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India releases GDP Friday: Here's what to expect

When India releases gross domestic product data on Friday that is expected to show the economy growing faster than China for a second consecutive quarter, skeptics could be forgiven for asking: Why does it feel so slow?
Source: Reuters
UPDATE 1-Costco comparable sales fall 1 percent, miss Street forecasts

May 27- Warehouse club operator Costco Wholesale Corp reported a decline in quarterly comparable sales and lower-than-expected sales, hurt by gasoline price deflation and a stronger dollar that reduced value of sales from overseas markets. Costco sells gas at a lower margin, in order to attract more customers to its stores who then spend on higher-margin...
Source: Reuters
Norway's $900B sovereign fund told to reduce coal assets

Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday.
Source: Reuters
Dollar flirts with 2007 peak vs yen

The dollar hovered at eight-year highs against the yen early on Thursday, having stopped short of breaking above its 2007 peak as it consolidated recent gains against the euro and other peers.
Source: Reuters
GoPro jumps into virtual reality and drones

GoPro, known for having cameras strapped to snowboarders and skydivers, is going after the virtual reality and drone markets with some new products.
Source: CNBC.com | By: Ari Levy
UPDATE 2-Japan April retail sales rebound, ease pressure on BOJ

TOKYO, May 28- Japan's retail sales rebounded modestly in the year to April after three straight months of falls, bolstering the central bank's case that consumer spending is reviving to underpin a steady economic recovery. The data adds to signs of improvement in consumer confidence and eases pressure on the Bank of Japan to expand its massive stimulus...
Source: Reuters
BOJ's Kuroda: we're not brewing a bubble

Tokyo stocks are at fifteen-year highs and the yen at eight-year lows, but Bank of Japan Governor Haruhiko Kuroda told CNBC he doesn't think a bubble is brewing nor is he worried about where the yen is headed.
Source: CNBC.com | By: Mia Tahara-Stubbs
METALS-London copper edges off one-month lows as dollar drops

MELBOURNE, May 28- London copper edged up on Thursday as the dollar eased on vague hopes of a Greek debt deal, but prices were curbed as seasonal demand passes its peak and by plentiful supply. *The most-traded August copper contract on the Shanghai Futures Exchange slipped 0.2 percent to 44,120 yuan a tonne. *Chile's environmental regulator filed charges against...
Source: Reuters
Costco third-qtr comparable sales fall 1 percent

May 27- Warehouse club operator Costco Wholesale Corp reported a decline in quarterly comparable sales, hurt by gasoline price deflation and a stronger dollar that reduced value of sales from overseas markets. Net income attributable to the company rose to $516 million, or $1.17 per share in the third quarter ended May 10 from $473 million, or $1.07 per share, a...
Source: Reuters
Periscope, media companies talking about anti-piracy tech

CBS CEO Les Moonves, speaking at the Re/code conference on Wednesday, said Twitter and Periscope need to respond to media companies' concerns. "It would be really nice if our friends in the Valley would quit hiding behind the idea that they don't have to engage in the protection of intellectual property," ESPN President John Skipper said last week when asked about...
Source: Reuters | By: Yasmeen Abutaleb and Jennifer Saba