Business in Brief: Partner mulls credit cards, development of Leviathan gas field half done


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Partner Communications mulling branching out into credit label business


Partner Communications, a country’s second-largest mobile carrier, pronounced Thursday it is deliberation a incursion into a credit label business as a source of destiny growth. It is suspicion that Partner is eyeing Leumi Card, that is owned 80% by Bank Leumi and 20% by a Azrieli Group. Partner disclosed a new instruction in a first-quarter gain report. It available an 86% dump in quarterly increase as it continued to deposit heavily in a deployment of a fiber-optics network and a TV service. The association also pronounced it designed to buy behind adult to 200 million shekels ($56 million) of a possess shares between Jun 4 and May 30, 2019. Partner pronounced it warranted 9 million shekels in a initial quarter, down from 64 million a year earlier. Revenue rose 3% to 826 million shekels, with a mobile subscriber bottom descending by 7,000 in a initial entertain to 2.67 million. The company’s shares sealed 6.8% aloft during 14.16 shekels Thursday. (Michael Rochvarger and Reuters)


Ormat Technology’s substation, room nearby Kilauea volcano burnt by lava


Lava from a Kilauea volcano in Hawaii has burnt a substation during Ormat Technology’s Puna geothermal plant nearby a volcano as good as a room where drilling apparatus was being stored, a Israeli geothermal organisation reported Thursday. The lava also lonesome a categorical highway heading to a plant, shutting a road. The tear began May 3 and 3 days after compulsory a sum shutdown of a plant, that is located on Hawaii Island, a largest of a state’s islands. The repairs to a Ormat substation and room are lonesome by a $100 million word process opposite volcanic eruptions and earthquakes. In light of a repairs caused to a delivery network confirmed by a internal electrical utility, Hawaii Electric Light, Ormat, that has a 63% interest in a plant, pronounced it would be a estimable duration of time until a new substation is adult and running, adding that it is unfit to envision when a Puna facility, that provides a entertain of a island’s power, will again be generating electricity. (Yoram Gabison)


Delek says half a work on growth of Leviathan gas margin finished in Q1



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The Delek Group has announced that, as of a finish of March, about half of a work in building a Leviathan offshore healthy gas margin in a Mediterranean was finished and that gas should start issuing from a field, Israel’s largest, subsequent year. The work achieved enclosed a laying of underwater pipes joining a gas wells to a categorical tube and a construction of a estimable apportionment of a prolongation rig, a association said. These sum came Thursday as Delek expelled a initial entertain financial results, stating a decrease in income from appetite operations in Israel after offered off 9.25% of a interest in another gas field, Tamar, in that it defended a 22% share. Delek pronounced all told, it warranted 243 million shekels ($68 million) in a initial quarter, adult from 220 million a year earlier. Revenue rose to 1.78 billion shekels from 1.54 billion. (Eran Azran and Reuters)


Leading TASE indexes scarcely unchanged


Shares were churned on a Tel Aviv Stock Exchange Thursday after a clever opening. The blue chip TA-35 index  finished a day off 0.03% during 1,512.01 points, while a TA-125 finished adult 0.05% during 1,365.05. The Banks-5 index rose 0.7% to 2,032.63. Trading volume was 1.88 billion shekels ($527 million). Phoenix Holdings shares rose 2.7% to 20.10 shekels, notwithstanding stating a 34% decrease in first-quarter profits. Harel Insurance shares edged down 0.4% to 27.11 following a news Thursday of first-quarter increase of 80 million shekels, down from 253 million a year earlier. (Jasmin Gueta)


Article source: http://www.france24.com/en/20161117-feds-yellen-rate-hike-likely-appropriate-relatively-soon


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