Trader watches the stocks 311.
(photo credit: AP)
Virginia to assist Israeli clean-tech firms • By BATYA FELDMAN
state government believes in Israeli capabilities and has launched a program to
support and encourage Israeli clean-tech companies. Via Virginia Israel Advisory
Board and with the collaboration of the Zysman, Aharoni, Gayer & Co. law
firm, a Dominion Resources commercialization team is now in Israel to interview
25 clean-tech companies, of which five will receive aid packages.
program is directed at companies close to commercialization of their products
and which are targeting the US market. The chosen companies will receive
financial, technological and management assistance and will open offices in
Virginia. Candidates include CQM Ltd., Emefcy Ltd. and Pythagoras Solar
The Virginia government and ZAG are cooperating with Dominion
Resources, which has a market cap of $25 billion. Dominion Resources is one of
the largest US energy products and transportation companies, operating in 12
states.Noble Energy keeps up the pressure
• Globes correspondent
Minister Yuval Steinitz met Monday with Noble Energy chairman and CEO Charles
Davidson, after meeting Delek Group controlling shareholder Yitzhak Tshuva and
representatives of Isramco controlling shareholder Jackob Maimon last week.
Noble Energy owns 36 percent of the Tamar license and 39.66% of the Leviathan
“The meeting between the finance minister and Davidson was held
in accordance with Steinitz’s promise to hear the representatives of the energy
companies after the publication of the final report of the Sheshinski Committee
to review fiscal policy in the oil and gas industry,” the Finance Ministry said
in a statement.
The gas exploration companies are continuing to apply
pressure on Steinitz and Prime Minister Binyamin Netanyahu not to accept the
Sheshinski Committee recommendations. A senior advisor in the Bush
administration has said Noble Energy would ask Congress to pressure the Israeli
government, Globes reported Sunday.Correlix gains NYSE Euronext share
Correlix Ltd., the Israeli startup whose software monitors the speed of
transactions on financial exchanges, said Monday its technology was chosen by
NYSE Euronext, giving it a majority market share. “Today Correlix is being used
to monitor about 60 percent of all US equity daily trading volume,” Correlix
founder, president and chief technology officer Shawn Melamed said in a phone
interview from New York.
NYSE Euronext will start implementing the
Correlix software later this year, the two companies said in a press release.
Correlix clients include Nasdaq OMX Group Inc., CBOE Holdings Inc. and Direct
Edge Holdings LLC, all added last year. In the coming year, it plans to expand
in Europe and Asia and extend offerings to monitor trading of futures,
foreign-currency exchanges and fixed income, Melamed said. • Bloomberg Bankers:
Global economy ticks upward
BASEL, Switzerland (AP) – The global economy is
recovering faster than expected, the world’s leading central bankers said
Monday, though they see dangers from inflation and rising food prices in
The recovery is particularly strong in emerging
economies such as China, Brazil and India, according to the group of central
bankers that meets in Basel every other month to assess the world
“At the level of the global economy, the recovery would be
confirmed in the eyes of the global economy meeting. Growth is there and
particularly I’d have to say impressive in the emerging economies. But it’s
confirmed at the global level,” Jean-Claude Trichet, the group’s chairman and
president of the European Central Bank, said at a press conference.