Lloyds shares are rocketing in early trading after the British bank said it would still pay a decent dividend to shareholders despite profits dropping. The stock price is up nearly 10% and investors can’t seem to get enough of the bank stock. Google Finance Statutory profit before tax actually dropped to £1.6 billion, from £1.8 billion in […]

Reuters Deutsche Bank CEO John Cryan pictured in 2009. Deutsche Bank unveiled a record net loss for the third quarter of this year. The German lender reported a net loss of €6 billion (£4.3 billion, $ 6.6 billion) with €1.2 billion of that being for litigation charges. Its litigation reserves now top €4.8 billion. Revenues […]

KUALA LUMPUR (June 25): SapuraKencana Petroleum Bhd (SKPB) is not looking at a fixed dividend policy yet. Speaking at a press conference after SKPB’s AGM, Datuk Hamzah Bakar told reporters that the group is on a steep growth trajectory and is not yet ready for a dividend policy. “We want to be clear in setting […]