S.Africa stocks hit record high on weaker rand
Kenya's CFC Stanbic's pretax profit soars in first quarter
Apple to argue for tax reform, defend tax practices on Tuesday
GE Capital plans to pay $6.5 billion in dividends to GE (Reuters) - General Electric Co said its financial unit GE Capital Corp would pay $6.5 billion in dividends to the parent in 2013 as part of a plan to reduce the unit's size. "This announcement is consistent with our goal to reduce the overall size of GE Capital and for it to return significant cash to GE," GE CEO Jeff Immelt said in a statement on...... Algeria energy earnings fall 9 pct Jan-April vs same 2012 period
Mauritius tourism revenue drops 12.4 pct yr/yr in Q1
S.Africa's Vodacom FY earnings up 23 pct on Africa units
S.Africa's Barloworld boosts H1 profit, Russia unit robust JOHANNESBURG (Reuters) - South African industrial group Barloworld Ltd boosted first-half profit by a third on Monday, as a solid result in its Russian mining equipment business offset slack demand at home. Barloworld, which also sells cars and forklifts, said headline earnings per share totalled 321 cents in the six months to end-March compared wi...... S.Africa's Netcare H1 profit up 25 pct, local unit robust
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NEW YORK (AP) ? Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
JOHANNESBURG (Reuters) - South Africa's JSE Top-40 blue-chip index hit a lifetime high on Tuesday as a weaker rand currency at helped boost some exporters such as Anglo American and Kumba Iron Ore. Exporters benefit from a depreciating rand, which lifts their profits when overseas earnings are brought home. The index rose 1.37 percent to 37,04......
NAIROBI (Reuters) - Kenya's CFC Stanbic Bank posted a 79.5 percent jump in pretax profit for the first quarter from a year ago to 1.46 billion shillings. Banks in east Africa's biggest economy have reported higher earnings for the first three months of this year, buoyed by the growth of lending on the back of a robust economy in the regio......
By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue when it goes before a Senate panel on Tuesday to explain its offshore tax practices. In prepared testimony released by the company ......
ALGIERS (Reuters) - The value of Algeria's oil and gas exports, which account for about 97 of total sales abroad, fell by 9 percent in the first four months of this year compared to the same period in 2012 due to lower global crude prices, official figures showed on Monday. That pushed the OPEC member north African country's trade surplus......
PORT LOUIS (Reuters) - Mauritius's earnings from tourism dropped 12.4 percent from a year earlier to 12.06 billion rupees in the first three months of this year as the weak economic environment in Europe hurt visitors' spending. Statistics Mauritius cut its forecast for visitor arrivals this year to 990,000 from a previous estimate of 1 m......
JOHANNESBURG (Reuters) - South Africa's Vodacom Group reported a 23 percent rise in full-year profit on Monday underpinned by a strong performance by its African subsidiaries and growth in data usage. The unit of Britain's Vodafone Group said diluted headline earnings per share, which is the benchmark measure of profit in South Africa, to......
JOHANNESBURG (Reuters) - Netcare Ltd, Africa's third-biggest private hospital group, posted a 25 percent rise in half-year profit on Monday, helped by a strong performance in South Africa and favourable currency swings. Netcare, which also runs hospitals in Britain, said diluted headline earnings per share totalled 65.8 cents in the six months......
