Gainers & Losers
TOKYO/SINGAPORE Asian stocks pulled ahead on Friday after U.S. data continued to put the economy in a positive light, while the dollar was on the defensive against major peers.
BENGALURU Gold dipped to its lowest in almost eight weeks on Friday and was heading for its biggest weekly decline in nine, with positive economic data boosting expectations that U.S. interest rates will rise in the next two months.
BEIJING Profit growth at China's industrial firms slowed in April, in line with other data for the month which suggested the economy may be losing steam again after picking up earlier in the year.
ISE-SHIMA, Japan The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China.
WASHINGTON The U.S. International Trade Commission said on Thursday it launched an investigation into complaints by United States Steel Corp that Chinese competitors stole its secrets and fixed prices, in the latest trade spat between the two countries.
NEW DELHI Jet Airways, India's second-biggest airline by passengers, reported an annual profit on Thursday for the first time since 2007 and a year ahead of schedule under its 2014 turnaround plan.
NEW DELHI/MUMBAI Oil and Natural Gas Corp Ltd (ONGC) said on Friday it expects output to rise this financial year as it invests billions of dollars in ramping up production from its ageing fields.