters on the sidelines of the World Bank-International Monetary Fund annual meetings in Morocco. Central banks were «beginning to feel a little more confident that there was an opportunity for a soft landing, and this just makes it harder», Banga said. Banga said there was less immediate economic impact than at the start of Russia's invasion of Ukraine last year because the Israel-Gaza conflict does not impact exports of oil, grains and fertilizers. But it does transmit through financial markets, with dollar assets suddenly rising, he said. Inflation has come down in recent months, prices and wages were stabilizing and markets had become used to the idea that rates would stay higher for longer, Banga said, adding that another prolonged conflict could upset those dynamics. «It's the side effects of all that.