| S.Africa stocks hit record high on weaker rand 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 37,044.09. Read More »  Kenya's CFC Stanbic's pretax profit soars in first quarter  | 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 region. CFC Stanbic, which is controlled by South Africa's Standard Group, said on Tuesday its net interest income increased to 1.75 billion shillings as interest paid on deposits tumbled after policymakers cut lending rates. Earnings per share rose to 5. ...
| Read More » Home Depot quarterly profit, sales rise  | (Reuters) - A nascent recovery in the housing market helped Home Depot Inc report higher quarterly sales and earnings on Tuesday, prompting the world's largest home improvement chain to boost its sales outlook for the year. Net earnings rose to $1.2 billion, or 83 cents a share, in the first quarter ended on May 5 from $1 billion, or 68 cents a share, a year earlier. Sales rose to $19.12 billion from $17.81 billion. (Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)
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