Highlights:

• Global funds are increasing positions in Indian state-owned lenders as credit growth remains robust, with an index tracking these banks up 12% year-to-date. Bloomberg Markets

• Paraguay's president says the region could benefit from Trump's renewed focus on Latin America and the Western Hemisphere under his policy approach. Bloomberg Markets

• Newmont Corp. sent Barrick Mining Corp. a notice of default over alleged mismanagement at their Nevada joint venture, escalating tensions between the mining partners. Bloomberg Markets

• Japanese soft power has created 10 billionaires through anime, entertainment, and consumer brands like One Piece, Hello Kitty, and Tamagotchi. Bloomberg Markets

• Mirae Asset Securities shares have surged over 200% this year as investors bet on Elon Musk's SpaceX ahead of its potential initial public offering. Bloomberg Markets

• Two former Google engineers and one of their husbands were indicted for allegedly stealing trade secrets related to Google's Tensor processor for Pixel phones. Bloomberg Technology

• Hedge fund Pleasant Lake Partners disclosed it is an investor in toymaker Funko Inc. and is pushing the company to launch a formal sale process. Bloomberg Markets

• Sumitomo Pharma shares declined after a Japanese government panel endorsed conditional approval for its regenerative stem-cell therapy. Bloomberg Markets

• Stocks fell and oil rose as US-Iran tensions escalated on the final trading day of the week. Bloomberg Markets