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Tonic maker Fevertree lowered its annual profit forecast on Friday, signalling a hit from cost pressures and logistical issues.

London copper prices were on track for the worst weekly loss in 28 months on Friday, pulled down by a strong dollar and weak demand outlook as lacklustre economic growth and aggressive rate hikes loom.

Poland's central bank will raise the cost of credit at its next rate-setting meeting in September, Monetary Policy Council (MPC) member Ludwik Kotecki was quoted as saying on Friday, as he warned the country was heading for "textbook stagflation".

Investors betting that Japan will have to quit its ultra-loose monetary policy are running into riskier and pricier territory as the showdown shifts to the Bank of Japan's home turf in the bond market.

British luxury brand Burberry on Friday said its first-quarter comparable store sales rose by 1%, limited by COVID-19 lockdowns in China, its biggest market.

British luxury carmaker Aston Martin said on Friday it will launch a rights issue to shareholders to raise 653 million pounds ($771.58 million) in a move that will see Saudi Arabia's sovereign wealth fund become its second-largest shareholder.

The dollar hovered below a near two-decade high in Asian trading on Friday, having slipped overnight after two Federal Reserve policymakers said they favoured a smaller rate rise than the 100 basis points (bps) that investors were betting on.

Telecom firm Ericsson has received clearance from the U.S. national security panel to complete a $6.2-billion acquisition of cloud communications firm Vonage, the Swedish company said on Friday.

New car registrations in Europe hit 12 consecutive months of declines in June, as ongoing supply bottlenecks hold carmakers back from vehicle output, data from the region's carmaker association showed.

British fast-charging battery startup Nyobolt said on Friday it has raised 50 million pounds ($59 million) in Series B funding to build a UK manufacturing plant in 2023 to produce millions of battery cells.

China's economy contracted sharply in the second quarter while annual growth also slowed significantly, highlighting the colossal toll on activity from widespread COVID lockdowns, which jolted industrial production and consumer spending.

Amazon.com Inc has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened worry about the outlook for global economic growth.

TSMC shares rose over 3% on Friday outperforming the broader market, after the Taiwanese chipmaker announced forecast-beating second-quarter profit, with analysts buoyant on the firm's outlook despite some downside concern.

Indonesia booked a larger than expected trade surplus of $5.09 billion in June, as palm oil exports surged after the lifting of an export ban a month earlier while coal shipments to Europe also jumped, official data showed on Friday.

The Japanese government is hoping to restart four nuclear reactors by winter to prevent a potential power crunch, industry minister Koichi Hagiuda said at a news conference on Friday.

China's central bank stood pat on its medium-term policy rate for a sixth straight month on Friday, as expected, with investors believing that the bank intends to gradually normalise monetary policy after the easing made during COVID lockdowns.

Indiana's attorney general said on Thursday he was investigating whether the Indiana physician who performed an abortion on a 10-year-old Ohio rape victim abided by state laws requiring doctors to report the termination of a pregnancy and suspected cases of child abuse.

The following table shows rates for Asian currencies against the dollar at 0205 GMT.

Detection in the Chinese city of Wuhan of a bacteria that caused cholera in a student and was separately found in samples from softshell turtles at a food market has struck a sensitive nerve with ordinary Chinese people, with some relating it to COVID-19.