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MADRID (Reuters) – Spanish drug maker Grifols, battling a plunge in its share price this year, plans to add independent directors to its audit and compensation committees to improve its governance, its chairman said in a newspaper interview published on Sunday. Grifols’ market value has shed billions of euros since short-sheller Gotham City Research released …

Spanish drug maker Grifols will bring in independent directors, chairman tells newspaper Read More »

BERLIN (Reuters) -German airline group Lufthansa said on Sunday it was suspending flights to Amman, Erbil and Tel Aviv until Tuesday and flights to Beirut and Tehran until the Thursday at least following the latest violence in the Middle East. The group, which includes the German flagship carrier as well as Swiss and Austrian airlines, …

Lufthansa suspends flights to Amman, Beirut, Erbil and Tel Aviv Read More »

PARIS (Reuters) – The European Central Bank (ECB) is increasingly confident that it is winning the fight against inflation, which makes an interest rate cut in June very likely, ECB policymaker Francois Villeroy de Galhau said on Saturday. The ECB held rates at a record high last week but signalled it could start cutting them …

ECB’s confidence in fight against inflation growing, Villeroy says Read More »

By Nilutpal Timsina and Pratima Desai (Reuters) -The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new U.S. and UK sanctions imposed for Russia’s invasion of Ukraine. The sanctions aim to restrict revenues for Russia from the export of metal produced by …

LME bans Russian-origin metal after UK, US impose new sanctions Read More »

DUBLIN (Reuters) – Ireland will extend a temporary waiver on the levy homebuilders are obliged to pay local authorities until the end of the year, the housing minister said on Saturday as the government seeks to boost supply to levels needed to meet demand. Despite recovering to a 15-year high of almost 33,000 units last …

Ireland to extend levy waiver for homebuilders, minister says Read More »

ZURICH (Reuters) – The Swiss government’s proposed tougher capital requirements for the banking industry will impact UBS’s ability to grow, the country’s finance minister said in an interview published on Saturday. Switzerland’s largest bank will have to hold more capital if the regulatory package, announced on Wednesday to prevent a repeat of the collapse of …

New capital requirements for Swiss banks will slow growth at UBS, says finance minister Read More »