Europe

TASE Falls by 1.1% on Thursday

Tel Aviv Stock Exchange (TASE) fell by a 1.09% on Thursday to 1,230.88 points while the Tel Aviv-100 Index declined by 1.29% to 1,082.90.

The TechBlue 50 Index fell by 0.94% to 331.54 points. The decline is thought to be caused by the losses in the European markets. The Teva Pharmaceutical industries Ltd. fell by 3.5% after the strategic plan for it was published.

Dollar Rises against Japanese Currency

Thursday observed a rise in the US dollar against the Japanese yen, while it slipped down against the euro.

The US dollar rose from ¥83.26 to ¥83.64 against the yen. The losses to yen are supposed to be due to the Federal Reserve's decision to expand monetary stimulus. It said that it would be buying additional ling-maturity securities worth $45 billion.

Greece to Receive Latest Tranche of bailout Funds

After going through brainstorming discussions, eurozone finance ministers and the International Monetary Fund decided to provide 44bn euros to Greece. The amount, which yet has to be received, is said to be the latest tranche in the bailout funds that are vital to run the economy.

Spain Receives Funding to Support Banking System

In order to make sure that Spain's banking system keeps on moving, the European Stability Mechanism has provided the country with an aid package worth 39.5 billion euros.

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