On Thursday, Germany's Social Democrats and the Chancellor Angela Merkel's Conservative Party agreed to launch the negotiations on forming a new grand coalition.
A study published by the ECB shows that convergence between the poorest and richest countries in the Euro zone still continues; however, income inequality remains a major problem.
European shares weakened on Friday even despite solid factory data in the Euro zone, as the anticipated US tax reform increased demand for the US Dollar during the Asian session.
According to the coalition talks' source, a new conservative-far right government of Austria should be sworn in as soon as December 20.
Chinese banking regulator fined China Minsheng Banking $4.16M for the sale of fake wealth management products, according to the official website's report posted on Thursday.
The Mitsubishi Materials subsidiary's head stepped down from his post over the data falsification scandal, the unit stated on Friday.
Nissan Motor reported a dramatic fall of 46.8% in its domestic passenger car sales in November, driven by a compliance scandal, which caused a recall of 1.2M vehicles and production suspension.
On Friday, former Catalonia's Cabinet members are set to appear before the Supreme Court, following the request of release right ahead of the regional election on December 21.
Japan's Emperor Akihito is eager to abdicate on April 30 in 2019, after spending about three decades on the Japanese throne.
On Friday, Tesla switched on its world's biggest lithium ion battery to shore up Australia's grid for summer's first day, meeting Elon Musk's promise to construct it in 100 days.
Japan's automaker Nissan Motor started international arbitration versus India, seeking more than $700M over the issue on unpaid state incentives.
Some progress in the UK negotiations to quit the European Union ceased the likelihood of disorderly Brexit, raising the chances to result in a free trade agreement.
Western Digital and Toshiba were nearing a deal to settle a legal dispute, which threatened plans to sell Japan conglomerate's semiconductor unit for $18B.
One of Genera Motor's ventures in China is set to recall more than 938K of cars due to fuel tank issues, the country's quality watchdog stated.
Japan's Manufacturing PMI was at 53.6 in November, the strongest reading in more than three years, as new orders and output accelerated gains, indicating the economy's steady expansion.
Qualcomm filled new complaints against Apple over patent infringement, saying that there were 16 of the company's patents used by Apple in its iPhones.
Chinese Manufacturing PMI fell to the five-month low of 50.8 in November, as high input costs and tough pollution measures weakened business confidence, a private survey revealed.
Japanese core CPI rose 0.8% year-on-year in October, the tenth straight month of increase, while its narrower measure showed no acceleration in inflation for three months in succession.
The United Nations reported on Thursday that it would extend the Geneva peace talks on Syria until December 15, adding that the presidency was still on the agenda.
On Thursday, General Motors said it planned a launch of self-driving taxi fleet in several dense urban areas in 2019.
The Congressional Budget Office warned on Thursday that the US Treasury would run out of cash by late March or early April, unless the Congress raised the debt ceiling.
The EIA reported US natural gas inventories dropped 33B cubic feet in the week ended November 24, following the prior week's fall of 46B cubic feet.
The Federal Reserve's Vice Chair Randal Quarles warned that bitcoin and other digital currencies could pose a heavy risk to financial stability if adopted widely.
OPEC agreed to expand oil production cuts by the end of 2018, as it attempts to finish the clearance of crude global glut, but ready quit the deal earlier in case the market overheats.