The US sportswear firm Nike reports a 24% increase in profit as it sells more high-end shoes and clothes.

A South African commission recommends a criminal investigation into police accused over the 2012 deaths of 34 striking workers at the Marikana mine.

Hong Kong authorities reject an application by Qantas-backed Australian budget carrier Jetstar to set up local operations on the island.

Mainland Chinese shares see sharp losses as investors began to worry about another wave of new listings drawing up liquidity in the market.

Tesco says UK sales fell 1.3% in the three months to the end of May as the retailer continues to try to stem the flow of customers switching to discount chains.

Shares in Australia's biggest supermarket chain Woolworths rise as much as 5% on rumours it could be facing a takeover bid.

Shares in China's third biggest brokerage, Guotai Junan Securities, soar on their debut after the firm raises $4.8bn in China's biggest IPO since 2010.

UK shares fall after Greece failed again to clinch a deal with its creditors on Thursday, with more talks due on Saturday.