As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
European markets recovered from session lows to edge into the green at the close on Thursday as the European Central Bank (ECB) opted to keep interest rates unchanged.
The pan-European STOXX 600 provisionally closed 0.19 percent higher with sectors mixed, though the banking sector led the charge with a rise of 1.16 percent.
The ECB held rates, as widely expected, but President Mario Draghi sent stocks and the euro on a wild ride with his comments on future policy. Despite repeated questions from reporters in a press conference following the announcement, Draghi never wavered from affirming there had been "no discussion" regarding the question of when the bank's bond-buying program would be extended or even wound down.
Kallum Pickering, senior UK economist with Berenberg bank, suggested that most investors will be eagerly awaiting the December meeting which could prove to be much more volatile. He said in a note, "The potential for market dislocations and volatility if the ECB didn't meet market expectations come December would be high. That the ECB didn't look to alter market expectations is significant - an extension of QE beyond March 2017 therefore is very likely."
The euro rallied hard before trimming gains whilst stocks were sent in the opposite direction.
On the earnings front, Publicis reported sales in the three months to September 30 fell 0.4 percent due to lost client accounts. But the company confirmed its full-year guidance for 2016. Shares in the firm fell 5.71 percent at the close.
Meanwhile, Nestle shares were in negative territory after it reported sales for the first nine months of the year that missed expectations and the Swiss food firm lowered its full-year guidance.
Deutsche Bank shares rallied up 3.8 percent on the back of a German magazine report suggesting the Qatari royal family would be ready to take part in a capital increase of Germany's biggest lender. Elsewhere, Barclays and Bank of Ireland posted gains of 3.2 percent and 6.7 per cent respectively.
Pharma giant Roche confirmed its outlook for 2016 and said third quarter group sales rose 3 percent, but shares were trading under pressure.
Lufthansa outperformed the broader market with shares soaring 10 percent in morning trade as the German airline raised its profit target for the year on Wednesday. However, in afternoon trade Lufthansa retreated to trade at 7.9 percent.
And Swedish Telecom operator Tele2 B shares rallied 3.3 percent after reporting third-quarter core profit that beat market expectations.
Elsewhere, oil prices pulled back in the European trading session after a rally in the U.S. dollar weighed on commodity prices denominated in the greenback. Brent traded down 2.2 percent while U.S. WTI fell 1.98 percent.
—CNBC's Gemma Acton contributed to this article.