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☆ Israeli financial markets slide after judicial overhaul vote
▼ + stars: | 2023-07-24 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

JERUSALEM, July 24 (Reuters) - Israeli financial markets tumbled on Monday, with the shekel hitting a two-week low versus the dollar, after lawmakers ratified the first bill of a judicial overhaul sought by Prime Minister Benjamin Netanyahu. In protest at the vote, a forum of some 150 of Israel's largest companies held a strike on Monday. Azrieli (AZRG.TA) and Big (BIG.TA), two of Israel's largest malls, said stores in their shopping centres would be closed. But news that compromise talks collapsed erased early gains and sent the shekel weaker, with losses deepening after the vote. The shekel has weakened some 10% versus the dollar since late January when the government unveiled its controversial judicial overhaul plan, setting off mass protests and harming foreign inflows.

Persons: Benjamin Netanyahu, Nir Elias, Arnon Bar, Netanyahu, Steven Scheer, Bansari Mayur, Karin Strohecker, James Mackenzie, Christina Fincher, Sharon Singleton Organizations: REUTERS, Bank of Israel, MPC, Supreme, Thomson Locations: Tel Aviv, Washington

☆ Israel parliament starts vote on limiting supreme court power
▼ + stars: | 2023-07-24 | by ( Maayan Lubell | ) www.reuters.com time to read: +4 min

Nonetheless, commanding a comfortable majority in parliament, Netanyahu's coalition looked set to win the vote on the bill that limits the Supreme Court's powers to overrule decisions made by governments and ministers. 'DISASTER'[1/10]Israeli Prime Minister Benjamin Netanyahu shows Justice Minister Yariv Levin his phone as lawmakers gather at the Knesset plenum to vote on a bill that would limit some Supreme Court power, in Jerusalem July 24, 2023. "If you vote for this bill you will weaken the state of Israel, the people of Israel and the Israel Defence Forces." Justice Minister Yariv Levin who has been driving the changes defended the bill, which would amend a law enabling the Supreme Court to void decisions it deems "unreasonable". Netanyahu's coalition has been determined to push back against what it describes as overreach by a Supreme Court that it says has become too politically interventionist.

Persons: gov't, Netanyahu, Benjamin Netanyahu, Isaac Herzog, Yair Lapid, Yariv Levin, Amir Cohen, We're, Lapid, Levin, Dan Williams, Steven Scheer, Miral Fahmy, Tomasz Janowski Organizations: Monday, Police, Netanyahu's, REUTERS, Israel Defence Forces, Supreme, Thomson Locations: Washington, JERUSALEM, Jerusalem, Israel

Brookfield and DigitalBridge are leading opposing bidding consortia in the auction for privately held DigitalBridge, the sources said, adding an outcome is expected by next month. The terms of Compass' debt allow for it to be taken over by a new owner without it being refinanced, one of the sources said. The Deal reported in February that Compass Datacenters was exploring a sale. Compass Datacenters, Brookfield Infrastructure Partners and DigitalBridge declined to comment. During the same month, Brookfield Infrastructure also acquired freight container lessor Triton International Ltd (TRTN.N) for about $4.7 billion.

Persons: Dealmaking, Brookfield, Milana Vinn, Anirban Sen, Daniel Wallis Organizations: Brookfield Infrastructure Partners, DigitalBridge, RedBird Capital Partners, Ontario, Azrieli, Brookfield Infrastructure, Reuters, Triton International, Boca, Thomson Locations: Brookfield, Dallas , Texas, Data4, Boca Raton , Florida, New York

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