Israel Financial News

The ongoing conflict between Israel, the United States, and Iran and its regional allies in Lebanon, Iraq, Syria, and Yemen continues to escalate tensions in the Middle East. The recent Gaza war, triggered by Hamas's October 7 attack on Israel, resulted in significant civilian casualties and hostage-taking.

Israel after Hamas launched horrific terror attacks on October 7, 2023, saying the strategic relations between the two nations are widely known. “It's natural and very much appreciated that the Government of India made a statement in support of its strategic partner, Israel. The ties between India and Israel are very strong and will continue," he said as quoted by newswire ANI. He believes that the international community should stand in solidarity with Israel against October 7 attacks and should not leave the country to fend for itself until all contentious issues are resolved and Israeli hostages are released.

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Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region. Brent crude futures climbed 34 cents, or 0.38%, to $90.08 a barrel, while U.S. West Texas Intermediate crude futures rose 44 cents, or 0.51%, to $85.45, at 0033 GMT.

India, Daniel Carmon, on Thursday, came out in praise of the Indian government over its support for his country after the horrific terror attacks by Hamas on October 7, last year, saying New Delhi sent out a larder message by putting its weight behind its 'strategic partner'. «The wonderful ties and the strategic relations between India and Israel are well known. And it was only natural and very much appreciated that the government of India made a statement, a very quick one, of support to its strategic partner, Israel. These relations are very strong and will continue,» he said. «The international community should stand in solidarity with us in light of this tragedy (the October 7 attacks) and should not leave us to fend for itself even for a single second until all contentious issues are resolved, and until they (Israeli hostages) are unconditionally and immediately released. India knows a thing or two about terrorism and how to confront it,» he added.

Israel was on alert Thursday after its arch-foe Iran threatened reprisals over a strike in Syria this month that killed two Iranian generals, and as the war against Hamas ground on in Gaza. Days after Israel strengthened its air defences and paused leave for combat units, the United States also warned of the risk of an attack by Iran or its allied groups at a time when Middle East tensions have soared. Iran is «threatening to launch a significant attack on Israel», US President Joe Biden said Wednesday, pledging «ironclad» support for its top regional ally despite diplomatic tensions over Israel's military conduct in Gaza.

According to data sourced from Prime Database, there are 28 non-India expat CEOs among the 2,521 CEOs cumulatively appointed by 2,048 listed companies at end of FY24. The number of expat CEOs has hovered around the same levels over the past decade with several being individuals of Indian origin. In a country that is a CEO factory for the world, an expat CEO remains an exotic species. India Inc has largely been homogeneous in its C-suite appointments with a clear preference for home-bred desi CEOs. This is due to a variety of reasons such as cost, culture fit, understanding of the market complexities & regulatory systems.

MUMBAI : Rich and retail investors have turned bearish on index futures, the first time in nearly three months, indicating stocks trading at record levels may be close to a peak for now as tensions rise in West Asia. On Wednesday, when the Nifty kissed a fresh high of 22775.70 points, retail and high networth individual investors (HNIs) initiated cumulative bearish bets on these index futures contracts, showed data from NSE, which groups both under the 'Client' category. The category turned cumulative net sellers of 16,088 Nifty and Bank Nifty futures contracts, marking a shift 84 days after remaining net buyers of these contracts.

Ei-ul-Fitr, while Gaza's Hamas leader Ismail Haniyeh mourned the loss of his three sons and four grandchildren in an Israeli airstrike. According to reports, an Israeli airstrike killed the sons and grandchildren of the Hamas leader on Eid. However, a Reuters report suggests that the airstrike was done without consulting Israeli Prime Minister Benjamin Netanyahu.

WASHINGTON—U.S. intelligence reports show that an attack on Israeli assets by Iran or its proxies could be imminent, U.S. officials said Wednesday, as the top American military commander for the Middle East headed to Israel to coordinate a response.

Is China going to default? Fitch cuts rating to negative Also Read: Will India overtake China to become world's economic heavyweight by 2028? Meanwhile, the US consumer price index (CPI) rose 0.4 per cent month-on-month (MoM) and 3.5 per cent year-on-year (YoY), above the Street expectations of 0.3 per cent MoM and 3.4 per cent YoY, according to data released by the Labor Department's Bureau of Labor Statistics on Wednesday, April 10. Core inflation, which the Fed tracks closely, grew 0.4 per cent MoM against the expectations of a 0.3 per cent increase.

Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC. Brent crude futures advanced by 4 cents to $90.52 a barrel by 0047 GMT, while U.S. West Texas Intermediate crude futures were up 2 cents at $86.24 a barrel.

Oscar-winning actor Anthony Hopkins is set to portray King Herod in the upcoming biblical thriller 'Mary,' alongside newcomer Noa Cohen in the titular role. Filming has recently concluded in Morocco, and the movie promises a gripping retelling of the classic story, a Deadline report said. Cast

both Brent and WTI fell more than one per cent. Coming to domestic prices, crude oil futures last traded 0.18 per cent higher at ₹7,115 per barrel on the multi commodity exchange (MCX) platform.

Pedro Sanchez warned Wednesday that Israel's «disproportionate response» in the Gaza war with Hamas risks «destabilising the Middle East, and as a consequence, the entire world». Sanchez also insisted that the recognition of a Palestinian state, long resisted by Israel and its key allies, is «in Europe's geopolitical interests». Sanchez had already raised the subject of statehood during a visit last week to Jordan, Saudi Arabia and Qatar, when he told reporters that Spain could recognise Palestine as a nation by the end of June.

Turkey and Israel have announced trade barriers on each other as relations deteriorate further amid the war in Gaza

The killing of three private security contractors in last week’s Israeli strike on an aid convoy in Gaza shined light on an industry that in recent years has shifted from working for military forces to helping protect humanitarian organizations that operate in conflict zones. John Chapman, James Henderson and James Kirby—employees of Solace Global, a U.K.-based security and risk-management company—were among seven who were killed when Israeli drone strikes hit the convoy organized by World Central Kitchen, a humanitarian group founded by chef José Andrés.

US Secretary of State Antony Blinken, who criticised the international community for failing to hold Hamas accountable. Both officials insisted that Israel must guarantee long-term improvements to the humanitarian situation in the Gaza enclave.

Biden said Prime Minister Benjamin Netanyahu's Gaza policy was a «mistake» and urged Israel to call for a ceasefire, in an interview aired Tuesday. Biden's comments were some of his strongest criticism yet of Netanyahu amid growing tensions over the civilian death toll from Israel's war on Hamas and dire conditions inside Gaza.

Brent crude futures were flat at $89.42 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 2 cents to $85.25.

Germany strongly denied allegations that it was supporting genocide in Gaza by providing Israel with arms, Al Jazeera reported. The International Court of Justice (ICJ) was informed on Tuesday by Tania von Uslar-Gleichen, the legal adviser for the German Foreign Ministry, that Nicaragua's lawsuit was hurried and based on thin evidence, and that it ought to be dismissed for lack of jurisdiction.