Netanyahu Struggles to Woo Investors Shaken by Turmoil in Israel
- Israel’s prime minister to change judge selection process
- Shekel, bonds stall as protest groups plan more demonstrations
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Investors are unconvinced by Israeli Prime Minister Benjamin Netanyahu’s pledge to scale back a judicial system overhaul that has triggered months of nationwide protests and threatened to weaken the economy.
The prime minister’s promise to change the judge selection process and abandon a broader overhaul has, so far, failed to rekindle confidence among global investors. Israel’s foreign bonds and the shekel hardly gained on Monday, struggling to recover from a recent selloff, even as stocks rose.