JERUSALEM May 19 Bank Leumi, Israel's second-largest lender, reported a lower quarterly profit that fell short of expectations due in part to a one-time increase in tax expenses.
Leumi on Thursday posted first-quarter net profit of 459 million shekels ($119 million), compared with a 1.18 billion a year earlier, which had been boosted when the bank sold off sizeable stakes in two Israeli companies.
18:05 DP World, Quebec's Caisse to create C$5 billion investment vehicle14
15:14 Russia central bank: hackers stole over 2 billion roubles from accounts in central bank11
14:45 Spain raises taxes to try to meet EU deficit target13
15:40 Oil Jumps After OPEC Agrees to First Production Cut Since 200810