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  • *Coming Up: U.S. Housing starts, Building permits April at 1230 GMT. Copper prices have been underpinned by tight supply and falling stocks amid the peak season for demand. "Copper prices have broken out of their recent range, but in the near term I question how much further they can go," said Tim Radford, analyst at adviser Rivkin in Sydney.

  • At least 10 members of the nonprofit Bitcoin Foundation have resigned over last week's election of onetime Disney child star and current Bitcoin entrepreneur and financier Brock Pierce as a new director, officials at the group said.

  • NEW YORK, May 16- New Yorkers who rely on the state pension fund for their retirement may be short-changed about $735 million over the next 10 years as a result of Governor Andrew Cuomo's policy of permitting local authorities to defer fund payments so they can fill budget gaps and pay for services such as schools, street lights and police.

  • NEW YORK, May 16- New York State allows cash-strapped municipalities and other public employers to defer money from the state pension system to offset high contribution rates without raising taxes or making cuts to public services.

  • NEW YORK, May 16- Two years ago, Denver- based oil and gas driller Bonanza Creek Energy wanted to spread its credit risk and hedge its production- and it called on some regional Main Street banks to help do it. Ohio- based KeyCorp led the lenders and was also among the banks providing hedging.

  • Hong Kong shares cool off, China stocks edge lower Friday, 16 May 2014 | 1:00 AM ET

    *Hang Seng Index might have best weekly gain since Sept. *Greentown China up 5.9 pct on Sunac bid to buy 30 pct. HONG KONG/ SHANGHAI, May 16- Hong Kong shares shed early gains on Friday in a consolidation after a rally, but the benchmark index might still produce its best week in more than eight months.

  • May 16- Alcoa Inc said it had reached a tentative agreement on a new five-year labor contract with the unionized workers at 10 U.S. metal plants shortly before the expiration of their previous labor contract.

  • *Congress faces worst-ever result, Rahul Gandhi may lose seat. The ruling Congress party alliance was ahead in just 72, according to NDTV news. Rahul Gandhi, who led the Congress campaign, was leading by a slender margin in his seat of Amethi, a family bastion that has been held in turn by his uncle, father and mother, Sonia.

  • SHANGHAI, May 16- Corruption charges against GlaxoSmithKline Plc executives in China are a warning to other foreign firms and could do irreparable damage to the British drugmaker's Chinese operations, the official Xinhua news agency said on Friday.

  • *Congress faces worst-ever result, Rahul Gandhi may lose seat. The ruling Congress party alliance was ahead in just 80, according to NDTV news. Rahul Gandhi, who led the Congress campaign, was lagging in his seat of Amethi, a family bastion that has been held in turn by his uncle, father and mother, Sonia.

  • Brent holds above $109 on Ukraine tensions Friday, 16 May 2014 | 12:12 AM ET

    SINGAPORE May 16- Brent futures held above $109 a barrel on Friday as fresh tensions over Ukraine kept them on course for their biggest weekly rise since mid-April, but returning Libyan supply capped gains.

  • *Gold holds overnight losses after strong U.S. data. SINGAPORE, May 16- Gold struggled below $1,300 an ounce on Friday as U.S. jobs and factory data indicated brighter prospects for the economy, hurting the metal's appeal as an investment hedge.

  • China's yuan steady as volatility tapers off this week Thursday, 15 May 2014 | 11:56 PM ET

    HONG KONG, May 16- China's yuan is set to record a small weekly loss against the dollar after posting its strongest week in more than two years last week, as the market awaits clearer signals on direction. The People's Bank of China set the official midpoint at 6.1628, up 0.02 percent from the previous day's 6.1640.

  • NEW DELHI, May 16- Early counting of results in India's general election put opposition leader Narendra Modi on course for a resounding victory that would hand him a clear mandate for his agenda to revive growth and create jobs. The ruling Congress party alliance was ahead in just 70, according to NDTV news.

  • GSK case a "warning" to behave for MNCs in China: Xinhua Thursday, 15 May 2014 | 11:36 PM ET

    SHANGHAI, May 16- Corruption charges against British drugmaker GlaxoSmithKline Plc in China are a "warning" to other foreign firms operating in the country that unethical behaviour will be punished, according to a commentary from the official Xinhua news agency on Friday.

  • BEIJING, May 16- China drew $40.3 billion in foreign direct investment in the first four months of 2014, up 5 percent from a year earlier, with the lion's share going to the services industry, the Commerce Ministry said on Friday. In April alone, China attracted $8.7 billion in FDI, up 3.4 percent from a year ago.

  • SYDNEY/ SINGAPORE, May 16- The euro was back in familiar territory against the dollar on Friday, having staged a rebound from a 2-1/ 2- month trough as investors booked profits on bearish positions ahead of the weekend.

  • *Nikkei turns negative on week, strong yen hits exporters. *Fall in U.S. stocks, yields raise concerns. TOKYO, May 16- Japanese shares stumbled on Friday as the combination of a stronger yen and a second day of declines on Wall Street depressed sentiment, leaving the market poised for the third-week of losses in the past month.

  • *First results show BJP leading in 16 seats vs. 6 for Congress. NEW DELHI, May 16- Counting of votes began on Friday after India's mammoth election, which could usher in the most profound economic change in a generation if opposition leader Narendra Modi wins a clear mandate for his agenda to revive growth and create jobs.

  • *Asia shares follow overnight Wall Street slide. A second day of losses on Wall Street pulled MSCI's broadest index of Asia-Pacific shares outside Japan down 0.4 percent. The index has gained about 2 percent on the week during which Wall Street set the tone by climbing to record highs.