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Copper prices fell on Friday after top consumer China did not set an annual growth target for the first time as the coronavirus pandemic pummels its economy, while mounting Sino-U.S. tensions also hit prices of the red metal.

* Investors include Facebook, General Atlantic and Silver Lake

Hong Kong's Hang Seng Index fell more than 5% on Friday afternoon after China moved to impose new national security legislation on the city, raising fears of a revival of street protests that convulsed the financial hub for much of last year.

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

A Philippine lawmaker has introduced a bill in parliament aimed at taxing big tech firms such as Facebook, Alphabet's Google and Youtube, Netflix and Spotify, to raise funds to battle the coronavirus.

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General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.

India's Reliance Industries said KKR will invest $1.5 billion in Jio Platforms, marking the fifth fundraising deal in a month by its digital unit and bringing the total amount of new investment to $10 billion.

* China pledges more stimulus, does not set 2020 growth target

South Korean contract drugs manufacturer Samsung Biologics Co Ltd said on Friday it had signed a deal worth more than $231 million with GlaxoSmithKline PLC (GSK) to supply biopharmaceutical products over the next eight years.

Indian oil-to-telecoms conglomerate Reliance Industries said on Friday U.S. private equity firm KKR will buy 2.32% of its digital unit Jio Platforms for 113.67 billion rupees ($1.50 billion).

Copper prices fell on Friday as mounting Sino-U.S. tensions and concerns about a rebound from the coronavirus-led economic slump curbed risk appetite and demand for metals.

Institutional Shareholder Services (ISS) has recommended shareholders of Google-parent Alphabet Inc to vote "against" the company's proposed executive pay at its annual meet in June, according to a report seen by Reuters on Thursday.

Brazilian food retailer GPA SA said it was warned by the New York Stock Exchange about its delay to file the 20F report related to 2019 results.

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as part of a programme to raise $41 billion through asset sales.

Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new coronavirus outbreak.

The University of Alabama will require students and staff returning to its three campuses in the coming months to submit online health checks regularly and encourage them to download its contact tracing app, officials told Reuters on Thursday.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.